June 22, 2017
Growth of real personal income for metropolitan areas — an area’s current-dollar personal income adjusted by its regional price parity (RPP) and the national personal consumption expenditure (PCE) price index — ranged from -10.1 percent in Midland, TX to 9.9 percent in Carson City, NV.
- Large metropolitan areas — those with population greater than two million — with the fastest growth in real personal income were San Francisco-Oakland-Hayward, CA (7.4 percent), Orlando-Kissimmee-Sanford, FL (6.5 percent), Riverside-San Bernardino-Ontario, CA (6.4 percent), and Sacramento-Roseville-Arden-Arcade, CA (6.4 percent).
- Large metropolitan areas with the slowest growth in real personal income were ClevelandElyria, OH (2.8 percent), Denver-Aurora-Lakewood, CO (2.8 percent), and Cincinnati, OH-KY-IN (3.0 percent).
- Large metropolitan areas with the highest all items RPP were New York-Newark-Jersey City, NY-NJ-PA (121.9), San Francisco-Oakland-Hayward, CA (121.9), and Washington-Arlington-Alexandria, DC-VA-MD-WV, (119.1).
- Large metropolitan areas with the lowest all items RPP were Cincinnati, OH-KY-IN (89.2), Cleveland-Elyria, OH (89.7), and St. Louis, MO-IL (90.6).
- Across large metropolitan areas, San Francisco-Oakland-Hayward, CA had the highest rents RPP (186.0) and Cleveland-Elyria, OH had the lowest (78.7).
For more information, read the full report.