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Alaska: still better than the average.

The U.S. Bureau of Economic Analysis calculates average personal income for each state. Personal income is calculated as the sum of one's wages and salary, plus income from interest and rental property, less contributions for government social insurance. All estimates of state personal income are in current dollars (not adjusted for inflation).

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The data can be compared in different ways. Frequently, the income levels may be shown in whole dollars and compared to another state, or the U.S. average. The chart shows personal wages as a percentage of personal income in the United States, with the national average as the baseline. It allows the data to clearly illustrate the highest and lowest levels of personal income across the United States.

Since 1984, Alaska has typically been well above the national average in personal income. Although it continued along a decreasing trend until 2000, it was 4 percent above the national average in 2007.

Source: U.S. Bureau of Economic Analysis

Alaska Trends, an outline of significant statewide statistics, is provided by the University of Alaska Center for Economic Development and sponsored by American Fast Freight.

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Title Annotation:Alaska Trends
Comment:Alaska: still better than the average.(Alaska Trends)
Author:Ainsworth, Joel
Publication:Alaska Business Monthly
Article Type:Brief article
Geographic Code:1USA
Date:Mar 1, 2010
Words:189
Previous Article:Utilities.
Next Article:Alaska trends: sponsored by Pacific Pile & Marine.
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