Despite top personal income growth, the state has the 18th lowest per-capita personal income in the United States.
Despite top personal income growth, the state has the 18th lowest per-capita personal income in the United States.
Oregon residents brought in $158.1 billion from all income streams in 2013, up 3.5 percent, or $5.4 billion, from 2012. The earnings growth outpaced the national rate of inflation three times over, according to the new report.
At $40,233, Oregon’s per-capita personal income comes to only 90 percent of the U.S. average, a gap that has been growingsince the 1990s.
Analysts have said Oregon’s high-wage jobs tend to pay less than the national average. Further, employers aren’t under as much pressure to raise wages given the ready supply of people looking for work. Another earnings drag is Oregon’s relatively high share of people working part-time jobs — in many cases not by choice.
Read more at OregonLive.com
