Lyon County vs. Nevada
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2019
Introduction
Lyon County:
2019 PCI = $39,650
2019 Percent of State = 77.5%
Nevada:
2019 PCI = $51,161
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.
Lyon County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Lyon County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lyon County's annual per capita personal income over 1970-2019 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 Lyon County over time.
When measured in current dollars, Lyon County's per capita personal income increased 735.3%, from $4,747 in 1970 to $39,650 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 59.3%, from $22,657 in 1970 to $36,094 in 2019.
Real Per Capita Personal Income, 1969-2019
Real Per Capita Personal Income, 1969-2019
Figure 2.
Figure 2 tracks Lyon County's and Nevada's annual real per capita personal income for the period 1969-2019 to illustrate real per capita personal income patterns over time. During this 51-year period, Lyon County's real per capita personal income rose from $20,993 in 1969 to $36,094 in 2019, for a net gain of $15,101, or 71.9%. In comparison, Nevada's real per capita personal income advanced from $23,718 in 1969 to $46,573 in 2019, for a net gain of $22,855, or 96.4%.
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Lyon 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.
Lyon County's overall real per capita personal income growth was 71.9% over 1969-2019 trailed Nevada's increase of 96.4%, and fell below the United States' increase of 161.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Lyon County and Nevada per capita personal income as a percent of the national average over 1969-2019.
In 1969, Lyon County's per capita personal income amounted to 106.9% of the national average; in 2019, it approximated 70.2%. Similarly, in 1969, Nevada's per capita personal income totaled 120.8% of the national average; in 2019, it consisted of 90.6%.
Lyon County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Lyon County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 shows the short-run pattern of Lyon County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Lyon County's real per capita personal income grew at an annual rate of 1.15% over 1970-2019. The county recorded its highest growth in 1973 (10.58%) and recorded its lowest growth in 1990 (-8.61%). In 2019, Lyon County's real per capita personal income grew by 1.84%
Lyon County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Lyon County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
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 illustrates the annual percent change in Lyon 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 2010-2019.
During the 1970s, Lyon County's annual real per capita personal income growth rate averaged 2.40%. It averaged 1.19% throughout the 1980s, 0.06% during the 1990s, 0.38% in the 2000s, and 1.70% thus far this decade (2010 to 2019).
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 Lyon County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Lyon County's average annual real per capita personal income growth outgained Nevada's average during the 1970s (2.40% vs. 2.20%), topped Nevada's average in the 1980s (1.19% vs. 1.00%), amounted to less than Nevada's average throughout the 1990s (0.06% vs. 2.07%), registered above Nevada's average during the 2000s (0.38% vs. -0.27%), and recorded under Nevada's average over the 10 year period of the last decade, 2010-2019 (1.70% vs. 1.99%).
Finally, relative to nationwide real per capita personal income growth trends, Lyon County outgained the nation throughout the 1970s (2.40% vs. 2.37%), recorded underneath the nation throughout the 1980s (1.19% vs. 2.20%), fell below the nation over the 1990s (0.06% vs. 2.03%), fell below the nation during the 2000s (0.38% vs. 1.09%), and fell below the nation over 2010-2019 (1.70% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.15
2.40
1.19
0.06
0.38
1.70
1.84
 
1.40
2.20
1.00
2.07
-0.27
1.99
0.82
 
1.96
2.37
2.20
2.03
1.09
2.11
1.93
 
   

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

   
 
