Report: Oregon Per Capita Income Rising
Portland Business JournalA Silverton research group reported Friday that Oregon’s per-capita income continues to rise.
The Oregon Center for Public Policy, after analyzing numbers released this week by the U.S. Bureau of Economic Analysis, found that per-capita numbers rose in 2010 by an inflation-adjusted 2 percent. Oregon’s per capita personal income was $37,095 in 2010, that's up 68 percent from the $22,070 reported in 1970.
Read the original version of Report: Oregon per-capita income rising from the Portland Business Journal.
“The BEA data show that Oregon’s big business lobby’s repeated claims that Oregon’s per capita personal income has been on a long-term decline are false,” said Chuck Sheketoff, OCPP’s executive director, in a statement.
In December, the Portland Business Alliance teamed with Associated Oregon Industries, the Oregon Business Association, the Oregon Business Council and the Port of Portland to compile a scathing report on the Portland region's ability to create jobs and its dismal ranking in per capita personal income.
Sheketoff noted that the U.S. Census Bureau now considers its previously published per capita personal income figures for 2001 through 2009 unreliable. The reason: population assumptions used for that calculation do not match up with the 2010 Census results. The bureau expects to release per capita personal income figures for 2001 through 2009 in September.
Oregon’s per capita personal income ranked 30th among all states, according to the BEA data. Sheketoff said of the 29 states with higher per capita personal income than Oregon, 26 are facing revenue shortfalls.
The Oregon Center for Public Policy is a non-partisan research institute that analyzes budget, tax and economic issues.
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