Average personal income grows in Ohio: See average salary

Personal income in Ohio grew by 2.3 percent in 2014, which was the largest increase since 2011 but still below the national average of 2.9 percent, according to figures released Thursday by the U.S. Bureau of Economic Analysis (BEA).

Statewide, per capita personal income — which includes salaries, wages, investment dividends, rental receipts and all other forms of compensation — rose to $43,387 in 2014 from $42,430 in 2013, according to the report.

In the Dayton metro area, personal income grew even faster — by 2.5 percent – to $41,916 in 2014 from $40,909 in 2013.

The increase in personal income in the state and local areas marked significant improvement over 2013, when personal income in Ohio dipped to $42,430 from $42,582 in 2012 and declined in the Dayton metro area to $40,909 from $41,054 over the same period, BEA figures show.

Nationwide, state personal income growth in 2014 ranged from 4.7 percent in Nevada to 0.4 percent in South Dakota.

By metro area, personal income was up 8.1 percent in Odessa, Texas, topping the list for personal income growth in 2014. Meanwhile, personal income in Danville, Ill., was down 3.9 percent, the sharpest decline in personal income in 2014.

Personal income figures are adjusted by the change in the national personal consumption expenditures price index, which increased 1.4 percent in 2014, BEA noted.

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