Drop in per capita income doesn’t surprise some Charlotte officials
By Sam Boykin When news came out last week that the Charlotte metro region’s personal income per capita dropped from $39,621 to $37,372, Tom Flynn wasn’t surprised. “We lost a lot of high-paying jobs in the financial sector,” said Flynn, the city’s economic development director. “And the manufacturing base has been hit really hard in this area. That’s a lot of income to take out of the local economy.” Workers in the Charlotte metro region made on average $2,248 less last year compared with 2008, according to a new report by the Washington, D.C.-based U.S. Bureau of Economic Analysis. The 5.7 percent drop means the Charlotte metro area saw the second-biggest decline in per capita income in the country, behind only Las Vegas, which saw a 6.2 percent decline.