Placer County vs. California
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Placer County vs. California
Placer County:
2022 PCI = $81,791
2022 Percent of State = 106.17%
California:
2022 PCI = $77,036
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.
Placer County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Placer County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Placer County'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 Placer County over time.
When measured in current dollars, Placer County's per capita personal income increased 1,684.51%, from $4,583 in 1970 to $81,791 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 203.96%, from $23,188 in 1970 to $70,484 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Placer County's and California'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, Placer County's real per capita personal income rose from $22,528 in 1969 to $70,484 in 2022, for a net gain of $47,956, or 212.87%. In comparison, California's real per capita personal income advanced from $24,761 in 1969 to $66,385 in 2022, for a net gain of $41,625, or 168.11%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Placer 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.
Placer County's overall real per capita personal income growth was 212.87% over 1969-2022 outpaced California's increase of 168.11%, and outpaced the United States' increase of 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 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Placer County and California per capita personal income as a percent of the national average over 1969-2022.
In 1969, Placer County's per capita personal income amounted to 108.23% of the national average; in 2022, it approximated 124.93%. Similarly, in 1969, California's per capita personal income totaled 118.95% of the national average; in 2022, it consisted of 117.67%.
Placer County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Placer County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Placer County'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, Placer County's real per capita personal income grew at an annual rate of 2.21% over 1970-2022. The county posted its highest growth in 2020 (8.29%) and recorded its lowest growth in 2022 (-3.62%). In 2022, Placer County's real per capita personal income declined by -3.62%
Placer County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Placer County Real Per Capita 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 shows the annual percent change in Placer County'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, Placer County's annual real per capita personal income growth rate averaged 3.00%. It averaged 2.33% throughout the 1980s, 2.66% throughout the 1990s, 0.57% in the 2000s, 2.33% in the 2010s, 2.67% 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 7.
Figure 7 compares the decade average growth rates for Placer County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Placer County's average annual real per capita personal income growth registered above California's average throughout the 1970s (3.00% vs. 2.16%), recorded above California's average during the 1980s (2.33% vs. 1.61%), topped California's average in the 1990s (2.66% vs. 1.71%), fell below California's average throughout the 2000s (0.57% vs. 1.04%), lagged California's average throughout the 2010s (2.33% vs. 2.85%), and surpassed California's average over the 3 year period of the current decade, 2020-2022 (2.67% vs. 2.49%).
Finally, relative to nationwide real per capita personal income growth trends, Placer County led the nation over the 1970s (3.00% vs. 2.37%), recorded above the nation throughout the 1980s (2.33% vs. 2.19%), surpassed the nation throughout the 1990s (2.66% vs. 2.01%), trailed the nation during the 2000s (0.57% vs. 1.10%), registered above the nation throughout the 2010s (2.33% vs. 1.97%), and outpaced the nation over 2020-2022 (2.67% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.21
3.00
2.33
2.66
0.57
2.33
2.67
-3.62
 
1.91
2.16
1.61
1.71
1.04
2.85
2.49
-6.01
 
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.

   
 
