MERIC NEWS LETTER

Personal Income Data for Metropolitan Areas Data Released

 

CityThe U.S. Bureau of Economic Analysis recently released personal income data for metropolitan statistical areas (MSA) for 2008. The average increase for MSA personal income was 3.3 percent from 2007 to 2008. The St. Louis MO-IL MSA had a personal income increase of 5.6 percent while Joplin closely followed with a 5.5 percent increase.

All but one MSA in Missouri had higher than average personal income growth from 2007 to 2008.

Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence, rental income of persons, personal dividend income, personal interest income, and personal current transfer receipts. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes).

Personal Income for Metropolitan Statistical Areas
Area Personal Income
Millions of dollars Percent change from preceding period
2006 2007 2008 2007 2008
United States 10,978,053 11,634,322 12,035,388 6.0 3.4
Metropolitan Portion of the United States 9,639,016 10,213,729 10,550,281 6.0 3.3
Missouri Metropolitan Statistical Areas          
Cape Girardeau-Jackson, MO-IL 2,569 2,723 2,806 6.0 3.1
Columbia, MO  5,028 5,288 5,521 5.2 4.4
Fayetteville-Springdale-Rogers, AR-MO  12,744 13,729 14,384 7.7 4.8
Jefferson City, MO  4,323 4,530 4,743 4.8 4.7
Joplin, MO  4,427 4,660 4,916 5.3 5.5
Kansas City, MO-KS  73,540 77,717 80,817 5.7 4.0
St. Joseph, MO-KS  3,394 3,593 3,743 5.9 4.2
St. Louis, MO-IL  104,204 110,192 116,394 5.7 5.6
Springfield, MO  11,657 12,343 12,829 5.9 3.9

Source: U. S. Bureau of Economic Analysis
 

                         

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