St. Joseph County vs. Indiana
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
St. Joseph County:
2017 PCI = $46,118
2017 Percent of State = 102.1%
Indiana:
2017 PCI = $45,150
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:
Personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current tranfer receipts, less contributions for government social insurance. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. In computing per capita personal income, BEA uses the Census Bureau's annual midyear population estimates.
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.
St. Joseph County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
St. Joseph County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts St. Joseph County's annual per capita personal income over 1969-2017 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of St. Joseph County over time.
When measured in current dollars, St. Joseph County's per capita personal income increased 1,130.3%, from $3,749 in 1969 to $46,118 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 132.1%, from $18,729 in 1969 to $43,478 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 traces St. Joseph County's and Indiana's annual real per capita personal income for the period 1969-2017 to illustrate real per capita personal income patterns over time. During this 49-year period, St. Joseph County's real per capita personal income rose from $18,729 in 1969 to $43,478 in 2017, for a net gain of $24,749, or 132.1%. In comparison, Indiana's real per capita personal income increased from $18,649 in 1969 to $42,565 in 2017, for a net gain of $23,916, or 128.2%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays St. Joseph 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.
St. Joseph County's overall real per capita personal income growth was 132.1% over 1969-2017 outpaced Indiana's increase of 128.2%, and fell below the United States' increase of 147.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing St. Joseph County and Indiana per capita personal income as a percent of the national average over 1969-2017.
In 1969, St. Joseph County's per capita personal income amounted to 95.4% of the national average; in 2017, it approximated 89.3%. Similarly, in 1969, Indiana's per capita personal income totaled 95.0% of the national average; in 2017, it consisted of 87.4%.
St. Joseph County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
St. Joseph County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of St. Joseph County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, St. Joseph County's real per capita personal income grew at an annual rate of 1.80% over 1970-2017. The county recorded its highest growth in 1998 (7.22%) and posted its lowest growth in 2009 (-6.01%). In 2017, St. Joseph County's real per capita personal income grew by 3.72%
St. Joseph County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
St. Joseph County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in St. Joseph County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1970s, St. Joseph County's annual real per capita personal income growth rate averaged 2.33%. It averaged 1.86% in the 1980s, 2.14% during the 1990s, 0.36% during the 2000s, and 2.44% thus far this decade (2010 to 2017).
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 St. Joseph County noted in the previous graph with the corresponding decade averages for Indiana and the nation. As the chart reveals, St. Joseph County's average annual real per capita personal income growth exceeded Indiana's average in the 1970s (2.33% vs. 2.32%), outperformed Indiana's average throughout the 1980s (1.86% vs. 1.79%), trailed Indiana's average throughout the 1990s (2.14% vs. 2.30%), trailed Indiana's average in the 2000s (0.36% vs. 0.39%), and outperformed Indiana's average over the 8 year period of the last decade, 2010-2017 (2.44% vs. 2.07%).
Finally, relative to nationwide real per capita personal income growth trends, St. Joseph County lagged the nation over the 1970s (2.33% vs. 2.35%), recorded underneath the nation in the 1980s (1.86% vs. 2.21%), outpaced the nation in the 1990s (2.14% vs. 2.02%), recorded underneath the nation over the 2000s (0.36% vs. 1.10%), and recorded above the nation over 2010-2017 (2.44% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.80
2.33
1.86
2.14
0.36
2.44
3.72
 
1.76
2.32
1.79
2.30
0.39
2.07
1.79
 
1.93
2.35
2.21
2.02
1.10
1.95
1.84
 
   

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

   
 
St. Joseph County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,749
0.200
18,729
100.0
N
100.43
95.38
1970
 
