March 26, 2019

State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.

State Personal Income March 26
  • Increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states.
  • Earnings increased 4.4 percent in 2018 and was the leading contributor to growth in the five fastest growing states—Washington, Utah, Nevada, Colorado, and Arizona.
  • Property income increased 4.9 percent in 2018, after increasing 4.7 percent in 2017. The percent change in property income ranged from 6.0 percent in Washington and Utah, to 3.3 percent in New Mexico.
  • Transfer receipts increased 4.2 percent for the nation in 2018, after increasing 2.9 percent in 2017. The percent change in transfer receipts ranged from 9.3 percent in Alaska to 1.7 percent in the District of Columbia.

For more information, read the full report