Posey County vs. Indiana
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Posey County vs. Indiana
Posey County:
2022 PCI = $59,170
2022 Percent of State = 101.45%
Indiana:
2022 PCI = $58,323
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Posey County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Posey County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Posey County's annual per capita personal income over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Posey County over time.
When measured in current dollars, Posey County's per capita personal income increased 1,690.00%, from $3,306 in 1970 to $59,170 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 204.90%, from $16,724 in 1970 to $50,990 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Posey County's and Indiana's annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Posey County's real per capita personal income rose from $18,601 in 1969 to $50,990 in 2022, for a net gain of $32,389, or 174.13%. In comparison, Indiana's real per capita personal income advanced from $19,810 in 1969 to $50,260 in 2022, for a net gain of $30,450, or 153.71%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Posey County's real per capita personal income growth in a broader context by offering direct comparisons across time with Indiana, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Posey County's overall real per capita personal income growth was 174.13% over 1969-2022 outpaced Indiana's increase of 153.71%, and topped the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Posey County and Indiana per capita personal income as a percent of the national average over 1969-2022.
In 1969, Posey County's per capita personal income amounted to 89.36% of the national average; in 2022, it approximated 90.38%. Similarly, in 1969, Indiana's per capita personal income totaled 95.17% of the national average; in 2022, it consisted of 89.08%.
Posey County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Posey County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Posey County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Posey County's real per capita personal income grew at an annual rate of 2.03% over 1970-2022. The county recorded its highest growth in 1973 (15.50%) and posted its lowest growth in 1970 (-10.09%). In 2022, Posey County's real per capita personal income declined by -4.80%
Posey County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Posey County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces the annual percent change in Posey County's real per capita personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Posey County's annual real per capita personal income growth rate averaged 3.10%. It averaged 1.67% in the 1980s, 2.18% throughout the 1990s, 1.54% during the 2000s, 1.94% during the 2010s, 1.02% thus far this decade (2020-2022).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Posey County noted in the previous graph with the corresponding decade averages for Indiana and the nation. As the chart reveals, Posey County's average annual real per capita personal income growth exceeded Indiana's average in the 1970s (3.10% vs. 2.35%), fell below Indiana's average in the 1980s (1.67% vs. 1.79%), amounted to less than Indiana's average throughout the 1990s (2.18% vs. 2.25%), recorded above Indiana's average during the 2000s (1.54% vs. 0.44%), trailed Indiana's average throughout the 2010s (1.94% vs. 1.95%), and amounted to less than Indiana's average over the 3 year period of the current decade, 2020-2022 (1.02% vs. 2.63%).
Finally, relative to nationwide real per capita personal income growth trends, Posey County led the nation during the 1970s (3.10% vs. 2.37%), posted below the nation over the 1980s (1.67% vs. 2.19%), topped the nation over the 1990s (2.18% vs. 2.01%), exceeded the nation during the 2000s (1.54% vs. 1.10%), fell under the nation during the 2010s (1.94% vs. 1.97%), and fell below the nation over 2020-2022 (1.02% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.03
3.10
1.67
2.18
1.54
1.94
1.02
-4.80
 
1.80
2.35
1.79
2.25
0.44
1.95
2.63
-3.78
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Posey County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,512
0.189
18,601
100.0
N
93.90
89.36
1970
 
