PROVIDENCE – Personal income per capita in the Providence-Warwick-Fall River metropolitan area was $52,271 in 2017, a 3.8 percent increase year over year from $50,353 in 2016.
The per capita income in the metro area ranked No. 71 among U.S. metro areas, while the area’s 3.8 percent growth rate from 2016 to 2017 ranked No. 105, according to the Bureau of Economic Analysis Thursday.
The metropolitan area’s personal income per capita was slightly lower than Rhode Island’s earnings at $52,786 in 2017. Earnings in the Ocean State increases 3.9 percent year over year from $50,806 per capita in 2016.
Of Rhode Island’s five counties, Bristol County had the highest per capita personal income in 2017 at $76,148, a 4.4 percent year-over-year increase, also the largest percentage increase from 2016 to 2017 of any county in the state.
The second-highest per capita personal income in 2017 was in Newport County, which had $64,599 of personal income per capita, a 4 percent increase year over year. The percentage increase ranked No. 3 among Rhode Island counties.
Washington County had the third-highest personal income per capita in Rhode Island at $62,357 in 2017, but its 3.8 percent year-over-year increase was tied for last in the Ocean State.
Kent County had the fourth-highest annual personal income per capita in the state for 2017 at $56,996, a 4.2 percent increase over the year (ranking the county No. 2 for year-to-year percentage growth).
Providence County had the lowest per capita personal income for 2017 with a reported $46,470, a 3.8 percent increase year over year from $44,772. The percentage increase from 2016 to 2017 tied with Washington County for the lowest in the state.
Bristol County, Mass., ranked No. 12 among the Bay State’s 14 counties with personal income per capita of $51,298, a 3.6 percent increase year over year (which itself ranked as the seventh-fastest growth rate in the Bay State). Nantucket ranked No. 1 in Massachusetts for 2017 at $119,379 of personal income per capita, while all of Massachusetts had per capita personal income of $67,630.
The BEA said that personal income increased in 2,787 counties in the United States, decreased in 318 and was unchanged in eight counties in 2017. Metropolitan areas of the country experienced a 4.5 percent increase in personal income per capita from 2017 to 2017 while non-metropolitan areas experienced 3.2 percent growth year over year.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.