Income growth ranks low

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The state's personal income growth was the second lowest in the nation, according to reports released Tuesday.

North Dakota's personal income growth in 2006 was 4 percent, ranking just above Michigan's national low of 3.1 percent, according to preliminary estimates released by the Bureau of Economic Analysis.

National personal income growth increased 6.3 percent in 2006, up from 5.2 percent in 2005, according to reports.

The state experiencing highest personal income growth in the nation was Louisiana at 19.4 percent, following an 8.7 percent decline in 2005. The increase is attributed to recovery from Hurricanes Katrina and Rita.

North Dakota didn't score too high on per capita income growth, either. The state was the fourth lowest in the nation, according to reports, increasing 3.8 percent in 2006.

Per capita income for North Dakota in 2006 was $32,552, the lowest in the Plains region. Minnesota had the highest per capita income in the region at $38,712.

National per capita income growth increased 5.2 percent in 2006, up from 4.2 percent in 2005. The national average for per capita personal income was $36,276.

Highest in the nation was Connecticut at $49,852, but Louisiana once again had the highest percentage growth, increasing 25.5 percent from the previous year.

Lowest per capita income in the nation:Mississippi at $26,535.

(Reach reporter Crystal Reid at 250-8261 or at crystal.reid@;bismarcktribune.com)

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