Riverside County vs. California
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2019
Introduction
Riverside County:
2019 PCI = $42,418
2019 Percent of State = 63.7%
California:
2019 PCI = $66,619
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.
Riverside County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Riverside County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Riverside County's annual per capita personal income over 1970-2019 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 Riverside County over time.
When measured in current dollars, Riverside County's per capita personal income increased 838.0%, from $4,522 in 1970 to $42,418 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 78.9%, from $21,585 in 1970 to $38,614 in 2019.
Real Per Capita Personal Income, 1969-2019
Real Per Capita Personal Income, 1969-2019
Figure 2.
Figure 2 tracks Riverside County's and California's annual real per capita personal income for the period 1969-2019 to illustrate real per capita personal income patterns over time. During this 51-year period, Riverside County's real per capita personal income rose from $20,653 in 1969 to $38,614 in 2019, for a net gain of $17,961, or 87.0%. In comparison, California's real per capita personal income advanced from $23,360 in 1969 to $60,645 in 2019, for a net gain of $37,285, or 159.6%.
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Riverside 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.
Riverside County's overall real per capita personal income growth was 87.0% over 1969-2019 trailed California's increase of 159.6%, and fell below the United States' increase of 161.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Riverside County and California per capita personal income as a percent of the national average over 1969-2019.
In 1969, Riverside County's per capita personal income amounted to 105.2% of the national average; in 2019, it approximated 75.1%. Similarly, in 1969, California's per capita personal income totaled 119.0% of the national average; in 2019, it consisted of 117.9%.
Riverside County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Riverside County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 displays the short-run pattern of Riverside County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Riverside County's real per capita personal income grew at an annual rate of 1.29% over 1970-2019. The county posted its highest growth in 1998 (6.01%) and recorded its lowest growth in 1991 (-4.29%). In 2019, Riverside County's real per capita personal income grew by 2.98%
Riverside County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Riverside County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
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 Riverside 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 2010-2019.
During the 1970s, Riverside County's annual real per capita personal income growth rate averaged 2.35%. It averaged 1.64% throughout the 1980s, 0.02% during the 1990s, 0.62% in the 2000s, and 1.80% thus far this decade (2010 to 2019).
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 Riverside County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Riverside County's average annual real per capita personal income growth topped California's average in the 1970s (2.35% vs. 2.16%), outperformed California's average throughout the 1980s (1.64% vs. 1.62%), fell below California's average throughout the 1990s (0.02% vs. 1.73%), amounted to less than California's average during the 2000s (0.62% vs. 1.12%), and lagged California's average over the 10 year period of the last decade, 2010-2019 (1.80% vs. 3.11%).
Finally, relative to nationwide real per capita personal income growth trends, Riverside County recorded underneath the nation throughout the 1970s (2.35% vs. 2.37%), trailed the nation over the 1980s (1.64% vs. 2.20%), trailed the nation in the 1990s (0.02% vs. 2.03%), trailed the nation in the 2000s (0.62% vs. 1.09%), and trailed the nation over 2010-2019 (1.80% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.29
2.35
1.64
0.02
0.62
1.80
2.98
 
1.95
2.16
1.62
1.73
1.12
3.11
3.02
 
1.96
2.37
2.20
2.03
1.09
2.11
1.93
 
   

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

   
 