Placer County:
Per Capita Personal Income, 1969-2022
 
1969
 
4,254
0.189
22,528
100.0
N
90.98
108.23
1970
 
4,583
0.198
23,188
102.9
2.93
92.31
109.18
1971
 
4,915
0.206
23,853
105.9
2.87
94.35
109.94
1972
 
5,352
0.213
25,116
111.5
5.29
94.68
110.19
1973
 
5,908
0.225
26,312
116.8
4.76
96.49
110.17
1974
 
6,590
0.248
26,578
118.0
1.01
97.90
112.92
1975
 
7,322
0.269
27,261
121.0
2.57
100.04
115.79
1976
 
8,061
0.283
28,450
126.3
4.36
101.08
117.24
1977
 
8,767
0.302
29,053
129.0
2.12
100.99
116.65
1978
 
9,590
0.323
29,713
131.9
2.27
99.27
114.77
1979
 
10,631
0.351
30,251
134.3
1.81
98.82
115.15
1980
 
11,709
0.389
30,079
133.5
-0.57
97.99
114.98
1981
 
12,712
0.424
29,970
133.0
-0.36
96.67
112.58
1982
 
13,338
0.448
29,791
132.2
-0.60
96.76
111.24
1983
 
14,527
0.467
31,124
138.2
4.47
99.59
114.38
1984
 
15,933
0.484
32,892
146.0
5.68
100.35
114.71
1985
 
17,106
0.501
34,124
151.5
3.75
101.89
116.00
1986
 
18,176
0.512
35,486
157.5
3.99
103.38
117.40
1987
 
19,096
0.528
36,166
160.5
1.92
103.68
117.68
1988
 
20,525
0.549
37,409
166.1
3.44
104.77
117.68
1989
 
21,755
0.573
37,992
168.6
1.56
105.90
116.60
1990
 
22,147
0.598
37,050
164.5
-2.48
103.09
112.89
1991
 
23,205
0.618
37,564
166.7
1.39
106.07
115.73
1992
 
24,156
0.634
38,089
169.1
1.40
106.58
114.61
1993
 
24,794
0.650
38,145
169.3
0.15
107.85
114.19
1994
 
26,204
0.664
39,490
175.3
3.53
111.24
116.19
1995
 
27,832
0.678
41,077
182.3
4.02
113.16
118.04
1996
 
29,505
0.692
42,636
189.3
3.79
114.08
119.33
1997
 
31,194
0.704
44,306
196.7
3.92
115.62
120.32
1998
 
33,181
0.710
46,756
207.5
5.53
114.81
120.69
1999
 
35,469
0.720
49,262
218.7
5.36
116.18
124.05
2000
 
37,356
0.738
50,602
224.6
2.72
112.60
122.27
2001
 
40,503
0.753
53,787
238.8
6.29
119.42
128.39
2002
 
40,018
0.763
52,454
232.8
-2.48
117.54
125.84
2003
 
41,238
0.779
52,942
235.0
0.93
117.18
126.27
2004
 
43,207
0.798
54,125
240.3
2.24
116.87
126.40
2005
 
44,390
0.821
54,051
239.9
-0.14
114.59
124.45
2006
 
46,336
0.844
54,875
243.6
1.52
111.78
122.44
2007
 
46,918
0.866
54,173
240.5
-1.28
108.93
118.52
2008
 
47,800
0.892
53,605
237.9
-1.05
110.16
117.00
2009
 
46,208
0.889
51,966
230.7
-3.06
110.92
117.56
2010
 
47,680
0.905
52,677
233.8
1.37
110.53
117.56
2011
 
49,609
0.928
53,456
237.3
1.48
109.01
116.32
2012
 
52,292
0.945
55,316
245.5
3.48
109.41
118.21
2013
 
52,942
0.958
55,274
245.4
-0.08
110.12
119.24
2014
 
55,204
0.971
56,840
252.3
2.83
109.06
119.26
2015
 
58,519
0.973
60,143
267.0
5.81
108.74
121.76
2016
 
60,591
0.983
61,649
273.7
2.50
108.46
123.73
2017
 
62,803
1.000
62,803
278.8
1.87
107.88
123.13
2018
 
64,803
1.020
63,503
281.9
1.11
106.26
121.56
2019
 
67,647
1.035
65,351
290.1
2.91
105.41
121.78
2020
 
74,046
1.046
70,766
314.1
8.29
105.69
125.18
2021
 
79,711
1.090
73,129
324.6
3.34
103.53
123.72
2022
 
81,791
1.160
70,484
312.9
-3.62
106.17
124.93
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 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.

