Personal income of Georgians on the rise

The improving economy added a little cash to the wallets of local residents.  Last year, personal income per Georgia resident increased nearly 4%.  But according to the Atlanta Business Chronicle, there’s a good reason, you might not notice the hike.

In a work, inflation.  Think higher gas prices and more expensive groceries.  Our costs increased two and a half percent in 2011.  That reduces Georgia’s personal income increase from 4% to about one and a half percent.

According to the U.S. Bureau of Economics Analysis, the average annual income per capita in Georgia is $36,000.  Per capita income is the State’s personal income divided by the population.