Missouri 2010 Personal and Per Capita Income

According to data from the U.S. Bureau of Economic Analysis (BEA), Missouri’s personal income increased by 2.2 percent in 2010 to $221.5 billion. The state’s positive growth rate was below the U.S. average rate of 3.0 percent that increased the nation’s personal income to just over $12.5 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 $1.6 trillion. Texas, New York, Florida, and Illinois round out the top five. Vermont, Wyoming, North Dakota, Alaska and South Dakota reported the lowest personal income totals. Missouri was 20th overall in total 2010 state personal income.


Missouri had the 3rd highest total personal income when compared to surrounding states. Only Illinois ($554 billion) and Tennessee ($224 billion) ranked higher.

Personal income increased in every state this year. Nevada had the smallest increase in personal income at 0.3 percent.

 2010 Top 25 States Personal Income ($Millions)
Rank Area 2010 Percent change,
2009-10
****** United States  12,530,101 3.0%
1     California  1,605,790 2.5%
2     Texas 993,063 3.8%
3     New York 946,054 4.1%
4     Florida  738,373 2.2%
5     Illinois  553,753 2.5%
6     Pennsylvania  522,731 3.2%
7     New Jersey 446,464 2.6%
8     Ohio  419,871 2.7%
9     Virginia  358,140 3.1%
10     Michigan  351,830 2.8%
11     Georgia  343,817 2.5%
12     North Carolina  339,828 3.9%
13     Massachusetts  337,542 3.1%
14     Washington  292,950 2.5%
15     Maryland  283,049 2.9%
16     Minnesota  227,234 3.1%
17     Indiana  226,562 3.7%
18     Tennessee  224,064 3.8%
19     Arizona  223,716 2.1%
20     Missouri  221,465 2.2%
21     Wisconsin  218,564 3.4%
22     Colorado  215,259 2.3%
23     Connecticut  200,154 2.9%
24     Louisiana  174,292 3.1%
25     Alabama  162,249 3.1%

 

Per Capita Personal Income

Per capita personal income in Missouri in 2010 was $36,979. Nationally, per capita income was higher than Missouri at $40,584. Per capita income is defined as total personal income divided by total population.

The District of Columbia led the nation in per capita income at $71,044 followed by Connecticut ($56,001), Massachusetts ($51,522), New Jersey ($50,781), and Maryland ($49,025). Mississippi had the lowest per capita income at $31,186. Missouri ($36,979) ranked 33rd overall in 2010 per capita personal income.

Compared to its surrounding states, Missouri ($36,979) ranked 5th in per capita personal income. Illinois ($43,159), Kansas ($39,737), Nebraska ($39,557) and Iowa ($38,281) had higher per capita income.

Per Capita Personal Income, 2010
Area Dollars
United States  40,584
    District of Columbia  71,044
    Connecticut  56,001
    Massachusetts  51,552
    New Jersey  50,781
    Maryland  49,025
    New York  48,821
    Wyoming  47,851
    Virginia  44,762
    Alaska  44,174
    New Hampshire  44,084
    Washington  43,564
    Illinois  43,159
    California  43,104
    Minnesota  42,843
    Colorado  42,802
    Rhode Island  42,579
    Pennsylvania  41,152
    Hawaii  41,021
    North Dakota  40,596
    Vermont  40,283
    Delaware  39,962
    Kansas  39,737
    Nebraska 39,557
    Texas  39,493
    Florida  39,272
    South Dakota  38,865
    Louisiana  38,446
    Wisconsin  38,432
    Iowa  38,281
    Maine  37,300
    Oregon  37,095
    Nevada  36,997
    Missouri  36,979
    Oklahoma  36,421
    Ohio  36,395
    North Carolina  35,638
    Michigan  35,597
    Georgia  35,490
    Montana  35,317
    Tennessee  35,307
    Arizona  34,999
    Indiana  34,943
    Alabama  33,945
    New Mexico  33,837
    Kentucky  33,348
    South Carolina  33,163
    Arkansas  33,150
    West Virginia  32,641
    Utah  32,595
    Idaho  32,257
    Mississippi  31,186

 


State personal income estimates were revised March 23, 2011 to reflect the results of the annual revision to the national income and product accounts released in July 2010 and to incorporate newly available state-level source data. The per capita personal income estimates for 2010 are calculated using the April 1, 2010 decennial census population counts that were released by the Census Bureau on December 21, 2010. Revised estimates of per capita personal income for 2001-2009 are not released at this time because intercensal state population estimates consistent with the 2000 and 2010 decennial census counts are not currently available. In September 2011, BEA plans to release revised state personal income estimates for 2008-2010 and estimates of state per capita income for 2001-2010.

Source: U.S. Bureau of Economic Analysis.

 

 


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