Introduction
Washoe County vs. Nevada
Washoe County:
2022 PCI = $78,078
2022 Percent of State = 125.76%
Nevada:
2022 PCI = $62,085
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.
Page 2 of 13
Washoe County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Washoe County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Washoe 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 Washoe County over time.
When measured in current dollars, Washoe County's per capita personal income increased 1,326.12%, from $5,475 in 1970 to $78,078 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 142.92%, from $27,698 in 1970 to $67,284 in 2022.
Page 3 of 13
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Washoe County's and Nevada'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, Washoe County's real per capita personal income rose from $26,617 in 1969 to $67,284 in 2022, for a net gain of $40,667, or 152.79%. In comparison, Nevada's real per capita personal income advanced from $25,140 in 1969 to $53,501 in 2022, for a net gain of $28,362, or 112.82%.
Page 4 of 13
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Washoe County's real per capita personal income growth in a broader context by offering direct comparisons across time with Nevada, 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.
Washoe County's overall real per capita personal income growth was 152.79% over 1969-2022 outpaced Nevada's increase of 112.82%, and fell below the United States' increase of 171.04%.
Page 5 of 13
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 portrays the trends for per capita personal income relative to the national average by tracing Washoe County and Nevada per capita personal income as a percent of the national average over 1969-2022.
In 1969, Washoe County's per capita personal income amounted to 127.87% of the national average; in 2022, it approximated 119.26%. Similarly, in 1969, Nevada's per capita personal income totaled 120.77% of the national average; in 2022, it consisted of 94.83%.
Page 6 of 13
Washoe County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Washoe County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Washoe 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 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, Washoe County's real per capita personal income grew at an annual rate of 1.83% over 1970-2022. The county posted its highest growth in 2021 (11.09%) and posted its lowest growth in 2008 (-6.50%). In 2022, Washoe County's real per capita personal income declined by -2.66%
Page 7 of 13
Washoe County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Washoe 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 shows the annual percent change in Washoe 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, 2010s, and 2020-2022.
During the 1970s, Washoe County's annual real per capita personal income growth rate averaged 3.04%. It averaged 0.55% during the 1980s, 2.59% throughout the 1990s, -0.39% during the 2000s, 2.49% during the 2010s, 4.68% thus far this decade (2020-2022).
Page 8 of 13
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 Washoe County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Washoe County's average annual real per capita personal income growth registered above Nevada's average throughout the 1970s (3.04% vs. 2.20%), posted below Nevada's average in the 1980s (0.55% vs. 0.99%), outgained Nevada's average throughout the 1990s (2.59% vs. 2.08%), amounted to less than Nevada's average during the 2000s (-0.39% vs. -0.29%), registered above Nevada's average throughout the 2010s (2.49% vs. 2.15%), and surpassed Nevada's average over the 3 year period of the current decade, 2020-2022 (4.68% vs. 2.30%).
Finally, relative to nationwide real per capita personal income growth trends, Washoe County recorded above the nation during the 1970s (3.04% vs. 2.37%), fell under the nation during the 1980s (0.55% vs. 2.19%), exceeded the nation over the 1990s (2.59% vs. 2.01%), fell below the nation during the 2000s (-0.39% vs. 1.10%), outgained the nation during the 2010s (2.49% vs. 1.97%), and registered above the nation over 2020-2022 (4.68% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.83
3.04
0.55
2.59
-0.39
2.49
4.68
-2.66
 
1.48
2.20
0.99
2.08
-0.29
2.15
2.30
-4.44
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   
Page 9 of 13

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

   
 
