Arizona Personal Income – Quarterly

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State personal income is defined as the combined sum of income received by all state residents from wages, proprietors’ income, dividends, interest, rents, and government benefits. This is a broader definition of income than private income. Then, per capita personal income for a given state is defined as its total personal income divided by its population. Since we are now controlling for population size, we can compare per capita personal income between states and to the nation as a whole as one measure of economic well-being. The Bureau of Economic Analysis, U.S. Department of Commerce, collects and computes these figures.