US Commerce Dept: Austin, Orlando and San Jose Lead Large MSAs in 2021 Income Growth

dimondpark · #1 Posted **Nov 22, 2022, 11:13 PM**

This data was released last week, and is total personal income, not to be confused with GDP data, which is set to be released next month.

Still, this gives us an interesting look at a major measure of economic well being.

**Metro Areas that had an annual population loss in red.

Metro Areas(MSAs) Personal Income Annual Percentage Growth, 2020-2021:
Austin +12.49%
Orlando +10.84%
San Jose +10.42%
Miami +10.25%
Nashville +9.72%
Las Vegas +9.71%
Tampa +9.52%
San Francisco +9.36%
Dallas +9.30%
Riverside +9.01%
Denver +9.07%
Charlotte +8.78%
San Antonio +8.29%
Indianapolis +8.27%
Seattle +8.06%
Atlanta +7.97%
Phoenix +7.90%
Virginia Beach +7.41%
Chicago +7.26%
Bridgeport +7.15%
Houston +7.08%
Providence +7.01%
Milwaukee +6.72%
San Diego+6.72%
Sacramento +6.65%
Los Angeles +6.44%
Columbus +6.38%
New York +6.37%
Boston+6.22%
Cincinnati +6.18%
Minneapolis +6.18%
Baltimore +6.14%
St Louis +5.93%
Cleveland +5.91%
Kansas City +5.90%
Philadelphia +5.89%
Washington DC +5.70%
Pittsburgh +5.22%
Detroit +5.06%

Metro Areas(MSAs) Total Annual Personal Income Change in billions of dollars, 2020-2021:
New York +$100.880B
Los Angeles +$59.657B
San Francisco +$48.967B
Chicago +$46.387B
Dallas+$44.063B
Miami +$41.651B
Houston +$30.915B
Atlanta +$28.679B
Washington DC +$27.724B
Seattle +$26.772B
Boston +$26.495B
San Jose +$25.937B
Philadelphia +$25.115B
Phoenix +$21.120B
Riverside +$19.561B
Denver +$19.324B
Austin +$18.646B
Tampa +$16.330B
Minneapolis +$15.549B
San Diego +$15.039B
Orlando +$13.989B
Charlotte +$13.542B
Detroit +$12.824B
Nashville +$12.489B
Las Vegas +$11.829B
Baltimore +$11.591B
San Antonio +$10.695B
Indianapolis +$10.691B
St Louis +$10.186B
Sacramento +$9.929B
Cincinnati +$8.305B
Bridgeport +$8.164B
Pittsburgh +$7.684B
Columbus +$7.725B
Kansas City +$7.526B
Cleveland +$7.184B
Providence +7.093B
Virginia Beach +$7.063B
Milwaukee +$6.495B

Top 25 Metro Areas by Personal Income in millions of dollars(Per Capita), 2021:
New York $1,683,010($85,136)
Los Angeles $985,473($75,821)
Chicago $684,641($71,992)
San Francisco $571,947($123,711)
Dallas $517,778($66,727)
Washington DC $513,737($80,822)
Houston $467,267($64,837)
Boston $452,212($92,290)
Philadelphia $450,818($72,379)
Miami $447,874($73,522)
Atlanta $388,423($63,219)
Seattle $358,128($89,274)
Phoenix $288,401($58,308)
San Jose $266,156($136,338)
Detroit $266,123($60,965)
Minneapolis $265,391($71,912)
San Diego $238,691($72,637)
Riverside $232,444($50,834)
Denver $232,306($78,150)
Baltimore $200,073($70,490)
Tampa $187,745($58,315)
St Louis $181,956($64,759)
Portland $171,728($68,374)
Austin $167,896($71,372)
Charlotte $167,617($62,056)

