D.C. Personal Incomes Up
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The barely have time to count the money at Apple.
Washingtonians’ wallets were a little fatter last year.
Personal income in the D.C. area went up by 3.7 percent in 2010, to a total of $323.5 billion. That puts the District fourth on the list of personal incomes nationwide, according to a report by Washington Business Journal.
Nationwide, incomes rose 2.9 percent.
The New York City area ranked No. 1 at $1.03 trillion in personal income. Los Angeles was second with $565.4 billion, followed by Chicago at $435.4 billion.
Three cities in Nevada - Carson City, Las Vegas and Reno – and Junction, Colo., were the only areas to see incomes decline last year.
“Washington's gains were fueled by gains in three of the area's largest employers. Federal civilian personal income rose 6 percent. Education rose 6.2 percent, and professional, scientific and technical services incomes rose 7.2 percent”, the Journal reports.
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