Special Report

States Where Incomes Are Booming (or Not)

16. Ohio
> Personal income growth (2008-2014):
10.4%
> Per capita personal income 2014: $43,941 (23rd highest)
> Unemployment rate: 5.7% (21st lowest)
> Pct. Change in labor force (2008-2014): -4.1% (3rd lowest)

Ohio’s personal income growth of 10.4% from 2008 through 2014 was the 16th fastest in the country. The growth in per capita terms of 9.6% was the third highest such figure in the country. While most states with faster-than-average income growth also had growing working-age populations, Ohio’s population aged 25 to 54 actually shrank by 6% from 2008 through 2013, nearly the largest such drop nationwide.

17. North Carolina
> Personal income growth (2008-2014):
10.1%
> Per capita personal income 2014: $39,849 (19th lowest)
> Unemployment rate: 6.1% (23rd highest)
> Pct. Change in labor force (2008-2014): 2.1% (19th highest)

Personal income in North Carolina grew 10.1% from 2008 through 2014, well above the national growth rate of 8.9%. North Carolina’s manufacturing sector accounted for 21.4% of the state’s GDP in 2013, down slightly from 2008, but still the third-highest such contribution in the country.

ALSO READ: The States With the Highest (and Lowest) Obesity Rates

18. Washington
> Personal income growth (2008-2014):
10.1%
> Per capita personal income 2014: $44,235 (18th highest)
> Unemployment rate: 6.2% (22nd highest)
> Pct. Change in labor force (2008-2014): 0.3% (24th lowest)

Personal income in Washington grew more than 10% from 2008 through 2014, faster than most states. The state’s information sector, which often provides relatively high-paying jobs, accounted for 10% of the state’s GDP in 2013, the highest such contribution nationwide and up from 2008. The state’s manufacturing industry added 7,418 jobs, an increase of 16% over that period, each among the largest such figures nationwide.

19. California
> Personal income growth (2008-2014):
9.7%
> Per capita personal income 2014: $40,864 (21st lowest)
> Unemployment rate: 7.5% (4th highest)
> Pct. Change in labor force (2008-2014): 3.5% (9th highest)

More income is generated in California than in any other state, with personal income totalling nearly $1.6 billion in 2014. While income grew 9.7% from 2008 through last year, faster than the national growth rate, California’s per capita income figure of $40,864 was just below the national level. The state’s 2014 annual unemployment rate of 7.5% was the fourth highest nationwide.

ALSO READ: The Least Healthy County in Each State

20. Delaware
> Personal income growth (2008-2014):
9.7%
> Per capita personal income 2014: $41,348 (23rd lowest)
> Unemployment rate: 5.7% (21st lowest)
> Pct. Change in labor force (2008-2014): 1.1% (23rd highest)

Personal income in Delaware grew 9.7% from 2008 through 2014, nearly 1 full percentage point faster than the nation. However, the state’s per capita income of $41,348 in 2014 was still just below the national figure. More than 42% of Delaware’s GDP came from the state’s finance, insurance, and real estate industries, the highest such contribution in the country and up from 2008.

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