Humboldt County vs. California
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Humboldt County:
2017 PCI = $46,722
2017 Percent of State = 78.1%
California:
2017 PCI = $59,796
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.
Humboldt County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Humboldt County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Humboldt 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 Humboldt County over time.
When measured in current dollars, Humboldt County's per capita personal income increased 1,084.0%, from $3,946 in 1969 to $46,722 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 123.4%, from $19,716 in 1969 to $44,047 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 traces Humboldt County's and California'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, Humboldt County's real per capita personal income rose from $19,716 in 1969 to $44,047 in 2017, for a net gain of $24,331, or 123.4%. In comparison, California's real per capita personal income advanced from $23,364 in 1969 to $56,372 in 2017, for a net gain of $33,009, or 141.3%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Humboldt County's real per capita personal income growth in a broader context by offering direct comparisons across time with California, 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.
Humboldt County's overall real per capita personal income growth was 123.4% over 1969-2017 trailed California's increase of 141.3%, 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 depicts the trends for per capita personal income relative to the national average by tracing Humboldt County and California per capita personal income as a percent of the national average over 1969-2017.
In 1969, Humboldt County's per capita personal income amounted to 100.4% of the national average; in 2017, it approximated 90.5%. Similarly, in 1969, California's per capita personal income totaled 119.0% of the national average; in 2017, it consisted of 115.8%.
Humboldt County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Humboldt County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Humboldt 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, Humboldt County's real per capita personal income grew at an annual rate of 1.72% over 1970-2017. The county recorded its highest growth in 2001 (7.78%) and posted its lowest growth in 2008 (-4.26%). In 2017, Humboldt County's real per capita personal income grew by 1.76%
Humboldt County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Humboldt 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 Humboldt 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, Humboldt County's annual real per capita personal income growth rate averaged 2.05%. It averaged 0.90% during the 1980s, 1.22% throughout the 1990s, 1.77% throughout the 2000s, and 2.91% 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 Humboldt County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Humboldt County's average annual real per capita personal income growth lagged California's average throughout the 1970s (2.05% vs. 2.15%), lagged California's average during the 1980s (0.90% vs. 1.63%), lagged California's average in the 1990s (1.22% vs. 1.67%), registered above California's average throughout the 2000s (1.77% vs. 1.18%), and lagged California's average over the 8 year period of the last decade, 2010-2017 (2.91% vs. 2.96%).
Finally, relative to nationwide real per capita personal income growth trends, Humboldt County recorded underneath the nation throughout the 1970s (2.05% vs. 2.35%), trailed the nation throughout the 1980s (0.90% vs. 2.21%), trailed the nation during the 1990s (1.22% vs. 2.02%), led the nation in the 2000s (1.77% vs. 1.10%), and surpassed the nation over 2010-2017 (2.91% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.72
2.05
0.90
1.22
1.77
2.91
1.76
 
1.88
2.15
1.63
1.67
1.18
2.96
2.20
 
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.

   
 
Humboldt County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,946
0.200
19,716
100.0
N
84.39
100.41
1970
 
