Rich County vs. Utah
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Rich County vs. Utah
Rich County:
2022 PCI = $45,226
2022 Percent of State = 76.07%
Utah:
2022 PCI = $59,457
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.
Rich County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Rich County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Rich 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 Rich County over time.
When measured in current dollars, Rich County's per capita personal income increased 1,287.80%, from $3,259 in 1970 to $45,226 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 136.39%, from $16,487 in 1970 to $38,974 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Rich County's and Utah'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, Rich County's real per capita personal income rose from $17,916 in 1969 to $38,974 in 2022, for a net gain of $21,058, or 117.53%. In comparison, Utah's real per capita personal income advanced from $17,232 in 1969 to $51,237 in 2022, for a net advance of $34,005, or 197.33%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Rich 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.
Rich County's overall real per capita personal income growth was 117.53% over 1969-2022 trailed Utah's increase of 197.33%, and fell below 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 Rich County and Utah per capita personal income as a percent of the national average over 1969-2022.
In 1969, Rich County's per capita personal income amounted to 86.07% of the national average; in 2022, it approximated 69.08%. Similarly, in 1969, Utah's per capita personal income totaled 82.78% of the national average; in 2022, it consisted of 90.82%.
Rich County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Rich County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Rich 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, Rich County's real per capita personal income grew at an annual rate of 1.72% over 1970-2022. The county recorded its highest growth in 2013 (21.10%) and recorded its lowest growth in 1975 (-17.40%). In 2022, Rich County's real per capita personal income declined by -3.65%
Rich County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Rich 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 depicts the annual percent change in Rich 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, Rich County's annual real per capita personal income growth rate averaged 1.02%. It averaged 1.89% in the 1980s, 2.90% in the 1990s, 0.27% in the 2000s, 2.57% throughout the 2010s, 1.63% 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 Rich County noted in the previous graph with the corresponding decade averages for Utah and the nation. As the chart reveals, Rich County's average annual real per capita personal income growth amounted to less than Utah's average during the 1970s (1.02% vs. 2.51%), led Utah's average during the 1980s (1.89% vs. 1.08%), registered above Utah's average throughout the 1990s (2.90% vs. 2.69%), amounted to less than Utah's average in the 2000s (0.27% vs. 1.18%), lagged Utah's average during the 2010s (2.57% vs. 2.68%), and recorded under Utah's average over the 3 year period of the current decade, 2020-2022 (1.63% vs. 3.34%).
Finally, relative to nationwide real per capita personal income growth trends, Rich County fell below the nation over the 1970s (1.02% vs. 2.37%), lagged the nation during the 1980s (1.89% vs. 2.19%), outgained the nation during the 1990s (2.90% vs. 2.01%), trailed the nation throughout the 2000s (0.27% vs. 1.10%), topped the nation during the 2010s (2.57% vs. 1.97%), and trailed the nation over 2020-2022 (1.63% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.72
1.02
1.89
2.90
0.27
2.57
1.63
-3.65
 
2.10
2.51
1.08
2.69
1.18
2.68
3.34
-2.09
 
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.

   
 
Rich County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,383
0.189
17,916
100.0
N
103.97
86.07
1970
 
