Florida increasing in personal income while California declining, data shows

TALLAHASSEE, Fla. – The Bureau of Economic Analysis’ 2022 data shows that states such as Florida, Tennessee and Texas are growing in average personal income, while places such as California, New York and Illinois are decreasing.

“Red states get richer while blue states get poorer,” FreedomWorks Senior Economic Contributor Stephen Moore said.

Florida ranks 10th on the list, trailing Arizona, Texas, Utah, South Dakota, Colorado, Montana, Idaho, North Dakota and Delaware.