Tulsa metro's personal income grows in 2011
By Staff Reports
Monday, November 26, 2012
The Tulsa metro’s personal income rose in 2011 just as it did for all 366 metropolitan statistical areas in the United States, according to data released Monday by the U.S. Bureau of Economic Analysis.
Last year marked the first time since 2007 that all of the nation’s metros saw their personal income rise, the agency reported.
Personal income is a measure of the income received by all residents from all sources. In addition to wages and salaries, it includes employer-provided health insurance, dividends and interest income, Social Security benefits and other types of income.
Nationwide, personal income growth ranged from 14.8 percent in Odessa, Texas, to 1.0 percent in Rochester, Minn.
The Tulsa metro’s total personal income of $39.9 billion in 2011 represented a 7.6 percent increase from $37.2 billion in 2010. Its total personal income ranked 55th out of all the U.S. metros, according to the BEA.
Last year, the seven-county Tulsa metro saw its per capita personal income rise to $42,236 from $39,529 in 2010.