Arkansas' Per Capita Income Up 5.6 Percent - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Arkansas' Per Capita Income Up 5.6 Percent

LITTLE ROCK, AR - Arkansas' per capita personal income increased 5.6 percent from 2006 to 2007, according to a report today at www.arkansasbusiness.com.  The Web site cites the U.S. Commerce Department's Bureau of Economic Analysis as its source.

According to the report, Arkansas' per capita income reached $30,060 in 2007, up from $28,773.

However, the figure is still much lower than the national average of $38,611.  The Arkansas number also puts it third from last among all 50 states.  Only West Virginia and Mississipp ranked lower.

Connecticut was ranked in the top spot, up 6.6 percent to $54,117.  New Jersey was second, up 5.3 percent to $49,194.

Nationwide, personal income grew 6.2 percent in 2007, down from 6.7 percent growth in 2006.

 

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