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.