Personal incomes in Colorado rose 5.1 percent last year, a rate of increase that outpaced the 4.6 percent increase seen in the United States, according to the Bureau of Economic Analysis.
Per capita personal income in Colorado last year was $37,946, up from $36,113 in 2004.
Colorado moved from ninth to eighth place among U.S. states in per capita personal income, which was 110 percent of the national average.
Personal income includes wages, rents, dividend and interest payments, and government transfers to individuals.
Colorado’s gain in personal income outpaced inflation, which rose 2.1 percent in the Denver-Boulder area, according to the Bureau of Labor Statistics.
But Colorado lagged its Rocky Mountain neighbors, in particular Wyoming, which ranked first nationally with a 7.3 percent growth rate in personal income, and Montana, which came in third with a 6.3 percent rate of growth.
