Personal Income for Metropolitan Areas, 2005
Source: Bureau of Economic Analysis (USDoC)

Personal income growth was slower in 2005 than in 2004 in most of the nation’s metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. Despite the slowdown, 2005 per capita income grew faster than inflation (2.9 percent as measured by the national price index for personal consumption expenditure) in nearly three-fourths of the MSAs. The estimates for 2005 are based on a methodology developed by BEA to speed up the release of MSA personal income by seven months-one of BEA’s major goals in its strategic plan.

On average, personal income grew 5.0 percent in 2005, down from 6.0 percent growth in 2004 and per capita income grew 4.0 percent in 2005, down from 4.9 percent in 2004. The slowdown in personal income was evident in three-fourths of the MSAs.

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