Warren County vs. Ohio
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Warren County:
2017 PCI = $56,808
2017 Percent of State = 121.6%
Ohio:
2017 PCI = $46,732
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.
Warren County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Warren County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Warren 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 Warren County over time.
When measured in current dollars, Warren County's per capita personal income increased 1,506.2%, from $3,537 in 1969 to $56,808 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 203.1%, from $17,671 in 1969 to $53,555 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 tracks Warren County's and Ohio'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, Warren County's real per capita personal income rose from $17,671 in 1969 to $53,555 in 2017, for a net gain of $35,884, or 203.1%. In comparison, Ohio's real per capita personal income increased from $19,778 in 1969 to $44,056 in 2017, for a net gain of $24,278, or 122.8%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Warren County's real per capita personal income growth in a broader context by offering direct comparisons across time with Ohio, 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.
Warren County's overall real per capita personal income growth was 203.1% over 1969-2017 outpaced Ohio's increase of 122.8%, and topped 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 Warren County and Ohio per capita personal income as a percent of the national average over 1969-2017.
In 1969, Warren County's per capita personal income amounted to 90.0% of the national average; in 2017, it approximated 110.0%. Similarly, in 1969, Ohio's per capita personal income totaled 100.7% of the national average; in 2017, it consisted of 90.5%.
Warren County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Warren County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Warren 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 traced 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, Warren County's real per capita personal income grew at an annual rate of 2.36% over 1970-2017. The county posted its highest growth in 1984 (7.83%) and posted its lowest growth in 1970 (-2.40%). In 2017, Warren County's real per capita personal income grew by 1.61%
Warren County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Warren 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 shows the annual percent change in Warren 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, Warren County's annual real per capita personal income growth rate averaged 2.32%. It averaged 2.65% during the 1980s, 3.17% in the 1990s, 1.35% throughout the 2000s, and 2.32% 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 Warren County noted in the previous graph with the corresponding decade averages for Ohio and the nation. As the chart reveals, Warren County's average annual real per capita personal income growth recorded above Ohio's average in the 1970s (2.32% vs. 2.13%), outperformed Ohio's average in the 1980s (2.65% vs. 1.83%), outpaced Ohio's average in the 1990s (3.17% vs. 2.04%), led Ohio's average in the 2000s (1.35% vs. 0.63%), and outgained Ohio's average over the 8 year period of the last decade, 2010-2017 (2.32% vs. 1.92%).
Finally, relative to nationwide real per capita personal income growth trends, Warren County posted below the nation throughout the 1970s (2.32% vs. 2.35%), led the nation throughout the 1980s (2.65% vs. 2.21%), exceeded the nation throughout the 1990s (3.17% vs. 2.02%), outgained the nation over the 2000s (1.35% vs. 1.10%), and outpaced the nation over 2010-2017 (2.32% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.36
2.32
2.65
3.17
1.35
2.32
1.61
 
1.70
2.13
1.83
2.04
0.63
1.92
1.65
 
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.

   
 
Warren County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,537
0.200
17,671
100.0
N
89.35
89.99
1970
 
