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