Colorado leads nation in per capita personal income

Colorado was ranked as a top state in the nation for per capita personal income, according to a report released Wednesday by the Leeds Business Research Division at the University of Colorado Boulder. Colorado’s per capita personal income increased 7.9% year-over-year in the third quarter of 2022 and personal income increased 8.5%, making Colorado the second highest in the nation. Per capita personal income is calculated as the total personal income of the residents of a given area divided by the population of the area. Personal income growth is forecast...