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Personal income rises in twin cities

Wed, 28 Nov 2012 11:47:08 CST
By: Charlie Schlenker

Personal income rises in twin cities Personal income grew 334 million dollars in Bloomington Normal last year according to new figures from the U.S. Bureau of Economic Analysis. That's up nearly 5% and well ahead of the national average in spite of minimal increases in the government and education sectors.Federal figuresalso show Bloomington Normal residents had per capita income of just under $42,000 last year. That's a 4.5% bump from 2010, but the increase is far less than the 8% jump in per capita income reported for the Peoria area as the manufacturing and health care sectors recovered from the economic doldrums. Peoria has fewer college students than Bloomington Normal and that factor also helped elevate Peoria's per capita income to $43,600, which is more than $1,600 higher than per capita pay in the twin cities. Both are slightly above the national average. Peoria ranks 53rd of the 366 metro areas in the U-S. Bloomington Normal is 78th. Bridgeport, Connecticut area leading the nation's metro areas at more than $78,000 average income. McAllen, Texas is at the bottom of the list with per capita income of less than $22,000 last year. Total personal income in Bloomington Normal last year topped $7.1 billion and in Peoria the figure is nearly $16.6 billion.
   

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