Carson City County vs. Nevada
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Carson City County:
2017 PCI = $48,997
2017 Percent of State = 106.1%
Nevada:
2017 PCI = $46,159
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.
Carson City County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Carson City County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Carson City 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 Carson City County over time.
When measured in current dollars, Carson City County's per capita personal income increased 982.9%, from $4,525 in 1969 to $48,997 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 104.3%, from $22,606 in 1969 to $46,192 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 traces Carson City County's and Nevada'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, Carson City County's real per capita personal income rose from $22,606 in 1969 to $46,192 in 2017, for a net gain of $23,586, or 104.3%. In comparison, Nevada's real per capita personal income advanced from $23,492 in 1969 to $43,516 in 2017, for a net advance of $20,024, or 85.2%.
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 Carson City 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.
Carson City County's overall real per capita personal income growth was 104.3% over 1969-2017 outpaced Nevada's increase of 85.2%, 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 portrays the trends for per capita personal income relative to the national average by tracing Carson City County and Nevada per capita personal income as a percent of the national average over 1969-2017.
In 1969, Carson City County's per capita personal income amounted to 115.1% of the national average; in 2017, it approximated 94.9%. Similarly, in 1969, Nevada's per capita personal income totaled 119.6% of the national average; in 2017, it consisted of 89.4%.
Carson City County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Carson City County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Carson City 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, Carson City County's real per capita personal income grew at an annual rate of 1.89% over 1970-2017. The county recorded its highest growth in 2009 (38.35%) and recorded its lowest growth in 2001 (-30.29%). In 2017, Carson City County's real per capita personal income grew by 6.48%
Carson City County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Carson City 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 shows the annual percent change in Carson City 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, and 2010-2017.
During the 1970s, Carson City County's annual real per capita personal income growth rate averaged 2.71%. It averaged 1.31% throughout the 1980s, 1.74% in the 1990s, 2.66% during the 2000s, and 0.82% 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 Carson City County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Carson City County's average annual real per capita personal income growth surpassed Nevada's average in the 1970s (2.71% vs. 2.17%), registered above Nevada's average throughout the 1980s (1.31% vs. 1.09%), posted below Nevada's average in the 1990s (1.74% vs. 2.09%), registered above Nevada's average during the 2000s (2.66% vs. -0.19%), and amounted to less than Nevada's average over the 8 year period of the last decade, 2010-2017 (0.82% vs. 1.53%).
Finally, relative to nationwide real per capita personal income growth trends, Carson City County topped the nation during the 1970s (2.71% vs. 2.35%), recorded underneath the nation in the 1980s (1.31% vs. 2.21%), posted below the nation over the 1990s (1.74% vs. 2.02%), outpaced the nation during the 2000s (2.66% vs. 1.10%), and fell below the nation over 2010-2017 (0.82% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.89
2.71
1.31
1.74
2.66
0.82
6.48
 
1.33
2.17
1.09
2.09
-0.19
1.53
1.96
 
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.

   
 
