posted on August 05, 2015
(Rock County, WI)
According to the Bureau of Economic Analysis (BEA), the percent change in real personal income growth in the Janesville-Beloit MSA from 2012-2013 - at 4.6% - was the second highest in the U.S. The only location in the U.S. recording a higher figure was the Sioux City metro area (4.8%).
In terms of its Wisconsin counterparts, the Madison MSA posted gains of 2.4%. Meanwhile, the next closest metro area was Duluth MN-WI at 1.6%. The percent change for the Milwaukee MSA was 0.1%.
From a regional MSA comparison, the Rockford and Chicago metro area figures were nearly identical: 0.4% and 0.3%, respectively. The Dubuque IA metro area experienced a -0.7 percent decline, while the Des Moines and Iowa City metro areas recorded figures of 0.8 and 1.0, respectively.
Coupled with the locally produced and released dashboard reports, these BEA income statistics provide further validation regarding the continual growth and strength of the Rock County economy.