Metropolitan U.S. vs. Nebraska
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Metropolitan U.S. vs. Nebraska
Metropolitan U.S.:
2022 PCI = $67,767
Nebraska:
2022 PCI = $64,268
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.
Metropolitan U.S. Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Metropolitan U.S. Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts the Metropolitan U.S.'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 the Metropolitan U.S. over time.
When measured in current dollars, the Metropolitan U.S.'s per capita personal income increased 1,436.93%, from $4,409 in 1970 to $67,767 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 161.79%, from $22,307 in 1970 to $58,399 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces the Metropolitan U.S.'s and Nebraska'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, the Metropolitan U.S.'s real per capita personal income rose from $21,915 in 1969 to $58,399 in 2022, for a net gain of $36,484, or 166.48%. In comparison, Nebraska's real per capita personal income advanced from $19,327 in 1969 to $55,383 in 2022, for a net advance of $36,056, or 186.56%.
In addition, the United States' real per capita personal income increased from $20,816 in 1969 to $56,419 in 2022, for a net gain of $35,603, or 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 3.
Figure 3 depicts the trends for per capita personal income relative to the national average by tracing the Metropolitan U.S. and Nebraska per capita personal income as a percent of the national average over 1969-2022.
In 1969, the Metropolitan U.S.'s per capita personal income amounted to 105.28% of the national average; in 2022, it approximated 103.51%. Similarly, in 1969, Nebraska's per capita personal income totaled 92.85% of the national average; in 2022, it consisted of 98.16%.
Metropolitan U.S. Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Metropolitan U.S. Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 4.
Figure 4 shows the short-run pattern of the Metropolitan U.S.'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 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, the Metropolitan U.S.'s real per capita personal income grew at an annual rate of 1.89% over 1970-2022. The Metropolitan U.S. posted its highest growth in 1998 (5.39%) and posted its lowest growth in 2022 (-4.52%). In 2022, the Metropolitan U.S.'s real per capita personal income declined by -4.52%
Metropolitan U.S. Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Metropolitan U.S. Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 5.
Over the past five decades some metropolitan regions have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 5 again illustrates the annual percent change in the Metropolitan U.S.'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, the Metropolitan U.S.'s annual real per capita personal income growth rate averaged 2.27%. It averaged 2.23% throughout the 1980s, 2.00% throughout the 1990s, 1.00% in the 2000s, 1.97% in the 2010s, 1.72% 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 6.
Figure 6 compares the decade average growth rates for the Metropolitan U.S. noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, the Metropolitan U.S.'s average annual real per capita personal income growth fell below Nebraska's average during the 1970s (2.27% vs. 2.78%), registered above Nebraska's average during the 1980s (2.23% vs. 1.90%), amounted to less than Nebraska's average throughout the 1990s (2.00% vs. 2.37%), trailed Nebraska's average during the 2000s (1.00% vs. 1.53%), outgained Nebraska's average during the 2010s (1.97% vs. 1.58%), and lagged Nebraska's average over the 3 year period of the current decade, 2020-2022 (1.72% vs. 2.46%).
Finally, relative to nationwide real per capita personal income growth trends, the Metropolitan U.S. fell below the nation in the 1970s (2.27% vs. 2.37%), topped the nation throughout the 1980s (2.23% vs. 2.19%), fell below the nation in the 1990s (2.00% vs. 2.01%), fell under the nation in the 2000s (1.00% vs. 1.10%), outgained the nation during the 2010s (1.97% vs. 1.97%), and fell below the nation over 2020-2022 (1.72% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.89
2.27
2.23
2.00
1.00
1.97
1.72
-4.52
 
2.06
2.78
1.90
2.37
1.53
1.58
2.46
-3.69
 
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.

   
 
Metropolitan U.S.:
Per Capita Personal Income, 1969-2022
 
1969
 
4,138
0.189
21,915
100.0
N
105.28
1970
 
4,409
0.198
22,307
101.8
1.79
105.04
1971
 
4,692
0.206
22,769
103.9
2.07
104.94
1972
 
5,086
0.213
23,871
108.9
4.84
104.73
1973
 
5,570
0.225
24,807
113.2
3.92
103.87
1974
 
6,077
0.248
24,511
111.8
-1.19
104.14
1975
 
6,585
0.269
24,517
111.9
0.03
104.14
1976
 
7,169
0.283
25,304
115.5
3.21
104.28
1977
 
7,845
0.302
25,997
118.6
2.74
104.38
1978
 
8,715
0.323
27,001
123.2
3.86
104.30
1979
 
9,629
0.351
27,400
125.0
1.48
104.30
1980
 
10,659
0.389
27,381
124.9
-0.07
104.67
1981
 
11,796
0.424
27,811
126.9
1.57
104.47
1982
 
12,536
0.448
28,000
127.8
0.68
104.55
1983
 
13,304
0.467
28,503
130.1
1.80
104.75
1984
 
14,527
0.484
29,989
136.8
5.21
104.59
1985
 
15,445
0.501
30,811
140.6
2.74
104.74
1986
 
16,228
0.512
31,683
144.6
2.83
104.82
1987
 
17,015
0.528
32,224
147.0
1.71
104.85
1988
 
18,314
0.549
33,380
152.3
3.59
105.00
1989
 
19,552
0.573
34,145
155.8
2.29
104.79
1990
 
20,551
0.598
34,381
156.9
0.69
104.75
1991
 
20,968
0.618
33,944
154.9
-1.27
104.58
1992
 
22,007
0.634
34,701
158.3
2.23
104.41
1993
 
22,660
0.650
34,862
159.1
0.46
104.36
1994
 
23,503
0.664
35,420
161.6
1.60
104.22
1995
 
24,619
0.678
36,336
165.8
2.59
104.42
1996
 
25,794
0.692
37,273
170.1
2.58
104.32
1997
 
27,062
0.704
38,436
175.4
3.12
104.38
1998
 
28,747
0.710
40,508
184.8
5.39
104.56
1999
 
29,931
0.720
41,570
189.7
2.62
104.68
2000
 
32,033
0.738
43,392
198.0
4.38
104.85
2001
 
32,989
0.753
43,809
199.9
0.96
104.57
2002
 
33,213
0.763
43,535
198.7
-0.63
104.44
2003
 
34,046
0.779
43,708
199.4
0.40
104.25
2004
 
35,606
0.798
44,605
203.5
2.05
104.16
2005
 
37,180
0.821
45,272
206.6
1.50
104.24
2006
 
39,524
0.844
46,808
213.6
3.39
104.44
2007
 
41,303
0.866
47,690
217.6
1.89
104.33
2008
 
42,479
0.892
47,638
217.4
-0.11
103.98
2009
 
40,751
0.889
45,828
209.1
-3.80
103.67
2010
 
41,994
0.905
46,395
211.7
1.24
103.54
2011
 
44,112
0.928
47,532
216.9
2.45
103.43
2012
 
45,779
0.945
48,426
221.0
1.88
103.48
2013
 
45,845
0.958
47,865
218.4
-1.16
103.25
2014
 
47,836
0.971
49,254
224.8
2.90
103.35
2015
 
49,741
0.973
51,122
233.3
3.79
103.50
2016
 
50,756
0.983
51,643
235.7
1.02
103.65
2017
 
52,884
1.000
52,884
241.3
2.40
103.69
2018
 
55,293
1.020
54,184
247.3
2.46
103.72
2019
 
57,603
1.035
55,648
253.9
2.70
103.70
2020
 
61,202
1.046
58,491
266.9
5.11
103.46
2021
 
66,666
1.090
61,161
279.1
4.56
103.47
2022
 
67,767
1.160
58,399
266.5
-4.52
103.51
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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.

   
 
Nebraska:
Per Capita Personal Income, 1969-2022
 
1969
 
3,649
0.189
19,327
100.0
N
92.85
1970
 
3,897
0.198
19,715
102.0
2.01
92.83
1971
 
4,234
0.206
20,548
106.3
4.23
94.71
1972
 
4,645
0.213
21,799
112.8
6.09
95.64
1973
 
5,382
0.225
23,966
124.0
9.94
100.35
1974
 
5,570
0.248
22,465
116.2
-6.26
95.44
1975
 
6,336
0.269
23,589
122.1
5.00
100.19
1976
 
6,597
0.283
23,282
120.5
-1.30
95.95
1977
 
7,123
0.302
23,606
122.1
1.39
94.78
1978
 
8,208
0.323
25,430
131.6
7.73
98.23
1979
 
8,844
0.351
25,165
130.2
-1.04
95.79
1980
 
9,392
0.389
24,126
124.8
-4.13
92.22
1981
 
10,858
0.424
25,599
132.5
6.11
96.16
1982
 
11,643
0.448
26,005
134.6
1.59
97.10
1983
 
12,031
0.467
25,775
133.4
-0.89
94.72
1984
 
13,344
0.484
27,548
142.5
6.88
96.08
1985
 
14,101
0.501
28,130
145.5
2.11
95.62
1986
 
14,606
0.512
28,518
147.6
1.38
94.34
1987
 
15,307
0.528
28,990
150.0
1.66
94.33
1988
 
16,359
0.549
29,818
154.3
2.85
93.80
1989
 
17,320
0.573
30,248
156.5
1.44
92.83
1990
 
18,486
0.598
30,925
160.0
2.24
94.22
1991
 
19,014
0.618
30,779
159.3
-0.47
94.83
1992
 
19,974
0.634
31,494
163.0
2.32
94.77
1993
 
20,460
0.650
31,476
162.9
-0.06
94.23
1994
 
21,592
0.664
32,539
168.4
3.38
95.74
1995
 
22,561
0.678
33,298
172.3
2.33
95.69
1996
 
24,321
0.692
35,144
181.8
5.54
98.36
1997
 
24,880
0.704
35,338
182.8
0.55
95.97
1998
 
26,387
0.710
37,182
192.4
5.22
95.98
1999
 
27,467
0.720
38,148
197.4
2.60
96.06
2000
 
28,924
0.738
39,181
202.7
2.71
94.68
2001
 
30,184
0.753
40,084
207.4
2.31
95.68
2002
 
30,553
0.763
40,048
207.2
-0.09
96.08
2003
 
32,268
0.779
41,425
214.3
3.44
98.80
2004
 
33,496
0.798
41,961
217.1
1.29
97.99
2005
 
34,401
0.821
41,888
216.7
-0.17
96.45
2006
 
35,718
0.844
42,300
218.9
0.98
94.39
2007
 
38,184
0.866
44,089
228.1
4.23
96.45
2008
 
40,291
0.892
45,184
233.8
2.48
98.62
2009
 
39,422
0.889
44,334
229.4
-1.88
100.29
2010
 
41,086
0.905
45,392
234.9
2.39
101.30
2011
 
45,611
0.928
49,148
254.3
8.27
106.94
2012
 
46,391
0.945
49,074
253.9
-0.15
104.87
2013
 
45,918
0.958
47,941
248.1
-2.31
103.42
2014
 
48,195
0.971
49,624
256.8
3.51
104.12
2015
 
49,716
0.973
51,096
264.4
2.97
103.45
2016
 
48,695
0.983
49,545
256.4
-3.04
99.43
2017
 
49,538
1.000
49,538
256.3
-0.01
97.13
2018
 
51,439
1.020
50,407
260.8
1.76
96.49
2019
 
53,450
1.035
51,636
267.2
2.44
96.22
2020
 
56,733
1.046
54,220
280.5
5.01
95.91
2021
 
62,682
1.090
57,506
297.6
6.06
97.29
2022
 
64,268
1.160
55,383
286.6
-3.69
98.16
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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 Nebraska Regional Economic Analysis Project (NE-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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