Disposable income in Texas increased 15 percent over a five-year span.
Disposable income in Texas increased 15 percent over a five-year span, an analysis shows.
Texas' per capita disposable personal income increased from $31,844 in 2006 to $36,631 in 2011, data from the U.S. Bureau of Economic Analysis shows. However, that increase only ranks Texas No. 19 among the 50 states and Washington, D.C., the Business Journals? On Numbers reports.
The Dakotas experienced the largest increases. North Dakota?s per capita disposable personal income increased from $29,891 to $42,492 ? a jump of 42.16 percent ? and South Dakota?s increased 32.58 percent, from $31,024 to $41,133.
The District of Columbia, Iowa and Nebraska rounded out the top five, with increases of 23.62 percent, 23.37 percent and 21.26 percent, respectively.
No other state experienced an increase of more than 20 percent. Nationwide, disposable personal income increased 11.7 percent, nearly equal to the inflation rate of 11.6 percent.
Nevada was the only state to experience a decrease in disposable income, slipping 2.3 percent.
Disposable personal income is defined as all money received from all sources, minus federal, state and local income taxes and motor vehicle taxes (property and sales are not excluded), On Numbers reports.
Olivia Pulsinelli is the web producer for the Houston Business Journal's award-winning website.
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