Triangle income growth outpaces nation
Published: Thu, Aug. 07, 2008 12:36PM
Modified Thu, Aug. 07, 2008 12:37PM
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closePersonal income growth in the Triangle last year outpaced the average rate among the nation’s metropolitan areas, but there was disparity between the major metros that make up this region.
In the Raleigh-Cary metropolitan statistical area, personal income rose 8.7 percent from 2006, according to data released today by the U.S. Bureau of Economic Analysis. That was down from a 9.5 percent rate the previous year.
The Durham MSA logged an 8.4 percent growth rate, up from 7.7 percent in 2006.
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Personal income is the money received by all people from all sources and is a measure of economic health in an area.
On average, personal income grew 6.2 percent last year in the nation’s MSAs. That was down from a 6.8 percent rate in 2006.
Overall, personal income growth slowed in 208 metro areas, increased in 144 and was unchanged in 11.
jonathan.cox@newsobserver.com or (919) 836-4948
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