State Annual Personal Income, 2019 (Preliminary) and State Quarterly Personal Income, 4th Quarter 2019
State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (table 1). In 2019, increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states and the District of Columbia (table 2). The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.
Earnings. For the nation, earnings increased 4.5 percent in 2019; increasing in all 24 industries for which BEA prepares estimates (table 4). Earnings growth in three industries—professional, scientific, and technical services; health care and social assistance; and state and local government—were the leading contributors to overall growth and were leading contributors to growth in the five fastest growing states—Colorado, Utah, Idaho, Arizona, and New Mexico.
- Professional, scientific, and technical services was the leading contributor to the earnings increase in Colorado and Utah (table 3).
- Health care and social assistance was the leading contributor to the earnings increase in Idaho and Arizona.
- State and local government was the leading contributor to the earnings increase in New Mexico.
Property income (dividends, interest, and rent). Property income increased 2.3 percent in 2019, after increasing 8.4 percent in 2018. The percent change in property income ranged from 2.8 percent in Nevada, to 2.0 percent in Delaware, Mississippi, Oklahoma, and Texas (table 2).
Personal current transfer receipts. Transfer receipts increased 6.7 percent for the nation in 2019, after increasing 4.3 percent in 2018. The percent change in transfer receipts ranged from 9.2 percent in Idaho to 3.0 percent in New York.
State Personal Income, Fourth Quarter 2019
State personal income increased 3.0 percent at an annual rate in the fourth quarter of 2019, after increasing 2.8 percent in the third quarter (table 5). The percent change in personal income across all states ranged from 4.7 percent in Michigan to 1.1 percent in North Dakota. Earnings increased 3.6 percent nationally and was the leading contributor to growth in personal income in most states (table 6).
Earnings increases in durable goods manufacturing in Michigan, and in eight other states—Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Tennessee, and Texas—in part, reflect ratification of new contracts between auto manufacturers and members of the United Auto Workers (UAW) union.
Today, BEA also released revised quarterly estimates for 2019:Q1-2019:Q3. Updates were made to incorporate source data that are more complete and more detailed than previously available and to align the states with revised national estimates. BEA also released revised quarterly estimates of population and per capita personal income for 2010:Q1-2019:Q3, and revised annual estimates of population and per capita personal income for 2010-2018.
Next release: June 23, 2020 at 8:30 A.M. EDT
State Personal Income, First Quarter 2020