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Tampa Bay income rose in 2010, but less than most of the country

Here's one more indicator that the country's weak economic recovery has been particularly feeble in the Tampa Bay area.

Personal income in the region rose 2.1 percent in 2010, far less than the national average and barely above an estimated 1.8 percent boost in inflation.

All told, the bay area's personal income totaled nearly $106 billion last year. Net earnings from payrolls were relatively flat, up less than 1 percent. However, nonwage income from transfer receipts, such as retirement and disability payments, rose 8 percent.

Nationally, income rose 2.9 percent last year after falling 1.9 percent in 2009, according to figures released Tuesday by the U.S. Department of Commerce. Elizabethtown, Ky., was the top-performing metro area, with income rising 10.1 percent thanks to government earnings growth, particularly for the military. Worst in the country: Grand Junction, Colo., which fell 0.9 percent.

The Tampa-St. Petersburg-Clearwater market ranked 294th out of 360 metro areas based on change in income. In 2009, during the peak of the recession, bay area income fell 1.5 percent.

Tampa Bay income rose in 2010, but less than most of the country 08/09/11 [Last modified: Tuesday, August 9, 2011 7:11pm]
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© 2017 Tampa Bay Times

    

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