Florida is the only state
It's not exactly breaking news (most of you knew this by just looking around), but incomes in Florida are dropping.
where median income decreased
According to new census data, the median household income in Florida fell from $47,804 to $47,778 between 2007 and 2008, a decline of .01%.
This report from CNNMoney.com says Florida was the only state where income levels dipped before adjustments for inflation.*
Read the Census report here. Thanks to Jim Stratton at the Sentinel's Blog-o-nomics for pointing this out.
* When income was adjusted for inflation, four other states -- Arizona, Indiana, Michigan and California -- also saw decreases from 2007 to 2008.