3,613
0.210
17,247
97.6
-2.40
87.38
86.12
1971
 
3,718
0.218
17,025
96.3
-1.29
85.02
83.23
1972
 
4,112
0.226
18,204
103.0
6.93
86.75
84.73
1973
 
4,614
0.238
19,387
109.7
6.50
88.00
86.21
1974
 
5,025
0.263
19,120
108.2
-1.38
87.47
86.28
1975
 
5,497
0.285
19,307
109.3
0.98
89.54
87.08
1976
 
6,078
0.300
20,238
114.5
4.82
90.16
88.65
1977
 
6,696
0.320
20,935
118.5
3.44
89.85
89.35
1978
 
7,362
0.342
21,521
121.8
2.80
89.55
88.30
1979
 
8,241
0.373
22,123
125.2
2.80
90.77
89.46
1980
 
9,125
0.413
22,114
125.1
-0.04
92.08
89.87
1981
 
9,995
0.450
22,231
125.8
0.53
92.67
88.74
1982
 
10,448
0.475
22,017
124.6
-0.96
92.36
87.46
1983
 
11,259
0.495
22,758
128.8
3.36
93.72
88.99
1984
 
12,599
0.513
24,539
138.9
7.83
94.97
90.90
1985
 
13,673
0.531
25,733
145.6
4.86
96.99
92.89
1986
 
14,489
0.543
26,687
151.0
3.71
98.12
93.72
1987
 
15,151
0.560
27,072
153.2
1.44
98.20
93.15
1988
 
16,247
0.582
27,939
158.1
3.20
98.54
93.23
1989
 
17,384
0.607
28,644
162.1
2.52
98.28
93.20
1990
 
18,459
0.634
29,137
164.9
1.72
98.88
94.22
1991
 
19,163
0.655
29,269
165.6
0.45
101.24
95.89
1992
 
20,524
0.672
30,534
172.8
4.32
102.45
97.46
1993
 
21,459
0.689
31,149
176.3
2.01
103.47
98.90
1994
 
22,656
0.703
32,214
182.3
3.42
104.01
100.52
1995
 
23,576
0.718
32,831
185.8
1.92
103.83
100.03
1996
 
25,015
0.733
34,106
193.0
3.88
105.50
101.16
1997
 
27,114
0.746
36,335
205.6
6.54
108.30
104.49
1998
 
28,708
0.752
38,168
216.0
5.05
108.84
104.36
1999
 
29,842
0.763
39,092
221.2
2.42
109.80
104.24
2000
 
30,840
0.782
39,419
223.1
0.84
108.18
100.78
2001
 
31,996
0.797
40,126
227.1
1.79
108.85
101.29
2002
 
32,131
0.808
39,771
225.1
-0.89
107.84
100.94
2003
 
32,665
0.824
39,663
224.4
-0.27
106.78
99.95
2004
 
34,832
0.844
41,265
233.5
4.04
109.82
101.70
2005
 
36,744
0.868
42,326
239.5
2.57
112.60
102.50
2006
 
39,009
0.892
43,745
247.5
3.35
113.93
102.35
2007
 
40,851
0.914
44,676
252.8
2.13
114.67
102.53
2008
 
43,026
0.942
45,685
258.5
2.26
117.16
105.19
2009
 
41,968
0.941
44,602
252.4
-2.37
117.76
106.83
2010
 
43,212
0.957
45,151
255.5
1.23
117.86
106.58
2011
 
45,670
0.981
46,539
263.4
3.08
116.66
106.89
2012
 
47,742
1.000
47,742
270.2
2.58
117.32
107.09
2013
 
48,845
1.013
48,197
272.7
0.95
118.59
108.97
2014
 
50,985
1.029
49,563
280.5
2.84
119.05
108.42
2015
 
52,980
1.031
51,374
290.7
3.65
119.19
108.26
2016
 
54,941
1.042
52,709
298.3
2.60
121.62
110.25
2017
 
56,808
1.061
53,555
303.1
1.61
121.56
110.01
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-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.

   
 
Ohio:
Per Capita Personal Income, 1969-2017
 
1969
 
3,959
0.200
19,778
100.0
N
100.72
1970
 
4,136
0.210
19,739
99.8
-0.20
98.57
1971
 
4,373
0.218
20,024
101.2
1.44
97.89
1972
 
4,739
0.226
20,984
106.1
4.80
97.67
1973
 
5,244
0.238
22,030
111.4
4.99
97.97
1974
 
5,744
0.263
21,858
110.5
-0.78
98.63
1975
 
6,139
0.285
21,563
109.0
-1.35
97.25
1976
 
6,741
0.300
22,446
113.5
4.10
98.32
1977
 
7,453
0.320
23,299
117.8
3.80
99.44
1978
 
8,222
0.342
24,032
121.5
3.14
98.60
1979
 
9,079
0.373
24,372
123.2
1.41
98.55
1980
 
9,909
0.413
24,016
121.4
-1.46
97.60
1981
 
10,785
0.450
23,990
121.3
-0.11
95.76
1982
 
11,312
0.475
23,837
120.5
-0.64
94.69
1983
 
12,014
0.495
24,283
122.8
1.87
94.96
1984
 
13,267
0.513
25,840
130.6
6.41
95.72
1985
 
14,097
0.531
26,531
134.1
2.67
95.77
1986
 
14,766
0.543
27,199
137.5
2.52
95.52
1987
 
15,428
0.560
27,568
139.4
1.36
94.86
1988
 
16,488
0.582
28,353
143.4
2.85
94.61
1989
 
17,689
0.607
29,146
147.4
2.79
94.83
1990
 
18,669
0.634
29,468
149.0
1.11
95.29
1991
 
18,929
0.655
28,911
146.2
-1.89
94.72
1992
 
20,034
0.672
29,804
150.7
3.09
95.13
1993
 
20,740
0.689
30,105
152.2
1.01
95.58
1994
 
21,782
0.703
30,972
156.6
2.88
96.65
1995
 
22,707
0.718
31,620
159.9
2.09
96.34
1996
 
23,710
0.733
32,326
163.4
2.23
95.88
1997
 
25,037
0.746
33,551
169.6
3.79
96.48
1998
 
26,376
0.752
35,067
177.3
4.52
95.88
1999
 
27,179
0.763
35,603
180.0
1.53
94.94
2000
 
28,509
0.782
36,440
184.2
2.35
93.16
2001
 
29,393
0.797
36,862
186.4
1.16
93.05
2002
 
29,796
0.808
36,881
186.5
0.05
93.60
2003
 
30,591
0.824
37,143
187.8
0.71
93.60
2004
 
31,719
0.844
37,576
190.0
1.17
92.61
2005
 
32,632
0.868
37,589
190.1
0.03
91.03
2006
 
34,240
0.892
38,396
194.1
2.15
89.83
2007
 
35,624
0.914
38,960
197.0
1.47
89.41
2008
 
36,724
0.942
38,994
197.2
0.09
89.78
2009
 
35,638
0.941
37,875
191.5
-2.87
90.72
2010
 
36,663
0.957
38,308
193.7
1.14
90.43
2011
 
39,148
0.981
39,894
201.7
4.14
91.63
2012
 
40,695
1.000
40,695
205.8
2.01
91.28
2013
 
41,187
1.013
40,640
205.5
-0.13
91.88
2014
 
42,826
1.029
41,632
210.5
2.44
91.07
2015
 
44,451
1.031
43,104
217.9
3.54
90.83
2016
 
45,176
1.042
43,340
219.1
0.55
90.66
2017
 
46,732
1.061
44,056
222.8
1.65
90.49
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-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 Ohio Regional Economic Analysis Project (OH-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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