Missouri 2017 Personal and Per Capita Income

In 2017, Missouri’s personal income was $266.9 billion, a 2.1 percent increase from the 2016 personal income, according to data from the U.S. Bureau of Economic Analysis (BEA). The nation’s personal income rose 3.1 percent annually to over $16.4 trillion.

Personal income is defined as the income received by all persons from net earnings, property interest income, and transfer payments. Personal income is measured before the deduction of taxes. Income figures are presented in nominal dollars for this analysis and are not adjusted for inflation. The reason that nominal dollars are provided, and not inflation adjusted dollars, is due to the two-year lag in the release of inflation adjusted income data from the BEA.

California led the nation in total personal income with more than $2.3 trillion. Texas, New York, Florida, and Illinois round out the top five; Missouri ranked 22nd in total state personal income.

2017 Personal Income 
(in thousands of dollars)
Rank Area Personal Income
  United States $16,413,550,863
1 California $2,303,870,496
2 Texas $1,328,682,534
3 New York $1,210,641,318
4 Florida $983,294,332
5 Illinois $676,053,010
6 Pennsylvania $667,117,752
7 New Jersey $563,339,400
8 Ohio $531,810,551
9 Virginia $459,448,879
10 Michigan $450,847,081
11 Massachusetts $451,994,165
12 Georgia $451,280,709
13 North Carolina $444,872,063
14 Washington $416,816,311
15 Maryland $360,250,668
16 Tennessee $297,292,992
17 Colorado $300,006,049
18 Minnesota $295,798,390
19 Indiana $294,440,455
20 Arizona $292,108,028
21 Wisconsin $277,316,642
22 Missouri $266,920,797
23 Connecticut $251,607,948
24 Louisiana $203,725,026
25 South Carolina $203,087,627

Wages & Salaries accounted for 61 percent of Missouri personal income in 2017. Transfer Payments accounted for 20 percent and Dividends, Interest & Rent accounted for 18 percent. The percentage breakdown of personal income has been consistent since the end of the last recession in 2009. The U.S. had 63 percent of personal income accounted for by Wages & Salaries, 17 percent by Transfer Payments and 19 percent by Dividends, Interest & Rent.

Per Capita Income 2016 of Missouri and Surrounding States

 

Per Capita Personal Income

Per capita income is defined as total personal income divided by total population. Per capita income in Missouri was $43,661 in 2017, up from $42,939 in 2016.

The District of Columbia led the nation in per capita income at $75,756, followed by Connecticut, Massachusetts, New Jersey, and New York; Missouri ranked 37th in the U.S.

Per Capita Income 2017
Area Dollars   Area Dollars
United States $50,392   Texas $46,942
District of Columbia $76,986   Florida $46,858
Connecticut $70,121   Oregon $46,361
Massachusetts $65,890   Iowa $45,996
New Jersey $62,554   Ohio $45,615
New York $60,991   Michigan $45,255
Maryland $59,524   Maine $45,072
California $58,272   Nevada $44,626
New Hampshire $57,574   Tennessee $44,266
Wyoming $56,724   Indiana $44,165
Washington $56,283   Montana $43,907
Alaska $56,042   Missouri $43,661
North Dakota $54,643   Louisiana $43,491
Virginia $54,244   Oklahoma $43,449
Colorado $53,504   North Carolina $43,303
Minnesota $53,043   Georgia $43,270
Illinois $52,808   Utah $42,043
Pennsylvania $52,096   Arizona $41,633
Hawaii $51,939   Arkansas $40,791
Rhode Island $51,503   Idaho $40,507
Vermont $51,114   South Carolina $40,421
Nebraska $50,395   Alabama $39,976
Delaware $49,125   Kentucky $39,393
South Dakota $48,281   New Mexico $39,023
Wisconsin $47,850   West Virginia $37,924
Kansas $47,603   Mississippi $36,346

Missouri’s per capita income annual growth rate of 1.7 percent was lower than the national average of 2.4 percent from 2016 to 2017. California had the highest per capita income annual growth at 3.5 percent. States, which also had relatively high levels of per capita income growth in 2017, included West Virginia (3.4 percent), Hawaii (3.1 percent), and Washington State (3.0 percent). Per capita income is presented in nominal dollars for this analysis, which means it has not been adjusted for inflation.

US PerCapita Map 2016-2017

Missouri’s per capita income growth generally tracks with that of the U.S. Missouri had two years of per capita income annual growth rates of less than 2.0 percent in 2016 and 2017 which followed two years of over 3.0 percent per capita income growth in 2014 and 2015.

 PerCapita Chart 2007-2016

 

 

 

Source: Bureau of Economic Analysis
Note-- All dollar estimates are in current dollars (not adjusted for inflation).


Return to the Top