March 24, 2020
State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018. 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. The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.
- For the nation, earnings increased 4.5 percent in 2019. 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.
- Property income increased 2.3 percent in 2019. The percent change in property income ranged from 2.8 percent in Nevada, to 2.0 percent in Delaware, Mississippi, Oklahoma, and Texas.
- Transfer receipts increased 6.7 percent for the nation in 2019. The percent change in transfer receipts ranged from 9.2 percent in Idaho to 3.0 percent in New York.
For more information, read the full report.