BUREAU OF ECONOMIC ANALYSIS: MIDLAND RANKS SECOND IN US IN PER CAPITA PERSONAL INCOME BY METROPOLITAN AREA

(Nov. 15, 2024)

MIDLAND, TEXAS -- Midland, Texas, ranked second in the nation in per capita personal income by metropolitan area in 2023, according to numbers released Thursday (Nov. 14, 2024) by the Bureau of Economic Analysis.

The $143,469 in per capita personal income in Midland ranked second to only San Jose-Sunnyvale-Santa Clara, California ($148,036), according to the BEA. Rounding out the top five were Bridgeport-Stamford-Norwalk, Connecticut ($139,006), Naples-Marco Island, Florida ($134,527), and San Francisco-Oakland-Berkeley, California ($130,730).

The average in per capita personal income across the U.S. was $69,810.

San Jose-Sunnyvale-Santa Clara took the top spot from Midland, which was top-ranked in 2022. The BEA showed per capita personal income by metropolitan area fell 0.6% in Midland in 2023. That decline followed the 20.9% increase in per capita personal income in Midland in 2022 (to $144,469). The percent change in Midland in 2023 was the largest decline of the 384 metropolitan areas ranked.

The Bureau of Economic Analysis reported an average increase of 5.4% in per capita personal income across the United States in 2023.

Per capita personal income by metropolitan area

(2023)

Top five in nation

San Jose-Sunnyvale-Santa Clara, CA $148,036

Midland $143,469

Bridgeport-Stamford-Norwalk, CT $139,006

Naples-Marco Island, Florida $134,527

San Francisco-Oakland-Berkeley, CA $130,730

Top in Texas

(including national rankings)

2. Midland $143,469

25. Austin-Round Rock-Georgetown, TX $80,471

48. Dallas-Fort Worth-Arlington $74,165

54. Houston-The Woodlands-Sugar Land $72,453

Also

102. San Angelo $65,650

167. Amarillo $60,182

188. Odessa $58,961

239. Abilene $56,034

257. Lubbock $54,524

365. El Paso $46,732

Source: Bureau of Economic Analysis