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Growth in personal income in Florida is sixth strongest in the country

The increase in personal income in Florida was sixth best in the nation.

 (AP Photo/Julie Jacobson) NYBZ155
The increase in personal income in Florida was sixth best in the nation.

 (AP Photo/Julie Jacobson) NYBZ155
Published Sep. 30, 2016

Times staff

Personal income in Florida rose 1.2 percent in the second quarter, the sixth-strongest performance in the country, according to government data released Wednesday.

With a total of $935 billion in personal income statewide, Florida trails only California ($2.17 trillion), Texas ($1.32 trillion) and New York ($1.19 trillion), the Bureau of Economic Analysis reported.

The single-largest component of income growth — higher earnings — rose 1.3 percent in Florida, led by higher earnings in health care.

Nationally, personal income grew 1 percent to $15.9 trillion while earnings grew 1.2 percent.

In Utah, the state with the fastest growth in personal income, earnings grew 1.5 percent, with transportation and warehousing earnings as the top contributor to growth.

Income growth is viewed as a major indicator of the country's economic health — that is, as long as inflation is kept in check and people have more disposable income.


  1. A pair of wood storks, left, and a large group of white ibis rest and feed in a wetland area off Loop Road in the Big Cypress National Preserve. Florida is home to more wetlands than any other state except Alaska. [DOUGLAS R. CLIFFORD | Times (2008)]
  2. People fill Community Cafe as drag queen Viktoria Sommers reads a Dr. Seuss book to children during Drag Queen Story Hour.  [Times (2019)]
  3. Tampa Electric Co. announced plans to double its solar capacity over the next three years.  Pictured is a Tampa Electric worker installing a solar panel on the roof of the Tampa International Airport economy parking garage in 2015. [James Borchuck | Times (2015)]
  4. Wawa and Coppertail partnered to create a craft beer that will only be at the gas station's Florida locations.
  5. The Publix at Channelside (pictured) opened in late August. Now the new store at Westshore in Tampa will open later this month. [OCTAVIO JONES   |   Times]
  6. Brian Davison is chief executive officer of Equialt, which bought this Safety Harbor home in a tax deed sale. The U.S. Securities and Exchange Commission contends in a new lawsuit that EquiAlt is a Ponzi scheme, and Davison has diverted investor funds for his own lavish personal spending. Times (2015)
  7. Daily recreations like this Bible scene at the Holy Land Experience in Orlando will end at the Christian theme park, which has been suffering from low attendance and debt for years.
  8. Madico spent $40 million developing its new corporate headquarters and factory on Belcher Road in Pinellas Park. [Amy Pezzicara | Pezz Photo]
  9. The developers of Avalon Park West in Wesley Chapel are planning a $736 million downtown core to accompany nearly 2,700 residences and 355,000 square feet of commercial and office space in a walkable neighborhood. . As part of the deal, Pasco County will consider kicking  in a $33 million 30-year incentive, mostly a tax rebate to help with infrastructure costs.
  10. Pasco County commissioners introduced an ordinance Tuesday governing upkeep of empty property after residents complained about the condition of the Links Golf Club in Hudson, which closed in June 2019.
  11. In this Aug. 8, 2015, file photo former owner of the San Francisco 49ers Edward DeBartolo, Jr., is interviewed before the Pro Football Hall of Fame ceremony at Tom Benson Hall of Fame Stadium in Canton, Ohio. President Donald Trump pardoned DeBartolo, who was convicted in gambling fraud scandal. (AP Photo/Gene J. Puskar, File)
  12. Outback Steakhouse at 4302 W. Boy Scout Blvd. near International Plaza and Bay Street. [Monique Welch | Times]