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Census: Neb., Iowa fared better than most states

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September 20th, 2012 by Ric Hanson

OMAHA, Neb. (AP) – Strong farm income helped Nebraska and Iowa record an increase in median income last year while nationally median income declined 1.3 percent and most states saw their median income shrink. A new Census report released today (Thursday), said Nebraska’s median income grew 1.1 percent to $50,296 in 2011. Iowa’s median income grew 0.1 percent to $49,427.

Only 13 states and the District of Columbia recorded an increase in median income between 2010 and 2011. Vermont led the nation with a 4.1 percent increase. The University of Nebraska at Omaha’s David Drozd says the strength of agriculture has helped Nebraska and Iowa withstand the economic uncertainty of the past few years, and it’s a factor in these income figures.  The relatively low unemployment rate in both states also helped boost income.