Business First
Date: Tuesday, August 9, 2011, 3:03pm EDT - Last Modified: Wednesday, August 10, 2011, 9:17am EDTTotal income among Central Ohioans grew only a shade faster than the national average in 2010 but outpaced most other cities in the state, according to new data from the U.S. Bureau of Economic Analysis.
The data, released Tuesday and analyzed by Columbus Business First online affiliate Business Journals, show the total personal income in the Columbus Metropolitan Statistical Area hit $70.6 billion last year, up 3.1 percent from $68.5 billion in 2009. Total personal income is defined as the income received by all people from all sources in a given year, ranging from employment wages to Social Security and welfare payments.
Among 366 metropolitan areas nationwide, income grew an average of 2.9 percent after falling nearly 2 percent the year before. Business Journals in a searchable online database features data on all metros in the U.S.
Columbus’ personal income is topped by two other Ohio metros: Cincinnati and Cleveland, both touting nearly $85 billion in income. The city’s growth rate, however, was topped only by the Youngstown and Sandusky areas.
Check out the database for more details.
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