Updated
Updated · Bureau of Economic Analysis · Jul 1
U.S. Personal Income Rises 3.4% in Q1 as North Dakota Jumps 22.4%, Hawaii Falls 23.9%
Updated
Updated · Bureau of Economic Analysis · Jul 1

U.S. Personal Income Rises 3.4% in Q1 as North Dakota Jumps 22.4%, Hawaii Falls 23.9%

3 articles · Updated · Bureau of Economic Analysis · Jul 1

Summary

  • $222.6 billion in added current-dollar income lifted U.S. personal income at a 3.4% annual rate in the first quarter of 2026.
  • 49 states and the District of Columbia posted gains, but the spread was wide: North Dakota led at 22.4% while Hawaii fell 23.9%.
  • North Dakota's surge was driven by a $2.5 billion jump in farm earnings, helped by Farmer Bridge Assistance Program payments; earnings rose in 46 states overall.
  • Hawaii's drop reflected an $8.8 billion decline in transfer receipts after a fourth-quarter 2025 household settlement tied to the 2023 Maui wildfire, while property income still increased in every state.

Insights

Beyond the wildfire settlement's statistical dip, can Hawaii's economy overcome new global crises impacting its vital tourism industry?
North Dakota's farm income surged, but with fertilizer costs tripling, is a deeper agricultural crisis now unavoidable?
As federal downsizing hollows out D.C.’s core, how can American cities reinvent themselves when their main employer shrinks?