Riverside County:
Per Capita Personal Income, 1969-2019
 
1969
 
4,134
0.200
20,653
100.0
N
88.41
105.17
1970
 
4,522
0.210
21,585
104.5
4.51
91.08
107.73
1971
 
4,773
0.218
21,852
105.8
1.23
91.62
106.75
1972
 
5,165
0.226
22,869
110.7
4.66
91.38
106.35
1973
 
5,766
0.238
24,224
117.3
5.92
94.16
107.51
1974
 
6,238
0.263
23,737
114.9
-2.01
92.68
106.90
1975
 
6,915
0.285
24,289
117.6
2.33
94.48
109.35
1976
 
7,574
0.300
25,221
122.1
3.84
94.98
110.17
1977
 
8,137
0.320
25,439
123.2
0.86
93.73
108.27
1978
 
8,952
0.342
26,166
126.7
2.86
92.66
107.13
1979
 
9,682
0.373
25,991
125.8
-0.67
90.00
104.87
1980
 
10,699
0.413
25,929
125.5
-0.24
89.57
105.10
1981
 
11,909
0.450
26,489
128.3
2.16
90.51
105.39
1982
 
12,466
0.475
26,269
127.2
-0.83
90.38
103.89
1983
 
13,263
0.495
26,809
129.8
2.05
90.95
104.45
1984
 
14,426
0.513
28,097
136.0
4.80
90.76
103.73
1985
 
15,285
0.531
28,766
139.3
2.38
91.01
103.59
1986
 
16,216
0.543
29,870
144.6
3.84
92.20
104.69
1987
 
16,849
0.560
30,106
145.8
0.79
91.16
103.44
1988
 
17,797
0.582
30,604
148.2
1.65
90.78
101.95
1989
 
18,541
0.607
30,551
147.9
-0.17
90.18
99.28
1990
 
18,704
0.634
29,523
142.9
-3.36
87.06
95.33
1991
 
18,500
0.655
28,256
136.8
-4.29
84.64
92.36
1992
 
18,816
0.672
27,993
135.5
-0.93
82.97
89.22
1993
 
19,034
0.689
27,629
133.8
-1.30
82.71
87.58
1994
 
19,157
0.703
27,238
131.9
-1.41
81.24
84.86
1995
 
19,550
0.718
27,224
131.8
-0.05
79.38
82.81
1996
 
20,302
0.733
27,680
134.0
1.67
78.35
81.96
1997
 
21,106
0.746
28,284
136.9
2.18
77.68
81.20
1998
 
22,552
0.752
29,984
145.2
6.01
77.50
81.84
1999
 
23,271
0.763
30,484
147.6
1.67
75.95
81.15
2000
 
24,449
0.782
31,250
151.3
2.51
73.28
79.75
2001
 
25,623
0.797
32,133
155.6
2.83
75.27
81.11
2002
 
26,012
0.808
32,197
155.9
0.20
76.03
81.72
2003
 
26,959
0.824
32,734
158.5
1.67
76.12
82.49
2004
 
28,061
0.844
33,243
161.0
1.55
75.09
81.93
2005
 
29,423
0.868
33,893
164.1
1.96
74.91
82.08
2006
 
30,989
0.892
34,751
168.3
2.53
73.63
81.30
2007
 
31,593
0.914
34,551
167.3
-0.57
72.41
79.29
2008
 
31,624
0.942
33,579
162.6
-2.82
72.05
77.31
2009
 
30,448
0.941
32,359
156.7
-3.63
72.42
77.51
2010
 
30,699
0.957
32,076
155.3
-0.87
70.35
75.71
2011
 
32,200
0.981
32,813
158.9
2.30
69.73
75.34
2012
 
32,748
1.000
32,748
158.6
-0.20
67.09
73.42
2013
 
33,462
1.013
33,018
159.9
0.82
67.87
74.59
2014
 
34,875
1.028
33,915
164.2
2.72
66.60
74.09
2015
 
36,745
1.030
35,660
172.7
5.14
65.81
74.96
2016
 
38,114
1.041
36,605
177.2
2.65
65.66
76.20
2017
 
39,148
1.060
36,938
178.8
0.91
64.66
75.12
2018
 
40,587
1.082
37,497
181.6
1.51
63.69
74.33
2019
 
42,418
1.099
38,614
187.0
2.98
63.67
75.09
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 2020
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, 1969-2019
 
