Missouri 2009 Personal and Per Capita Income

According to revised data from the U.S. Bureau of Economic Analysis (BEA), Missouri’s personal income declined by 1.4 percent in 2009 to $213.6 billion. The state’s negative growth rate was slightly below the U.S. average rate of -1.7 percent that dropped the nation’s personal income to just over $12 trillion last year.

Personal income is defined as the income received by all persons from participation in production, from government and business transfer payments, and from interest. Personal income is measured before the deduction of taxes and is reported in current dollars.

California led the nation in total personal income with more than $1.5 trillion. New York, Texas, Florida, and Illinois round out the top five. South Dakota, Alaska, North Dakota, Wyoming, and Vermont reported the lowest personal income totals. Missouri was 20th overall in total 2009 state personal income.


Missouri had the 3rd highest total personal income when compared to surrounding states. Only Illinois ($535 billion) and Tennessee ($215 billion) ranked higher.

Personal income decreased or remained flat in all but five states in 2009. Nevada had the largest overall decrease in personal income at -4.8 percent.

2009 Personal Income
Top 25 States ($Millions)

State
Personal Income ($)
Rank
Percent Change
United States 12,015,535 NA -1.7%
California 1,564,389 1 -2.5%
New York 917,610 2 -3.4%
Texas 904,166 3 -1.6%
Florida 700,361 4 -2.7%
Illinois 534,638 5 -2.1%
Pennsylvania 498,868 6 -0.2%
New Jersey 438,111 7 -1.8%
Ohio 408,395 8 -1.3%
Virginia 345,841 9 0.7%
Michigan 339,219 10 -3.0%
Georgia 332,091 11 -1.7%
Massachusetts 328,858 12 -1.3%
North Carolina 323,204 13 -0.8%
Washington 278,236 14 -0.9%
Maryland 275,201 15 1.0%
Minnesota 218,823 16 -2.6%
Arizona 217,235 17 -2.7%
Indiana 216,618 18 -1.8%
Tennessee 214,633 19 -1.3%
Missouri 213,610 20 -1.4%
Wisconsin 208,220 21 -2.0%
Colorado 207,742 22 -2.2%
Connecticut 191,385 23 -2.9%
Louisiana 159,499 24 -0.7%
Alabama 155,840 25 -1.0%
 

Per Capita Personal Income

Per capita personal income in Missouri decreased 2.6 percent in 2009 to $35,676. Nationally, per capita income decreased 2.7 percent to $39,138. Per capita income is defined as total personal income divided by total population.

Connecticut led the nation in per capita income at $54,397 followed by New Jersey ($50,313), Massachusetts ($49,875), Maryland ($48,285), and New York ($46,957). Mississippi had the lowest per capita income at $30,103. Missouri ($35,676) ranked 30th overall in 2009 per capita personal income.

Compared to its surrounding states, Missouri ($35,676) ranked 5th in per capita personal income. Illinois ($41,411), Nebraska ($38,081), Kansas ($37,916), and Iowa ($36,680) had higher per capita income.

2009 Per Capita Personal Income
State 2008 2009 % Chg State 2008 2009 % Chg
United States 40,208 39,138 -2.7% Missouri 36,631 35,676 -2.6%
Alabama 33,768 33,096 -2.0% Montana 34,644 34,004 -1.8%
Alaska 44,039 42,603 -3.3% Nebraska 39,150 38,081 -2.7%
Arizona 34,335 32,935 -4.1% Nevada 41,182 38,578 -6.3%
Arkansas 32,397 31,946 -1.4% New Hampshire 43,623 42,831 -1.8%
California 43,641 42,325 -3.0% New Jersey 51,358 50,313 -2.0%
Colorado 42,985 41,344 -3.8% New Mexico 33,430 32,992 -1.3%
Connecticut 56,272 54,397 -3.3% New York 48,753 46,957 -3.7%
Delaware 40,519 39,817 -1.7% North Carolina 35,344 34,453 -2.5%
District of Columbia 66,119 66,000 -0.2% North Dakota 39,870 39,530 -0.9%
Florida 39,267 37,780 -3.8% Ohio 36,021 35,381 -1.8%
Georgia 34,893 33,786 -3.2% Oklahoma 35,985 35,268 -2.0%
Hawaii 42,055 42,009 -0.1% Oregon 36,297 35,667 -1.7%
Idaho 33,074 31,632 -4.4% Pennsylvania 40,140 39,578 -1.4%
Illinois 42,347 41,411 -2.2% Rhode Island 41,368 41,003 -0.9%
Indiana 34,605 33,725 -2.5% South Carolina 32,666 31,799 -2.7%
Iowa 37,402 36,751 -1.7% South Dakota 38,661 36,935 -4.5%
Kansas 38,820 37,916 -2.3% Tennessee 34,976 34,089 -2.5%
Kentucky 32,076 31,883 -0.6% Texas 37,774 36,484 -3.4%
Louisiana 36,424 35,507 -2.5% Utah 31,944 30,875 -3.3%
Maine 36,457 36,745 0.8% Vermont 38,686 38,503 -0.5%
Maryland 48,378 48,285 -0.2% Virginia 44,224 43,874 -0.8%
Massachusetts 51,254 49,875 -2.7% Washington 42,857 41,751 -2.6%
Michigan 34,949 34,025 -2.6% West Virginia 31,641 32,219 1.8%
Minnesota 43,037 41,552 -3.5% Wisconsin 37,767 36,822 -2.5%
Mississippi 30,399 30,103 -1.0% Wyoming 48,608 45,705 -6.0%

 

2009 Missouri Border States Bar Chart Per Capita Income

 

Only two states actually had per capita personal income growth in 2009. West Virginia per capita income grew at 1.8 percent and Maine at 0.8 percent. The biggest percent decliners were Nevada (-6.3%), Wyoming (-6.0%), South Dakota, (-4.5%), and Idaho (-4.4%).

2008-2009 % Change Personal Income  Map of United States
 

All per capita personal income estimates are in current dollars (not adjusted for inflation).
Source: U.S. Bureau of Economic Analysis

 


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