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MinnEcon Blog
Bill Catlin

MN per capita income growth outpaces US

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Minnesota's per capita personal income, a broad measure of prosperity, rose 3.7 percent (not adjusted for inflation) from 2011 to 2012, according to data from the U.S. Bureau of Economic Analysis. That's a faster pace than the U.S. total, which rose 2.7 percent.

Minnesota's income per person of $46,227 is $3,534 more than the national tally of $42,693.

Minnesota retained its ranking of eleventh among the 50 states in 2012. Minnesota has ranked among the top 10 of states only one year since 2004. From 2000 through that year, Minnesota was among the top 10 every year, notching the best ranking, seventh, in 2004.

Source: U.S. Bureau of Economic Analysis