Lyon County:
Per Capita Personal Income, 1969-2019
 
1969
 
4,202
0.200
20,993
100.0
N
88.51
106.90
1970
 
4,747
0.210
22,657
107.9
7.93
91.44
113.08
1971
 
4,910
0.218
22,479
107.1
-0.79
89.25
109.82
1972
 
5,244
0.226
23,219
110.6
3.29
89.69
107.98
1973
 
6,111
0.238
25,675
122.3
10.58
95.78
113.95
1974
 
6,550
0.263
24,925
118.7
-2.92
97.10
112.25
1975
 
7,244
0.285
25,444
121.2
2.08
98.81
114.55
1976
 
7,939
0.300
26,434
125.9
3.89
99.31
115.47
1977
 
8,724
0.320
27,274
129.9
3.18
98.96
116.08
1978
 
9,682
0.342
28,302
134.8
3.77
96.39
115.87
1979
 
9,809
0.373
26,331
125.4
-6.96
89.61
106.24
1980
 
11,230
0.413
27,215
129.6
3.36
93.96
110.31
1981
 
12,180
0.450
27,092
129.1
-0.45
93.76
107.79
1982
 
12,491
0.475
26,322
125.4
-2.84
93.62
104.10
1983
 
13,576
0.495
27,440
130.7
4.25
97.73
106.91
1984
 
14,475
0.513
28,194
134.3
2.74
98.07
104.09
1985
 
14,812
0.531
27,877
132.8
-1.12
95.18
100.39
1986
 
15,282
0.543
28,150
134.1
0.98
93.73
98.66
1987
 
16,263
0.560
29,060
138.4
3.24
95.25
99.84
1988
 
17,386
0.582
29,898
142.4
2.88
94.19
99.60
1989
 
17,947
0.607
29,572
140.9
-1.09
91.32
96.10
1990
 
17,123
0.634
27,027
128.7
-8.61
83.46
87.27
1991
 
17,320
0.655
26,453
126.0
-2.12
81.59
86.47
1992
 
18,429
0.672
27,417
130.6
3.64
81.71
87.38
1993
 
19,236
0.689
27,922
133.0
1.84
82.34
88.51
1994
 
19,235
0.703
27,350
130.3
-2.05
79.04
85.21
1995
 
19,915
0.718
27,733
132.1
1.40
78.47
84.36
1996
 
20,472
0.733
27,911
133.0
0.64
76.77
82.64
1997
 
20,892
0.746
27,997
133.4
0.31
75.88
80.38
1998
 
22,213
0.752
29,533
140.7
5.49
75.84
80.61
1999
 
22,553
0.763
29,543
140.7
0.03
74.45
78.65
2000
 
23,510
0.782
30,050
143.1
1.72
73.76
76.69
2001
 
24,300
0.797
30,475
145.2
1.41
75.14
76.93
2002
 
23,936
0.808
29,628
141.1
-2.78
74.73
75.20
2003
 
24,959
0.824
30,306
144.4
2.29
75.64
76.37
2004
 
26,185
0.844
31,021
147.8
2.36
74.47
76.45
2005
 
28,082
0.868
32,348
154.1
4.28
73.70
78.33
2006
 
28,117
0.892
31,531
150.2
-2.53
70.66
73.77
2007
 
29,104
0.914
31,830
151.6
0.95
72.40
73.05
2008
 
29,260
0.942
31,068
148.0
-2.39
75.54
71.53
2009
 
28,798
0.941
30,605
145.8
-1.49
79.82
73.31
2010
 
28,024
0.957
29,281
139.5
-4.33
75.27
69.11
2011
 
29,679
0.981
30,244
144.1
3.29
76.99
69.44
2012
 
29,704
1.000
29,704
141.5
-1.79
74.90
66.59
2013
 
30,522
1.013
30,116
143.5
1.39
77.69
68.04
2014
 
32,090
1.028
31,207
148.7
3.62
77.32
68.17
2015
 
33,757
1.030
32,760
156.0
4.97
76.17
68.86
2016
 
35,516
1.041
34,110
162.5
4.12
78.31
71.01
2017
 
37,311
1.060
35,204
167.7
3.21
78.30
71.59
2018
 
38,361
1.082
35,441
168.8
0.67
76.72
70.25
2019
 
39,650
1.099
36,094
171.9
1.84
77.50
70.19
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 2020
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.

   
 
