Personal Income Up in Iowa City

Cedar Rapids Saw Some Decline; Better Than National Average

by David DeWitte Cedar Rapids Gazette

Iowa City was one of only 134 United States metropolitan areas in which personal income grew last year, according to new data released Monday, August 9.

Personal income in the Iowa City Metropolitan Statistical Area climbed by 1.2 percent in 2009 to $5.78 billion after rising by 5.1 percent the preceding year.

On average, personal income declined 1.8 percent nationwide in 2009, after rising 2.7 percent in 2009.

The Cedar Rapids Metropolitan Statistical Area was in the majority of 223 metros in which personal income declined, although the decline was lower than the national average.

Personal income in the Cedar Rapids Metropolitan Statistical Area fell by 0.7 percent in 2009, to $9.83 billion, after rising by 5 percent the preceding year.

The data was released by the Bureau of Economic Analysis, which defines personal income as “income by all personals from all sources.”