Georgia Drops In Per Capita Income

ATLANTA (AP) — Georgia has dropped toward the bottom of states in per capita income.

Federal data shows Georgia is now 40th among the states. Georgia has been declining since measuring 25th in 2001. The Atlanta Journal-Constitution reports that Georgia now has the same ranking it did in 1979.

The actual income figure for Georgia grew to $36,869 last year. But the national figure grew faster to $42,693 and that lowered Georgia’s standing among the states.

Economist Martin Shields of the Economic Institute at Colorado State University said Georgia is adding jobs, but they are lower-paying jobs.

Experts said Georgia enjoyed above average growth in per capita income from 1779 to 2001 due to new businesses flocking to the state, but then Georgia was hit hard by the recession and housing bubble.

_

More from Jean Ross
Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Atlanta

Watch Dukes & Bell Live
Taz Goes Big With A New Daily Show!

Watch & Listen