Personal income growth lags national trends
Preliminary figures from the U.S. Bureau of Economic Analysis show that real personal income grew in Maine from 2010 to 2011, but only outpaced Mississippi on a statewide and per capita basis.
The latest release estimates Maine's real personal income grew 1.4% from 2010 to 2011, from $45.3 billion to $45.9 billion.
On a per capita basis, the latest estimate also shows Maine's real personal income increasing 1.4% from 2010 to 2011, from $34,100 to $34,600.
The figures estimate personal income rose by an average of 2.7% nationwide in 2011 over 2010. The estimates indicate the smallest increase was in Mississippi, at 1.3% growth from 2010 to 2011, and the largest increase was in South Dakota, at 10.4% growth from 2010 to 2011.
After Maine, the states with the next smallest personal income growth rates were Rhode Island (1.5%), Vermont (1.6%) and New Mexico (1.6%).
The estimates released today are subject to revisions sometime next year, based on feedback from data users.
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