Personal Income Grows, But Idahoan’s Earnings Still Fall Short

Idaho’s per capita personal income increased by $868 in 2012. That’s a 3.3 percent increase over 2011, and it boosts annual earnings above their 2008 peak. But the change wasn’t enough to narrow the gap between the net incomes of Idahoans and Americans at large.

The annual personal income data released today from the U.S. Bureau of Economic Analysis show Idahoans earn on average 79 percent of the national average. That maintains Idaho’s rank of 49, with only Mississippi further behind. The states had per capita personal income of $33,749 and $33,073, respectively.

Source: U.S. Bureau of Economic Analysis | Download the Data

As we reported earlier this week, the income gap has continually widened over the last two decades.

Source: U.S. Bureau of Economic Analysis

As a region, states in the northeast had the highest per capita personal income last year with Connecticut coming out on top. The per capita personal income there was $58,908 in 2012, well above the national average of $42,693.