3,259
0.198
16,487
92.0
-7.98
91.60
77.63
1971
 
3,280
0.206
15,918
88.8
-3.45
85.09
73.37
1972
 
3,313
0.213
15,549
86.8
-2.32
79.28
68.22
1973
 
4,144
0.225
18,453
103.0
18.68
91.67
77.26
1974
 
4,388
0.248
17,698
98.8
-4.09
89.00
75.19
1975
 
3,926
0.269
14,618
81.6
-17.40
73.51
62.09
1976
 
4,656
0.283
16,433
91.7
12.41
79.37
67.72
1977
 
5,376
0.302
17,817
99.4
8.42
83.85
71.54
1978
 
5,692
0.323
17,636
98.4
-1.01
79.96
68.12
1979
 
6,627
0.351
18,858
105.3
6.92
85.55
71.78
1980
 
7,454
0.389
19,147
106.9
1.54
89.10
73.19
1981
 
8,321
0.424
19,618
109.5
2.46
90.86
73.69
1982
 
8,188
0.448
18,288
102.1
-6.78
84.73
68.29
1983
 
8,923
0.467
19,117
106.7
4.53
88.20
70.25
1984
 
9,786
0.484
20,203
112.8
5.68
89.19
70.46
1985
 
9,878
0.501
19,706
110.0
-2.46
85.15
66.99
1986
 
10,282
0.512
20,075
112.1
1.87
85.36
66.41
1987
 
10,667
0.528
20,202
112.8
0.63
85.53
65.73
1988
 
12,424
0.549
22,645
126.4
12.09
94.08
71.23
1989
 
12,874
0.573
22,484
125.5
-0.71
91.73
69.00
1990
 
12,536
0.598
20,971
117.1
-6.73
83.55
63.90
1991
 
14,460
0.618
23,408
130.7
11.62
92.32
72.12
1992
 
16,025
0.634
25,268
141.0
7.95
97.77
76.03
1993
 
17,543
0.650
26,990
150.6
6.81
102.58
80.80
1994
 
16,248
0.664
24,486
136.7
-9.28
90.67
72.05
1995
 
16,290
0.678
24,043
134.2
-1.81
85.73
69.09
1996
 
17,140
0.692
24,767
138.2
3.01
85.03
69.32
1997
 
19,495
0.704
27,689
154.5
11.80
91.83
75.20
1998
 
19,225
0.710
27,090
151.2
-2.16
86.57
69.93
1999
 
21,027
0.720
29,203
163.0
7.80
91.44
73.54
2000
 
21,731
0.738
29,437
164.3
0.80
89.94
71.13
2001
 
24,046
0.753
31,932
178.2
8.48
96.70
76.22
2002
 
22,864
0.763
29,970
167.3
-6.14
90.85
71.90
2003
 
23,906
0.779
30,690
171.3
2.40
92.84
73.20
2004
 
24,638
0.798
30,864
172.3
0.57
91.32
72.08
2005
 
25,818
0.821
31,436
175.5
1.85
89.80
72.38
2006
 
26,487
0.844
31,368
175.1
-0.22
85.15
69.99
2007
 
27,272
0.866
31,490
175.8
0.39
82.83
68.89
2008
 
28,401
0.892
31,850
177.8
1.15
84.07
69.52
2009
 
26,462
0.889
29,760
166.1
-6.56
83.23
67.32
2010
 
26,372
0.905
29,136
162.6
-2.10
82.31
65.02
2011
 
28,407
0.928
30,609
170.8
5.06
83.50
66.61
2012
 
29,146
0.945
30,831
172.1
0.72
81.79
65.89
2013
 
35,763
0.958
37,338
208.4
21.10
99.02
80.54
2014
 
38,934
0.971
40,088
223.8
7.37
103.44
84.11
2015
 
38,458
0.973
39,526
220.6
-1.40
96.39
80.02
2016
 
34,684
0.983
35,290
197.0
-10.72
83.96
70.83
2017
 
34,956
1.000
34,956
195.1
-0.95
81.21
68.54
2018
 
35,877
1.020
35,157
196.2
0.58
78.90
67.30
2019
 
38,596
1.035
37,286
208.1
6.05
80.15
69.48
2020
 
42,525
1.046
40,641
226.8
9.00
82.17
71.89
2021
 
44,091
1.090
40,450
225.8
-0.47
77.30
68.43
2022
 
45,226
1.160
38,974
217.5
-3.65
76.07
69.08
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 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.

   
 
Utah:
Per Capita Personal Income, 1969-2022
 
1969
 
3,254
0.189
17,232
100.0
N
82.78
1970
 
3,558
0.198
18,000
104.5
4.45
84.75
1971
 
3,855
0.206
18,708
108.6
3.94
86.22
1972
 
4,179
0.213
19,612
113.8
4.83
86.04
1973
 
4,520
0.225
20,129
116.8
2.64
84.28
1974
 
4,930
0.248
19,886
115.4
-1.21
84.49
1975
 
5,341
0.269
19,885
115.4
-0.01
84.46
1976
 
5,866
0.283
20,704
120.1
4.12
85.32
1977
 
6,412
0.302
21,248
123.3
2.63
85.31
1978
 
7,119
0.323
22,056
128.0
3.80
85.19
1979
 
7,747
0.351
22,044
127.9
-0.06
83.91
1980
 
8,365
0.389
21,489
124.7
-2.52
82.14
1981
 
9,158
0.424
21,591
125.3
0.48
81.10
1982
 
9,663
0.448
21,583
125.2
-0.04
80.59
1983
 
10,117
0.467
21,675
125.8
0.43
79.66
1984
 
10,972
0.484
22,652
131.5
4.51
79.00
1985
 
11,601
0.501
23,143
134.3
2.17
78.67
1986
 
12,046
0.512
23,518
136.5
1.62
77.80
1987
 
12,471
0.528
23,619
137.1
0.43
76.85
1988
 
13,206
0.549
24,069
139.7
1.91
75.71
1989
 
14,035
0.573
24,511
142.2
1.83
75.22
1990
 
15,004
0.598
25,101
145.7
2.41
76.48
1991
 
15,663
0.618
25,356
147.1
1.01
78.12
1992
 
16,390
0.634
25,844
150.0
1.93
77.76
1993
 
17,102
0.650
26,311
152.7
1.81
78.76
1994
 
17,920
0.664
27,006
156.7
2.64
79.46
1995
 
19,003
0.678
28,047
162.8
3.85
80.60
1996
 
20,156
0.692
29,126
169.0
3.85
81.52
1997
 
21,229
0.704
30,152
175.0
3.52
81.88
1998
 
22,207
0.710
31,291
181.6
3.78
80.77
1999
 
22,995
0.720
31,938
185.3
2.07
80.42
2000
 
24,162
0.738
32,729
189.9
2.48
79.09
2001
 
24,867
0.753
33,023
191.6
0.90
78.82
2002
 
25,167
0.763
32,988
191.4
-0.10
79.14
2003
 
25,749
0.779
33,056
191.8
0.21
78.84
2004
 
26,980
0.798
33,798
196.1
2.25
78.93
2005
 
28,751
0.821
35,008
203.2
3.58
80.60
2006
 
31,107
0.844
36,839
213.8
5.23
82.20
2007
 
32,924
0.866
38,016
220.6
3.19
83.17
2008
 
33,784
0.892
37,887
219.9
-0.34
82.69
2009
 
31,796
0.889
35,758
207.5
-5.62
80.89
2010
 
32,038
0.905
35,396
205.4
-1.01
78.99
2011
 
34,022
0.928
36,660
212.7
3.57
79.77
2012
 
35,633
0.945
37,694
218.7
2.82
80.55
2013
 
36,116
0.958
37,707
218.8
0.04
81.34
2014
 
37,638
0.971
38,754
224.9
2.78
81.31
2015
 
39,899
0.973
41,007
238.0
5.81
83.02
2016
 
41,312
0.983
42,033
243.9
2.50
84.36
2017
 
43,044
1.000
43,044
249.8
2.40
84.39
2018
 
45,473
1.020
44,561
258.6
3.52
85.30
2019
 
48,156
1.035
46,522
270.0
4.40
86.69
2020
 
51,751
1.046
49,459
287.0
6.31
87.49
2021
 
57,042
1.090
52,331
303.7
5.81
88.53
2022
 
59,457
1.160
51,237
297.3
-2.09
90.82
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 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 Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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