Map Reveals States Where Incomes Have Grown The Least In 50 Years
Summary
A new map shows which U.S. states experienced the least growth in median household income over the last 50 years. The Midwest generally saw the smallest increases, while states in the West, New England, and Mid-Atlantic regions had larger income growth. A study highlights that educational attainment and immigrant populations positively impact income growth.Key Facts
- The Urban Institute analyzed U.S. Census data to create a map of income growth by state from 1970 to 2023.
- Average U.S. median household income grew by $18,790 after adjusting for inflation.
- West Virginia had a slight decrease in median income, dropping 0.4%.
- Michigan had the smallest increase in income, growing by 2.9%.
- Utah saw the largest increase in median household income, rising 77.6%.
- Colorado's household income grew by 67%, showing significant growth.
- States with higher education levels and immigrant populations tend to have better income growth.
- The study suggests focusing on education and workforce development for future income growth.
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