Tuesday, March 24, 2009

Per capita income slows in Florida

Business - MiamiHerald.com: "sandron@MiamiHerald.com

Per capita income rose slower than inflation in Florida last year, meaning the average person was effectively earning less, according to federal statistics released Tuesday.

The Sunshine State ranked 45th among the 50 states for growth in per-person income, according to the numbers from the Commerce Department.

Per capita income is the total earned by all people, from all sources, in a geographic area, divided by the number of people who live there.

In Florida, the figure for last year was $39,070, up 1.7 percent from $38,417 the previous year."


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