White Pine County vs. Nevada
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
White Pine County vs. Nevada
White Pine County:
2022 PCI = $57,323
2022 Percent of State = 92.33%
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.
White Pine County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
White Pine County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts White Pine 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 White Pine County over time.
When measured in current dollars, White Pine County's per capita personal income increased 1,302.91%, from $4,086 in 1970 to $57,323 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 138.96%, from $20,672 in 1970 to $49,398 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces White Pine 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, White Pine County's real per capita personal income rose from $19,163 in 1969 to $49,398 in 2022, for a net gain of $30,236, or 157.78%. In comparison, Nevada's real per capita personal income advanced from $25,140 in 1969 to $53,501 in 2022, for a net advance 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 White Pine 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.
White Pine County's overall real per capita personal income growth was 157.78% over 1969-2022 outpaced 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 depicts the trends for per capita personal income relative to the national average by tracing White Pine County and Nevada per capita personal income as a percent of the national average over 1969-2022.
In 1969, White Pine County's per capita personal income amounted to 92.06% of the national average; in 2022, it approximated 87.56%. Similarly, in 1969, Nevada's per capita personal income totaled 120.77% of the national average; in 2022, it consisted of 94.83%.
White Pine County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
White Pine County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of White Pine 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, White Pine County's real per capita personal income grew at an annual rate of 1.94% over 1970-2022. The county posted its highest growth in 1977 (17.14%) and posted its lowest growth in 1991 (-9.19%). In 2022, White Pine County's real per capita personal income declined by -8.03%
White Pine County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
White Pine 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 traces the annual percent change in White Pine 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, White Pine County's annual real per capita personal income growth rate averaged 2.37%. It averaged 2.32% throughout the 1980s, 2.12% in the 1990s, 1.19% in the 2000s, 1.69% throughout the 2010s, 1.96% 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 White Pine County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, White Pine County's average annual real per capita personal income growth registered above Nevada's average in the 1970s (2.37% vs. 2.20%), outperformed Nevada's average in the 1980s (2.32% vs. 0.99%), outpaced Nevada's average during the 1990s (2.12% vs. 2.08%), registered above Nevada's average in the 2000s (1.19% vs. -0.29%), recorded under Nevada's average in the 2010s (1.69% vs. 2.15%), and posted below Nevada's average over the 3 year period of the current decade, 2020-2022 (1.96% vs. 2.30%).
Finally, relative to nationwide real per capita personal income growth trends, White Pine County outpaced the nation in the 1970s (2.37% vs. 2.37%), recorded above the nation during the 1980s (2.32% vs. 2.19%), registered above the nation in the 1990s (2.12% vs. 2.01%), recorded above the nation in the 2000s (1.19% vs. 1.10%), trailed the nation throughout the 2010s (1.69% vs. 1.97%), and outgained the nation over 2020-2022 (1.96% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.94
2.37
2.32
2.12
1.19
1.69
1.96
-8.03
 
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.

   
 
White Pine County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,618
0.189
19,163
100.0
N
76.23
92.06
1970
 
4,086
0.198
20,672
107.9
7.88
78.71
97.34
1971
 
4,359
0.206
21,153
110.4
2.33
79.23
97.49
1972
 
4,829
0.213
22,662
118.3
7.14
82.59
99.43
1973
 
5,264
0.225
23,442
122.3
3.44
82.50
98.15
1974
 
5,632
0.248
22,716
118.5
-3.10
83.49
96.51
1975
 
6,092
0.269
22,680
118.4
-0.16
83.10
96.33
1976
 
5,926
0.283
20,914
109.1
-7.79
74.13
86.19
1977
 
7,393
0.302
24,498
127.8
17.14
83.86
98.36
1978
 
7,764
0.323
24,056
125.5
-1.80
77.30
92.92
1979
 
8,342
0.351
23,737
123.9
-1.33
76.24
90.35
1980
 
10,030
0.389
25,766
134.5
8.55
83.94
98.49
1981
 
10,803
0.424
25,469
132.9
-1.16
83.26
95.67
1982
 
10,619
0.448
23,718
123.8
-6.87
79.65
88.57
1983
 
11,453
0.467
24,537
128.0
3.45
82.44
90.17
1984
 
11,565
0.484
23,875
124.6
-2.70
78.45
83.26
1985
 
11,914
0.501
23,767
124.0
-0.45
76.60
80.79
1986
 
12,851
0.512
25,091
130.9
5.57
78.87
83.01
1987
 
13,120
0.528
24,847
129.7
-0.97
77.13
80.85
1988
 
14,702
0.549
26,797
139.8
7.85
79.72
84.30
1989
 
16,866
0.573
29,454
153.7
9.91
85.91
90.40
1990
 
17,505
0.598
29,285
152.8
-0.58
85.34
89.22
1991
 
16,429
0.618
26,595
138.8
-9.19
77.31
81.94
1992
 
16,957
0.634
26,737
139.5
0.53
75.23
80.45
1993
 
17,635
0.650
27,131
141.6
1.47
75.57
81.22
1994
 
20,684
0.664
31,171
162.7
14.89
85.10
91.72
1995
 
21,558
0.678
31,818
166.0
2.07
85.08
91.43
1996
 
22,104
0.692
31,941
166.7
0.39
83.07
89.40
1997
 
22,718
0.704
32,267
168.4
1.02
82.72
87.63
1998
 
24,938
0.710
35,140
183.4
8.90
85.24
90.71
1999
 
25,723
0.720
35,726
186.4
1.67
84.89
89.97
2000
 
28,099
0.738
38,063
198.6
6.54
88.20
91.97
2001
 
27,718
0.753
36,808
192.1
-3.30
85.50
87.86
2002
 
27,968
0.763
36,659
191.3
-0.41
86.91
87.95
2003
 
28,766
0.779
36,930
192.7
0.74
86.81
88.08
2004
 
31,592
0.798
39,576
206.5
7.16
89.82
92.42
2005
 
32,204
0.821
39,212
204.6
-0.92
84.96
90.29
2006
 
32,562
0.844
38,562
201.2
-1.66
82.57
86.05
2007
 
33,718
0.866
38,932
203.2
0.96
84.57
85.17
2008
 
34,154
0.892
38,302
199.9
-1.62
88.39
83.60
2009
 
35,550
0.889
39,980
208.6
4.38
98.41
90.44
2010
 
38,391
0.905
42,414
221.3
6.09
102.96
94.66
2011
 
38,440
0.928
41,421
216.2
-2.34
99.61
90.13
2012
 
37,639
0.945
39,815
207.8
-3.88
94.88
85.08
2013
 
37,290
0.958
38,933
203.2
-2.22
94.84
83.99
2014
 
38,224
0.971
39,357
205.4
1.09
92.98
82.58
2015
 
40,544
0.973
41,669
217.5
5.88
92.60
84.36
2016
 
40,204
0.983
40,906
213.5
-1.83
89.94
82.10
2017
 
43,268
1.000
43,268
225.8
5.77
92.11
84.83
2018
 
45,753
1.020
44,835
234.0
3.62
92.85
85.83
2019
 
48,620
1.035
46,970
245.1
4.76
93.67
87.53
2020
 
53,517
1.046
51,146
266.9
8.89
97.93
90.47
2021
 
58,546
1.090
53,712
280.3
5.02
95.94
90.87
2022
 
57,323
1.160
49,398
257.8
-8.03
92.33
87.56
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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