BEA: Iowa ranked 49th in personal income growth
First, the bad news. Iowa’s 1.3 percent growth in personal income in 2014, over the year before, ranked next to last in the nation, the U.S. Bureau of Economic Analysis reported. Only Nebraska was worse, at 0.5 percent. Alaska and Oregon topped the nation at 5.7 percent. Now the good news, if you can call it that: Iowa still ranked 25th — right in the middle — for per capita personal income at $45,115. But that was below the national average of $46,129. The other states ranged from $62,467 in Connecticut to $34,333 in Mississippi. Inflation, as measured by the national price index for personal consumption expenditures, was 1.3 percent in 2014 and 1.2 percent in 2013.