3,306
0.198
16,724
89.9
-10.09
85.88
78.74
1971
 
3,787
0.206
18,379
98.8
9.90
91.22
84.71
1972
 
3,926
0.213
18,426
99.1
0.25
87.20
80.84
1973
 
4,779
0.225
21,281
114.4
15.50
93.05
89.11
1974
 
5,242
0.248
21,141
113.7
-0.66
95.79
89.82
1975
 
5,937
0.269
22,102
118.8
4.54
100.50
93.88
1976
 
6,717
0.283
23,707
127.5
7.26
102.70
97.70
1977
 
7,105
0.302
23,547
126.6
-0.68
98.73
94.54
1978
 
8,243
0.323
25,538
137.3
8.46
103.44
98.64
1979
 
8,665
0.351
24,656
132.6
-3.45
99.24
93.85
1980
 
9,256
0.389
23,777
127.8
-3.56
98.81
90.89
1981
 
9,963
0.424
23,488
126.3
-1.22
96.83
88.23
1982
 
10,699
0.448
23,897
128.5
1.74
100.16
89.23
1983
 
10,959
0.467
23,480
126.2
-1.75
97.46
86.29
1984
 
12,737
0.484
26,295
141.4
11.99
102.32
91.71
1985
 
13,641
0.501
27,212
146.3
3.49
103.74
92.50
1986
 
14,272
0.512
27,865
149.8
2.40
102.96
92.18
1987
 
15,049
0.528
28,500
153.2
2.28
102.96
92.73
1988
 
15,595
0.549
28,424
152.8
-0.27
99.75
89.41
1989
 
16,540
0.573
28,886
155.3
1.62
97.73
88.65
1990
 
16,756
0.598
28,032
150.7
-2.96
94.33
85.41
1991
 
16,882
0.618
27,329
146.9
-2.51
93.10
84.20
1992
 
18,392
0.634
29,000
155.9
6.11
94.82
87.26
1993
 
19,387
0.650
29,826
160.3
2.85
95.92
89.29
1994
 
19,992
0.664
30,128
162.0
1.01
93.99
88.65
1995
 
20,596
0.678
30,398
163.4
0.90
93.56
87.35
1996
 
22,783
0.692
32,921
177.0
8.30
98.87
92.14
1997
 
23,466
0.704
33,329
179.2
1.24
97.51
90.51
1998
 
24,814
0.710
34,966
188.0
4.91
96.33
90.26
1999
 
25,675
0.720
35,660
191.7
1.98
96.72
89.80
2000
 
28,183
0.738
38,176
205.2
7.06
100.38
92.25
2001
 
31,918
0.753
42,387
227.9
11.03
111.62
101.17
2002
 
31,246
0.763
40,957
220.2
-3.37
108.11
98.26
2003
 
31,090
0.779
39,913
214.6
-2.55
105.59
95.19
2004
 
31,604
0.798
39,591
212.8
-0.81
103.09
92.46
2005
 
32,115
0.821
39,104
210.2
-1.23
102.35
90.04
2006
 
33,973
0.844
40,233
216.3
2.89
103.25
89.77
2007
 
34,944
0.866
40,347
216.9
0.28
103.24
88.27
2008
 
38,092
0.892
42,719
229.7
5.88
108.00
93.24
2009
 
36,551
0.889
41,105
221.0
-3.78
106.87
92.99
2010
 
38,286
0.905
42,299
227.4
2.90
107.58
94.40
2011
 
41,695
0.928
44,928
241.5
6.22
110.65
97.76
2012
 
41,444
0.945
43,840
235.7
-2.42
105.86
93.69
2013
 
43,599
0.958
45,519
244.7
3.83
110.55
98.19
2014
 
44,389
0.971
45,705
245.7
0.41
109.01
95.90
2015
 
44,068
0.973
45,291
243.5
-0.90
104.55
91.69
2016
 
44,344
0.983
45,119
242.6
-0.38
102.78
90.55
2017
 
46,370
1.000
46,370
249.3
2.77
104.04
90.91
2018
 
47,808
1.020
46,849
251.9
1.03
102.69
89.68
2019
 
51,367
1.035
49,624
266.8
5.92
106.42
92.47
2020
 
55,526
1.046
53,066
285.3
6.94
107.36
93.87
2021
 
58,380
1.090
53,559
287.9
0.93
102.54
90.61
2022
 
59,170
1.160
50,990
274.1
-4.80
101.45
90.38
Source: Calculations by the Indiana Regional Economic Analysis Project (IN-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Indiana:
Per Capita Personal Income, 1969-2022
 
