March 24, 2016
State personal income grew 0.8 percent on average in the fourth quarter of 2015, down from 1.0 percent in the third quarter. Thirty-three states, including the four largest states California, Texas, Florida, and New York had slower growth in personal income in the fourth quarter than in the third quarter. Growth rates ranged from -0.1 percent in Wyoming, Oklahoma, and Nebraska to 1.3 percent in Michigan. Growth in Michigan, and eight other states (Missouri, Kentucky, Ohio, Illinois, Texas, Indiana, Kansas, and Tennessee) was boosted by bonuses paid to workers represented by the United Auto Workers for ratifying new contracts.
Fourth Quarter 2015 State Personal Income Growth and Ranks
State | Growth | Rank |
---|---|---|
Alabama | 0.7 | 31 |
Alaska | 0.3 | 46 |
Arizona | 0.9 | 11 |
Arkansas | 0.5 | 39 |
California | 1.0 | 5 |
Colorado | 1.0 | 5 |
Connecticut | 0.7 | 25 |
Delaware | 0.7 | 26 |
District of Columbia | 1.0 | -- |
Florida | 0.8 | 23 |
Georgia | 0.9 | 13 |
Hawaii | 1.0 | 4 |
Idaho | 0.4 | 40 |
Illinois | 1.0 | 9 |
Indiana | 1.1 | 3 |
Iowa | 0.2 | 47 |
Kansas | 0.3 | 44 |
Kentucky | 1.2 | 2 |
Louisiana | 0.8 | 21 |
Maine | 0.6 | 34 |
Maryland | 0.9 | 12 |
Massachusetts | 0.9 | 15 |
Michigan | 1.3 | 1 |
Minnesota | 0.8 | 20 |
Mississippi | 0.5 | 37 |
Missouri | 0.9 | 14 |
Montana | 0.4 | 41 |
Nebraska | -0.1 | 48 |
Nevada | 1.0 | 7 |
New Hampshire | 0.8 | 19 |
New Jersey | 0.8 | 18 |
New Mexico | 0.8 | 24 |
New York | 0.5 | 38 |
North Carolina | 0.7 | 28 |
North Dakota | 0.4 | 42 |
Ohio | 0.9 | 17 |
Oklahoma | -0.1 | 49 |
Oregon | 0.3 | 43 |
Pennsylvania | 0.7 | 27 |
Rhode Island | 0.7 | 29 |
South Carolina | 0.9 | 16 |
South Dakota | 0.6 | 33 |
Tennessee | 1.0 | 8 |
Texas | 0.7 | 30 |
Utah | 0.8 | 22 |
Vermont | 0.6 | 32 |
Virginia | 0.9 | 10 |
Washington | 0.6 | 35 |
West Virginia | 0.3 | 45 |
Wisconsin | 0.5 | 36 |
Wyoming | -0.1 | 50 |