Personal income in Tennessee grew faster than any state in the Southeast last year, providing the typical Tennessean the biggest yearly gain in pay and investment earnings in more than a decade.
After three years of relatively stagnant growth in per capita income during the recession, per capita income in Tennessee rose 4.6 percent in 2011, according to a new report from the U.S. Bureau of Economic Analysis. The average Tennessean earned $36,533 last year, up $1,612 from 2010.
Tennesseans, on average, still earned nearly 13 percent less than the per capita U.S. average income of $41,683, government figures show. But for the second year in a row, Tennesseans gained ground on their counterparts in Georgia and took home bigger paychecks, on average.