If you piled up all of the money earned last year by all of the residents in the Miami-Fort Lauderdale-West Palm Beach metro area, you’d wind up with a stack of almost $300 billion.
That’s according to the U.S. Bureau of Economic Analysis, which has released its annual rankings of total personal income (TPI). Click on the View Slideshow button for a rundown of the metropolitan areas (including South Florida) that are above $30 billion.
TPI is defined as the income received by all residents from all sources (everything from wages to welfare payments) in a given year.
The tri-county area is No. 1 in the state and 10st in the nation with TPI of $299.53 billion, based on statistics for 2015. That yields a per capita income (PCI) of $49,819. PCI is the amount that each resident would receive if an area’s TPI were equally distributed to everybody.
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