Grand Junction Personal Income Decrease Largest In Nation

08/10/2011 12:16 pm ET | Updated Oct 10, 2011

A report released Tuesday by the U.S. Bureau of Economic Analysis found that personal income rose in all but four of the nation's 366 metropolitan statistical areas in 2010.

Of the four areas reporting a decrease, the largest was in Grand Junction, Colorado. Personal income in the Grand Junction area shrank 0.9% in 2010.

Bonnie Peterson, executive director of Club 20 told the Denver Post "the two areas that have been hit most significantly in Mesa County are oil-gas and construction." Club 20 is an organization that represents the interests of Colorado's Western Slope.

Overall, Colorado's metropolitan areas experienced an average 2.8% growth in personal income for the year. Breakdowns of individual regions show Colorado Springs had the highest percentage growth of income in 2010:

The highest percentage growth occurred in Elizabethtown, Ky., with a 2010 increase of 10.1%. The Gazette attributes Colorado Springs' income growth to continued expansion at Fort Carson and increased military spending.

Nationally, personal income rose an average of 2.9% in 2010 compared to a 1.9% decrease in 2009.

flickr photo via henskechristine

Suggest a correction