Missouri 2015 Personal and Per Capita Income

In 2015, Missouri’s personal income was $260.1 billion, a 3.0 percent increase from the 2014 personal income, according to data from the U.S. Bureau of Economic Analysis (BEA). The nation’s personal income rose 4.4 percent to over $15.3 trillion compared to last year.

Personal income is defined as the income received by all persons from net earnings, transfer payments, and property interest income. 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 $1.9 trillion. Texas, New York, Florida, and Illinois round out the top five.

Missouri was 22nd overall in total state personal income. Missouri had the 3rd highest total personal income when compared to surrounding states. Only Illinois ($636 billion) and Tennessee ($278 billion) ranked higher.

Personal income increased in all but two states this year. South Dakota remained unchanged from a year ago; and personal income declined in North Dakota by $99 billion or -0.2 percent.

          2015 Top 25 States Personal Income                  
($ Millions)
Rank Area 2015 Percent Change 2014 to 2015
  United States  $         15,324,109 4.4%
1 California $2,061,337 6.3%
2 Texas $1,284,262 4.3%
3 New York $1,142,485 4.0%
4 Florida $894,190 5.2%
5 Illinois $636,281 3.7%
6 Pennsylvania $629,710 3.3%
7 New Jersey $535,604 4.0%
8 Ohio $504,993 3.1%
9 Virginia $437,111 4.3%
10 Michigan $421,044 4.3%
11 Massachusettes $414,724 4.7%
12 Georgia $414,274 5.3%
13 North Carolina $408,364 4.8%
14 Washington $366,790 4.7%
15 Maryland $337,174 4.1%
16 Tennessee $277,707 4.8%
17 Minnesota $277,483 3.8%
18 Colorado $275,107 5.1%
19 Indiana $271,426 4.0%
20 Arizona $266,756 4.6%
21 Wisconsin $263,301 3.5%
22 Missouri $260,123 3.0%
23 Connecticut $240,519 3.1%
24 Louisiana $202,048 3.4%
25 Alabama $189,357 4.1%

 

Per Capita Personal Income

Per capita income is defined as total personal income divided by total population. Per capita personal income in Missouri was $42,752 in 2015, up from $41,613 in 2014.

The District of Columbia led the nation in per capita income at $71,496 followed by Connecticut ($66,972), Massachusetts ($61,032), New Jersey ($59,782), and New York ($57,705). Mississippi had the lowest per capita income at $35,444.

Per Capita Income 2015
Area Dollars Area Dollars
United States $47,669 South Dakota  $45,002
District of Columbia  $71,496 Iowa  $44,971
Connecticut  $66,972 Oklahoma  $44,272
Massachusetts  $61,032 Florida  $44,101
New Jersey  $59,782 Ohio  $43,478
New York  $57,705 Louisiana  $43,252
Maryland  $56,127 Oregon  $42,974
Alaska  $55,940 Missouri  $42,752
Wyoming  $55,303 Michigan  $42,427
New Hampshire  $54,817 Nevada  $42,185
North Dakota  $54,376 Maine  $42,077
California  $52,651 Tennessee  $42,069
Virginia  $52,136 Montana  $41,280
Washington  $51,146 Indiana  $40,998
Minnesota  $50,541 North Carolina  $40,656
Colorado  $50,410 Georgia  $40,551
Rhode Island  $50,080 Arkansas  $39,107
Illinois  $49,471 Arizona  $39,060
Pennsylvania  $49,180 Utah  $39,045
Nebraska $48,006 Kentucky  $38,989
Vermont  $47,864 Alabama  $38,965
Hawaii  $47,753 New Mexico  $38,457
Delaware  $47,662 South Carolina  $38,041
Texas  $46,745 Idaho  $37,509
Kansas  $45,876 West Virginia  $37,047
Wisconsin  $45,617 Mississippi  $35,444

Compared to its surrounding states, Missouri ($42,752) ranked 5th in per capita personal income. Illinois ($48,120), Nebraska ($47,073), Kansas ($45,546), Iowa ($45,115) and Oklahoma ($43,138) had higher per capita income.

Percent CJange 2014

US PerCapita Map

 

 

Source:Bureau of Economic Analysis
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