Nevada Posts Third-Highest Personal Income Growth in 2017

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State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016, according to estimates released by the Bureau of Economic Analysis. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota.

Earnings increased 3.1 percent in 2017 and was the leading contributor to growth in personal income in most states, including the five fastest growing states—Washington, Idaho, Nevada, Utah, and Arizona. For the nation, earnings increased in 22 of the 24 industries for which BEA prepares estimates. Earnings growth in three industries—health care and social assistance; professional, scientific, and technical services; and construction—were the leading contributors to overall growth in personal income.

Construction was the leading contributor to the 4.3 percent earnings increase in Nevada. Construction earnings increased 13.2 percent in Nevada compared with 5.2 percent for the nation.

State personal income increased 1.1 percent on average in the fourth quarter of 2017, after increasing 0.8 percent growth in the third quarter. The percent change in personal income across all states ranged from 1.5 percent in Nevada to 0.2 percent in North Dakota.