data from bea.gov

dimondpark · #2 Posted **Nov 22, 2022, 11:17 PM**

Top 25 Counties by Per Capita Income, 2021:
Teton, WY $318,297
Pitkin, CO $198,939
New York, NY $195,543
Summit, UT $183,972
Marin, CA $164,118
San Francisco, CA $164,118
San Mateo, CA $160,485
Bristol Bay Borough, AK $155,155
Santa Clara, CA $138,724
Union, SD $134,811
Blaine, ID $134,722
Fairfield, CT $134,722
Midland, TX $126,378
Glasscock, TX $124,963
Sherman, TX $122,945
Westchester, NY $119,705
Collier, FL $117,984
Loving, TX $115,158
Somerset, NJ $113,975
Goochland, VA $110,781
McMullen, TX $110,273
San Miguel, CO $109,136
King, WA $108,212
Denali Borough, AK $107,767

*Inflow is income of earned by residents that work in another county, Outflow is income earned by workers who live in another county

Top 20 Counties by Gross Inflow of Earnings in millions of dollars, 2021:
Alameda, CA $60,078
Kings, NY $56,938
Queens, NY $49,700
Contra Costa, NY $48,075
Nassau, NY $43,523
Westchester, NY $40,133
Middlesex, MA $37,780
San Mateo, CA $37,363
Fairfax, VA $37,363
Norfolk, MA $31,974
Fairfield, CT $30,995
Denton, TX $30,864
Bergen, NJ $30,690
Orange, CA $29,638
Los Angeles, CA $29,409
San Francisco, CA $29,329
Collin, TX $29,319
Cook, IL $29,268
Riverside, CA $28,648
Santa Clara, CA $28,190

Top 20 Counties by Gross Outflow of Earnings in millions of dollars, 2021
New York, NY $268,828
San Francisco, CA $94,628
Dallas, TX $84,206
Washington, DC $68,943
Santa Clara, CA $67,158
Suffolk, MA $65,924
Cook, IL $64,657
Harris, TX $62,538
Los Angeles, CA $56,136
Fulton, GA $54,859
Middlesex, MA $48,206
San Mateo, CA $44,170
Fairfax, VA $43,002
Hennepin, MN $36,901
King, WA $35,981
Alameda, CA $35,729
Queens, NY $30,932
Denver, CO $30,683
Philadelphia, PA $29,694
Orange, CA $29,491

dimondpark · #3 Posted **Nov 22, 2022, 11:18 PM**

Top 25 Metro Areas by Average Compensation Per Job, 2021:
San Jose $202,862
San Francisco $154,445
Bridgeport $117,749
Seattle $116,359
New York $113,115
Boston $112,141
Washington DC $111,259
Trenton, NJ $103,691
California-Lexington Park, MD $100,178
Boulder, CO $97,392
Manchester, NH $95,354
San Diego $94,806
Los Angeles $94,561
Midland, TX $94,212
Denver $93,684
Austin $93,240
Chicago $91,855
Durham, NC $91,633
Baltimore $90,288
Portland $89,875
Sacramento $89,874
Hartford $89,198
Philadelphia $88,438
Albany, NY $87,916
Minneapolis $87,568

Top 25 Counties by Average Compensation Per Job, 2021:
San Francisco, CA $207,978
Santa Clara, CA $204,893
San Mateo, CA $201,555
New York, NY $181,093
North Slope Borough, AK $147,369
Washington, DC $140,073
Suffolk, MA $138,992
Arlington, VA $134,563
King, WA $132,527
Eureka, NV $127,239
Broomfield, CO $124,587
Middlesex, MA $121,199
Somerset, NJ $119,895
Fairfax, VA $119,756
Butte, ID $118,128
Fairfield, CT $117,749
Surry, VA $117,164
Burke, GA $116,792
Morris, NJ $116,353
King George, VA $112,900
Alameda, CA $112,459
Los Alamos, NV $112,015
Montgomery, MD $111,091
Cameron, LA $109,960

