Real Personal Income for States and Metropolitan Areas: 2008-2012

"Real personal income across all regions rose by an average of 2.3% in 2012. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national PCE price index. On a nominal basis, personal income across all regions grew an average of 4.2% in 2012. In 2012, the U.S. PCE price index grew 1.8%.

Growth in real state personal income from 2011 to 2012 ranged from a decline of 1.2% in South Dakota to an increase of 15.1% in North Dakota. These growth rates reflect the year-over-year change in the state’s nominal personal income, the change in the national PCE price index, and the change in the regional price parity for that state. After North Dakota, the states with the largest growth rates were Montana (3.7%), Indiana (3.7%), California (3.4%), and Mississippi (3.4%). South Dakota was the only state with a decline in real personal income..." Real personal income