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Rockford incomes above the curve in 2015

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Rockford incomes above the curve in 2015

ROCKFORD – Rockford-area residents snapped a depressing streak in 2015, for the first time since 2009 the per-capita personal income of those living in Boone and Winnebago counties grew at a greater rate than the United States as a whole.

According to the U.S. Bureau of Economic Analysis, in 2015, Rockford residents made on average $39,674 in income from their jobs, rental properties, businesses and governmental sources including Social Security. That was a solid4.4 percent higher than the $38,039 per capita personal income in 2014. The United States’ per capita personal income grew at a rate of 3.3 percent, from $46,414 to $48,112.

The year 2015, was a good for most of America. Personal income grew in 2,552 counties and fell or was unchanged in just 561.

The news that for the first time in a while incomes in the Rockford metropolitan area was grower faster than the nation as a whole is a welcome one.

In the 1940s, 1950s and 1960s, Rockford was a boom town with middle class families living comfortably off the thousands of available manufacturing jobs. As late as 1979, the typical Rockford resident made more per year than the nation as a whole. Since 1979 though, personal income growth in Rockford has outpaced the U.S. just 10 times in 36 years and just four times since 2000 as the economy shifted toward more service and tech sector jobs.

Percent
change in per-capita personal income

Rank (in pct. ch.), metro area

Income 2014

Income 2015

Pct. ch. 13-14

Pct. ch. 14-15

1. Carson, Nevada

$39,875

$43,443

2.3%

8.9%

2. Yuma, Arizona

$29,262

$31,574

-0.2%

7.9%

3. Salinas, California

$46,438

$49,836

3.9%

7.3%

4. Sioux Falls, South Dakota

$50,221

$53,769

5.3%

7.1%

5. Vallejo-Fairfield, California

$41,602

$44,504

3.3%

7.0%

6. Napa, California

$57,528

$61,483

6.0%

6.9%

7. Santa Rosa, California

$50,181

$53,520

4.9%

6.7%

8. San Jose-Santa Clara, California

$76,555

$81,592

7.4%

6.6%

9. Farmington, New Mexico

$35,454

$37,777

6.2%

6.6%

10. Redding, California

$38,410

$40,882

5.9%

6.4%

 

United States

$46,414

$48,112

4.4%

3.7%

98. Rockford, Illinois

$38,039

$39,674

3.3%

4.3%

Bottom ten metro areas

 

 

 

 

373. Tyler, Texas

$50,325

$50,224

4.6%

-0.2%

374. Enid, Oklahoma

$45,253

$44,985

3.9%

-0.6%

375. Longview, Texas

$42,478

$42,118

4.2%

-0.8%

376. Jacksonville, North Carolina

$44,358

$43,952

1.4%

-0.9%

377. Tulsa, Oklahoma

$58,972

$57,727

7.7%

-2.1%

378. Houma-Thibodaux, Louisiana

$46,508

$45,390

5.5%

-2.4%

379. Lafayette, Louisiana

$44,428

$43,325

5.1%

-2.5%

380. Casper, Wyoming

$71,378

$68,692

12.8%

-3.8%

381. Odessa, Texas

$49,768

$45,806

9.0%

-8.0%

382. Midland, Texas

$118,695

$104,714

6.5%

-11.8%

Source: U.S. Bureau of Economic Analysis

 

 


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