Useful Stats: Per Capita Personal Income by State, FY 2003-2006

The U.S. as a whole showed an increase of 5.41 percent in per capita personal income from fiscal year 2005, according to second quarter 2006 estimates of state personal income data released by the U.S. Bureau of Economic Analysis (BEA).

 

Using BEA data, SSTI has compiled a table ranking all 50 states and the District of Columbia by per capita personal income and percent change between FY 2003-06. Twenty-four states showed an increase in per capita personal income over the four-year period greater than the national average of 15.51 percent. Among those states, Wyoming led the nation with a 22.1 percent increase, followed by Oklahoma (20.8 percent), the District of Columbia (19.7 percent), Louisiana (19.4 percent) and Hawaii (19.4 percent).

 

In per capita personal income, the District of Columbia led the nation from FY 2003-06 with an average of $56,307 per person in FY06. Connecticut, New Jersey, Massachusetts, Maryland and New York ranked 2-6, respectively, throughout the four-year period. Of the remaining top 10 states, Wyoming moved up eight places to seventh in FY06 (the largest jump in rank over the four-year period), New Hampshire moved down one rank to eighth, Delaware moved up 12 places to ninth, and Virginia remained 10th.

 

SSTI’s table is available at: http://www.ssti.org/Digest/Tables/040907t.htm