Lancaster County vs. Nebraska | Total Personal Income Trends over 1969-2022

Introduction

Lancaster County:

2022 TPI = $19,600,428K

2022 Percent of State = 15.50%

Nebraska:

2022 TPI = $126,473,544K

2022 Percent of U.S. = 0.58%

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 Lancaster County and Nebraska 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.

Lancaster County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Lancaster 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 Lancaster County over time.

When measured in current dollars, Lancaster County's total personal income increased 2,647.31%, from $713M in 1970 to $19,600M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 367.96%, from $3,609M in 1970 to $16,891M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Lancaster County's and Nebraska'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, Lancaster County's real total personal income rose from $3,450M in 1969 to $16,891M in 2022, for a net gain of $13,440M, or 389.53%. In comparison, Nebraska's real total personal income increased from $28,487M in 1969 to $108,989M in 2022, for a net gain of $80,501M, or 282.58%.

Real Total Personal Income Indices (1969=100): 1969-2022

Figure 3.

Figure 3 shows Lancaster County's real total personal income growth in a broader context by offering direct comparisons across time with Nebraska, 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.

Lancaster County's overall real total personal income growth was 389.53% over 1969-2022 outpaced Nebraska's increase of 282.58%, and topped the United States' increase of 348.76%.

Total Personal Income as a Percent of the Nebraska Total: 1969-2022

Figure 4.

Another interesting and insightful way of contrasting the total personal income growth of Lancaster County is to compare its individual percentage contributions to Nebraska'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 Nebraska's total personal income, while a declining share shows it grew more slowly.

In 1969, Lancaster County's total personal income totaled 12.11% of Nebraska's total personal income, while in 2022 it totaled 15.50% thereby yielding a +3.39% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Lancaster County	+3.39%	=	15.50%	-	12.11%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Lancaster County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 5.

Figure 5 shows the short-run pattern of Lancaster 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, Lancaster County's real total personal income grew at an annual rate of 3.07% over 1970-2022. The county posted its highest growth in 1998 (7.90%) and recorded its lowest growth in 2022 (-3.76%). In 2022, Lancaster County's real total personal income declined by -3.76%

Lancaster 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 illustrates the annual percent change in Lancaster County's real total 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, Lancaster County's annual real total personal income growth rate averaged 4.11%. It averaged 2.41% throughout the 1980s, 4.22% throughout the 1990s, 2.06% in the 2000s, 2.62% throughout the 2010s, 2.77% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 7.

Figure 7 compares the decade average growth rates for Lancaster County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Lancaster County's average annual real total personal income growth registered above Nebraska's average in the 1970s (4.11% vs. 3.39%), recorded above Nebraska's average throughout the 1980s (2.41% vs. 1.97%), topped Nebraska's average in the 1990s (4.22% vs. 3.18%), fell below Nebraska's average in the 2000s (2.06% vs. 2.15%), surpassed Nebraska's average in the 2010s (2.62% vs. 2.35%), and surpassed Nebraska's average over the 3 year period of the current decade, 2020-2022 (2.77% vs. 2.68%).

