By Free Enterprise
U.S. Chamber of Commerce
While nearly all Americans felt the squeeze of the economic downturn, certain pockets of the United States remained prosperous. USA Today reports that median household income actually rose in 12 states and the District of Columbia between 2005 and 2010:
•Texas, Iowa, and Hawaii saw a rise in median household income based on their agriculture and energy-driven economies, largely supported by demand from emerging markets such as China.
•Wyoming enjoyed a 3.6% rise in median income, the largest increase of any other state. Fellow “energy center” states—North Dakota, Alaska, Louisiana, West Virginia, Oklahoma and Texas—also saw income gains as a result of oil, gas and coal exploration.
•Washington, D.C. experienced the biggest jump in median income, rising 8.1% to $60,000, as federal government payrolls grew.
For a more in-depth analysis of U.S. median household incomes, visit Sentier Research.
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