Personal income rises in Kansas but trails other states
Kansans are putting more money in their pockets, but the extra income isn’t keeping up with increases for residents in other states.
Personal income rose by 1.4 percent in Kansas during the second quarter, according to a report released Tuesday by the U.S. Bureau of Labor Statistics. That rate of growth was surpassed by all but nine other states.
Nationwide, Americans’ personal incomes increased by 1.7 percent during April, May and June, when compared with the first three months of this year. Nevada, whose population is growing four times faster than the nation’s, topped the list at 2.3 percent; Louisiana, still dealing with repercussions from last year’s hurricanes, came in at 0.8 percent.
Incomes in Missouri increased by 1.8 percent during the quarter, ranking ninth among all 50 states.
Personal income covers all sources of revenue that a household might have, including wages, investment income and money from rental properties. Taken together, Kansans had $95.9 billion in personal income during the quarter, or less than 1 percent of the nation’s total.
The growth rate of 1.4 percent for personal incomes in Kansas was the highest for the second-quarter period in at least five years.