Useful Stats: Revised Per Capita Personal Income by State, FY 2003-2005

The U.S. Bureau of Economic Analysis (BEA) recently released revised estimates of state personal income from 2003-2005. According to BEA's data, the U.S. as a whole showed an increase of 9.64 percent in per capita personal income over the three years. Twenty-seven states experienced per capita personal income growth greater than the national average. The District of Columbia ranks first at 15.66 percent, followed by Wyoming (13.96 percent), Hawaii (13.81 percent), Oklahoma (13.21 percent), Nevada (12.61 percent), Alabama (12.46 percent), Florida (12.38 percent), New Mexico (12.33 percent), Maryland (12.18 percent) and Idaho (12.01 percent).



The District of Columbia topped the nation in per capita personal income from 2003-2005. The remaining top 10 states showed little movement over the three-year period — Connecticut, New Jersey, Massachusetts, Maryland, New York and New Hampshire held their ranks among the top seven, respectively, and Colorado remained at 9. However, Minnesota dropped two ranks to 10 in 2005 and Virginia moved up two ranks to 8 in 2005.



Iowa climbed the most of the states in rank by per capita personal income, jumping five places from 36 in 2003 to 31 in 2005.  Hawaii, Nevada and Wyoming were just behind, moving up four places during that time span.



SSTI's table ranking all 50 states and the District of Columbia by revised per capita personal income from 2003-2005 is available at: http://www.ssti.org/Digest/Tables/100206t.htm