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Indiana income growth falls behind-again

March 28, 2007

Hoosiers saw per-capita personal income rise 4.3 percent in 2006, but the increase lagged behind the 5.2 percent gain of the U.S. and marked the second year in a row in which the state ranked 33rd in growth.

The figure increased to $32,526 in Indiana while Americans as a whole saw their incomes rise to $36,276.

Since the 1970s, Indiana income growth has stagnated or fallen behind the nation as the economy struggles to replace core manufacturing jobs lost to technology and offshoring.

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