Incomes Fell or Stagnated in Most States in 2011
The income of the typical U.S. family fell or was flat in almost every state last year, with the drop particularly steep in places where the economy has been hit hard by the housing bust.
According to the U.S. Census Bureau, the median annual household income fell in 18 states in 2011 from a year earlier after adjusting for inflation.
The sharpest drop occurred in Nevada, where median income fell by 6%. The median income fell by 3.8% in California and by 2.9% in Arizona and Florida. Those four states are among those that have seen the biggest falls in home values and housing construction since the financial crisis.
Nationally, the median income declined by 1.3% to $50,502 in 2011.
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