Median vs Average Income In Swing States

With the election right around the corner, I thought it would be a good idea to see how the recovery in income has been in the “average swing state”. The states I used are Ohio, Florida, Wisconsin, Virginia, Colorado, Nevada, Iowa, New Hampshire, North Carolina, and Pennsylvania. These are considered the closet states. Some would argue Minnesota, Michigan, Indiana, and Arizona could be argued as swing states as well, but I just consider these “weak conviction states” (states that will only swing if the winner sweeps, like Obama in 2008).

Below you will find 2 charts. The first is the Average “Per Capita Personal Income” for the 10 states (basically average income). Below that, you will see the “Median Income” of these 10 states. There is a Standard error for the median income stat, but I chose to ignore it just to keep things simple.

So without further ado, here are the 2 charts.

Per Capita Personal Income (2000-2011)

As you see, the average income hit a new high last year by $730. Showing a strong recovery.

 

Median Income (2004-2011)

On the flip-side, the Median income is still below the 2008 peak by almost $1000. This suggest a more tepid recovery in income.


 

 

Tags: $MACRO

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