Bureau of Economic Analysis Ranks City of Alexandria 12th in Per Capita Personal Income

April 23, 2009

News Highlights: 

• The City’s estimated per capita personal income in 2007 was $70,632, an increase of 3.9 percent from the 2006 level
• Alexandria ranked 12th in per capita personal income in the nation, and ranked first in per capita personal income in the state of Virginia

More Information:

• Bureau of Economic Analysis: Local Area Personal Income, 2007    

Today, the U.S. Department of Commerce Bureau of Economic Analysis released estimates of local personal income for 2007. The estimates show that of 3,111 U.S. counties/cities, the City of Alexandria ranked 12th, ahead of Arlington County (13th), Fairfax County, Fairfax City and Falls Church (14th), and Montgomery County, MD (15th). The City also ranked first in per capita personal income in the Commonwealth of Virginia.

Per capita personal income is the personal income of residents of a given area divided by the resident population of the area. In computing per capita personal income, the Bureau of Economic Analysis uses the Census Bureau’s annual midyear population estimates.