Lake County vs. Oregon
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Lake County:
2017 PCI = $38,091
2017 Percent of State = 79.1%
Oregon:
2017 PCI = $48,137
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.
Lake County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Lake County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lake 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 Lake County over time.
When measured in current dollars, Lake County's per capita personal income increased 873.0%, from $3,915 in 1969 to $38,091 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 83.6%, from $19,558 in 1969 to $35,910 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 traces Lake County's and Oregon'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, Lake County's real per capita personal income rose from $19,558 in 1969 to $35,910 in 2017, for a net gain of $16,352, or 83.6%. In comparison, Oregon's real per capita personal income increased from $18,856 in 1969 to $45,381 in 2017, for a net gain of $26,525, or 140.7%.
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 Lake County's real per capita personal income growth in a broader context by offering direct comparisons across time with Oregon, 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.
Lake County's overall real per capita personal income growth was 83.6% over 1969-2017 trailed Oregon's increase of 140.7%, 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 displays the trends for per capita personal income relative to the national average by tracing Lake County and Oregon per capita personal income as a percent of the national average over 1969-2017.
In 1969, Lake County's per capita personal income amounted to 99.6% of the national average; in 2017, it approximated 73.8%. Similarly, in 1969, Oregon's per capita personal income totaled 96.0% of the national average; in 2017, it consisted of 93.2%.
Lake County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Lake County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Lake 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, Lake County's real per capita personal income grew at an annual rate of 1.38% over 1970-2017. The county posted its highest growth in 1979 (15.20%) and recorded its lowest growth in 1980 (-9.37%). In 2017, Lake County's real per capita personal income declined by -0.60%
Lake County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Lake 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 Lake 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, Lake County's annual real per capita personal income growth rate averaged 3.30%. It averaged -0.29% during the 1980s, 0.23% in the 1990s, 1.18% during the 2000s, and 2.74% 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 Lake County noted in the previous graph with the corresponding decade averages for Oregon and the nation. As the chart reveals, Lake County's average annual real per capita personal income growth outpaced Oregon's average during the 1970s (3.30% vs. 2.97%), posted below Oregon's average in the 1980s (-0.29% vs. 1.17%), posted below Oregon's average throughout the 1990s (0.23% vs. 2.20%), outgained Oregon's average during the 2000s (1.18% vs. 0.73%), and led Oregon's average over the 8 year period of the last decade, 2010-2017 (2.74% vs. 2.39%).
Finally, relative to nationwide real per capita personal income growth trends, Lake County recorded above the nation throughout the 1970s (3.30% vs. 2.35%), fell below the nation throughout the 1980s (-0.29% vs. 2.21%), fell below the nation over the 1990s (0.23% vs. 2.02%), recorded above the nation over the 2000s (1.18% vs. 1.10%), and recorded above the nation over 2010-2017 (2.74% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.38
3.30
-0.29
0.23
1.18
2.74
-0.60
 
1.87
2.97
1.17
2.20
0.73
2.39
1.92
 
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.

   
 
Lake County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,915
0.200
19,558
100.0
N
103.72
99.60
1970
 
