Indy Metro Area: Three Decades of Per Capita Income Growth
The Indianapolis Metropolitan Area, the 37th most populous metro area in the United States, has outpaced the nation in per capita personal income for nearly three decades-except for three years (1982, 1983 and 1984), and those were recession years in Indiana.
In 1998, the Indianapolis metro area ranked 55th out of 318 metro areas, with a per capita income of $29,022, compared to $27,203 for the nation. These figures, released in June by the U.S. Bureau of Economic Analysis (www.bea.gov), were not adjusted for inflation.
Note: Per capita income is a comparative measure of wealth based on earnings from work and income from dividends, interest, rent and transfer payments.