Carson City County:
Per Capita Personal Income, 1969-2017
 
1969
 
4,525
0.200
22,606
100.0
N
96.23
115.12
1970
 
5,301
0.210
25,302
111.9
11.93
103.18
126.34
1971
 
5,587
0.218
25,581
113.2
1.10
102.61
125.06
1972
 
6,025
0.226
26,676
118.0
4.28
104.19
124.16
1973
 
6,312
0.238
26,520
117.3
-0.59
100.25
117.93
1974
 
6,747
0.263
25,675
113.6
-3.18
101.40
115.86
1975
 
7,313
0.285
25,685
113.6
0.04
101.21
115.85
1976
 
8,303
0.300
27,646
122.3
7.63
105.42
121.10
1977
 
9,209
0.320
28,790
127.4
4.14
105.86
122.87
1978
 
10,207
0.342
29,834
132.0
3.63
103.00
122.41
1979
 
10,900
0.373
29,260
129.4
-1.92
100.84
118.32
1980
 
12,090
0.413
29,300
129.6
0.14
102.41
119.08
1981
 
13,247
0.450
29,466
130.3
0.56
103.19
117.62
1982
 
13,593
0.475
28,644
126.7
-2.79
102.94
113.78
1983
 
14,206
0.495
28,715
127.0
0.25
103.61
112.29
1984
 
15,350
0.513
29,897
132.3
4.12
105.22
110.75
1985
 
16,286
0.531
30,650
135.6
2.52
105.30
110.65
1986
 
17,214
0.543
31,707
140.3
3.45
106.08
111.35
1987
 
17,773
0.560
31,758
140.5
0.16
104.51
109.27
1988
 
18,998
0.582
32,671
144.5
2.87
103.22
109.02
1989
 
20,190
0.607
33,267
147.2
1.83
103.08
108.24
1990
 
21,227
0.634
33,504
148.2
0.71
103.67
108.35
1991
 
22,239
0.655
33,967
150.3
1.38
104.87
111.28
1992
 
23,557
0.672
35,045
155.0
3.17
104.36
111.86
1993
 
24,055
0.689
34,917
154.5
-0.37
102.99
110.86
1994
 
25,063
0.703
35,636
157.6
2.06
102.90
111.20
1995
 
26,134
0.718
36,393
161.0
2.13
103.11
110.89
1996
 
26,875
0.733
36,641
162.1
0.68
100.99
108.68
1997
 
28,089
0.746
37,641
166.5
2.73
102.14
108.24
1998
 
29,412
0.752
39,103
173.0
3.88
101.17
106.91
1999
 
30,164
0.763
39,514
174.8
1.05
99.69
105.37
2000
 
32,960
0.782
42,130
186.4
6.62
103.32
107.71
2001
 
23,417
0.797
29,368
129.9
-30.29
72.22
74.13
2002
 
20,104
0.808
24,885
110.1
-15.26
62.45
63.16
2003
 
21,146
0.824
25,676
113.6
3.18
63.77
64.71
2004
 
21,171
0.844
25,081
110.9
-2.32
59.84
61.81
2005
 
24,763
0.868
28,525
126.2
13.73
64.53
69.08
2006
 
30,526
0.892
34,232
151.4
20.01
76.71
80.09
2007
 
29,323
0.914
32,068
141.9
-6.32
73.02
73.59
2008
 
29,863
0.942
31,709
140.3
-1.12
77.12
73.01
2009
 
41,278
0.941
43,869
194.1
38.35
113.61
105.07
2010
 
44,421
0.957
46,414
205.3
5.80
118.63
109.56
2011
 
43,215
0.981
44,038
194.8
-5.12
111.67
101.14
2012
 
39,619
1.000
39,619
175.3
-10.03
99.64
88.87
2013
 
41,021
1.013
40,476
179.1
2.16
104.01
91.51
2014
 
42,006
1.029
40,835
180.6
0.89
101.30
89.33
2015
 
45,488
1.031
44,109
195.1
8.02
103.32
92.95
2016
 
45,219
1.042
43,382
191.9
-1.65
101.65
90.74
2017
 
48,997
1.061
46,192
204.3
6.48
106.15
94.88
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 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.

   
 
Nevada:
Per Capita Personal Income, 1969-2017
 
1969
 
4,702
0.200
23,492
100.0
N
119.63
1970
 
5,138
0.210
24,523
104.4
4.39
122.45
1971
 
5,445
0.218
24,930
106.1
1.66
121.88
1972
 
5,783
0.226
25,605
109.0
2.71
119.17
1973
 
6,296
0.238
26,453
112.6
3.31
117.64
1974
 
6,654
0.263
25,320
107.8
-4.28
114.25
1975
 
7,225
0.285
25,377
108.0
0.23
114.46
1976
 
7,876
0.300
26,225
111.6
3.34
114.88
1977
 
8,699
0.320
27,197
115.8
3.71
116.08
1978
 
9,909
0.342
28,965
123.3
6.50
118.84
1979
 
10,809
0.373
29,017
123.5
0.18
117.33
1980
 
11,806
0.413
28,612
121.8
-1.39
116.28
1981
 
12,838
0.450
28,555
121.6
-0.20
113.99
1982
 
13,206
0.475
27,827
118.5
-2.55
110.54
1983
 
13,711
0.495
27,714
118.0
-0.41
108.37
1984
 
14,589
0.513
28,414
121.0
2.53
105.26
1985
 
15,467
0.531
29,109
123.9
2.44
105.08
1986
 
16,227
0.543
29,890
127.2
2.69
104.97
1987
 
17,006
0.560
30,388
129.4
1.66
104.56
1988
 
18,405
0.582
31,650
134.7
4.15
105.62
1989
 
19,587
0.607
32,274
137.4
1.97
105.01
1990
 
20,476
0.634
32,319
137.6
0.14
104.51
1991
 
21,206
0.655
32,390
137.9
0.22
106.11
1992
 
22,572
0.672
33,581
142.9
3.68
107.18
1993
 
23,357
0.689
33,904
144.3
0.96
107.65
1994
 
24,357
0.703
34,632
147.4
2.15
108.07
1995
 
25,346
0.718
35,295
150.2
1.91
107.54
1996
 
26,611
0.733
36,281
154.4
2.79
107.61
1997
 
27,500
0.746
36,852
156.9
1.57
105.97
1998
 
29,071
0.752
38,650
164.5
4.88
105.67
1999
 
30,259
0.763
39,638
168.7
2.56
105.70
2000
 
31,903
0.782
40,778
173.6
2.88
104.25
2001
 
32,423
0.797
40,662
173.1
-0.28
102.64
2002
 
32,191
0.808
39,846
169.6
-2.01
101.13
2003
 
33,159
0.824
40,262
171.4
1.05
101.46
2004
 
35,377
0.844
41,911
178.4
4.09
103.29
2005
 
38,373
0.868
44,202
188.2
5.47
107.04
2006
 
39,792
0.892
44,623
189.9
0.95
104.40
2007
 
40,159
0.914
43,919
187.0
-1.58
100.79
2008
 
38,725
0.942
41,119
175.0
-6.38
94.67
2009
 
36,334
0.941
38,614
164.4
-6.09
92.49
2010
 
37,445
0.957
39,125
166.5
1.32
92.35
2011
 
38,697
0.981
39,434
167.9
0.79
90.57
2012
 
39,764
1.000
39,764
169.3
0.84
89.19
2013
 
39,440
1.013
38,916
165.7
-2.13
87.98
2014
 
41,467
1.029
40,311
171.6
3.58
88.18
2015
 
44,026
1.031
42,692
181.7
5.91
89.96
2016
 
44,486
1.042
42,679
181.7
-0.03
89.27
2017
 
46,159
1.061
43,516
185.2
1.96
89.39
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 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 Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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