New data released Thursday by the Bureau of Economic Analysis shows that personal income for Knox County rose 3.1 percent from 2007 to 2008, a reflection of the good times just before the recession kicked in.
On a per capita basis, personal income for the county was $36,342 in 2008, seventh highest in Tennessee. Williamson County was No. 1 at $55,717, followed by Davidson County at $44,228 and Shelby County at $41,598.
Also ahead of Knox were Hamilton County at No. 4 with a per capita average of $38,460, Montgomery County, No. 5 at $38,270 and Wilson County, No. 6 at $37,040.
Loving County, Texas, apparently was the place to be in ’08. The per capita income in the sparsely populated county in the border with New Mexico was a healthy $140,275, according to the BEA data.
Per capita personal income for metropolitan Knoxville — Anderson, Blount, Knox, Loudon and Union counties — was $34,696 in 2008, an increase of 1.5 percent from 2007.
The Great Recession was in its early months in 2008 and its impact was just beginning to be felt in the Knoxville region in 2008. It will be interesting to see if the numbers fell in 2009 and 2010.
See the complete BEA release and charts here.