Income

Desired Trend

Up

Current Trend

Up
Baseline (2010): $ 46,041
Current (2016): $ 49,519

Theme Prosperous

Definition

Personal income per capita (in 2016 dollars)

Why is it Important?

Personal income per capita is an important measure of the local economy.1 Increases in personal income allow St. Louis area residents to live a higher quality of life and increases circulation of money in the local economy.

How are we Doing?

Personal income increased from the baseline year 2010 to 2016 by $3,478 per capita. In 2015, the region surpassed the previous high of $47,830 per capita in 2008. The growth in per capita income was strong from 2014 to 2015. While the region continued to see an increase, the percent change over the last year was not as robust, 0.51 percent change from 2015 to 2016 compared to 3.61 for 2014 to 2015.

For 2016, this income per capita is the 28th highest among the 50 largest metropolitan areas. St. Louis is below the average income per capita for the metropolitan portion of the United States ($51,075) as well as the average for the 50 most populous regions ($52,183). This follows a long term trend of the region’s income levels being about average for the United States. Although, in the past few years income per capita has grown at a faster rate for the nation than for the St. Louis region. On change in income per capita, the region does not rank as well among the peer regions. The St. Louis region ranks 44th for change in personal income per capita from 2010 to 2016. The United States increased 12.4 percent over this time period compared to 7.6 percent for the St. Louis MSA. Over a longer time period, 2000 to 2016, the region still experienced slower growth than the nation but the gap is not as wide; 14.0 percent change for the St. Louis MSA compared to 17.3 percent for the United States. 

Personal Income Changer in Personal Income

Geographic Level

St. Louis Metropolitan Statistical Area (MSA). View map.

Notes

1BEA personal income includes income received by all persons from all sources, including wages, benefits, rental income, and transfer payments, and is based primarily on administrative data sources. 

Data Sources

Bureau of Economic Analysis