Friday, March 29, 2013

Oregon's Per Capita Personal Income Ranked 34th Among States in 2012

This week, the U.S. Bureau of Economic Analysis released 2012 per capita personal income (PCPI) figures for the U.S. and the states. Per capita personal income is the annual sum of all resident income in a geographic area divided by the number of residents in that area, as of July 1 each year.

The Oregonian ran a story on the PCPI numbers, noting that Oregon's personal income growth ranked in the top 10 among all states and the District of Columbia between 2011 and 2012. Still, at $38,786, Oregon's PCPI ranked 34th among all states. Oregon has maintained a relatively low PCPI ranking since the mid-1990s.

Among the western states, Oregon's PCPI fell in the middle of the pack. PCPI in Washington ($45,413) and California ($44,980) sat above the U.S. level of $42,693. Oregon's per capita personal income lagged the U.S., along with Nevada ($37,361) and Idaho ($33,749).
More information on per capita personal income is available from the BEA, The Oregonian article, or The Employment Department's articles and extended report on the topic.

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