Over the past four years, Alaska residents lost the most in inflation-adjusted income and the state was one of three that saw declines.
Construction workers walk down Fifth Avenue between D and E streets in downtown Anchorage on Feb. 16, 2021.
States where inflation-adjusted income declined included Alaska, where oil drilling has been in long-term decline, as well as Georgia and Maryland. Newcomers to Utah, for example, brought both more income and oftentimes smaller families than the longtime Mormon population, boosting per capita incomes, he noted. And competition for scarce service and manufacturing workers has forced employers to pay more.
North Dakota’s per capita personal income rose to $73,414, giving it the 12th highest income in the country, up from 16th in 2019. The gains allowed it to leapfrog states including Illinois, Minnesota and Virginia.
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