Box Elder County vs. Utah
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Box Elder County:
2017 PCI = $35,552
2017 Percent of State = 81.8%
Utah:
2017 PCI = $43,459
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.
Box Elder County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Box Elder County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Box Elder 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 Box Elder County over time.
When measured in current dollars, Box Elder County's per capita personal income increased 959.4%, from $3,356 in 1969 to $35,552 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 99.9%, from $16,767 in 1969 to $33,517 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 tracks Box Elder County's and Utah'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, Box Elder County's real per capita personal income rose from $16,767 in 1969 to $33,517 in 2017, for a net gain of $16,750, or 99.9%. In comparison, Utah's real per capita personal income advanced from $16,142 in 1969 to $40,971 in 2017, for a net advance of $24,829, or 153.8%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows Box Elder County's real per capita personal income growth in a broader context by offering direct comparisons across time with Utah, 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.
Box Elder County's overall real per capita personal income growth was 99.9% over 1969-2017 trailed Utah's increase of 153.8%, 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 portrays the trends for per capita personal income relative to the national average by tracing Box Elder County and Utah per capita personal income as a percent of the national average over 1969-2017.
In 1969, Box Elder County's per capita personal income amounted to 85.4% of the national average; in 2017, it approximated 68.8%. Similarly, in 1969, Utah's per capita personal income totaled 82.2% of the national average; in 2017, it consisted of 84.2%.
Box Elder County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Box Elder County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of Box Elder 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, Box Elder County's real per capita personal income grew at an annual rate of 1.48% over 1970-2017. The county posted its highest growth in 2007 (6.01%) and recorded its lowest growth in 1990 (-4.84%). In 2017, Box Elder County's real per capita personal income grew by 1.69%
Box Elder County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Box Elder 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 illustrates the annual percent change in Box Elder 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, and 2010-2017.
During the 1970s, Box Elder County's annual real per capita personal income growth rate averaged 1.69%. It averaged 2.09% during the 1980s, 0.95% in the 1990s, 1.23% throughout the 2000s, and 1.44% 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 Box Elder County noted in the previous graph with the corresponding decade averages for Utah and the nation. As the chart reveals, Box Elder County's average annual real per capita personal income growth trailed Utah's average throughout the 1970s (1.69% vs. 2.47%), recorded above Utah's average during the 1980s (2.09% vs. 1.09%), recorded under Utah's average during the 1990s (0.95% vs. 2.78%), lagged Utah's average in the 2000s (1.23% vs. 1.24%), and amounted to less than Utah's average over the 8 year period of the last decade, 2010-2017 (1.44% vs. 2.41%).
Finally, relative to nationwide real per capita personal income growth trends, Box Elder County trailed the nation in the 1970s (1.69% vs. 2.35%), recorded underneath the nation in the 1980s (2.09% vs. 2.21%), lagged the nation during the 1990s (0.95% vs. 2.02%), outpaced the nation throughout the 2000s (1.23% vs. 1.10%), and fell under the nation over 2010-2017 (1.44% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.48
1.69
2.09
0.95
1.23
1.44
1.69
 
1.98
2.47
1.09
2.78
1.24
2.41
1.25
 
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.

   
 
Box Elder County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,356
0.200
16,767
100.0
N
103.87
85.38
1970
 