1969
 
3,741
0.189
19,810
100.0
N
95.17
1970
 
3,849
0.198
19,473
98.3
-1.70
91.69
1971
 
4,151
0.206
20,147
101.7
3.46
92.86
1972
 
4,503
0.213
21,131
106.7
4.89
92.71
1973
 
5,136
0.225
22,871
115.5
8.23
95.76
1974
 
5,472
0.248
22,071
111.4
-3.50
93.77
1975
 
5,907
0.269
21,991
111.0
-0.36
93.41
1976
 
6,540
0.283
23,084
116.5
4.97
95.13
1977
 
7,197
0.302
23,850
120.4
3.32
95.76
1978
 
7,968
0.323
24,688
124.6
3.51
95.36
1979
 
8,732
0.351
24,846
125.4
0.64
94.58
1980
 
9,368
0.389
24,064
121.5
-3.15
91.99
1981
 
10,288
0.424
24,257
122.4
0.80
91.12
1982
 
10,682
0.448
23,858
120.4
-1.64
89.09
1983
 
11,246
0.467
24,093
121.6
0.98
88.54
1984
 
12,448
0.484
25,698
129.7
6.66
89.62
1985
 
13,149
0.501
26,230
132.4
2.07
89.17
1986
 
13,862
0.512
27,064
136.6
3.18
89.53
1987
 
14,616
0.528
27,681
139.7
2.28
90.07
1988
 
15,634
0.549
28,495
143.8
2.94
89.63
1989
 
16,924
0.573
29,556
149.2
3.73
90.71
1990
 
17,763
0.598
29,717
150.0
0.54
90.54
1991
 
18,134
0.618
29,355
148.2
-1.22
90.44
1992
 
19,396
0.634
30,583
154.4
4.19
92.02
1993
 
20,212
0.650
31,095
157.0
1.67
93.09
1994
 
21,271
0.664
32,056
161.8
3.09
94.32
1995
 
22,014
0.678
32,492
164.0
1.36
93.37
1996
 
23,043
0.692
33,297
168.1
2.48
93.20
1997
 
24,066
0.704
34,181
172.5
2.66
92.83
1998
 
25,758
0.710
36,296
183.2
6.19
93.69
1999
 
26,545
0.720
36,868
186.1
1.57
92.84
2000
 
28,075
0.738
38,031
192.0
3.16
91.90
2001
 
28,596
0.753
37,975
191.7
-0.15
90.64
2002
 
28,902
0.763
37,884
191.2
-0.24
90.88
2003
 
29,445
0.779
37,801
190.8
-0.22
90.16
2004
 
30,657
0.798
38,405
193.9
1.60
89.69
2005
 
31,376
0.821
38,204
192.9
-0.52
87.96
2006
 
32,905
0.844
38,968
196.7
2.00
86.95
2007
 
33,845
0.866
39,079
197.3
0.29
85.49
2008
 
35,270
0.892
39,554
199.7
1.21
86.33
2009
 
34,200
0.889
38,461
194.2
-2.76
87.01
2010
 
35,590
0.905
39,320
198.5
2.23
87.75
2011
 
37,682
0.928
40,603
205.0
3.26
88.35
2012
 
39,150
0.945
41,414
209.1
2.00
88.50
2013
 
39,436
0.958
41,173
207.8
-0.58
88.82
2014
 
40,721
0.971
41,928
211.7
1.83
87.97
2015
 
42,149
0.973
43,319
218.7
3.32
87.70
2016
 
43,145
0.983
43,898
221.6
1.34
88.10
2017
 
44,570
1.000
44,570
225.0
1.53
87.39
2018
 
46,556
1.020
45,623
230.3
2.36
87.33
2019
 
48,270
1.035
46,631
235.4
2.21
86.90
2020
 
51,719
1.046
49,428
249.5
6.00
87.43
2021
 
56,934
1.090
52,232
263.7
5.67
88.37
2022
 
58,323
1.160
50,260
253.7
-3.78
89.08
Source: Calculations by the Indiana Regional Economic Analysis Project (IN-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the Indiana Regional Economic Analysis Project (IN-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, IN-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.