June 22, 2017
Growth of real state personal income — a state’s current-dollar personal income adjusted by the state’sregional price parity (RPP) and the national personal consumption expenditure (PCE) price index —ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware.
- States with the fastest growth in real personal income were Delaware (7.0 percent), Oregon (6.1 percent), and California (6.1 percent). The District of Columbia’s real personal income grew 6.6 percent.
- The only state with declining real personal income was North Dakota (-2.3 percent). States withthe slowest growth in real personal income were Wyoming (0.5 percent), Nebraska (0.7percent), and Oklahoma (1.3 percent).
- States with the highest all items RPPs were Hawaii (118.8), New York (115.3), New Jersey(113.4), and California (113.4). The District of Columbia’s RPP was 117.0.
- States with the lowest all items RPPs were Mississippi (86.2), Alabama (86.8), and Arkansas(87.4).
- Across states, Hawaii had the highest rents RPP (163.4) and Alabama had the lowest (62.8).
For more information, read the full report.