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    Personal Income

      


    The Bureau of Economic Analysis (US Department of Commerce) publishes personal income data for states, counties, metropolitan areas, micropolitan areas, metropolitan divisions and combined statistical areas, and BEA economic areas. Personal income is defined as the income received by, or on behalf of, all the residents of an area from all sources.  

    Personal income as defined by BEA differs substantially from adjusted gross income (AGI), the principal measure of the income of individuals that is used by the Internal Revenue Service. Personal income also differs from money income, an income concept developed by the Census Bureau.

    As compared with AGI, personal income consists of the income of nonprofit institutions serving individuals, private noninsured welfare funds, and private trust funds as well as of individuals, whereas AGI consists only of the income of individuals who file individual income tax returns. Personal income also includes employer contributions to private health and pension funds and to government employee retirement plans, several types of imputed incomes, transfer receipts, and all of the interest received by individuals, whereas AGI excludes all employer contributions, imputed incomes, most transfer payments, and the nontaxable interest received by individuals. Personal income, unlike AGI, excludes personal contributions for social insurance, realized capital gains and losses, and pension and annuity benefits from private and government employee retirement plans.

    Go to State and Local Area Annual Personal Income and Employment.

    You can add GDP data to your personal income and employment data by state, county, MSA or BEA Economic Area by using the interactive tool Bearfacts.