Revised Alabama Per Capita Income Growth in 1995

Revised Alabama Per Capita Income Growth in 1995

• August 6th, 2019

Revised Alabama Per Capita Income Growth in 1995

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Alabama’s per capita income rose a moderate 5.1 percent in 1995, slightly below the U.S. average increase of 5.3 percent. At $19,181, the state’s per capita income was 82.6 percent of the national average of $23,208. In its September 24, 1996 release, the Bureau of Economic Analysis (BEA) also revised Alabama’s 1994 per capita income upward from $17,922 to $18,256, or 82.8 percent of the 1994 U.S. average.

In 1995, Alabama ranked thirty-eighth among the 50 states on per capita income. Among the twelve states in BEA’s Southeastern region, Alabama was sixth, just ahead of South Carolina, Louisiana, and Kentucky, and trailed by Arkansas, West Virginia, and Mississippi. However, Tennessee, ranked fifth in the Southeast with a 1995 per capita income of $21,038 seems securely ahead of Alabama.

Users can access the BEA tables of state per capita and total personal income for a complete report.

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