Kansas City and St. Louis MSA’s Rank High in Per Capita Personal Income
The Kansas City and St. Louis Metropolitan Statistical Areas (MSA's) ranked in the top 70 in per capita personal income among the 363 MSA's in the country. Kansas City ranked 62nd in the U.S. with per capita personal income of $37,748 and St. Louis ranked 69th with $37,263 in 2006.
Each of Missouri's seven MSA's had an increase of at least $1,000 from 2005-2006, with Kansas City experiencing the largest increase ($1,979), followed by St. Joseph ($1,874), St. Louis ($1,690), and Columbia ($1,467). The U.S. had a $1,836 increase and the metropolitan portions of the country averaged a $1,969 increase.
2006 Per Capita Personal Income
|Area||Dollars||Percent change||Per Capita Personal Income Rank in U.S.|
|Kansas City, MO-KS||$35,769||$37,748||$1,979||5.5||62|
|St. Louis, MO-IL||$35,573||$37,263||$1,690||4.8||69|
|St. Joseph, MO-KS||$26,528||$28,402||$1,874||7.1||291|
|MSA portion of the U.S.||$36,140||$38,109||$1,969||5.4||--|
Notes: P=Preliminary; Percent change based on unrounded figures
The St. Joseph MSA ranked the highest in percentage increase among the Missouri metros and 27th in the country with a 7.1 percent increase. Kansas City was next with a 5.5 percent increase, followed by St. Louis MSA (4.8%), Columbia (4.7%), and Joplin (4.6%).
Nationally, per capita personal income rose 5.3 percent. New Orleans-Metairie-Kenner, LA MSA had the largest increase by a wide margin, increasing 89.7 percent from 2005-06. This follows a 34 percent decrease the previous year-to-year comparison for this metro.
This upward trend in per capita personal income growth is seen along the gulf coastal region affected by Hurricane Katrina, as six of the nine highest growth rates occurred in this area.
The highest per capita personal income was in the San Francisco-Oakland-Freemont MSA with $55,801. Other MSA's with high income were San Jose-Sunnyvale-Santa Clara, CA ($53,533), Naples-Marco Island, FL ($53,265), Washington-Arlington-Alexandria, DC-VA-MD-WV ($51,207), and Boston-Cambridge-Quincy, MA-NH ($50,085).
Source: Bureau of Economic Analysis