State Personal Income Rises in 2017

State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota. The percent change in personal income across all states ranged from 4.8 percent in Washington to -0.3 percent in North Dakota.

Personal Income March22

  • Earnings increased 3.1 percent in 2017 and was a leading contributor to growth in personal income in most states, including the five fastest growing states—Washington, Idaho, Nevada, Utah, and Arizona.
  • For the nation, earnings increased in 22 of the 24 industries for which BEA prepares estimates. Earnings growth in three industries—health care and social assistance; professional, scientific, and technical services; and construction—were the leading contributors to overall growth in personal income.
  • State personal income increased 1.1 percent on average in the fourth quarter of 2017, after increasing 0.8 percent growth in the third quarter. The percent change in personal income across all states ranged from 1.5 percent in Nevada to 0.2 percent in North Dakota.

For more information, read the full report.

Enter your email address to follow this blog and receive notifications of new posts by email.


%d bloggers like this: