Introduction
Lincoln County vs. Nevada
Lincoln County:
2022 TPI = $217,685K
2022 Percent of State = 0.11%
Nevada:
2022 TPI = $197,290,898K
2022 Percent of U.S. = 0.90%
The annual total personal incomes (TPI) estimates compiled by the Bureau of Economic Analysis, (BEA) are among the most comprehensive, consistent, comparable and timely measures of economic activity available statewide and at the national levels. Personal income estimates are also the best available local level indicator of general purchasing power, and are therefore central to tracking and comparing county patterns of economic growth and change.
The following graphs highlight trends in the pattern of growth and change in the total personal income of Lincoln County and Nevada with comparison to the nation. The data used are those compiled by the Regional Income and Product Divisions of the Bureau of Economic Analysis, U.S. Department of Commerce. The 2017 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Implicit Price Deflator for Personal Consumption.
Data Definition:
Personal income is the income received by persons from participation in production, plus transfer receipts from government and business, plus government interest (which is treated like a transfer receipt). It is defined as the sum of wages and salaries, 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 transfer receipts, less contributions for government social insurance. Because the personal income of an area represents the income that is received by, or on behalf of, all the persons who live in that area, and because the estimates of some components of personal income (wages and salaries, supplements to wages and salaries, and contributions for government social insurance) are made on a place-of-work basis, state personal income includes an adjustment for residence. The residence adjustment represents the net flow of compensation (less contributions for government social insurance) of interstate commuters.
Page 2 of 13
Lincoln County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Lincoln County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lincoln County's annual total 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 Lincoln County over time.
When measured in current dollars, Lincoln County's total personal income increased 2,273.11%, from $9M in 1970 to $218M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 304.22%, from $46M in 1970 to $188M in 2022.
Page 3 of 13
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Lincoln County's and Nevada's annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Lincoln County's real total personal income rose from $44M in 1969 to $188M in 2022, for a net gain of $144M, or 325.70%. In comparison, Nevada's real total personal income increased from $12,067M in 1969 to $170,015M in 2022, for a net gain of $157,948M, or 1,308.93%.
Page 4 of 13
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Lincoln County's real total 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 total personal income in 1969 as a base figure of 100, and the real total personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total personal income growth between regions that may differ vastly in size.
Lincoln County's overall real total personal income growth was 325.70% over 1969-2022 trailed Nevada's increase of 1,308.93%, and fell below the United States' increase of 348.76%.
Page 5 of 13
Total Personal Income as a Percent of the Nevada Total: 1969-2022
Total Personal Income as a Percent of the Nevada Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Lincoln County is to compare its individual percentage contributions to Nevada's statewide total personal income over time, as shown in Figure 4. A rising share means a region's total personal income grew faster, or declined less, than Nevada's total personal income, while a declining share shows it grew more slowly.
In 1969, Lincoln County's total personal income totaled 0.37% of Nevada's total personal income, while in 2022 it totaled 0.11% thereby yielding a -0.25% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.25%
=
0.11%
-
0.37%
 
   
Page 6 of 13
Lincoln County Real Total Personal Income:
Annual Percent Change, 1970-2022
Lincoln County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Lincoln County's real total 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 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, Lincoln County's real total personal income grew at an annual rate of 2.90% over 1970-2022. The county recorded its highest growth in 1980 (19.22%) and posted its lowest growth in 2022 (-10.06%). In 2022, Lincoln County's real total personal income declined by -10.06%
Page 7 of 13
Lincoln County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Lincoln County Real Total 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 Lincoln County's real total 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, Lincoln County's annual real total personal income growth rate averaged 4.63%. It averaged 5.54% during the 1980s, -0.44% during the 1990s, 3.12% in the 2000s, 3.14% throughout the 2010s, -2.03% thus far this decade (2020-2022).
Page 8 of 13
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Lincoln County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Lincoln County's average annual real total personal income growth lagged Nevada's average in the 1970s (4.63% vs. 7.08%), led Nevada's average in the 1980s (5.54% vs. 5.08%), amounted to less than Nevada's average during the 1990s (-0.44% vs. 7.65%), registered above Nevada's average throughout the 2000s (3.12% vs. 3.06%), fell below Nevada's average during the 2010s (3.14% vs. 3.53%), and posted below Nevada's average over the 3 year period of the current decade, 2020-2022 (-2.03% vs. 3.50%).
Finally, relative to nationwide real total personal income growth trends, Lincoln County surpassed the nation over the 1970s (4.63% vs. 3.50%), surpassed the nation during the 1980s (5.54% vs. 3.16%), fell below the nation throughout the 1990s (-0.44% vs. 3.27%), topped the nation in the 2000s (3.12% vs. 2.06%), topped the nation in the 2010s (3.14% vs. 2.72%), and posted below the nation over 2020-2022 (-2.03% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.90
4.63
5.54
-0.44
3.12
3.14
-2.03
-10.06
 
5.18
7.08
5.08
7.65
3.06
3.53
3.50
-3.48
 
2.89
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   
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.

   
 
Lincoln County:
Total Personal Income, 1969-2022
 
1969
 
8,321
0.189
44,066
100.0
N
0.37
1970
 
9,173
0.198
46,408
105.3
5.31
0.36
1971
 
9,739
0.206
47,265
107.3
1.85
0.34
1972
 
10,296
0.213
48,320
109.7
2.23
0.32
1973
 
11,457
0.225
51,022
115.8
5.59
0.32
1974
 
13,779
0.248
55,576
126.1
8.93
0.34
1975
 
15,046
0.269
56,016
127.1
0.79
0.33
1976
 
15,566
0.283
54,939
124.7
-1.92
0.30
1977
 
18,329
0.302
60,740
137.8
10.56
0.31
1978
 
22,268
0.323
68,992
156.6
13.59
0.31
1979
 
24,088
0.351
68,543
155.5
-0.65
0.29
1980
 
31,812
0.389
81,720
185.4
19.22
0.33
1981
 
38,254
0.424
90,190
204.7
10.36
0.35
1982
 
44,110
0.448
98,524
223.6
9.24
0.38
1983
 
42,837
0.467
91,775
208.3
-6.85
0.34
1984
 
48,459
0.484
100,041
227.0
9.01
0.36
1985
 
50,227
0.501
100,197
227.4
0.16
0.34
1986
 
51,909
0.512
101,347
230.0
1.15
0.32
1987
 
52,749
0.528
99,900
226.7
-1.43
0.30
1988
 
60,629
0.549
110,506
250.8
10.62
0.31
1989
 
65,771
0.573
114,862
260.7
3.94
0.29
1990
 
72,566
0.598
121,399
275.5
5.69
0.29
1991
 
74,121
0.618
119,987
272.3
-1.16
0.27
1992
 
76,073
0.634
119,951
272.2
-0.03
0.25
1993
 
72,852
0.650
112,080
254.3
-6.56
0.22
1994
 
72,969
0.664
109,966
249.5
-1.89
0.20
1995
 
71,063
0.678
104,884
238.0
-4.62
0.18
1996
 
70,788
0.692
102,290
232.1
-2.47
0.16
1997
 
74,704
0.704
106,103
240.8
3.73
0.15
1998
 
79,483
0.710
112,000
254.2
5.56
0.15
1999
 
78,473
0.720
108,989
247.3
-2.69
0.13
2000
 
79,823
0.738
108,129
245.4
-0.79
0.12
2001
 
84,974
0.753
112,844
256.1
4.36
0.12
2002
 
90,240
0.763
118,284
268.4
4.82
0.13
2003
 
92,000
0.779
118,109
268.0
-0.15
0.12
2004
 
95,807
0.798
120,018
272.4
1.62
0.12
2005
 
99,406
0.821
121,039
274.7
0.85
0.11
2006
 
107,001
0.844
126,718
287.6
4.69
0.11
2007
 
115,598
0.866
133,474
302.9
5.33
0.11
2008
 
126,666
0.892
142,050
322.4
6.43
0.12
2009
 
131,449
0.889
147,827
335.5
4.07
0.14
2010
 
144,884
0.905
160,068
363.2
8.28
0.14
2011
 
154,550
0.928
166,534
377.9
4.04
0.15
2012
 
154,209
0.945
163,125
370.2
-2.05
0.14
2013
 
156,109
0.958
162,985
369.9
-0.09
0.14
2014
 
163,775
0.971
168,630
382.7
3.46
0.14
2015
 
171,174
0.973
175,926
399.2
4.33
0.14
2016
 
175,603
0.983
178,669
405.5
1.56
0.14
2017
 
184,890
1.000
184,890
419.6
3.48
0.13
2018
 
192,432
1.020
188,572
427.9
1.99
0.13
2019
 
207,648
1.035
200,601
455.2
6.38
0.13
2020
 
217,738
1.046
208,093
472.2
3.73
0.13
2021
 
227,353
1.090
208,579
473.3
0.23
0.12
2022
 
217,685
1.160
187,590
425.7
-10.06
0.11
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_300_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:
Total Personal Income, 1969-2022
 
1969
 
2,278,607
0.189
12,066,976
100.0
N
0.29
1970
 
2,560,413
0.198
12,953,622
107.3
7.35
0.30
1971
 
2,860,381
0.206
13,881,975
115.0
7.17
0.31
1972
 
3,196,764
0.213
15,002,647
124.3
8.07
0.31
1973
 
3,630,058
0.225
16,165,923
134.0
7.75
0.32
1974
 
4,025,238
0.248
16,235,381
134.5
0.43
0.32
1975
 
4,543,971
0.269
16,917,241
140.2
4.20
0.33
1976
 
5,170,461
0.283
18,248,901
151.2
7.87
0.35
1977
 
5,977,935
0.302
19,810,230
164.2
8.56
0.36
1978
 
7,225,731
0.323
22,387,319
185.5
13.01
0.39
1979
 
8,372,017
0.351
23,822,716
197.4
6.41
0.40
1980
 
9,681,438
0.389
24,870,114
206.1
4.40
0.42
1981
 
10,998,173
0.424
25,929,914
214.9
4.26
0.42
1982
 
11,752,694
0.448
26,250,685
217.5
1.24
0.42
1983
 
12,530,750
0.467
26,846,238
222.5
2.27
0.42
1984
 
13,634,293
0.484
28,147,346
233.3
4.85
0.42
1985
 
14,791,280
0.501
29,507,022
244.5
4.83
0.42
1986
 
15,979,144
0.512
31,197,688
258.5
5.73
0.43
1987
 
17,406,994
0.528
32,966,543
273.2
5.67
0.44
1988
 
19,826,291
0.549
36,136,501
299.5
9.62
0.46
1989
 
22,328,914
0.573
38,994,977
323.2
7.91
0.48
1990
 
25,039,231
0.598
41,889,136
347.1
7.42
0.51
1991
 
27,543,572
0.618
44,587,645
369.5
6.44
0.54
1992
 
30,459,859
0.634
48,028,791
398.0
7.72
0.56
1993
 
32,932,912
0.650
50,666,018
419.9
5.49
0.58
1994
 
36,442,306
0.664
54,919,383
455.1
8.39
0.61
1995
 
40,075,451
0.678
59,148,465
490.2
7.70
0.64
1996
 
44,336,734
0.692
64,067,647
530.9
8.32
0.67
1997
 
48,450,166
0.704
68,814,416
570.3
7.41
0.69
1998
 
54,217,238
0.710
76,397,816
633.1
11.02
0.71
1999
 
58,623,619
0.720
81,420,562
674.7
6.57
0.73
2000
 
64,312,598
0.738
87,118,471
722.0
7.00
0.75
2001
 
68,026,741
0.753
90,338,558
748.6
3.70
0.76
2002
 
69,952,742
0.763
91,691,998
759.9
1.50
0.76
2003
 
74,518,428
0.779
95,666,454
792.8
4.33
0.79
2004
 
82,524,683
0.798
103,379,412
856.7
8.06
0.82
2005
 
92,194,143
0.821
112,258,019
930.3
8.59
0.87
2006
 
99,485,129
0.844
117,817,538
976.4
4.95
0.88
2007
 
103,705,970
0.866
119,743,173
992.3
1.63
0.87
2008
 
102,535,875
0.892
114,989,206
952.9
-3.97
0.83
2009
 
96,982,751
0.889
109,066,195
903.8
-5.15
0.80
2010
 
100,750,401
0.905
111,309,191
922.4
2.06
0.80
2011
 
104,596,400
0.928
112,706,780
934.0
1.26
0.79
2012
 
108,696,140
0.945
114,981,002
952.9
2.02
0.78
2013
 
108,914,362
0.958
113,711,866
942.3
-1.10
0.77
2014
 
115,514,106
0.971
118,938,341
985.7
4.60
0.78
2015
 
125,088,591
0.973
128,561,024
1,065.4
8.09
0.81
2016
 
129,879,146
0.983
132,146,785
1,095.1
2.79
0.82
2017
 
138,846,976
1.000
138,846,976
1,150.6
5.07
0.83
2018
 
148,408,130
1.020
145,431,154
1,205.2
4.74
0.85
2019
 
159,292,887
1.035
153,886,842
1,275.3
5.81
0.87
2020
 
170,269,224
1.046
162,726,835
1,348.5
5.74
0.87
2021
 
192,006,059
1.090
176,150,732
1,459.8
8.25
0.90
2022
 
197,290,898
1.160
170,015,337
1,408.9
-3.48
0.90
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_300_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:
Total Personal Income, 1969-2022
 
1969
 
791,229,000
0.189
4,190,165,758
100.0
N
1970
 
855,525,000
0.198
4,328,265,709
103.3
3.30
1971
 
924,613,000
0.206
4,487,323,465
107.1
3.67
1972
 
1,016,408,000
0.213
4,770,076,966
113.8
6.30
1973
 
1,133,468,000
0.225
5,047,731,018
120.5
5.82
1974
 
1,244,912,000
0.248
5,021,223,733
119.8
-0.53
1975
 
1,362,505,000
0.269
5,072,617,275
121.1
1.02
1976
 
1,495,704,000
0.283
5,279,017,400
126.0
4.07
1977
 
1,651,632,000
0.302
5,473,329,799
130.6
3.68
1978
 
1,855,849,000
0.323
5,749,934,936
137.2
5.05
1979
 
2,073,296,000
0.351
5,899,598,782
140.8
2.60
1980
 
2,313,972,000
0.389
5,944,235,512
141.9
0.76
1981
 
2,590,995,000
0.424
6,108,676,176
145.8
2.77
1982
 
2,777,640,000
0.448
6,204,105,336
148.1
1.56
1983
 
2,969,333,000
0.467
6,361,584,112
151.8
2.54
1984
 
3,275,415,000
0.484
6,761,937,695
161.4
6.29
1985
 
3,508,482,000
0.501
6,999,046,441
167.0
3.51
1986
 
3,717,756,000
0.512
7,258,548,586
173.2
3.71
1987
 
3,931,800,000
0.528
7,446,308,852
177.7
2.59
1988
 
4,264,433,000
0.549
7,772,592,728
185.5
4.38
1989
 
4,605,107,000
0.573
8,042,309,775
191.9
3.47
1990
 
4,897,332,000
0.598
8,192,943,538
195.5
1.87
1991
 
5,072,291,000
0.618
8,211,045,100
196.0
0.22
1992
 
5,406,546,000
0.634
8,524,985,809
203.5
3.82
1993
 
5,643,648,000
0.650
8,682,535,385
207.2
1.85
1994
 
5,933,938,000
0.664
8,942,579,420
213.4
3.00
1995
 
6,278,125,000
0.678
9,266,058,093
221.1
3.62
1996
 
6,660,854,000
0.692
9,625,094,288
229.7
3.87
1997
 
7,068,422,000
0.704
10,039,373,926
239.6
4.30
1998
 
7,584,003,000
0.710
10,686,661,406
255.0
6.45
1999
 
7,978,449,000
0.720
11,081,025,264
264.5
3.69
2000
 
8,620,234,000
0.738
11,677,052,911
278.7
5.38
2001
 
8,990,104,000
0.753
11,938,732,039
284.9
2.24
2002
 
9,146,700,000
0.763
11,989,225,466
286.1
0.42
2003
 
9,474,684,000
0.779
12,163,560,736
290.3
1.45
2004
 
10,008,929,000
0.798
12,538,275,270
299.2
3.08
2005
 
10,540,800,000
0.821
12,834,755,927
306.3
2.36
2006
 
11,291,446,000
0.844
13,372,153,008
319.1
4.19
2007
 
11,925,044,000
0.866
13,769,145,681
328.6
2.97
2008
 
12,423,410,000
0.892
13,932,275,429
332.5
1.18
2009
 
12,058,253,000
0.889
13,560,635,845
323.6
-2.67
2010
 
12,547,501,000
0.905
13,862,497,514
330.8
2.23
2011
 
13,299,818,000
0.928
14,331,082,712
342.0
3.38
2012
 
13,905,749,000
0.945
14,709,785,897
351.1
2.64
2013
 
14,063,283,000
0.958
14,682,748,144
350.4
-0.18
2014
 
14,778,160,000
0.971
15,216,235,418
363.1
3.63
2015
 
15,467,113,000
0.973
15,896,476,839
379.4
4.47
2016
 
15,884,741,000
0.983
16,162,082,333
385.7
1.67
2017
 
16,658,962,000
1.000
16,658,962,000
397.6
3.07
2018
 
17,514,402,000
1.020
17,163,073,878
409.6
3.03
2019
 
18,343,601,000
1.035
17,721,060,157
422.9
3.25
2020
 
19,609,985,000
1.046
18,741,324,605
447.3
5.76
2021
 
21,392,812,000
1.090
19,626,252,970
468.4
4.72
2022
 
21,820,248,000
1.160
18,803,588,325
448.8
-4.19
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 2023
REAP_PI_CA1400_300_PN
 
   
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