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).
Growth in real metropolitan area personal income in 2013 ranged from an increase of 4.8 percent in Sioux City, IA-NE-SD to a decline of 3.1 percent in New Bern, NC. After Sioux City, IA-NE-SD, the metropolitan areas with the largest growth rates were Janesville-Beloit, WI (4.6 percent), Danville, IL (4.4 percent), Monroe, MI (4.4 percent), and Boise City, ID (3.9 percent). After New Bern, NC, the metropolitan areas with the largest declines were Beckley, WV (-3.0 percent), Fairbanks, AK (-2.9 percent), Peoria, IL (-2.9 percent), and Anniston-Oxford-Jacksonville, AL (-2.4 percent).View Article