Personal income up in McAllen while U.S. sees decline

The Monitor
September 02, 2010 
By: Ana Ley

McALLEN — Personal income in the McAllen area grew slightly last year, while most metro areas in the United States experienced a decline.

Although the McAllen-Edinburg-Mission area — which comprises all of Hidalgo County — saw 2.8 percent growth in personal income, per capita personal income remained stagnant, according to statistics released by the federal Bureau of Economic Analysis.

Per capita personal income is the personal income of the residents of an area divided by the population of that area. It allows apple-to-apple comparisons between areas even if they have very different populations.

Personal income — the income received by all people from all sources — declined last year in 223 of the nation’s metro areas, increased in 134 of them and remained unchanged in 9.

Pedro Salazar, president of the Edinburg Economic Development Corp., attributed the growth to an increase in educational attainment in the Rio Grande Valley.

“People are getting ...

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