   
 
California:
Per Capita Personal Income, 1969-2022
 
1969
 
4,676
0.189
24,761
100.0
N
118.95
1970
 
4,965
0.198
25,119
101.4
1.45
118.28
1971
 
5,209
0.206
25,282
102.1
0.65
116.52
1972
 
5,652
0.213
26,527
107.1
4.92
116.38
1973
 
6,123
0.225
27,269
110.1
2.80
114.17
1974
 
6,731
0.248
27,148
109.6
-0.44
115.34
1975
 
7,320
0.269
27,251
110.1
0.38
115.75
1976
 
7,975
0.283
28,147
113.7
3.29
116.00
1977
 
8,681
0.302
28,769
116.2
2.21
115.51
1978
 
9,661
0.323
29,931
120.9
4.04
115.61
1979
 
10,758
0.351
30,613
123.6
2.28
116.53
1980
 
11,950
0.389
30,697
124.0
0.28
117.34
1981
 
13,150
0.424
31,003
125.2
1.00
116.46
1982
 
13,785
0.448
30,790
124.4
-0.69
114.97
1983
 
14,587
0.467
31,252
126.2
1.50
114.85
1984
 
15,877
0.484
32,777
132.4
4.88
114.31
1985
 
16,788
0.501
33,490
135.3
2.18
113.84
1986
 
17,581
0.512
34,325
138.6
2.49
113.56
1987
 
18,418
0.528
34,882
140.9
1.62
113.50
1988
 
19,590
0.549
35,706
144.2
2.36
112.32
1989
 
20,542
0.573
35,874
144.9
0.47
110.10
1990
 
21,483
0.598
35,940
145.1
0.18
109.50
1991
 
21,877
0.618
35,415
143.0
-1.46
109.11
1992
 
22,664
0.634
35,737
144.3
0.91
107.53
1993
 
22,990
0.650
35,369
142.8
-1.03
105.88
1994
 
23,556
0.664
35,500
143.4
0.37
104.45
1995
 
24,596
0.678
36,302
146.6
2.26
104.32
1996
 
25,864
0.692
37,375
150.9
2.96
104.61
1997
 
26,979
0.704
38,319
154.8
2.53
104.06
1998
 
28,901
0.710
40,724
164.5
6.28
105.12
1999
 
30,529
0.720
42,400
171.2
4.12
106.77
2000
 
33,175
0.738
44,939
181.5
5.99
108.59
2001
 
33,915
0.753
45,038
181.9
0.22
107.50
2002
 
34,047
0.763
44,628
180.2
-0.91
107.06
2003
 
35,191
0.779
45,178
182.5
1.23
107.75
2004
 
36,969
0.798
46,312
187.0
2.51
108.15
2005
 
38,737
0.821
47,168
190.5
1.85
108.60
2006
 
41,454
0.844
49,093
198.3
4.08
109.54
2007
 
43,070
0.866
49,731
200.8
1.30
108.80
2008
 
43,391
0.892
48,661
196.5
-2.15
106.21
2009
 
41,660
0.889
46,851
189.2
-3.72
105.99
2010
 
43,138
0.905
47,658
192.5
1.72
106.36
2011
 
45,509
0.928
49,037
198.0
2.89
106.70
2012
 
47,794
0.945
50,558
204.2
3.10
108.04
2013
 
48,076
0.958
50,193
202.7
-0.72
108.28
2014
 
50,619
0.971
52,119
210.5
3.84
109.36
2015
 
53,817
0.973
55,311
223.4
6.12
111.98
2016
 
55,863
0.983
56,839
229.6
2.76
114.07
2017
 
58,214
1.000
58,214
235.1
2.42
114.14
2018
 
60,984
1.020
59,761
241.4
2.66
114.40
2019
 
64,174
1.035
61,996
250.4
3.74
115.53
2020
 
70,061
1.046
66,957
270.4
8.00
118.44
2021
 
76,991
1.090
70,634
285.3
5.49
119.50
2022
 
77,036
1.160
66,385
268.1
-6.01
117.67
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 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 California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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