Income: State

For 2007, New Mexico stayed in 43rd place in the ranking of states by per capita personal income. Our per capita income was $31,474 in 2007, a 5.2% increase over the 2006 figure of $29,929. The rate of increase ranked 24th, suggesting that New Mexico's rank could increase given that the rate of increase ranked well above the income rank. Idaho remained in 44th place in per capita income. In 2007, New Mexico widened the lead over Idaho from $79 to $274.

In Colorado, the 2007 per capita income was $41,042, good for 10th place and 106% of the national per capita income. Connecticut has the nation's highest per capita income, $54,117 in 2007, which is 140% of the national average.

While the state's performance sounds nice, it was a big drop from 2006 when per capita income grew 6.2%, a growth rate that was ninth in the nation.

The data tables are posted in the Economic Data section at www.capitolreportnm.com. See Inc Pers NM 07.

Between 2006 and 2007, the sectors contributing the most to the state income growth were, in order, Professional and Technical Services, Health Care and Social Assistance, and Mining.

The figures, released March 26, are from the Bureau of Economic Analysis.