Georgia down to 40th in per capita income

Georgia down to 40th in per capita income

Posted: Updated:

ATLANTA (AP) - Georgia has dropped toward the bottom of states in per capita income.

Federal data shows Georgia is now 40th among the states. Georgia has been declining since measuring 25th in 2001. The Atlanta Journal-Constitution reports that Georgia now has the same ranking it did in 1979.

The actual income figure for Georgia grew to $36,869 last year. But the national figure grew faster to $42,693 and that lowered Georgia's standing among the states.

Economist Martin Shields of the Economic Institute at Colorado State University said Georgia is adding jobs, but they are lower-paying jobs.

Experts said Georgia enjoyed above average growth in per capita income from 1779 to 2001 due to new businesses flocking to the state, but then Georgia was hit hard by the recession and housing bubble.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More Local NewsMore>>

  • #IMREADY Fulton storm spotter training

    #IMREADY Fulton storm spotter training

    Thursday, April 24 2014 7:03 PM EDT2014-04-24 23:03:42 GMT
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
  • Teachers in beating video deny wrongdoing

    Teachers in beating video deny wrongdoing

    Thursday, April 24 2014 6:06 PM EDT2014-04-24 22:06:56 GMT
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
  • Man who shoots alleged car thief facing murder charges

    Man who shoots alleged car thief facing murder charges

    Thursday, April 24 2014 4:24 PM EDT2014-04-24 20:24:40 GMT
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices