Santa Cruz may be one of the wealthiest counties in the nation, but income growth is slowing.
Santa Cruz may be one of the wealthiest counties in the nation, ranked 15th in terms of per capita personal income. But while income increased 5.3 percent in 2007, new figures released by the U.S. Department of Commerce Bureau of Economic Analysis show that income growth dropped dramatically because of the recession to just 0.6 percent in 2008. The average per capita income in the county now stands at $48,647. Read more at the Mercury News.
