PERSONAL INCOME OF COLORADO METRO grows between 2009 and 2010

Posted by DB Wilson on Tuesday, September 6th, 2011 at 3:07pm.

All but one of Colorado’s seven metropolitan areas saw personal income growth between 2009 and 2010, with Boulder ranking third among them, according to the U.S. Bureau of Economic Analysis.

 Colorado Springs’ personal income growth was the highest among Colorado metros at 4.56 percent, exceeding the national average increase of 2.9 percent.

The nationwide personal-income increase in 2010 followed a 1.9 percent decline in 2009, according to the BEA.

Boulder’s personal income grew from approximately $14.6 billion in 2009 to $15 billion in 2010, an increase of 2.61 percent. It ranked 128 in personal income and 219 in personal income growth.

The BEA defines personal income as wages (minus contributions for social security), rent received, dividends and interest, and “transfer receipts” such as unemployment benefits and stimulus funds.

Grand Junction tied for last in change of personal income with a decrease of 0.89 percent.

Here’s a look at all seven of Colorado’s metros’ personal income totals in 2010:

 

Colorado Metros Personal Income Growth

2009-2010

 

 

 

 

 

Metro Area

 

 

 

2009 Personal Income

 

 

 

2010 Personal Income

 

Personal Income Rank (of 366 metros)

 

 

 

Percentage Growth

 

 

Percentage Growth Rank

 

Boulder

 

$14,584,000,000

 

$14,964,000,000

 

128

 

2.61%

 

219

Colorado Springs

 

$24,048,000,000

 

$25,145,000,000

 

75

 

4.56%

 

40

Denver-Aurora-Broomfield

 

 

$118,961,000,000

 

 

$121,902,000,000

 

 

19

 

 

2.47%

 

 

247

Fort Collins-Loveland

 

 

$11,600,000,000

 

 

$11,292,000,000

 

 

151

 

 

2.73%

 

 

196

Grand Junction

 

$5,038,000,000

 

$5,083,000,000

 

264

 

-0.89%

 

366

 

Greeley

 

$7,194,000,000

 

$6,926,000,000

 

208

 

3.87%

 

66

 

Pueblo

 

$5,147,000,000

 

$4,970,000,000

 

259

 

3.56%

 

86

 

Source: U.S. Bureau of Economic Analysis

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