dimondpark · #4 Posted **Nov 22, 2022, 11:20 PM**

2 CSA-level stats.

CSA Total Personal Income, 2021:
New York-Newark $1,968,894,440,000
Los Angeles-Long Beach $1,281,536,785,000
San Jose-San Francisco-Oakland $1,030,190,363,000
Washington-Baltimore-Arlington $756,591,199,000
Chicago-Naperville $703,749,569,000
Boston-Worcester-Providence $688,592,905,000
Dallas-Fort Worth $543,238,160,000
Philadelphia-Reading-Camden $515,222,374,000
Miami-Port St Lucie-Fort Lauderdale $505,957,960,000
Houston-The Woodlands $476,121,789,000
Atlanta-Athens-Sandy Springs $428,889,887,000
Seattle-Tacoma $416,987,011,000

CSA Personal Income Growth Rate, 2019-2021:
San Jose-San Francisco-Oakland +19.35%
Seattle-Tacoma +15.87%
Los Angeles-Long Beach +15.61%
Miami-Port St Lucie-Fort Lauderdale +15.03%
Atlanta-Athens-Sandy Springs +14.74%
Dallas-Fort Worth +14.55%
Boston-Worcester-Providence +13.90%
Chicago-Naperville +12.84%
Philadelphia-Reading-Camden +12.44%
New York-Newark +11.56%
Washington-Baltimore-Arlington +11.50%
Houston-The Woodlands +10.18%

JManc · #5 Posted **Nov 22, 2022, 11:59 PM**

San Francisco and San Jose might see a dip next year with all the layoffs.

dimondpark · #6 Posted **Nov 23, 2022, 12:18 AM**

Quote:

Originally Posted by JManc

San Francisco and San Jose might see a dip next year with all the layoffs.

You may be right, but I am really surprised with the brisk income growth despite the population decline. We'll see how it plays out.

Anyhow, here is the latest jobless rate data from bls.gov

Sep 2022 Metro Area Unemployment Rate:
1.9% Minneapolis
1.9% Indianapolis
2.2% Kansas City
2.2% San Jose
2.3% Miami
2.3% St Louis
2.4% Nashville
2.5% Atlanta
2.5% San Francisco
2.5% Tampa
2.7% Orlando
2.8% Austin
2.9% Boston
3.0% Virginia Beach
3.1% Charlotte
3.1% San Diego
3.1% Washington DC
3.2% Denver
3.3% CIncinnati
3.3% Columbus
3.3% Detroit
3.3% Providence
3.3% Sacramento
3.3% Seattle
3.4% Dallas
3.4% Philadelphia
3.4% Pittsburgh
3.5% Phoenix
3.5% San Antonio
3.6% Milwaukee
3.7% Baltimore
3.7% New York
3.9% Riverside
4.0% Los Angeles
4.2% Houston
4.5% Chicago
4.5% Cleveland
5.3% Las Vegas

https://www.bls.gov/web/metro/laulrgma.htm

wanderer34 · #7 Posted **Dec 3, 2022, 4:06 PM**

It looks like Miami is finally keeping up with the Joneses, literally! Only Southern cities which have a higher value than Miami are Dallas-Ft Worth and DC. Maybe it's the corporations and companies that have recently moved to South FL as well as FL overall having high growth than many American states. A lot of the money seems to be flowing to FL for that reason according to the latest charts!

dimondpark · #8 Posted **Dec 3, 2022, 4:20 PM**

Quote:

Originally Posted by wanderer34

It looks like Miami is finally keeping up with the Joneses, literally! Only Southern cities which have a higher value than Miami are Dallas-Ft Worth and DC. Maybe it's the corporations and companies that have recently moved to South FL as well as FL overall having high growth than many American states. A lot of the money seems to be flowing to FL for that reason according to the latest charts!

Yes, Miami's incomes have been soaring of late, according to not only bea.gov, but also bls.gov, which tracks average weekly wages.