Washoe County:
Per Capita Personal Income, 1969-2022
 
1969
 
5,026
0.189
26,617
100.0
N
105.88
127.87
1970
 
5,475
0.198
27,698
104.1
4.06
105.46
130.42
1971
 
5,875
0.206
28,512
107.1
2.94
106.80
131.41
1972
 
6,259
0.213
29,376
110.4
3.03
107.05
128.88
1973
 
6,777
0.225
30,179
113.4
2.73
106.20
126.36
1974
 
7,151
0.248
28,843
108.4
-4.43
106.01
122.54
1975
 
7,880
0.269
29,336
110.2
1.71
107.49
124.60
1976
 
8,732
0.283
30,820
115.8
5.06
109.24
127.01
1977
 
9,749
0.302
32,307
121.4
4.82
110.59
129.72
1978
 
11,409
0.323
35,349
132.8
9.42
113.58
136.54
1979
 
12,555
0.351
35,726
134.2
1.07
114.74
135.99
1980
 
13,511
0.389
34,707
130.4
-2.85
113.07
132.67
1981
 
14,521
0.424
34,236
128.6
-1.36
111.92
128.60
1982
 
14,932
0.448
33,352
125.3
-2.58
112.00
124.54
1983
 
15,698
0.467
33,633
126.4
0.84
113.00
123.60
1984
 
16,741
0.484
34,561
129.8
2.76
113.57
120.53
1985
 
17,634
0.501
35,179
132.2
1.79
113.38
119.59
1986
 
18,348
0.512
35,823
134.6
1.83
112.60
118.51
1987
 
19,118
0.528
36,206
136.0
1.07
112.39
117.81
1988
 
20,442
0.549
37,259
140.0
2.91
110.84
117.20
1989
 
21,565
0.573
37,660
141.5
1.08
109.85
115.58
1990
 
23,057
0.598
38,572
144.9
2.42
112.40
117.52
1991
 
24,281
0.618
39,306
147.7
1.90
114.26
121.10
1992
 
25,939
0.634
40,901
153.7
4.06
115.08
123.07
1993
 
26,229
0.650
40,353
151.6
-1.34
112.40
120.80
1994
 
27,451
0.664
41,370
155.4
2.52
112.94
121.73
1995
 
28,914
0.678
42,676
160.3
3.16
114.11
122.64
1996
 
30,203
0.692
43,645
164.0
2.27
113.51
122.16
1997
 
31,185
0.704
44,293
166.4
1.48
113.55
120.29
1998
 
33,322
0.710
46,954
176.4
6.01
113.90
121.20
1999
 
34,969
0.720
48,567
182.5
3.43
115.41
122.30
2000
 
37,575
0.738
50,899
191.2
4.80
117.95
122.99
2001
 
39,587
0.753
52,571
197.5
3.28
122.11
125.48
2002
 
38,670
0.763
50,688
190.4
-3.58
120.17
121.60
2003
 
39,678
0.779
50,938
191.4
0.49
119.74
121.49
2004
 
41,854
0.798
52,431
197.0
2.93
118.99
122.44
2005
 
43,718
0.821
53,232
200.0
1.53
115.33
122.57
2006
 
45,031
0.844
53,329
200.4
0.18
114.19
119.00
2007
 
44,838
0.866
51,771
194.5
-2.92
112.46
113.26
2008
 
43,164
0.892
48,407
181.9
-6.50
111.71
105.65
2009
 
41,290
0.889
46,435
174.5
-4.07
114.30
105.05
2010
 
43,605
0.905
48,174
181.0
3.75
116.94
107.51
2011
 
45,236
0.928
48,744
183.1
1.18
117.22
106.07
2012
 
43,349
0.945
45,855
172.3
-5.93
109.27
97.99
2013
 
43,182
0.958
45,084
169.4
-1.68
109.83
97.25
2014
 
44,934
0.971
46,266
173.8
2.62
109.30
97.08
2015
 
49,116
0.973
50,479
189.7
9.11
112.18
102.20
2016
 
50,985
0.983
51,875
194.9
2.77
114.06
104.11
2017
 
54,729
1.000
54,729
205.6
5.50
116.50
107.31
2018
 
59,315
1.020
58,125
218.4
6.20
120.37
111.26
2019
 
60,991
1.035
58,921
221.4
1.37
117.51
109.80
2020
 
65,110
1.046
62,226
233.8
5.61
119.14
110.07
2021
 
75,348
1.090
69,126
259.7
11.09
123.47
116.95
2022
 
78,078
1.160
67,284
252.8
-2.66
125.76
119.26
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   
Page 10 of 13

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

   
 
Nevada:
Per Capita Personal Income, 1969-2022
 
1969
 
4,747
0.189
25,140
100.0
N
120.77
1970
 
5,191
0.198
26,263
104.5
4.47
123.66
1971
 
5,501
0.206
26,697
106.2
1.65
123.04
1972
 
5,847
0.213
27,440
109.2
2.79
120.39
1973
 
6,381
0.225
28,416
113.0
3.55
118.98
1974
 
6,746
0.248
27,208
108.2
-4.25
115.60
1975
 
7,331
0.269
27,293
108.6
0.31
115.92
1976
 
7,994
0.283
28,213
112.2
3.37
116.27
1977
 
8,815
0.302
29,213
116.2
3.54
117.29
1978
 
10,045
0.323
31,122
123.8
6.53
120.21
1979
 
10,942
0.351
31,136
123.9
0.05
118.52
1980
 
11,949
0.389
30,696
122.1
-1.41
117.34
1981
 
12,975
0.424
30,590
121.7
-0.34
114.91
1982
 
13,332
0.448
29,778
118.5
-2.65
111.19
1983
 
13,893
0.467
29,764
118.4
-0.05
109.38
1984
 
14,741
0.484
30,432
121.1
2.25
106.13
1985
 
15,553
0.501
31,026
123.4
1.95
105.47
1986
 
16,295
0.512
31,814
126.6
2.54
105.25
1987
 
17,009
0.528
32,214
128.1
1.25
104.82
1988
 
18,443
0.549
33,615
133.7
4.35
105.74
1989
 
19,632
0.573
34,285
136.4
1.99
105.22
1990
 
20,512
0.598
34,316
136.5
0.09
104.55
1991
 
21,250
0.618
34,400
136.8
0.24
105.98
1992
 
22,540
0.634
35,541
141.4
3.32
106.94
1993
 
23,337
0.650
35,902
142.8
1.02
107.48
1994
 
24,306
0.664
36,630
145.7
2.03
107.78
1995
 
25,339
0.678
37,398
148.8
2.10
107.47
1996
 
26,608
0.692
38,449
152.9
2.81
107.61
1997
 
27,464
0.704
39,008
155.2
1.46
105.94
1998
 
29,256
0.710
41,225
164.0
5.68
106.41
1999
 
30,301
0.720
42,084
167.4
2.08
105.97
2000
 
31,858
0.738
43,155
171.7
2.54
104.28
2001
 
32,418
0.753
43,051
171.2
-0.24
102.76
2002
 
32,180
0.763
42,181
167.8
-2.02
101.19
2003
 
33,136
0.779
42,540
169.2
0.85
101.46
2004
 
35,173
0.798
44,062
175.3
3.58
102.90
2005
 
37,907
0.821
46,156
183.6
4.75
106.27
2006
 
39,437
0.844
46,704
185.8
1.19
104.21
2007
 
39,870
0.866
46,036
183.1
-1.43
100.71
2008
 
38,640
0.892
43,333
172.4
-5.87
94.58
2009
 
36,125
0.889
40,626
161.6
-6.25
91.90
2010
 
37,288
0.905
41,196
163.9
1.40
91.94
2011
 
38,589
0.928
41,581
165.4
0.94
90.48
2012
 
39,671
0.945
41,965
166.9
0.92
89.68
2013
 
39,319
0.958
41,050
163.3
-2.18
88.55
2014
 
41,112
0.971
42,330
168.4
3.12
88.82
2015
 
43,783
0.973
44,998
179.0
6.30
91.10
2016
 
44,700
0.983
45,480
180.9
1.07
91.28
2017
 
46,977
1.000
46,977
186.9
3.29
92.11
2018
 
49,278
1.020
48,290
192.1
2.79
92.44
2019
 
51,905
1.035
50,143
199.5
3.84
93.44
2020
 
54,650
1.046
52,229
207.8
4.16
92.39
2021
 
61,024
1.090
55,985
222.7
7.19
94.71
2022
 
62,085
1.160
53,501
212.8
-4.44
94.83
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   
Page 11 of 13

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 Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
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