Special Report

16 States Where Incomes Are Rising Fastest

Source: johnnya123 / Getty Images

1. Utah
> 10-yr. personal income per capita growth: +39.0%
> Personal income per capita: $48,052 (10th lowest)
> 10-yr. employment growth: +29.6% (the highest)
> 10-yr. real GDP growth: +36.6% (3rd highest)

Real personal income per capita climbed by 39.0% in Utah over the last decade — from $34,576 in 2010 to $48,052 in 2020 — by far the largest percentage increase in the country. Increased workforce participation likely explains the surge in per capita income, as 47.1% of Utah’s population are employed, up from 42.8% in 2010 — the largest increase of any state.

Greater labor participation came along with the strongest job growth in the country. Between 2010 and 2020, employment climbed by nearly 30% in Utah, triple the comparable 9.1% U.S. job growth. Over the same period, unemployment in Utah fell from 7.8% to 4.7%. Professional and business services and construction were the two fastest growing industries by employment in Utah between 2010 and 2020.

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