Finally, relative to nationwide real total personal income growth trends, Lancaster County recorded above the nation during the 1970s (4.11% vs. 3.50%), trailed the nation over the 1980s (2.41% vs. 3.16%), topped the nation over the 1990s (4.22% vs. 3.27%), fell under the nation during the 2000s (2.06% vs. 2.06%), fell under the nation in the 2010s (2.62% vs. 2.72%), and surpassed the nation over 2020-2022 (2.77% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Lancaster	3.07	4.11	2.41	4.22	2.06	2.62	2.77	-3.76
Nebraska	2.61	3.39	1.97	3.18	2.15	2.35	2.68	-3.48
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Lancaster County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	651,535	0.189	3,450,379	100.0	N	12.11
1970	713,442	0.198	3,609,440	104.6	4.61	12.30
1971	782,860	0.206	3,799,369	110.1	5.26	12.29
1972	860,219	0.213	4,037,071	117.0	6.26	12.20
1973	965,600	0.225	4,300,156	124.6	6.52	11.74
1974	1,072,583	0.248	4,326,153	125.4	0.60	12.52
1975	1,207,849	0.269	4,496,832	130.3	3.95	12.37
1976	1,329,882	0.283	4,693,756	136.0	4.38	13.02
1977	1,458,086	0.302	4,831,939	140.0	2.94	13.17
1978	1,645,001	0.323	5,096,669	147.7	5.48	12.84
1979	1,810,658	0.351	5,152,258	149.3	1.09	13.09
1980	1,981,852	0.389	5,091,071	147.6	-1.19	13.42
1981	2,222,386	0.424	5,239,623	151.9	2.92	12.97
1982	2,406,533	0.448	5,375,205	155.8	2.59	13.07
1983	2,522,193	0.467	5,403,619	156.6	0.53	13.23
1984	2,735,297	0.484	5,646,890	163.7	4.50	12.90
1985	2,924,966	0.501	5,834,994	169.1	3.33	13.09
1986	3,055,882	0.512	5,966,305	172.9	2.25	13.29
1987	3,226,794	0.528	6,111,121	177.1	2.43	13.46
1988	3,486,437	0.549	6,354,574	184.2	3.98	13.56
1989	3,737,313	0.573	6,526,804	189.2	2.71	13.70
1990	4,035,745	0.598	6,751,560	195.7	3.44	13.80
1991	4,248,866	0.618	6,878,081	199.3	1.87	14.00
1992	4,544,316	0.634	7,165,430	207.7	4.18	14.12
1993	4,784,014	0.650	7,360,022	213.3	2.72	14.38
1994	5,152,128	0.664	7,764,374	225.0	5.49	14.56
1995	5,545,183	0.678	8,184,289	237.2	5.41	14.83
1996	5,899,515	0.692	8,524,941	247.1	4.16	14.49
1997	6,190,041	0.704	8,791,798	254.8	3.13	14.75
1998	6,731,965	0.710	9,486,050	274.9	7.90	15.04
1999	7,099,058	0.720	9,859,666	285.8	3.94	15.16
2000	7,727,012	0.738	10,467,086	303.4	6.16	15.59
2001	7,911,002	0.753	10,505,700	304.5	0.37	15.24
2002	8,280,290	0.763	10,853,561	314.6	3.31	15.68
2003	8,615,173	0.779	11,060,124	320.5	1.90	15.36
2004	8,943,873	0.798	11,204,070	324.7	1.30	15.26
2005	9,278,574	0.821	11,297,836	327.4	0.84	15.31
2006	9,807,271	0.844	11,614,485	336.6	2.80	15.49
2007	10,341,874	0.866	11,941,153	346.1	2.81	15.19
2008	10,872,237	0.892	12,192,707	353.4	2.11	15.02
2009	10,727,992	0.889	12,064,633	349.7	-1.05	15.01
2010	11,086,329	0.905	12,248,193	355.0	1.52	14.74
2011	11,689,616	0.928	12,596,026	365.1	2.84	13.90
2012	12,336,199	0.945	13,049,484	378.2	3.60	14.31
2013	12,368,783	0.958	12,913,608	374.3	-1.04	14.38
2014	12,964,134	0.971	13,348,435	386.9	3.37	14.23
2015	13,678,086	0.973	14,057,787	407.4	5.31	14.45
2016	13,970,413	0.983	14,214,331	412.0	1.11	14.93
2017	14,678,104	1.000	14,678,104	425.4	3.26	15.32
2018	15,433,711	1.020	15,124,120	438.3	3.04	15.42
2019	16,156,857	1.035	15,608,529	452.4	3.20	15.46
2020	17,260,040	1.046	16,495,475	478.1	5.68	15.50
2021	19,129,727	1.090	17,550,047	508.6	6.39	15.54
2022	19,600,428	1.160	16,890,659	489.5	-3.76	15.50

