Colorado 15th nationally in per capita income in 2011

The US Department of Commerce recently released 2011 state level per capita income estimates. Average incomes in Colorado were $44,088, placing the state 15th overall. The US average was $41,663.

The top-5 is comprised of states in the Bos-Wash Corridor. Number 6 is our neighbor to the north. Per capita incomes in Colorado are nearly $12,000 higher than Mississippi.

The good news is that Colorado per capita incomes are up 4.2 percent from a year ago. This outpaced inflation, which was about 3 percent. The upshot of incomes growing faster than inflation is that average living standards are improving.

Still, inflation adjusted median household incomes in Colorado remain below historical highs….the state is seeing better times, but we have still fallen behind.

More on the sources of growth later…

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