Income & Saving

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.

The Bureau of Economic Analysis has completed its comprehensive update of state and local area personal income statistics, some reaching back as far as 1929.

Comprehensive, or benchmark, updates are performed approximately every five years. They provide the opportunity to incorporate newly available and revised source data and to introduce improvements in statistical methods. BEA’s full time series are updated to provide consistent comparisons over time.

Statistics on consumer spending in January, also known as personal consumption expenditures, have been rescheduled for release March 29 because of the effects of the temporary lapse in federal funding.

The U.S. Bureau of Economic Analysis typically releases each month’s personal income and spending data together in the Personal Income and Outlays report. However, because of delays in the availability of some source data, the schedule for income and outlay statistics will be temporarily misaligned.