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Personal Income Mired in the Past

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A new study says Lake County paychecks are stuck in 1995... La Porte County, 1985.. while some Hoosier income levels go back to the mid 1970s and 60s. Ball State’s Center for Business and Economic Research finds while the state has enjoyed small increases in the average standard of living over the last 50 years,most counties were 20 to 30 years behind the national average where per-capita income was concerned. Starke County was among two in 1975. Only three earned at 2010 levels – and one of those was here in the Region: Porter County, the other two being Hancock and Warrick. Two counties on the north side of Indianapolis – Boone and Hamilton --earned more than the national average. Jasper County paychecks were at the 1996 level, Newton at 1984.
The study also looks at how Indiana compares to the rest of the nation, finding that it ranked 40th among the states for 2010 per capita income, with the average resident bringing in $34,042 from all income sources. This is a decline from 1980, when Indiana ranked 30th, which was itself a decline from 1950, when Indiana ranked 21st in the nation.
http://cms.bsu.edu/academics/centersandinstitutes/bbr/currentstudiesandpublications
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