3,548
0.210
16,933
101.0
0.99
100.36
84.55
1971
 
3,823
0.218
17,503
104.4
3.37
99.75
85.57
1972
 
4,157
0.226
18,407
109.8
5.16
100.08
85.67
1973
 
4,531
0.238
19,035
113.5
3.41
101.05
84.65
1974
 
5,002
0.263
19,032
113.5
-0.02
102.27
85.88
1975
 
5,161
0.285
18,129
108.1
-4.74
97.35
81.77
1976
 
5,579
0.300
18,577
110.8
2.47
96.02
81.38
1977
 
5,975
0.320
18,681
111.4
0.56
94.12
79.73
1978
 
6,649
0.342
19,436
115.9
4.04
94.48
79.74
1979
 
7,359
0.373
19,755
117.8
1.64
96.05
79.88
1980
 
8,143
0.413
19,734
117.7
-0.10
98.51
80.20
1981
 
8,968
0.450
19,948
119.0
1.08
99.03
79.63
1982
 
9,556
0.475
20,137
120.1
0.95
99.84
79.99
1983
 
10,256
0.495
20,730
123.6
2.94
102.52
81.06
1984
 
11,050
0.513
21,522
128.4
3.82
101.87
79.73
1985
 
11,826
0.531
22,256
132.7
3.41
102.91
80.35
1986
 
12,511
0.543
23,045
137.4
3.54
104.98
80.93
1987
 
13,528
0.560
24,173
144.2
4.89
109.46
83.17
1988
 
13,886
0.582
23,879
142.4
-1.22
106.38
79.68
1989
 
14,723
0.607
24,260
144.7
1.59
105.97
78.93
1990
 
14,627
0.634
23,087
137.7
-4.84
98.39
74.66
1991
 
15,013
0.655
22,930
136.8
-0.68
96.73
75.12
1992
 
16,009
0.672
23,817
142.0
3.87
98.26
76.02
1993
 
16,426
0.689
23,843
142.2
0.11
96.50
75.70
1994
 
16,821
0.703
23,917
142.6
0.31
94.08
74.63
1995
 
17,775
0.718
24,752
147.6
3.49
93.65
75.42
1996
 
19,133
0.733
26,086
155.6
5.39
95.07
77.37
1997
 
19,722
0.746
26,429
157.6
1.32
92.89
76.00
1998
 
20,038
0.752
26,641
158.9
0.80
90.19
72.84
1999
 
20,276
0.763
26,561
158.4
-0.30
88.20
70.83
2000
 
20,499
0.782
26,201
156.3
-1.35
84.92
66.98
2001
 
21,977
0.797
27,561
164.4
5.19
87.41
69.57
2002
 
21,772
0.808
26,949
160.7
-2.22
85.72
68.40
2003
 
22,600
0.824
27,442
163.7
1.83
87.22
69.16
2004
 
23,622
0.844
27,985
166.9
1.98
87.00
68.97
2005
 
24,532
0.868
28,259
168.5
0.98
84.46
68.43
2006
 
25,816
0.892
28,950
172.7
2.44
82.07
67.73
2007
 
28,063
0.914
30,691
183.0
6.01
84.41
70.43
2008
 
29,199
0.942
31,004
184.9
1.02
85.86
71.39
2009
 
28,141
0.941
29,907
178.4
-3.54
88.20
71.63
2010
 
28,090
0.957
29,350
175.1
-1.86
87.25
69.28
2011
 
29,514
0.981
30,076
179.4
2.47
86.28
69.08
2012
 
30,337
1.000
30,337
180.9
0.87
83.88
68.05
2013
 
31,473
1.013
31,055
185.2
2.37
85.61
70.21
2014
 
32,817
1.029
31,902
190.3
2.73
85.17
69.79
2015
 
33,721
1.031
32,699
195.0
2.50
82.59
68.90
2016
 
34,356
1.042
32,960
196.6
0.80
81.45
68.94
2017
 
35,552
1.061
33,517
199.9
1.69
81.81
68.85
Source: Calculations by the Utah Regional Economic Analysis Project (UT-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.

   
 
Utah:
Per Capita Personal Income, 1969-2017
 
1969
 
3,231
0.200
16,142
100.0
N
82.21
1970
 
3,535
0.210
16,871
104.5
4.52
84.25
1971
 
3,833
0.218
17,547
108.7
4.01
85.79
1972
 
4,154
0.226
18,391
113.9
4.81
85.60
1973
 
4,483
0.238
18,837
116.7
2.42
83.77
1974
 
4,891
0.263
18,609
115.3
-1.21
83.97
1975
 
5,302
0.285
18,622
115.4
0.07
83.99
1976
 
5,810
0.300
19,347
119.9
3.89
84.75
1977
 
6,349
0.320
19,849
123.0
2.59
84.72
1978
 
7,037
0.342
20,571
127.4
3.64
84.40
1979
 
7,661
0.373
20,567
127.4
-0.02
83.16
1980
 
8,266
0.413
20,032
124.1
-2.60
81.41
1981
 
9,056
0.450
20,144
124.8
0.56
80.41
1982
 
9,572
0.475
20,170
124.9
0.13
80.12
1983
 
10,004
0.495
20,220
125.3
0.25
79.07
1984
 
10,847
0.513
21,127
130.9
4.49
78.26
1985
 
11,492
0.531
21,628
134.0
2.37
78.07
1986
 
11,918
0.543
21,952
136.0
1.50
77.09
1987
 
12,360
0.560
22,085
136.8
0.61
75.99
1988
 
13,053
0.582
22,447
139.1
1.64
74.90
1989
 
13,894
0.607
22,893
141.8
1.99
74.48
1990
 
14,866
0.634
23,465
145.4
2.50
75.88
1991
 
15,521
0.655
23,706
146.9
1.02
77.66
1992
 
16,292
0.672
24,237
150.1
2.24
77.36
1993
 
17,021
0.689
24,707
153.1
1.94
78.44
1994
 
17,879
0.703
25,421
157.5
2.89
79.33
1995
 
18,981
0.718
26,431
163.7
3.97
80.53
1996
 
20,126
0.733
27,439
170.0
3.81
81.39
1997
 
21,231
0.746
28,451
176.3
3.69
81.82
1998
 
22,218
0.752
29,539
183.0
3.82
80.76
1999
 
22,988
0.763
30,113
186.5
1.94
80.30
2000
 
24,138
0.782
30,853
191.1
2.46
78.88
2001
 
25,141
0.797
31,529
195.3
2.19
79.59
2002
 
25,399
0.808
31,439
194.8
-0.29
79.79
2003
 
25,911
0.824
31,461
194.9
0.07
79.28
2004
 
27,152
0.844
32,166
199.3
2.24
79.27
2005
 
29,046
0.868
33,458
207.3
4.02
81.02
2006
 
31,454
0.892
35,273
218.5
5.42
82.53
2007
 
33,247
0.914
36,361
225.3
3.08
83.44
2008
 
34,009
0.942
36,111
223.7
-0.69
83.14
2009
 
31,907
0.941
33,910
210.1
-6.09
81.22
2010
 
32,194
0.957
33,639
208.4
-0.80
79.40
2011
 
34,209
0.981
34,860
216.0
3.63
80.06
2012
 
36,167
1.000
36,167
224.0
3.75
81.12
2013
 
36,764
1.013
36,275
224.7
0.30
82.01
2014
 
38,531
1.029
37,457
232.0
3.26
81.94
2015
 
40,831
1.031
39,593
245.3
5.70
83.43
2016
 
42,179
1.042
40,465
250.7
2.20
84.64
2017
 
43,459
1.061
40,971
253.8
1.25
84.16
Source: Calculations by the Utah Regional Economic Analysis Project (UT-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 Utah Regional Economic Analysis Project (UT-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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