Colo. income growth rate lags national average

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From 1999 to 2009, Colorado’s per capita personal income has not kept pace with the rest of the nation’s.

The state’s growth rate was 2.9 percent, during that time period, while the nation’s was 3.3 percent.

Although the state was 106 percent of the national average in 2009, with $41,344 per capita income, this represents a decline of 3.9 percent from 2008.

The Bureau of Economic Analysis released the latest data today, which showed that in 1999, per capita income in Colorado was $30,919, which ranked the state seventh in the United States.

In 2009, the state ranked 15th in the nation, when the national average was $39,138.

Nationally, per capita personal income declined 2.6 percent from 2008.