Nevada:
Per Capita Personal Income, 1969-2019
 
1969
 
4,747
0.200
23,718
100.0
N
120.77
1970
 
5,191
0.210
24,778
104.5
4.47
123.66
1971
 
5,501
0.218
25,186
106.2
1.65
123.04
1972
 
5,847
0.226
25,888
109.1
2.79
120.39
1973
 
6,381
0.238
26,808
113.0
3.55
118.98
1974
 
6,746
0.263
25,669
108.2
-4.25
115.60
1975
 
7,331
0.285
25,749
108.6
0.31
115.92
1976
 
7,994
0.300
26,617
112.2
3.37
116.27
1977
 
8,815
0.320
27,560
116.2
3.54
117.29
1978
 
10,045
0.342
29,362
123.8
6.54
120.21
1979
 
10,945
0.373
29,383
123.9
0.07
118.56
1980
 
11,951
0.413
28,963
122.1
-1.43
117.40
1981
 
12,991
0.450
28,896
121.8
-0.23
114.97
1982
 
13,343
0.475
28,116
118.5
-2.70
111.20
1983
 
13,892
0.495
28,079
118.4
-0.13
109.40
1984
 
14,760
0.513
28,748
121.2
2.38
106.14
1985
 
15,561
0.531
29,287
123.5
1.87
105.47
1986
 
16,305
0.543
30,032
126.6
2.54
105.26
1987
 
17,075
0.560
30,510
128.6
1.59
104.82
1988
 
18,458
0.582
31,742
133.8
4.04
105.74
1989
 
19,653
0.607
32,382
136.5
2.02
105.23
1990
 
20,516
0.634
32,382
136.5
0.00
104.56
1991
 
21,228
0.655
32,423
136.7
0.13
105.98
1992
 
22,554
0.672
33,554
141.5
3.49
106.94
1993
 
23,360
0.689
33,908
143.0
1.06
107.49
1994
 
24,335
0.703
34,601
145.9
2.04
107.80
1995
 
25,379
0.718
35,341
149.0
2.14
107.50
1996
 
26,667
0.733
36,357
153.3
2.88
107.65
1997
 
27,534
0.746
36,897
155.6
1.49
105.93
1998
 
29,291
0.752
38,942
164.2
5.54
106.29
1999
 
30,292
0.763
39,682
167.3
1.90
105.64
2000
 
31,871
0.782
40,738
171.8
2.66
103.96
2001
 
32,340
0.797
40,558
171.0
-0.44
102.38
2002
 
32,030
0.808
39,647
167.2
-2.25
100.62
2003
 
32,996
0.824
40,064
168.9
1.05
100.96
2004
 
35,163
0.844
41,657
175.6
3.98
102.66
2005
 
38,103
0.868
43,891
185.1
5.36
106.29
2006
 
39,793
0.892
44,624
188.1
1.67
104.40
2007
 
40,201
0.914
43,965
185.4
-1.48
100.90
2008
 
38,734
0.942
41,128
173.4
-6.45
94.70
2009
 
36,078
0.941
38,343
161.7
-6.77
91.84
2010
 
37,228
0.957
38,899
164.0
1.45
91.82
2011
 
38,551
0.981
39,286
165.6
0.99
90.20
2012
 
39,659
1.000
39,659
167.2
0.95
88.91
2013
 
39,285
1.013
38,764
163.4
-2.26
87.57
2014
 
41,505
1.028
40,363
170.2
4.12
88.18
2015
 
44,314
1.030
43,006
181.3
6.55
90.40
2016
 
45,351
1.041
43,556
183.6
1.28
90.68
2017
 
47,650
1.060
44,960
189.6
3.22
91.43
2018
 
50,000
1.082
46,194
194.8
2.75
91.56
2019
 
51,161
1.099
46,573
196.4
0.82
90.57
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 2020
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, 1969-2019
 
1969
 
3,931
0.200
19,638
100.0
N
1970
 
4,198
0.210
20,037
102.0
2.03
1971
 
4,471
0.218
20,469
104.2
2.16
1972
 
4,857
0.226
21,504
109.5
5.05
1973
 
5,363
0.238
22,532
114.7
4.78
1974
 
5,836
0.263
22,205
113.1
-1.45
1975
 
6,324
0.285
22,212
113.1
0.03
1976
 
6,875
0.300
22,893
116.6
3.06
1977
 
7,516
0.320
23,496
119.6
2.64
1978
 
8,356
0.342
24,425
124.4
3.95
1979
 
9,232
0.373
24,784
126.2
1.47
1980
 
10,180
0.413
24,672
125.6
-0.45
1981
 
11,300
0.450
25,134
128.0
1.87
1982
 
11,999
0.475
25,285
128.8
0.60
1983
 
12,698
0.495
25,666
130.7
1.51
1984
 
13,906
0.513
27,085
137.9
5.53
1985
 
14,755
0.531
27,769
141.4
2.52
1986
 
15,490
0.543
28,532
145.3
2.75
1987
 
16,289
0.560
29,106
148.2
2.01
1988
 
17,455
0.582
30,017
152.8
3.13
1989
 
18,676
0.607
30,773
156.7
2.52
1990
 
19,621
0.634
30,970
157.7
0.64
1991
 
20,030
0.655
30,593
155.8
-1.22
1992
 
21,090
0.672
31,376
159.8
2.56
1993
 
21,733
0.689
31,546
160.6
0.54
1994
 
22,575
0.703
32,099
163.4
1.75
1995
 
23,607
0.718
32,874
167.4
2.42
1996
 
24,771
0.733
33,773
172.0
2.73
1997
 
25,993
0.746
34,833
177.4
3.14
1998
 
27,557
0.752
36,637
186.6
5.18
1999
 
28,675
0.763
37,564
191.3
2.53
2000
 
30,657
0.782
39,186
199.5
4.32
2001
 
31,589
0.797
39,616
201.7
1.10
2002
 
31,832
0.808
39,401
200.6
-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
217.6
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
 
40,547
0.957
42,366
215.7
1.48
2011
 
42,739
0.981
43,553
221.8
2.80
2012
 
44,605
1.000
44,605
227.1
2.42
2013
 
44,860
1.013
44,264
225.4
-0.76
2014
 
47,071
1.028
45,775
233.1
3.41
2015
 
49,019
1.030
47,571
242.2
3.92
2016
 
50,015
1.041
48,035
244.6
0.98
2017
 
52,118
1.060
49,175
250.4
2.37
2018
 
54,606
1.082
50,450
256.9
2.59
2019
 
56,490
1.099
51,424
261.9
1.93
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 2020
REAP_PI_CA1400_700_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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