income

KNAU and Arizona News
4:00 am
Mon April 2, 2012

AZ Personal Incomes Rising

The official report from the Bureau of Economic Analysis puts per capita  personal income in Arizona last year at $35,875. That's a 3.9 percent increase over the prior year. But that was not enough to keep pace with the rest of the nation were income went up 4.3 percent. The result is that Arizona remains in 40th place. Economist Tom Rex of Arizona State University said the numbers were to be expected.

"We're very, very cyclical in Arizona," said Rex. "I'm not surprised that we'd have another pretty mediocre year. Things will turn here over the next couple of years."

Read more