All U.S. metro areas saw income gains for first time in 26 years

by Bryan Brammer · Jan 15th, 2020 2:02 pm

For the first time in 26 years, U.S. residents in every metropolitan area experienced economic growth, according to a report released by the Bureau of Economic Analysis for 2018.

The report indicated that no metro area saw a drop in per-capita income during the year. This was only the fourth time since 1970 that every U.S. metro area experienced overall financial success.

Fewer than six percent of metropolitan areas have experienced uninterrupted growth in personal income since 1970. Most cities — 84 percent — saw incomes decline after the Great Recession in 2009. Many areas also saw significant decreases in 2013 and 2016.

The only cities that have not seen their per-capita income drop over the past several years are Washington, D.C., and Pittsburgh, Pennsylvania.


You must become a subscriber or login to view or post comments on this article.