Yakima County reports increase in personal income, federal figures say
The area's real personal income totaled nearly
Personal income includes wages earned from paychecks, insurance, business ownership and rental property and government benefits. The figure does not include capital gains or losses from changes in stock prices and is determined before the deduction of personal income taxes. The data is then adjusted to reflect the cost of living in different parts of the
Since 2008, the
Personal income growth in the
Continued growth, regardless of the amount, is good news, said
Growth in "personal income is one of the things that drive economic growth," he said.
That extra amount for each resident likely will benefit the entire community, Smith said. "That's going to go throughout the (local) economy."
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