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Personal income rose 5 percent in 2011

Personal income rose 5 percent in the Charleston metropolitan statistical area in 2011, according to estimates released by the U.S. Bureau of Economic Analysis.

The bureau said personal income in the area rose 2.3 percent in 2010. The area includes Kanawha, Clay, Boone, Lincoln and Putnam counties.

In West Virginia last year, personal income grew 4.1 percent in the Cumberland, Md.-W.Va. metropolitan statistical area; 5 percent in the Hagerstown-Martinsburg, Md.-W.Va. area; 3.9 percent in the Huntington-Ashland, W.Va.-Ky.-Ohio area; 5.1 percent in the Morgantown area; 4.8 percent in the Parkersburg-Marietta-Vienna, W.Va.-Ohio area; 4 percent in the Steubenville-Weirton, Ohio-W.Va. area; 5.3 percent in the Washington-Arlington-Alexandria, D.C.-Va.-W.Va. area; 5.6 percent in the Wheeling, W.Va.-Ohio area; and 5.6 percent in the Winchester, Va.-W.Va. area.

According to the bureau, personal income in the U.S. rose 5.2 percent last year.

The bureau said that last year, for the first time since 2007, personal income rose in all of the nation's 366 metropolitan statistical areas. Personal income growth last year ranged from 14.8 percent in Odessa, Texas, to 1 percent in Rochester, Minn.

Personal income is defined as the income received by all persons from all sources. The bureau's estimates are online at www.bea.gov.

 


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