NCPA - National Center for Policy Analysis

Economy's Strength Propelled Personal Income In 1998

April 28, 1999

The average per capita income for the nation's 270.3 million people rose 4.4 percent last year -- to $26,412. While that was not as large as the 4.7 percent gain registered in 1997, it probably felt like more since overall prices rose just 0.8 percent in 1998 versus 2 percent the previous year.

These figures are part of a Commerce Department report released Tuesday.

  • In 1998, average per capita income ranged from $37,598 in Connecticut to $18,958 in Mississippi.
  • The largest percentage gain was 7.8 percent in North Dakota, where farmers hurt by the Asian financial crisis got government relief payments.
  • The smallest increase, 2.1 percent, was registered in Hawaii, where tourism from Asia has declined.
  • Trailing only Connecticut, per capita income for Washington, D.C., matched the nation's 4.4 percent rise -- to $37,278.

Source: Beth Belton, "U.S. Personal Income Jumped by 4.4 Percent in '98," USA Today, April 28, 1999.


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