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Region's per capita income tops $30,000

For the first time, the region's per capita personal income rose to more than $30,000, U.S. Commerce Department figures released Thursday show. The Duluth Metropolitan Statistical Area, which is St. Louis, Carlton and Douglas counties, had an ave...

For the first time, the region's per capita personal income rose to more than $30,000, U.S. Commerce Department figures released Thursday show.

The Duluth Metropolitan Statistical Area, which is St. Louis, Carlton and Douglas counties, had an average per capita personal income of $30,092 in 2005, according to the Bureau of Economic Analysis. That is 87 percent of the national average and 81 percent of the Minnesota average.

The numbers are adjusted for inflation.

Per capita personal income is money received by residents of an area from all sources divided by the population of the area.

The Duluth MSA population in 2005 was estimated at 274,991.

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Total personal income for the MSA was $8.3 billion.

About 62 percent of total personal income was from earnings while about 18 percent was from interest, dividends and rent. Personal transfer receipts -- such as disability insurance benefits, Medicare, Medicaid, income maintenance benefits, unemployment insurance benefits, veterans benefits, federal grants and student loans -- were about 20 percent of the total.

Per capita personal income rose 3.2 percent from 2004 to 2005. It increased 18.5 percent from 2000 to 2005 and 49.5 percent from 1995 to 2005. In 1995 it was $20,124.

The Bureau of Economic Analysis reported last month that 2005 per capita personal income in Minnesota was $37,290 and $33,278 in Wisconsin. Per capita personal income was $34,471 in the United States.

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