Increases in earnings, property income (dividends, interest and rent), and transfer receipts contributed to personal income growth in all states (table 2).
Earnings. Earnings increased 4.4 percent in 2018 and was the leading contributor to growth in the five fastest growing states—Washington, Utah, Nevada, Colorado, and Arizona.
- Information was the leading contributor to the earnings increase in Washington (table 3).
- Professional, scientific, and technical services was the leading contributor to the earnings increase in Utah and Colorado.
- Construction was the leading contributor to the earnings increase in Nevada and Arizona.
Property income (dividends, interest, and rent). Property income increased 4.9 percent in 2018, after increasing 4.7 percent in 2017. The percent change in property income ranged from 6.0 percent in Washington and Utah, to 3.3 percent in New Mexico (table 2).
Personal current transfer receipts. Transfer receipts increased 4.2 percent for the nation in 2018, after increasing 2.9 percent in 2017. The percent change in transfer receipts ranged from 9.3 percent in Alaska to 1.7 percent in the District of Columbia.
Fourth quarter personal income. State personal income increased 5.2 percent at an annual rate in the fourth quarter of 2018, after increasing 4.4 percent in the third quarter (table 5). The percent change in personal income across all states ranged from 12.9 percent in South Dakota to 2.8 percent in New York. Earnings increased 5.1 percent nationally and was the leading contributor to growth in personal income in every state (table 6).
State Personal Income, First Quarter 2019