Personal income change map. Image courtesy of the U.S. Bureau of Economic Analysis.
St. Louis (KSDK) - Personal income rose last year in all metropolitan statistical areas (MSAs) for the first time since 2007, according to the Bureau of Economic Analysis.
The BEA determined that on average, personal income grew 5.2 percent across all MSAs, which account for 87 percent of personal income of the United States. This figure is up from 3.9 percent in 2010.
The MSAs are based on counties, and were developed by the Office of Management and Budget for statistical purposes in December 2009.
The highest per capita personal income was found in Bridgeport-Stamford-Norwalk area of Connecticut at $78,504. The lowest was found in McAllen-Edinburg-Mission area of Texas at $21,620.
Per capita personal income was determined through information obtained through the Census Bureau's annual midyear population estimates and was calculated from the personal income of residents, divided by the resident population in each area.
The BEA also determined inflation rose to 2.4 percent in 2011, up from 1.9 percent in 2010.
In 2011, personal income rose in 3,062 of the 3,113 counties in the nation.
Forty-five of the 50 fastest-growing personal income counties last year were found in the Plains Region, 41 of which were located in Nebraska, North Dakota, and South Dakota due to an increase in farm income.
St. Louis, Missouri
The personal income for residents in St. Louis and surrounding areas for 2011 was $120.7 million, a 4.7 increase from 2010. The per capita personal income rose to $42,864 in 2011, a 4.6 percent increase over 2010, ranking the St. Louis area 65th for total income per capita in the United States.
Columbia residents' personal income rose to $6.5 million, a 5.6 percent increase over 2010. Per capita income rose to $37,350 in 2011, a 4.1 percent increase over 2010, ranking Columbia 168th for total income per capita in the United States.
Jefferson City, Missouri
Residents of Jefferson City saw an increase of 2011 personal income by 3.5 percent from 2010 at $5.3 million. Per capita personal income rose 3.2 percent to $35,453, ranking Jefferson City as 208th for total income per capita in the United States.
Personal income rose in Springfield by 4.2 percent over 2010, bringing the total to $9.1 million. Per capita personal income rose to $43,158 in 2011, a 3.7 percent increase over 2010, ranking Springfield as 59th for total income per capita in the United States.
In 2011, personal income grew 4.0 percent over 2010 to $436.9 million in the Chicago-Joliet-Naperville area. The per capita personal income for this area rose by 3.7 percent over 2010 to $45,977, ranking the Chicago-Joliet-Naperville area 33rd for total income per capita in the United States.
To view the BEA's statistics and to find personal income for other areas of the United States, visit their website.