Per capita income hasn't kept up with consumer price index

The wage growth that occurred early in the pandemic has effectively been wiped out, according to a new analysis of economic data.

By Business Observer Staff
| 5:00 a.m. May 27, 2022
| 0 Free Articles Remaining!

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Inflation might be the talk of the town, but new data from the U.S. Bureau of Economic Analysis points to an equally troubling trend for residents of some Gulf Coast metro areas.

According to an analysis of the data by LLC.org, a website that helps people start businesses, Tampa Bay residents’ incomes aren’t keeping up with the pace of inflation: Per capita income grew from $44,407 in 2010 to $52,981 in 2020 — an increase of $8,574, or 19.3%.