You are the owner of this article.
Per capital income in metro Sioux City rises 5.3 percent
top story

Per capital income in metro Sioux City rises 5.3 percent

{{featured_button_text}}
Chris McGowan

Chris McGowan

SIOUX CITY -- Per capita personal income in metro Sioux City jumped 5.3 percent last year, exceeding the national average, a new federal report shows.

Per capita income - personal income divided by population - increased from $48,058 in 2017 to $50,586 in 2018 in the metro area, according to data released last week by the U.S. Bureau of Economic Analysis.

Among the 392 Metropolitan Statistical Areas, Sioux City ranked 112th in per capita personal income, after posting the 80th largest rate of growth in 2018.

Siouxland Chamber of Commerce President Chris McGowan hailed the income gains, equating it to a strong and growing local economy.

"One of the primary goals of economic development is to see personal income increase locally," McGowan said. "This news is a positive development and a reflection of both a strengthening economy, as well as the fact that the demand for labor continues to be much greater than the available supply."

In metro portions of the country, per capita personal income increased by an average of 4.9 percent in 2018, up from 4.1 percent in 2017. In non-metro areas, per capita personal income grew by 4.7 percent, up from 3.3 percent. 

Three of the five counties that comprise the Sioux City MSA matched or exceeded the national growth -- Dixon and Woodbury both clocked in at 5.8 percent, followed by Plymouth at 5.7 percent; Union at 3.6 percent; and Dakota at 3.2 percent.

Union County, home to the affluent Dakota Dunes community, continued to post the region's highest personal income -- $107,497 in 2018, up from $103,772 the prior year. That still ranks first among South Dakota counties.

In Woodbury County, per capita personal income rose from $41,570 in 2017 to $43,988 in 2018.

Among the 392 metropolitan statistical areas, Sioux City's per-capita income ranked 112th in 2018. It also was the 80th biggest increase of the metro areas.

Fourteen of the 20 counties in The Journal's circulation area -- Buena Vista, Cherokee, Crawford, Ida, O'Brien, Osceola, Plymouth, Sac, Sioux and Woodbury in Iowa, Cedar in Nebraska and Clay, Union and Yankton in South Dakota -- recorded year-over-year increases at or above the national average of 5.7 percent. Sac County led the way with 12.7 percent growth, followed by Buena Vista at 10.5 percent and Cherokee at 8.9 percent.

Thurston was the only area county to year-over-year decrease, with the personal income in the northeast Nebraska county falling by 0.1 percent.

+57 
+57 
Bootleggers
+57 
+57 
Pinky's Ice Cream & Hot Dogs
+57 
+57 
Sioux City Pita Pit
+57 
+57 
Gud n Free
+57 
+57 
Hamilton Bar & Grill

In 2018, personal income increased in 3,019 U.S. counties, decreased in 91, and was unchanged in 3, according to estimates from the U.S. Bureau of Economic Analysis.

In metro counties, the percent change in personal income ranged from -3.2 percent in Lynn County, Texas to 17.5 percent in Midland County, Texas. In non-metro counties, it ranged from -20.8 percent in Sherman County, Texas, to 64.5 percent in Issaquena County, Mississippi.

Siouxland preps for potential 8 inches of snow in pre-Thanksgiving storm
1
1
1
0
0

Get local news delivered to your inbox!

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Social advocacy groups believe 57 students from Brazil and Chile were lured to WIT under false pretenses and have been used as a cheap source of labor. WIT says students must have misunderstood the extent of the benefits they would receive.

According to a news release from the Sioux City Police Department, the driver of a passenger vehicle was eastbound on Third Street and failed to stop his car at a red light. The car was struck by a northbound semi-trailer.

Michael Joseph Ryan, 49, of Omaha, formerly of Sioux City, went to his eternal resting place Saturday, Jan. 18, 2020.

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News