Area personal income increasing but lags national average

Total personal income in the Colorado Springs Metropolitan Statistical Area during 2007 increased by 3.7 percent from 2006, according to figures released today by the Bureau of Economic Analysis.

The Colorado Springs MSA population of 607,858 ranked 83rd out of 366 MSAs in the nation.

In 2007 Colorado Springs had a per capita personal income of $35,717, placing it at 124th nationally, and at 92 percent of the national average, $38,615.

During 1997, the PCPI of Colorado Springs was $23,979 and ranked 127th in the United States. While overall national PCPI grew at a rate of 4.3 percent annually, the Springs lagged slightly at 4.1 percent.

Nationally, per capita personal income (personal income divided by population) ranged from $8,579 in Loup County, Nebraska to $132,728 in Teton County, Wyoming.