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St. Cloud Second in Economic Growth

St. Cloud Second in Economic Growth Click to Enlarge Photo:

Dec 6, 2013 at 11:57 am

MANKATO, Minn. (AP) - Personal income has been growing faster in the Mankato region than in any other metropolitan area in Minnesota - followed closely by St. Cloud.

New reports show that from 2010 to 2012, per-capita personal income grew 13 percent in Blue Earth and Nicollet counties, a growth of $4,639 per person.

The St. Cloud area saw an 11 percent increase, Rochester a 6.6 percent increase, Duluth a 9 percent increase and the Twin Cities a 9 percent increase in the same period.

The figures come from the latest report by the U.S. Department of Commerce Bureau of Economic Analysis.

Per-capita personal income for the Mankato region was $40,052 in 2012, higher than in St. Cloud and Duluth but below the $45,702 in Rochester and the $50,260 in the Twin Cities.

Abby Faulkner

Posted By Abby Faulkner

Assistant News Director

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