3,944
0.210
18,823
96.2
-3.76
97.78
93.99
1971
 
4,344
0.218
19,888
101.7
5.66
100.31
97.23
1972
 
4,662
0.226
20,643
105.5
3.79
98.11
96.08
1973
 
5,430
0.238
22,815
116.7
10.52
103.48
101.46
1974
 
5,930
0.263
22,564
115.4
-1.10
101.53
101.82
1975
 
6,383
0.285
22,419
114.6
-0.64
100.36
101.12
1976
 
7,050
0.300
23,476
120.0
4.71
100.24
102.84
1977
 
7,466
0.320
23,342
119.3
-0.57
97.56
99.62
1978
 
7,920
0.342
23,152
118.4
-0.81
92.81
94.99
1979
 
9,935
0.373
26,671
136.4
15.20
105.75
107.85
1980
 
9,974
0.413
24,171
123.6
-9.37
98.20
98.23
1981
 
10,569
0.450
23,508
120.2
-2.74
97.31
93.84
1982
 
10,116
0.475
21,317
109.0
-9.32
90.76
84.68
1983
 
11,439
0.495
23,122
118.2
8.47
96.28
90.42
1984
 
11,980
0.513
23,334
119.3
0.92
93.37
86.44
1985
 
12,222
0.531
23,002
117.6
-1.42
91.01
83.04
1986
 
12,917
0.543
23,792
121.6
3.43
91.56
83.55
1987
 
13,094
0.560
23,397
119.6
-1.66
88.74
80.50
1988
 
14,420
0.582
24,797
126.8
5.98
91.05
82.75
1989
 
15,474
0.607
25,497
130.4
2.82
90.29
82.96
1990
 
15,798
0.634
24,935
127.5
-2.20
87.45
80.64
1991
 
15,955
0.655
24,369
124.6
-2.27
85.95
79.84
1992
 
16,758
0.672
24,930
127.5
2.30
86.20
79.57
1993
 
18,479
0.689
26,823
137.1
7.59
90.75
85.16
1994
 
18,085
0.703
25,714
131.5
-4.13
84.51
80.24
1995
 
18,225
0.718
25,379
129.8
-1.30
80.70
77.33
1996
 
18,621
0.733
25,388
129.8
0.03
77.95
75.30
1997
 
19,216
0.746
25,751
131.7
1.43
77.03
74.05
1998
 
20,018
0.752
26,614
136.1
3.35
76.94
72.77
1999
 
19,803
0.763
25,941
132.6
-2.53
73.95
69.17
2000
 
22,057
0.782
28,193
144.1
8.68
77.13
72.08
2001
 
22,914
0.797
28,737
146.9
1.93
78.99
72.54
2002
 
22,699
0.808
28,096
143.7
-2.23
78.29
71.31
2003
 
23,632
0.824
28,694
146.7
2.13
79.41
72.31
2004
 
24,256
0.844
28,736
146.9
0.15
77.66
70.82
2005
 
24,223
0.868
27,903
142.7
-2.90
74.71
67.57
2006
 
24,455
0.892
27,424
140.2
-1.71
70.15
64.16
2007
 
24,411
0.914
26,696
136.5
-2.65
67.89
61.27
2008
 
26,401
0.942
28,032
143.3
5.00
71.32
64.54
2009
 
27,272
0.941
28,984
148.2
3.39
77.04
69.42
2010
 
28,019
0.957
29,276
149.7
1.01
77.72
69.11
2011
 
29,808
0.981
30,376
155.3
3.76
78.88
69.76
2012
 
31,997
1.000
31,997
163.6
5.34
80.87
71.77
2013
 
33,036
1.013
32,597
166.7
1.87
82.66
73.70
2014
 
35,450
1.029
34,461
176.2
5.72
83.59
75.39
2015
 
37,157
1.031
36,031
184.2
4.55
82.44
75.92
2016
 
37,658
1.042
36,128
184.7
0.27
81.14
75.57
2017
 
38,091
1.061
35,910
183.6
-0.60
79.13
73.76
Source: Calculations by the Oregon Regional Economic Analysis Project (OR-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.

   
 
Oregon:
Per Capita Personal Income, 1969-2017
 
1969
 
3,774
0.200
18,856
100.0
N
96.03
1970
 
4,033
0.210
19,250
102.1
2.09
96.12
1971
 
4,330
0.218
19,826
105.1
2.99
96.93
1972
 
4,752
0.226
21,041
111.6
6.13
97.93
1973
 
5,248
0.238
22,048
116.9
4.79
98.05
1974
 
5,841
0.263
22,225
117.9
0.80
100.29
1975
 
6,360
0.285
22,339
118.5
0.51
100.75
1976
 
7,033
0.300
23,418
124.2
4.83
102.59
1977
 
7,652
0.320
23,924
126.9
2.16
102.11
1978
 
8,534
0.342
24,946
132.3
4.27
102.35
1979
 
9,395
0.373
25,221
133.8
1.10
101.98
1980
 
10,157
0.413
24,615
130.5
-2.40
100.04
1981
 
10,861
0.450
24,158
128.1
-1.86
96.44
1982
 
11,146
0.475
23,487
124.6
-2.78
93.30
1983
 
11,881
0.495
24,015
127.4
2.25
93.91
1984
 
12,831
0.513
24,992
132.5
4.07
92.58
1985
 
13,429
0.531
25,275
134.0
1.13
91.24
1986
 
14,107
0.543
25,985
137.8
2.81
91.25
1987
 
14,756
0.560
26,367
139.8
1.47
90.72
1988
 
15,838
0.582
27,235
144.4
3.30
90.88
1989
 
17,138
0.607
28,239
149.8
3.68
91.88
1990
 
18,065
0.634
28,514
151.2
0.97
92.21
1991
 
18,562
0.655
28,351
150.4
-0.57
92.88
1992
 
19,440
0.672
28,921
153.4
2.01
92.31
1993
 
20,364
0.689
29,559
156.8
2.21
93.85
1994
 
21,399
0.703
30,427
161.4
2.94
94.95
1995
 
22,583
0.718
31,448
166.8
3.36
95.82
1996
 
23,889
0.733
32,571
172.7
3.57
96.61
1997
 
24,946
0.746
33,429
177.3
2.63
96.13
1998
 
26,018
0.752
34,590
183.4
3.47
94.58
1999
 
26,780
0.763
35,081
186.0
1.42
93.55
2000
 
28,596
0.782
36,551
193.8
4.19
93.44
2001
 
29,011
0.797
36,383
192.9
-0.46
91.84
2002
 
28,993
0.808
35,888
190.3
-1.36
91.08
2003
 
29,758
0.824
36,132
191.6
0.68
91.06
2004
 
31,234
0.844
37,002
196.2
2.41
91.19
2005
 
32,421
0.868
37,347
198.1
0.93
90.44
2006
 
34,862
0.892
39,094
207.3
4.68
91.47
2007
 
35,955
0.914
39,321
208.5
0.58
90.24
2008
 
37,015
0.942
39,302
208.4
-0.05
90.49
2009
 
35,402
0.941
37,624
199.5
-4.27
90.12
2010
 
36,050
0.957
37,668
199.8
0.12
88.92
2011
 
37,788
0.981
38,507
204.2
2.23
88.44
2012
 
39,566
1.000
39,566
209.8
2.75
88.75
2013
 
39,964
1.013
39,433
209.1
-0.34
89.15
2014
 
42,411
1.029
41,229
218.6
4.55
90.19
2015
 
45,069
1.031
43,703
231.8
6.00
92.09
2016
 
46,413
1.042
44,528
236.1
1.89
93.14
2017
 
48,137
1.061
45,381
240.7
1.92
93.22
Source: Calculations by the Oregon Regional Economic Analysis Project (OR-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 Oregon Regional Economic Analysis Project (OR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2018. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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