3,875
0.210
18,494
98.7
-1.25
101.03
92.35
1971
 
4,126
0.218
18,889
100.9
2.13
99.79
92.34
1972
 
4,526
0.226
20,037
107.0
6.08
100.93
93.26
1973
 
5,064
0.238
21,274
113.6
6.17
99.04
94.60
1974
 
5,514
0.263
20,983
112.0
-1.36
101.25
94.69
1975
 
5,933
0.285
20,838
111.3
-0.69
100.93
93.99
1976
 
6,572
0.300
21,882
116.8
5.01
100.99
95.86
1977
 
7,215
0.320
22,557
120.4
3.09
100.79
96.28
1978
 
7,968
0.342
23,291
124.4
3.25
100.51
95.56
1979
 
8,750
0.373
23,491
125.4
0.86
100.67
94.99
1980
 
9,531
0.413
23,098
123.3
-1.67
102.26
93.87
1981
 
10,577
0.450
23,526
125.6
1.85
103.27
93.91
1982
 
11,075
0.475
23,338
124.6
-0.80
104.31
92.70
1983
 
11,788
0.495
23,826
127.2
2.09
105.57
93.17
1984
 
12,988
0.513
25,296
135.1
6.17
104.91
93.71
1985
 
13,631
0.531
25,653
137.0
1.41
104.33
92.61
1986
 
14,447
0.543
26,610
142.1
3.73
104.75
93.45
1987
 
15,325
0.560
27,383
146.2
2.90
105.03
94.22
1988
 
16,225
0.582
27,902
149.0
1.90
104.29
93.11
1989
 
17,109
0.607
28,191
150.5
1.04
101.49
91.72
1990
 
17,685
0.634
27,914
149.0
-0.98
100.00
90.27
1991
 
17,966
0.655
27,441
146.5
-1.70
99.79
89.90
1992
 
19,214
0.672
28,584
152.6
4.17
99.50
91.24
1993
 
20,116
0.689
29,200
155.9
2.15
99.90
92.71
1994
 
21,112
0.703
30,019
160.3
2.81
99.58
93.67
1995
 
21,931
0.718
30,539
163.1
1.73
99.96
93.05
1996
 
22,824
0.733
31,118
166.1
1.89
99.35
92.30
1997
 
23,680
0.746
31,733
169.4
1.98
98.80
91.25
1998
 
25,591
0.752
34,023
181.7
7.22
99.58
93.03
1999
 
26,539
0.763
34,765
185.6
2.18
99.87
92.70
2000
 
27,596
0.782
35,273
188.3
1.46
98.00
90.18
2001
 
28,347
0.797
35,551
189.8
0.79
98.98
89.74
2002
 
29,216
0.808
36,164
193.1
1.72
101.03
91.78
2003
 
29,558
0.824
35,890
191.6
-0.76
100.56
90.45
2004
 
31,211
0.844
36,975
197.4
3.02
102.00
91.12
2005
 
32,271
0.868
37,174
198.5
0.54
102.97
90.02
2006
 
34,415
0.892
38,593
206.1
3.82
104.37
90.29
2007
 
35,598
0.914
38,932
207.9
0.88
104.97
89.34
2008
 
35,993
0.942
38,217
204.1
-1.84
102.39
87.99
2009
 
33,797
0.941
35,919
191.8
-6.01
99.36
86.03
2010
 
34,597
0.957
36,149
193.0
0.64
97.85
85.33
2011
 
36,552
0.981
37,248
198.9
3.04
97.38
85.55
2012
 
38,507
1.000
38,507
205.6
3.38
98.21
86.37
2013
 
38,946
1.013
38,429
205.2
-0.20
98.56
86.88
2014
 
40,964
1.029
39,822
212.6
3.63
100.18
87.11
2015
 
43,437
1.031
42,121
224.9
5.77
102.66
88.76
2016
 
43,695
1.042
41,920
223.8
-0.48
100.25
87.69
2017
 
46,118
1.061
43,478
232.1
3.72
102.14
89.31
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 2018
REAP_PI_CA1400_700_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
3,733
0.200
18,649
100.0
N
94.97
1970
 
