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.
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