Lyon County vs. Nevada
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Lyon County vs. Nevada
Lyon County:
2022 PCI = $46,735
2022 Percent of State = 75.28%
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.
Lyon County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Lyon County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lyon 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 Lyon County over time.
When measured in current dollars, Lyon County's per capita personal income increased 884.53%, from $4,747 in 1970 to $46,735 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 67.70%, from $24,016 in 1970 to $40,274 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Lyon 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, Lyon County's real per capita personal income rose from $22,252 in 1969 to $40,274 in 2022, for a net gain of $18,022, or 80.99%. In comparison, Nevada's real per capita personal income increased from $25,140 in 1969 to $53,501 in 2022, for a net gain of $28,362, or 112.82%.
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 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 80.99% over 1969-2022 trailed Nevada's increase of 112.82%, 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 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 1969-2022.
In 1969, Lyon County's per capita personal income amounted to 106.90% of the national average; in 2022, it approximated 71.38%. Similarly, in 1969, Nevada's per capita personal income totaled 120.77% of the national average; in 2022, it consisted of 94.83%.
Lyon County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Lyon County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Lyon 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, Lyon County's real per capita personal income grew at an annual rate of 1.19% over 1970-2022. The county posted its highest growth in 1973 (10.58%) and recorded its lowest growth in 1990 (-8.49%). In 2022, Lyon County's real per capita personal income declined by -5.89%
Lyon County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Lyon 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 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, 2010s, and 2020-2022.
During the 1970s, Lyon County's annual real per capita personal income growth rate averaged 2.40%. It averaged 1.18% during the 1980s, 0.07% during the 1990s, 0.41% in the 2000s, 1.79% during the 2010s, 1.46% 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 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 recorded above Nevada's average in the 1970s (2.40% vs. 2.20%), outgained Nevada's average during the 1980s (1.18% vs. 0.99%), recorded under Nevada's average in the 1990s (0.07% vs. 2.08%), outpaced Nevada's average throughout the 2000s (0.41% vs. -0.29%), trailed Nevada's average during the 2010s (1.79% vs. 2.15%), and posted below Nevada's average over the 3 year period of the current decade, 2020-2022 (1.46% vs. 2.30%).
Finally, relative to nationwide real per capita personal income growth trends, Lyon County exceeded the nation during the 1970s (2.40% vs. 2.37%), lagged the nation during the 1980s (1.18% vs. 2.19%), fell under the nation over the 1990s (0.07% vs. 2.01%), fell under the nation during the 2000s (0.41% vs. 1.10%), fell below the nation over the 2010s (1.79% vs. 1.97%), and trailed the nation over 2020-2022 (1.46% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.19
2.40
1.18
0.07
0.41
1.79
1.46
-5.89
 
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
 
   

Interactive TableTip: 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, 1969-2022
 
1969
 
4,202
0.189
22,252
100.0
N
88.51
106.90
1970
 
4,747
0.198
24,016
107.9
7.93
91.44
113.08
1971
 
4,910
0.206
23,827
107.1
-0.78
89.25
109.82
1972
 
5,244
0.213
24,611
110.6
3.29
89.69
107.98
1973
 
6,111
0.225
27,216
122.3
10.58
95.78
113.95
1974
 
6,550
0.248
26,420
118.7
-2.92
97.10
112.25
1975
 
7,244
0.269
26,969
121.2
2.08
98.81
114.55
1976
 
7,939
0.283
28,019
125.9
3.89
99.31
115.47
1977
 
8,724
0.302
28,910
129.9
3.18
98.96
116.08
1978
 
9,682
0.323
29,999
134.8
3.77
96.39
115.87
1979
 
9,808
0.351
27,910
125.4
-6.96
89.64
106.24
1980
 
11,239
0.389
28,870
129.7
3.44
94.05
110.36
1981
 
12,192
0.424
28,745
129.2
-0.43
93.97
107.98
1982
 
12,508
0.448
27,938
125.6
-2.81
93.82
104.32
1983
 
13,597
0.467
29,131
130.9
4.27
97.87
107.06
1984
 
14,478
0.484
29,888
134.3
2.60
98.21
104.24
1985
 
14,824
0.501
29,573
132.9
-1.06
95.31
100.53
1986
 
15,299
0.512
29,869
134.2
1.00
93.88
98.81
1987
 
16,219
0.528
30,716
138.0
2.84
95.35
99.94
1988
 
17,388
0.549
31,692
142.4
3.18
94.28
99.69
1989
 
17,921
0.573
31,297
140.7
-1.25
91.29
96.05
1990
 
17,120
0.598
28,640
128.7
-8.49
83.46
87.26
1991
 
17,337
0.618
28,066
126.1
-2.01
81.59
86.47
1992
 
18,417
0.634
29,040
130.5
3.47
81.71
87.38
1993
 
19,217
0.650
29,564
132.9
1.80
82.35
88.50
1994
 
19,213
0.664
28,955
130.1
-2.06
79.05
85.20
1995
 
19,884
0.678
29,348
131.9
1.36
78.47
84.34
1996
 
20,429
0.692
29,521
132.7
0.59
76.78
82.63
1997
 
20,829
0.704
29,584
133.0
0.21
75.84
80.34
1998
 
22,141
0.710
31,198
140.2
5.46
75.68
80.53
1999
 
22,543
0.720
31,310
140.7
0.36
74.40
78.84
2000
 
23,474
0.738
31,798
142.9
1.56
73.68
76.84
2001
 
24,277
0.753
32,239
144.9
1.39
74.88
76.95
2002
 
24,001
0.763
31,460
141.4
-2.42
74.58
75.47
2003
 
25,010
0.779
32,108
144.3
2.06
75.48
76.58
2004
 
26,161
0.798
32,772
147.3
2.07
74.38
76.53
2005
 
27,965
0.821
34,051
153.0
3.90
73.77
78.40
2006
 
27,938
0.844
33,086
148.7
-2.83
70.84
73.83
2007
 
28,960
0.866
33,439
150.3
1.07
72.64
73.15
2008
 
29,255
0.892
32,809
147.4
-1.88
75.71
71.61
2009
 
28,932
0.889
32,537
146.2
-0.83
80.09
73.61
2010
 
28,438
0.905
31,418
141.2
-3.44
76.27
70.12
2011
 
29,829
0.928
32,142
144.4
2.30
77.30
69.94
2012
 
30,238
0.945
31,986
143.7
-0.48
76.22
68.35
2013
 
30,842
0.958
32,201
144.7
0.67
78.44
69.46
2014
 
32,455
0.971
33,417
150.2
3.78
78.94
70.12
2015
 
33,646
0.973
34,580
155.4
3.48
76.85
70.01
2016
 
35,326
0.983
35,943
161.5
3.94
79.03
72.14
2017
 
37,184
1.000
37,184
167.1
3.45
79.15
72.90
2018
 
38,442
1.020
37,671
169.3
1.31
78.01
72.11
2019
 
40,117
1.035
38,756
174.2
2.88
77.29
72.22
2020
 
43,975
1.046
42,027
188.9
8.44
80.47
74.34
2021
 
46,646
1.090
42,794
192.3
1.83
76.44
72.40
2022
 
46,735
1.160
40,274
181.0
-5.89
75.28
71.38
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
 
   

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
 
   

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
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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