Wednesday, September 16, 2015

GDP Growth Has Outpaced Median Income Growth At State Level

The Pew Trust released state level data on output per person and median household income between 2000 and 2013.  Output per person has grown in every state while median household income has declined in almost every state.  The gap between GDP growth and median household income is much higher in states like North Dakota that have experienced a boom from capital intensive investments in energy extraction.  Median income growth in North Dakota has been positive but output per person has grown much faster than income growth.  The article includes an interactive graph that provides state level detail on GDP per capita growth and growth in median household income.  The graph below is not interactive.

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