Real Personal Income for States, 2013

Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 2.0 percent in 2013. In 2013, the U.S. PCE price index grew 1.2 percent.

Real Personal Income for States July 1

Growth in real state personal income in 2013 ranged from an increase of 3.5 percent in Idaho to a decline of 4.4 percent in North Dakota. These growth rates reflect the year-over-year change in the state’s nominal personal income, the change in the national PCE price index, and the change in the regional price parity for that state. After Idaho, the states with the largest growth rates were Utah (2.3 percent), California (2.2 percent), Nebraska (2.2 percent), and South Dakota (2.0 percent). After North Dakota, the states with the largest rates of decline were New Mexico (-0.6 percent), New York (-0.4 percent), Maryland (-0.3 percent), and Montana (-0.2 percent). States with growth rates close to the national average were Wyoming (0.8 percent), Oklahoma (0.7 percent), Ohio (0.7 percent), New Hampshire (0.7 percent), and Illinois (0.7 percent).

For more information, read the full report.


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