Personal income on the rise in Ohio, one of the fastest increases in the nation last year
7:51 AM, Apr 2, 2013
8:06 AM, Apr 2, 2013
DAYTON, Ohio - More good news for the Ohio economy: The state's per capita income rose at one of the fastest rates in the nation last year.
That's according to an analysis by The Dayton Daily News, which says the statistic is a sign that the state's economy is recovering more quickly than that most of the country.
Per-capita personal income includes all earnings such as wages, dividends, interest income and rents. In Ohio, it rose by 1.7 percent to $39,289 between 2011 and 2012. That was a larger increase than all but two other states.
Experts say incomes in Ohio continue to benefit from the revival of the manufacturing industry and the emergence of the oil and gas sector. But, they say, future prosperity depends on diversifying Ohio's industrial base.