Saturday, September 22, 2012

Which States Lost the Most Money?

Almost every state has lost ground economically since the start of the Great Recession in 2007, according to American Community Survey data. Only three states (Wyoming, South Dakota, and North Dakota) and the District of Columbia had a higher median household income in 2011 than in 2007, after adjusting for inflation. These are the 10 states in which median household income declined the most during those years...

Percent change in median household income, 2007-11 (in 2011 dollars)
1. Nevada: -18.1%
2. Florida: -14.6%
3. Arizona: -13.7%
4. Georgia: -13.7%
5. Idaho: -13.6%
6. California: -11.9%
7. Michigan: -11.6%
8. Oregon: -11.4%
9. Hawaii: -10.6%
10. South Carolina: -9.9%

Source: Census Bureau, 2007 and 2011 American Community Surveys

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