June 4, 2008
Roanoke's per capita income loses ground
Do you feel like your dollar doesn't go as far as it used it? You're not alone.
Economic figures released this spring by the federal government show Roanoke's per-capita personal income rising slower than others in the country.
According to data from the U.S. Bureau of Economic Analysis, the average personal income of those in the Roanoke metropolitan statistical area rose, on average, 4.3 percent a year from 1996-2006 to $33,693.
It's now ranks 133rd of the nation's 363 MSAs. The national average is $36,714.
In 1996, Roanoke's per capital personal income was $22,998, ranking it 125th. The national average rose more than 5 percent a year over the sane time.
Slow and steady growth, Roanoke's economy continues to show. Does that concern you at all?
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