The Norman Transcript
NORMAN — Oklahomans showed income growth in 2012, but not quite as much as they did in 2011.
The Bureau of Economic Analysis said the state’s personal income rose 4.2 percent in 2012, down from a 7 percent rise in 2011. The state’s growth was seventh highest nationally, compared to fifth highest in 2011.
The highest rate of growth (12.4 percent) was recorded in North Dakota and the lowest (0.2 percent) was in South Dakota. The Tulsa World reports the state’s per-capita personal income rose from $37,679 to $39,006.
Durable goods and farming were big winners in the state.
The drought, market demand and timing impacts crop prices. Income from durable goods rose 12.6 percent in the state, the third highest in that category.
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