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PSN

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Nebraska:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	5,379,281	0.189	28,487,428	100.0	N	0.68
1970	5,798,379	0.198	29,335,116	103.0	2.98	0.68
1971	6,368,793	0.206	30,908,969	108.5	5.37	0.69
1972	7,052,470	0.213	33,097,757	116.2	7.08	0.69
1973	8,225,746	0.225	36,632,135	128.6	10.68	0.73
1974	8,565,102	0.248	34,546,453	121.3	-5.69	0.69
1975	9,766,447	0.269	36,360,562	127.6	5.25	0.72
1976	10,217,431	0.283	36,061,945	126.6	-0.82	0.68
1977	11,073,092	0.302	36,695,029	128.8	1.76	0.67
1978	12,810,851	0.323	39,691,570	139.3	8.17	0.69
1979	13,834,996	0.351	39,367,715	138.2	-0.82	0.67
1980	14,766,423	0.389	37,932,653	133.2	-3.65	0.64
1981	17,139,112	0.424	40,408,139	141.8	6.53	0.66
1982	18,416,033	0.448	41,133,843	144.4	1.80	0.66
1983	19,059,909	0.467	40,834,495	143.3	-0.73	0.64
1984	21,198,999	0.484	43,764,320	153.6	7.17	0.65
1985	22,345,017	0.501	44,575,920	156.5	1.85	0.64
1986	22,995,304	0.512	44,896,042	157.6	0.72	0.62
1987	23,979,655	0.528	45,414,293	159.4	1.15	0.61
1988	25,708,448	0.549	46,857,647	164.5	3.18	0.60
1989	27,277,131	0.573	47,636,491	167.2	1.66	0.59
1990	29,237,911	0.598	48,913,276	171.7	2.68	0.60
1991	30,344,047	0.618	49,121,065	172.4	0.42	0.60
1992	32,191,221	0.634	50,758,784	178.2	3.33	0.60
1993	33,258,813	0.650	51,167,405	179.6	0.81	0.59
1994	35,389,620	0.664	53,332,962	187.2	4.23	0.60
1995	37,383,281	0.678	55,175,017	193.7	3.45	0.60
1996	40,706,786	0.692	58,822,285	206.5	6.61	0.61
1997	41,958,216	0.704	59,593,813	209.2	1.31	0.59
1998	44,746,986	0.710	63,053,230	221.3	5.80	0.59
1999	46,824,406	0.720	65,032,994	228.3	3.14	0.59
2000	49,570,265	0.738	67,148,364	235.7	3.25	0.58
2001	51,911,791	0.753	68,938,130	242.0	2.67	0.58
2002	52,804,271	0.763	69,214,286	243.0	0.40	0.58
2003	56,102,181	0.779	72,023,752	252.8	4.06	0.59
2004	58,597,206	0.798	73,405,246	257.7	1.92	0.59
2005	60,598,110	0.821	73,785,856	259.0	0.52	0.57
2006	63,317,163	0.844	74,984,797	263.2	1.62	0.56
2007	68,098,639	0.866	78,629,486	276.0	4.86	0.57
2008	72,377,339	0.892	81,167,813	284.9	3.23	0.58
2009	71,459,691	0.889	80,363,121	282.1	-0.99	0.59
2010	75,194,060	0.905	83,074,508	291.6	3.37	0.60
2011	84,096,145	0.928	90,616,940	318.1	9.08	0.63
2012	86,235,852	0.945	91,222,049	320.2	0.67	0.62
2013	86,022,151	0.958	89,811,289	315.3	-1.55	0.61
2014	91,084,468	0.971	93,784,524	329.2	4.42	0.62
2015	94,681,723	0.973	97,310,068	341.6	3.76	0.61
2016	93,559,697	0.983	95,193,213	334.2	-2.18	0.59
2017	95,823,701	1.000	95,823,701	336.4	0.66	0.58
2018	100,067,751	1.020	98,060,454	344.2	2.33	0.57
2019	104,489,901	1.035	100,943,747	354.3	2.94	0.57
2020	111,347,511	1.046	106,415,168	373.6	5.42	0.57
2021	123,080,460	1.090	112,916,817	396.4	6.11	0.58
2022	126,473,544	1.160	108,988,516	382.6	-3.48	0.58

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PSN

Interactive Table Tip: 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


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PN

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