3,835
0.210
18,306
98.2
-1.84
91.41
1971
 
4,134
0.218
18,929
101.5
3.40
92.54
1972
 
4,484
0.226
19,853
106.5
4.88
92.40
1973
 
5,112
0.238
21,479
115.2
8.19
95.52
1974
 
5,447
0.263
20,725
111.1
-3.51
93.52
1975
 
5,878
0.285
20,646
110.7
-0.38
93.12
1976
 
6,507
0.300
21,667
116.2
4.95
94.91
1977
 
7,159
0.320
22,380
120.0
3.29
95.52
1978
 
7,928
0.342
23,174
124.3
3.54
95.08
1979
 
8,692
0.373
23,335
125.1
0.70
94.36
1980
 
9,321
0.413
22,589
121.1
-3.20
91.80
1981
 
10,242
0.450
22,781
122.2
0.85
90.94
1982
 
10,618
0.475
22,374
120.0
-1.79
88.88
1983
 
11,166
0.495
22,569
121.0
0.87
88.25
1984
 
12,380
0.513
24,112
129.3
6.84
89.32
1985
 
13,065
0.531
24,589
131.9
1.98
88.77
1986
 
13,792
0.543
25,403
136.2
3.31
89.21
1987
 
14,591
0.560
26,072
139.8
2.63
89.71
1988
 
15,558
0.582
26,754
143.5
2.62
89.28
1989
 
16,859
0.607
27,779
149.0
3.83
90.38
1990
 
17,685
0.634
27,914
149.7
0.49
90.27
1991
 
18,005
0.655
27,499
147.5
-1.49
90.09
1992
 
19,311
0.672
28,729
154.1
4.47
91.70
1993
 
20,137
0.689
29,230
156.7
1.74
92.81
1994
 
21,201
0.703
30,145
161.6
3.13
94.07
1995
 
21,940
0.718
30,553
163.8
1.35
93.09
1996
 
22,972
0.733
31,320
167.9
2.51
92.90
1997
 
23,968
0.746
32,119
172.2
2.55
92.36
1998
 
25,699
0.752
34,167
183.2
6.37
93.42
1999
 
26,573
0.763
34,810
186.7
1.88
92.82
2000
 
28,159
0.782
35,992
193.0
3.40
92.01
2001
 
28,640
0.797
35,917
192.6
-0.21
90.66
2002
 
28,918
0.808
35,794
191.9
-0.34
90.85
2003
 
29,394
0.824
35,690
191.4
-0.29
89.94
2004
 
30,598
0.844
36,249
194.4
1.57
89.34
2005
 
31,339
0.868
36,100
193.6
-0.41
87.42
2006
 
32,973
0.892
36,976
198.3
2.43
86.51
2007
 
33,913
0.914
37,088
198.9
0.30
85.11
2008
 
35,152
0.942
37,324
200.1
0.63
85.94
2009
 
34,015
0.941
36,150
193.8
-3.15
86.59
2010
 
35,358
0.957
36,945
198.1
2.20
87.21
2011
 
37,535
0.981
38,249
205.1
3.53
87.85
2012
 
39,209
1.000
39,209
210.2
2.51
87.95
2013
 
39,517
1.013
38,992
209.1
-0.55
88.16
2014
 
40,890
1.029
39,750
213.1
1.94
86.95
2015
 
42,312
1.031
41,029
220.0
3.22
86.46
2016
 
43,588
1.042
41,817
224.2
1.92
87.47
2017
 
45,150
1.061
42,565
228.2
1.79
87.43
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 2018
REAP_PI_CA1400_700_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
3,930
0.200
19,636
100.0
N
1970
 
4,196
0.210
20,026
102.0
1.98
1971
 
4,468
0.218
20,455
104.2
2.14
1972
 
4,853
0.226
21,485
109.4
5.04
1973
 
5,352
0.238
22,487
114.5
4.66
1974
 
5,824
0.263
22,161
112.9
-1.45
1975
 
6,312
0.285
22,171
112.9
0.05
1976
 
6,856
0.300
22,828
116.3
2.96
1977
 
7,494
0.320
23,430
119.3
2.64
1978
 
8,338
0.342
24,372
124.1
4.02
1979
 
9,212
0.373
24,730
125.9
1.47
1980
 
10,153
0.413
24,606
125.3
-0.50
1981
 
11,262
0.450
25,051
127.6
1.81
1982
 
11,947
0.475
25,175
128.2
0.49
1983
 
12,652
0.495
25,573
130.2
1.58
1984
 
13,860
0.513
26,995
137.5
5.56
1985
 
14,719
0.531
27,701
141.1
2.62
1986
 
15,459
0.543
28,475
145.0
2.79
1987
 
16,265
0.560
29,064
148.0
2.07
1988
 
17,426
0.582
29,968
152.6
3.11
1989
 
18,653
0.607
30,735
156.5
2.56
1990
 
19,591
0.634
30,923
157.5
0.61
1991
 
19,985
0.655
30,524
155.4
-1.29
1992
 
21,060
0.672
31,330
159.6
2.64
1993
 
21,698
0.689
31,496
160.4
0.53
1994
 
22,538
0.703
32,046
163.2
1.75
1995
 
23,568
0.718
32,820
167.1
2.42
1996
 
24,728
0.733
33,715
171.7
2.73
1997
 
25,950
0.746
34,775
177.1
3.14
1998
 
27,510
0.752
36,574
186.3
5.18
1999
 
28,627
0.763
37,501
191.0
2.53
2000
 
30,602
0.782
39,116
199.2
4.31
2001
 
31,589
0.797
39,616
201.7
1.28
2002
 
31,832
0.808
39,401
200.7
-0.54
2003
 
32,681
0.824
39,681
202.1
0.71
2004
 
34,251
0.844
40,576
206.6
2.26
2005
 
35,849
0.868
41,295
210.3
1.77
2006
 
38,114
0.892
42,742
217.7
3.50
2007
 
39,844
0.914
43,575
221.9
1.95
2008
 
40,904
0.942
43,431
221.2
-0.33
2009
 
39,284
0.941
41,750
212.6
-3.87
2010
 
40,545
0.957
42,364
215.7
1.47
2011
 
42,727
0.981
43,540
221.7
2.78
2012
 
44,582
1.000
44,582
227.0
2.39
2013
 
44,826
1.013
44,231
225.2
-0.79
2014
 
47,025
1.029
45,714
232.8
3.35
2015
 
48,940
1.031
47,456
241.7
3.81
2016
 
49,831
1.042
47,806
243.5
0.74
2017
 
51,640
1.061
48,684
247.9
1.84
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 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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