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Arkansas Personal Income Rises 3.1 Percent in 2014

1 min read

Average state personal income in the United States grew by 3.9 percent in 2014 from 2 percent in 2013, according to estimates by the U.S. Bureau of Economic Analysis. Personal income in Arkansas rose 3.1 percent in 2014 compared with 2013, from $108.6 billion to $112 billion, a gain that ranked it 36th in the nation, the report said.

Personal income is the sum of net earnings by place of residence, property income and personal current transfer receipts. Its growth ranged from 0.5 percent in Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013.

Arkansas’ preliminary per capita personal income rose to $37,751 in 2014 from $36,086 in 2013. That ranked Arkansas 43rd in the country. Per capita personal income is the total personal income of a state divided by the population of the state.

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