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Georgia per capita income hit $34,800 last year | Business

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Georgia per capita income hit $34,800 last year
Business
Georgia per capita income hit $34,800 last year

ATLANTA -- Georgia ranks 21st among the states for per capita income growth over the past 35 years, according to data from the U.S. Bureau of Economic Analysis.

The Peach State's annual PCI growth rate was 5.61 percent from 1975 to 2010. PCI was $5,157 in 1975, compared with $34,800 in 2010.

In terms of total personal income (TPI), Georgia's growth rate was 7.59 percent. The TPI in 1975 was $26 billion, compared with $338 billion in 2010.

PCI is the average amount of money earned by a single person in a given year, while TPI is the sum earned by all people. Both measures take a broad definition of income, covering everything from wages to welfare checks.

MORE: Wealthiest areas in Georgia
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Over the past 35 years, Nevada and District of Columbia residents had the strongest income growth.

D.C. posted the sharpest growth in PCI, soaring from $8,034 in 1975 to $70,044 in 2010 -- an annual increase of 6.38 percent. Four New England states were the runners-up in long-term PCI growth: Massachusetts, New Hampshire, Vermont and Connecticut.

Nevada boosted its TPI at an annual pace of 9.36 percent, reaching a total of $99.85 billion by 2010. Arizona, Florida, Utah and Texas rounded out the top five in growth since 1975.

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