Inflation Rises Faster Than Income in Florida

In Florida, per capita income rose slower than inflation last year. This means the average person was essentially earning less, according to federal statistics. 

Florida ranked 45th in the nation for growth in per-person income according to the Commerce Department. 

Per capita income refers to the total income earned in the state divided by the number of people who live in the state. Florida's per capita income increased 1.7% last year (from $38,417 to $39,070).

The national inflation rate was 3.8%, according to the U.S. Bureau of Labor, but the rate in Florida was 4.6%.

This is a reflection of how widespread the economic downturn has been in our state. Arizona, Idaho, Nevada, Georgia and Utah were the five states to experience even less economic growth than Florida.