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D.C. residents’ collective personal income increased by 88.1 percent between 2001 to 2012—-55 percent greater than national gains over the same period, according to data by the U.S. Bureau of Economic Analysis.
In 2012, D.C.’s personal income, a measure of income from all sources, was $47.28 billion. D.C. earned a larger portion of its income from work salary or wages—-70.2 percent in 2001—-than the United States, where work accounted for 68.4 percent. By 2012, work earnings in D.C. grew to 71.9 percent, but dropped to 64.6 percent in the U.S.
But in the post-recession years of 2010 to 2012, earning dropped, and D.C.’s personal income growth slowed, more closely aligning with the growth of the national average.
Read the full compilation of the stats from D.C.’s Office of the Chief Financial Officer here:
Photo by zzzack via Flickr/Creative Commons Attribution 2.0 Generic