Missouri 2007 Personal and Per Capita Income

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. Alaska, South Dakota, Vermont, Wyoming, and North Dakota reported the lowest personal income totals. Missouri ranked 20th in total personal income in 2007.

Missouri had the 3rd highest total personal income when compared to surrounding states. Only Illinois ($518 billion) and Tennessee ($204 billion) ranked higher.

Personal income increased in all states in 2007, with only six states reporting a growth rate of less than 5 percent. Arizona had the fastest growth rate at 10.9 percent while Colorado had the lowest growth rate at 3.6 percent.

Per Capita Personal Income

Per capita personal income in Missouri increased 4.9 percent in 2007 to $34,389. Nationally, per capita income increased 5.2 percent to an average of $38,611. Per capita income is defined as total personal income divided by total population.

Connecticut led the nation in per capita income at $54,117 followed by New Jersey ($49,194), Massachusetts ($49,082), New York ($47,385), and Maryland ($46,021). Mississippi had the lowest per capita income at $28,845. Missouri ranks 36th in per capita personal income.

Missouri ranked 5th in per capita income compared to the surrounding states of Illinois ($40,322), Nebraska ($36,471), Kansas ($36,768) and Iowa ($35,023) had higher per capita income.

 

The fastest per capita personal income growth was in Louisiana, increasing by 9.2 percent, followed by New York (7.6%), Mississippi (6.7%), Connecticut (6.6%), North Dakota (6.4%), and Wyoming (6.3%). Arizona had the lowest growth at 3.4 percent. Missouri reported a growth rate at 4.9 percent.

 

Per Capita Personal Income
State	2006 ($)	2007 ($)	Percent change        2006-2007	State	2006 ($)	2007 ($)	Percent change        2006-2007
United States	36,714	38,611	5.2%	Missouri	32,789	34,389	4.9%
Alabama	30,894	32,404	4.9%	Montana	30,790	32,458	5.4%
Alaska	38,138	40,352	5.8%	Nebraska	34,440	36,471	5.9%
Arizona	31,936	33,029	3.4%	Nevada	38,994	40,480	3.8%
Arkansas	28,473	30,060	5.6%	New Hampshire	39,753	41,512	4.4%
California	39,626	41,571	4.9%	New Jersey	46,763	49,194	5.2%
Colorado	39,491	41,042	3.9%	New Mexico	29,929	31,474	5.2%
Connecticut	50,762	54,117	6.6%	New York	44,027	47,385	7.6%
Delaware	39,131	40,608	3.8%	North Carolina	32,247	33,636	4.3%
Florida	36,720	38,444	4.7%	North Dakota	32,763	34,846	6.4%
Georgia	32,095	33,457	4.2%	Ohio	33,320	34,874	4.7%
Hawaii	37,023	39,239	6.0%	Oklahoma	32,391	34,153	5.4%
Idaho	29,920	31,197	4.3%	Oregon	33,299	34,784	4.5%
Illinois	38,409	40,322	5.0%	Pennsylvania	36,825	38,788	5.3%
Indiana	32,288	33,616	4.1%	Rhode Island	37,523	39,463	5.2%
Iowa	33,038	35,023	6.0%	South Carolina	29,767	31,013	4.2%
Kansas	34,799	36,768	5.7%	South Dakota	32,030	33,905	5.9%
Kentucky	29,729	31,111	4.6%	Tennessee	32,172	33,280	3.4%
Louisiana	31,821	34,756	9.2%	Texas	35,166	37,187	5.7%
Maine	32,095	33,722	5.1%	Utah	29,406	31,189	6.1%
Maryland	43,788	46,021	5.1%	Vermont	34,871	36,670	5.2%
Massachusetts	46,299	49,082	6.0%	Virginia	39,540	41,347	4.6%
Michigan	33,788	35,086	3.8%	Washington	38,212	40,414	5.8%
Minnesota	38,859	41,034	5.6%	West Virginia	28,206	29,537	4.7%
Mississippi	27,028	28,845	6.7%	Wisconsin	34,405	36,047	4.8%
District of Columbia	57,746	61,092	5.8%	Wyoming	40,655	43,226	6.3%

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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