Personal Incomes Climb 4.9 Percent
Iowa, South Dakota and North Dakota, helped by record crop production last year, led the way as personal income in the nation rose 4.9 percent, the Commerce Department reported Thursday.
The Great Lakes states also had an outstanding year, helped by a surge in production of cars and other big-ticket durable goods, the department said.
Personal income increases in a dozen states were at least a full percentage point above the 4.9 percent national average.
Iowa had the best showing, as personal income jumped 10.9 percent, followed by South Dakota, 9.5 percent, and North Dakota, 8.6 percent.
Others in the top 12: Michigan, 8.5 percent; Mississippi, 7.4 percent; Minnesota, 7 percent; West Virginia, 6.4 percent; Ohio and Louisiana, 6.3 percent; Wisconsin and Indiana, 6.1 percent; and Missouri, 5.9 percent.
The slowest growing states were Colorado, 3.9 percent; Washington, 3.8 percent; Texas, 3.7 percent; Wyoming, 3.6 percent; Alaska, 3.1 percent; Montana, 2.8 percent; California, 2.7 percent; and Hawaii, 2.4 percent.