Local area personal income, 1999-2001

BEA recently released the results of this year's annual revision of personal income for counties, metropolitan areas, and BEA economic areas. These estimates incorporate the results of the most recent annual revision of state personal income and newly available county-level source data. In 2001, the gap in personal income growth rates for urban and rural areas narrowed to its smallest amount since 1996. Personal income in metropolitan areas increased 3.4 percent, and personal income in nonmetropolitan areas in creased 2.9 percent. Despite a decline in 2001, the San Francisco, CA, metropolitan area again had the highest per capita personal income, at $57,714. Ofthe counties with population exceeding 50,000, Loudoun County, VA, had the fastest growth in personal income, at 12.5 percent. New York County (Manhattan), NY, again had the highest per capita personal income, at $92,984.