The Bureau of Economic Analysis (BEA) today released its estimates of personal income growth in 2010 (pdf).
If you’re thinking that your own very personal income growth was nothing to crow about, the BEA agrees.
If you peer closely at the featured graphic for this article, you’ll see that Orange County falls in the fourth quintile for personal income growth nationally.
If grades were assigned for personal income growth, Orange County would receive a D for barely passing — at least the growth was positive, in the range of 2.1% to 3.1%. That’s well below the average national growth rate of 3.7%.
That’s about in line with inflation, so we here in Orange County ran as fast as we could just to keep from falling behind.
If you would like to feel jealous, direct your envy to the northern coastal regions of the state. According to the BEA, Marin ($82,936), San Francisco ($70,190) and San Mateo ($67,964) Counties had the highest per capita personal income in the entire Far West region comprised of Alaska, Hawaii, Washington, Oregon, California and Nevada.
Graphic of personal income growth in 2010 in the Far West region courtesy of the BEA.