4,119
0.210
19,658
99.7
-0.29
82.93
98.16
1971
 
4,488
0.218
20,548
104.2
4.53
86.14
100.46
1972
 
4,699
0.226
20,807
105.5
1.26
83.14
96.84
1973
 
5,145
0.238
21,618
109.6
3.90
84.12
96.13
1974
 
5,606
0.263
21,333
108.2
-1.32
83.40
96.27
1975
 
6,223
0.285
21,860
110.9
2.47
85.18
98.59
1976
 
6,969
0.300
23,205
117.7
6.15
87.60
101.65
1977
 
7,524
0.320
23,523
119.3
1.37
86.87
100.40
1978
 
8,193
0.342
23,949
121.5
1.81
84.85
98.26
1979
 
8,978
0.373
24,102
122.2
0.64
83.51
97.46
1980
 
9,807
0.413
23,766
120.5
-1.39
82.23
96.59
1981
 
10,257
0.450
22,814
115.7
-4.01
78.13
91.07
1982
 
10,544
0.475
22,218
112.7
-2.61
76.78
88.26
1983
 
11,386
0.495
23,015
116.7
3.58
78.32
90.00
1984
 
12,156
0.513
23,675
120.1
2.87
76.62
87.70
1985
 
12,728
0.531
23,954
121.5
1.18
75.91
86.47
1986
 
13,536
0.543
24,933
126.5
4.09
77.03
87.56
1987
 
14,257
0.560
25,476
129.2
2.18
77.10
87.66
1988
 
15,000
0.582
25,795
130.8
1.25
76.51
86.08
1989
 
15,948
0.607
26,277
133.3
1.87
77.51
85.50
1990
 
16,306
0.634
25,738
130.5
-2.05
75.86
83.23
1991
 
16,687
0.655
25,487
129.3
-0.97
76.46
83.50
1992
 
17,333
0.672
25,787
130.8
1.18
76.55
82.31
1993
 
17,893
0.689
25,973
131.7
0.72
77.92
82.46
1994
 
18,516
0.703
26,328
133.5
1.37
78.67
82.16
1995
 
18,870
0.718
26,278
133.3
-0.19
76.72
80.07
1996
 
20,018
0.733
27,293
138.4
3.86
77.33
80.95
1997
 
20,913
0.746
28,025
142.1
2.68
77.04
80.59
1998
 
22,178
0.752
29,486
149.5
5.21
76.39
80.62
1999
 
22,604
0.763
29,610
150.2
0.42
74.17
78.96
2000
 
23,773
0.782
30,386
154.1
2.62
71.83
77.68
2001
 
26,115
0.797
32,751
166.1
7.78
76.62
82.67
2002
 
26,634
0.808
32,968
167.2
0.66
77.80
83.67
2003
 
28,236
0.824
34,285
173.9
4.00
79.65
86.40
2004
 
29,941
0.844
35,470
179.9
3.46
80.13
87.42
2005
 
30,381
0.868
34,996
177.5
-1.34
77.25
84.75
2006
 
31,976
0.892
35,858
181.9
2.46
75.88
83.90
2007
 
32,095
0.914
35,101
178.0
-2.11
73.50
80.55
2008
 
31,649
0.942
33,605
170.4
-4.26
72.10
77.38
2009
 
33,030
0.941
35,103
178.0
4.46
78.55
84.08
2010
 
35,805
0.957
37,412
189.7
6.58
82.10
88.31
2011
 
37,215
0.981
37,923
192.3
1.37
80.65
87.10
2012
 
37,923
1.000
37,923
192.3
-0.00
77.79
85.06
2013
 
38,890
1.013
38,374
194.6
1.19
79.09
86.76
2014
 
40,782
1.029
39,645
201.1
3.31
78.07
86.73
2015
 
43,711
1.031
42,386
215.0
6.91
78.51
89.32
2016
 
45,119
1.042
43,285
219.5
2.12
78.47
90.54
2017
 
46,722
1.061
44,047
223.4
1.76
78.14
90.48
Source: Calculations by the California Regional Economic Analysis Project (CA-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.

   
 
California:
Per Capita Personal Income, 1969-2017
 
1969
 
4,676
0.200
23,364
100.0
N
118.98
1970
 
4,966
0.210
23,704
101.5
1.46
118.37
1971
 
5,210
0.218
23,855
102.1
0.64
116.62
1972
 
5,653
0.226
25,027
107.1
4.91
116.48
1973
 
6,116
0.238
25,697
110.0
2.68
114.28
1974
 
6,722
0.263
25,578
109.5
-0.46
115.42
1975
 
7,306
0.285
25,663
109.8
0.33
115.75
1976
 
7,955
0.300
26,489
113.4
3.22
116.04
1977
 
8,662
0.320
27,079
115.9
2.23
115.57
1978
 
9,656
0.342
28,224
120.8
4.23
115.80
1979
 
10,752
0.373
28,862
123.5
2.26
116.71
1980
 
11,926
0.413
28,904
123.7
0.14
117.46
1981
 
13,128
0.450
29,201
125.0
1.03
116.57
1982
 
13,732
0.475
28,937
123.9
-0.91
114.95
1983
 
14,538
0.495
29,384
125.8
1.55
114.91
1984
 
15,864
0.513
30,898
132.2
5.15
114.46
1985
 
16,767
0.531
31,557
135.1
2.13
113.92
1986
 
17,573
0.543
32,369
138.5
2.57
113.68
1987
 
18,491
0.560
33,041
141.4
2.08
113.69
1988
 
19,606
0.582
33,715
144.3
2.04
112.51
1989
 
20,576
0.607
33,903
145.1
0.56
110.31
1990
 
21,494
0.634
33,927
145.2
0.07
109.71
1991
 
21,824
0.655
33,333
142.7
-1.75
109.20
1992
 
22,644
0.672
33,687
144.2
1.06
107.52
1993
 
22,964
0.689
33,334
142.7
-1.05
105.84
1994
 
23,535
0.703
33,464
143.2
0.39
104.43
1995
 
24,595
0.718
34,250
146.6
2.35
104.36
1996
 
25,885
0.733
35,292
151.1
3.04
104.68
1997
 
27,147
0.746
36,379
155.7
3.08
104.61
1998
 
29,031
0.752
38,597
165.2
6.10
105.53
1999
 
30,474
0.763
39,920
170.9
3.43
106.45
2000
 
33,095
0.782
42,302
181.1
5.97
108.15
2001
 
34,083
0.797
42,744
183.0
1.04
107.90
2002
 
34,233
0.808
42,374
181.4
-0.87
107.54
2003
 
35,452
0.824
43,046
184.2
1.59
108.48
2004
 
37,364
0.844
44,265
189.5
2.83
109.09
2005
 
39,326
0.868
45,300
193.9
2.34
109.70
2006
 
42,139
0.892
47,255
202.3
4.32
110.56
2007
 
43,669
0.914
47,758
204.4
1.07
109.60
2008
 
43,895
0.942
46,608
199.5
-2.41
107.31
2009
 
42,050
0.941
44,690
191.3
-4.12
107.04
2010
 
43,609
0.957
45,567
195.0
1.96
107.56
2011
 
46,145
0.981
47,024
201.3
3.20
108.00
2012
 
48,751
1.000
48,751
208.7
3.67
109.35
2013
 
49,173
1.013
48,520
207.7
-0.47
109.70
2014
 
52,237
1.029
50,781
217.3
4.66
111.08
2015
 
55,679
1.031
53,992
231.1
6.32
113.77
2016
 
57,497
1.042
55,161
236.1
2.17
115.38
2017
 
59,796
1.061
56,372
241.3
2.20
115.79
Source: Calculations by the California Regional Economic Analysis Project (CA-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 California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2018. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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