Business & Real Estate

Here’s how Sacramento incomes compare with U.S.

Workers continue remodeling Downtown Commons near Golden 1 Center in Sacramento. The region’s personal income growth rose faster than the U.S. average last year.
Workers continue remodeling Downtown Commons near Golden 1 Center in Sacramento. The region’s personal income growth rose faster than the U.S. average last year. Sacramento Bee file

Sacramento personal incomes grew faster last year than the national average but lower than California’s.

Average personal incomes jumped 5.2 percent in 2015, to an average of $49,639, according to figures released Thursday by the U.S. Bureau of Economic Analysis. That represented an accelerated growth rate; in 2014 incomes rose by 4.6 percent in the greater Sacramento region.

READ: Average US 30-year mortgage rate jumps to 3.94 percent

Across the nation in 2015, personal incomes grew by an average of 3.7 percent. In metropolitan areas, they grew by 4.7 percent.

However, Sacramento’s income growth lagged the statewide average of 5.4 percent, which brought California’s personal income average to $53,741.

The income growth figures dovetail with unemployment statistics that show Sacramento’s labor market, after years of sluggishness, has ramped up in the past couple of years. Unemployment fell to 5.2 percent the Sacramento region in September, the latest data available.

Incomes in Sacramento were higher than the national average of $48,112, but slightly below the $49,827 average for metropolitan areas.

The figures aren’t adjusted for inflation.

The new Sacramento Kings arena has helped rejuvenate construction. Hundreds of permanent jobs have been created, too.

Dale Kasler: 916-321-1066, @dakasler

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