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New Data Shows St Louis Income Trend Leads Nation Gdp Shows Growth

Leo Migdal
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new data shows st louis income trend leads nation gdp shows growth

ST. LOUIS, Mo. (First Alert 4) - New data on income growth over the last five years shows the St. Louis region leads the rest of metro areas. This is a look at per capita personal income from 2019 to 2023, thanks to the U.S. Bureau of Economic Analysis.

It shows in 2023, The St. Louis metro was fourth in the nation for per-capita income, trailing Nashville, Minneapolis, and Dever metros. Denver topped the list. But when you look at the five-year change, the St. Louis metro, with its 15 counties in Missouri and Illinois, takes the top spot with 33% growth. That leads Denver, Nashville, Indianapolis, and Kansas City rounding out the top five.

The Federal Reserve Bank of St. Louis told First Alert 4 this does help tell the story of what St. Louis residents feel in their wallets but it doesn’t tell the full story. Charles Cascon is an economist with the FRB and said the metric can be offset by people moving in and out of the region. “If we have the same 100 people in the room and per capita income goes up in the room, we are all better off, if you add a millionaire to the group and take... “We have to be cautious as we think per capita.”

St. Louis metro’s GDP grew at a rate of 2.5% St. Louis had the nation’s highest per capita personal income growth over the past 5 years Newly released data follow other reports showing St. Louis in national top five for rate of job growth, attracting foreign-born residents

“St. Louis’ economic momentum continues to build and serves as proof that working together as one metro and speaking with a unified voice is how we drive sustained growth for the future.” ST. LOUIS – Newly released federal data show that the St. Louis metro’s economic momentum continues, highlighted by a 2.5% rate of growth in our region’s gross domestic product for 2023, ranking St. Louis 16th among the country’s largest metropolitan areas, well ahead of the region’s population ranking of 23.

With a $209 billion gross domestic product (GDP)—placing it in the top third of U.S. metro areas—the St. Louis region continues to outperform peer cities in productivity and economic growth. Its unmatched combination of workforce readiness, industrial space availability and excellent multimodal infrastructure continues to fuel the region’s position as a national leader in freight and industrial development. This data is among the key information included in the 2025 St. Louis Regional Industrial Real Estate Market Indicators & Workforce Statistics Report.

The report was released on June 6 by the St. Louis Regional Freightway during the final day of its annual FreightWeekSTL conference. From 2020-2025, the GDP of St. Louis’ manufacturing industry and its distribution industry have both increased by a factor of 33%—underscoring St. Louis’ locational advantages for these industries. These statistics show that the region produces higher value goods per person than peer regions across the Midwest and they showcase the value proposition of the St.

Louis regional manufacturing and distribution workforce. Analysis shows that over the past 10 years, for every new resident arriving in the St. Louis MSA, the overall economy added more than $2.3 million to its GDP. Workers in the St. Louis region are more productive in relation to workers in peer regions, making St. Louis a premiere location for businesses needing skilled labor proficient in the manufacturing and distribution of high-value complex goods.

“St. Louis continues to prove it’s not just a place to move goods—it’s a place to make them,” said Doug Rasmussen, founder & CEO of Steadfast City Economic & Community Partners, which prepared the report. “The new report highlights the region’s strong competitive advantage in industrial and freight development, rooted in its ability to provide a high-productivity, high-value environment for companies that need an affordable, central location with a... Additional competitive advantages highlighted in the report include: ST. LOUIS — St.

Louis' gross domestic product growth from 2022 to 2023 ranked 16th among the biggest U.S. metros, according to estimates Wednesday from the U.S. Bureau of Economic Analysis. The bureau said that the St. Louis metro saw its GDP rise 2.5% in the period, to $184.8 billion. The percent change was good for 16th among the top 30 metros by population.

St. Louis' total real GDP was 23rd biggest, matching its population rank, which has recently fallen. For GDP growth, St. Louis did better than some peers. Kansas City saw growth of 2.3%, Portland 1.8%, Cincinnati 1.7% and Baltimore 1.6%. Pittsburgh (2.9%), Nashville (3.1%), Denver (3.5%), Tampa (4.3%), Austin (4.5%) and Charlotte (4.7%) did better.

Tools and resources to find and use economic data worldwide U.S. financial, economic, and banking history Vintages of economic data from specific dates in history View banking market concentrations and perform HHI analysis Tools and resources to find and use economic data worldwide

- St. Louis is now a top 10 metro for job growth for first time since 1990 - Metro added 31,000 workers over the last year - Preliminary data show region’s employment increasing to nearly 1.5 million jobs - Madison County, Illinois, saw metro’s highest growth numbers - GSL -- “This news shows the rest of the country that the momentum building in St.

Louis is real”

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ST. LOUIS, Mo. (First Alert 4) - New data on income growth over the last five years shows the St. Louis region leads the rest of metro areas. This is a look at per capita personal income from 2019 to 2023, thanks to the U.S. Bureau of Economic Analysis.

It Shows In 2023, The St. Louis Metro Was Fourth

It shows in 2023, The St. Louis metro was fourth in the nation for per-capita income, trailing Nashville, Minneapolis, and Dever metros. Denver topped the list. But when you look at the five-year change, the St. Louis metro, with its 15 counties in Missouri and Illinois, takes the top spot with 33% growth. That leads Denver, Nashville, Indianapolis, and Kansas City rounding out the top five.

The Federal Reserve Bank Of St. Louis Told First Alert

The Federal Reserve Bank of St. Louis told First Alert 4 this does help tell the story of what St. Louis residents feel in their wallets but it doesn’t tell the full story. Charles Cascon is an economist with the FRB and said the metric can be offset by people moving in and out of the region. “If we have the same 100 people in the room and per capita income goes up in the room, we are all better o...

St. Louis Metro’s GDP Grew At A Rate Of 2.5%

St. Louis metro’s GDP grew at a rate of 2.5% St. Louis had the nation’s highest per capita personal income growth over the past 5 years Newly released data follow other reports showing St. Louis in national top five for rate of job growth, attracting foreign-born residents

“St. Louis’ Economic Momentum Continues To Build And Serves As

“St. Louis’ economic momentum continues to build and serves as proof that working together as one metro and speaking with a unified voice is how we drive sustained growth for the future.” ST. LOUIS – Newly released federal data show that the St. Louis metro’s economic momentum continues, highlighted by a 2.5% rate of growth in our region’s gross domestic product for 2023, ranking St. Louis 16th am...