1969
 
4,676
0.200
23,360
100.0
N
118.95
1970
 
4,965
0.210
23,699
101.4
1.45
118.28
1971
 
5,209
0.218
23,851
102.1
0.64
116.52
1972
 
5,652
0.226
25,026
107.1
4.92
116.38
1973
 
6,123
0.238
25,726
110.1
2.80
114.17
1974
 
6,731
0.263
25,612
109.6
-0.44
115.34
1975
 
7,320
0.285
25,710
110.1
0.38
115.75
1976
 
7,975
0.300
26,555
113.7
3.29
116.00
1977
 
8,681
0.320
27,141
116.2
2.21
115.51
1978
 
9,661
0.342
28,239
120.9
4.04
115.61
1979
 
10,758
0.373
28,879
123.6
2.27
116.53
1980
 
11,945
0.413
28,950
123.9
0.24
117.34
1981
 
13,158
0.450
29,268
125.3
1.10
116.45
1982
 
13,793
0.475
29,065
124.4
-0.69
114.95
1983
 
14,582
0.495
29,475
126.2
1.41
114.84
1984
 
15,895
0.513
30,958
132.5
5.03
114.30
1985
 
16,795
0.531
31,608
135.3
2.10
113.83
1986
 
17,588
0.543
32,397
138.7
2.50
113.55
1987
 
18,482
0.560
33,025
141.4
1.94
113.46
1988
 
19,605
0.582
33,714
144.3
2.09
112.32
1989
 
20,561
0.607
33,879
145.0
0.49
110.09
1990
 
21,485
0.634
33,912
145.2
0.10
109.50
1991
 
21,857
0.655
33,383
142.9
-1.56
109.12
1992
 
22,678
0.672
33,738
144.4
1.06
107.53
1993
 
23,013
0.689
33,405
143.0
-0.99
105.89
1994
 
23,581
0.703
33,529
143.5
0.37
104.45
1995
 
24,629
0.718
34,296
146.8
2.29
104.33
1996
 
25,912
0.733
35,328
151.2
3.01
104.61
1997
 
27,171
0.746
36,411
155.9
3.07
104.53
1998
 
29,100
0.752
38,689
165.6
6.26
105.60
1999
 
30,640
0.763
40,137
171.8
3.74
106.85
2000
 
33,364
0.782
42,646
182.6
6.25
108.83
2001
 
34,043
0.797
42,693
182.8
0.11
107.77
2002
 
34,214
0.808
42,350
181.3
-0.80
107.48
2003
 
35,415
0.824
43,002
184.1
1.54
108.37
2004
 
37,369
0.844
44,271
189.5
2.95
109.11
2005
 
39,279
0.868
45,246
193.7
2.20
109.57
2006
 
42,088
0.892
47,198
202.0
4.31
110.43
2007
 
43,629
0.914
47,715
204.3
1.10
109.50
2008
 
43,890
0.942
46,603
199.5
-2.33
107.30
2009
 
42,044
0.941
44,683
191.3
-4.12
107.03
2010
 
43,636
0.957
45,594
195.2
2.04
107.62
2011
 
46,175
0.981
47,054
201.4
3.20
108.04
2012
 
48,813
1.000
48,813
209.0
3.74
109.43
2013
 
49,303
1.013
48,648
208.3
-0.34
109.90
2014
 
52,363
1.028
50,921
218.0
4.67
111.24
2015
 
55,833
1.030
54,185
232.0
6.41
113.90
2016
 
58,048
1.041
55,750
238.7
2.89
116.06
2017
 
60,549
1.060
57,131
244.6
2.48
116.18
2018
 
63,720
1.082
58,870
252.0
3.04
116.69
2019
 
66,619
1.099
60,645
259.6
3.02
117.93
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 2020
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, 1969-2019
 
1969
 
3,931
0.200
19,638
100.0
N
1970
 
4,198
0.210
20,037
102.0
2.03
1971
 
4,471
0.218
20,469
104.2
2.16
1972
 
4,857
0.226
21,504
109.5
5.05
1973
 
5,363
0.238
22,532
114.7
4.78
1974
 
5,836
0.263
22,205
113.1
-1.45
1975
 
6,324
0.285
22,212
113.1
0.03
1976
 
6,875
0.300
22,893
116.6
3.06
1977
 
7,516
0.320
23,496
119.6
2.64
1978
 
8,356
0.342
24,425
124.4
3.95
1979
 
9,232
0.373
24,784
126.2
1.47
1980
 
10,180
0.413
24,672
125.6
-0.45
1981
 
11,300
0.450
25,134
128.0
1.87
1982
 
11,999
0.475
25,285
128.8
0.60
1983
 
12,698
0.495
25,666
130.7
1.51
1984
 
13,906
0.513
27,085
137.9
5.53
1985
 
14,755
0.531
27,769
141.4
2.52
1986
 
15,490
0.543
28,532
145.3
2.75
1987
 
16,289
0.560
29,106
148.2
2.01
1988
 
17,455
0.582
30,017
152.8
3.13
1989
 
18,676
0.607
30,773
156.7
2.52
1990
 
19,621
0.634
30,970
157.7
0.64
1991
 
20,030
0.655
30,593
155.8
-1.22
1992
 
21,090
0.672
31,376
159.8
2.56
1993
 
21,733
0.689
31,546
160.6
0.54
1994
 
22,575
0.703
32,099
163.4
1.75
1995
 
23,607
0.718
32,874
167.4
2.42
1996
 
24,771
0.733
33,773
172.0
2.73
1997
 
25,993
0.746
34,833
177.4
3.14
1998
 
27,557
0.752
36,637
186.6
5.18
1999
 
28,675
0.763
37,564
191.3
2.53
2000
 
30,657
0.782
39,186
199.5
4.32
2001
 
31,589
0.797
39,616
201.7
1.10
2002
 
31,832
0.808
39,401
200.6
-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
217.6
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
 
40,547
0.957
42,366
215.7
1.48
2011
 
42,739
0.981
43,553
221.8
2.80
2012
 
44,605
1.000
44,605
227.1
2.42
2013
 
44,860
1.013
44,264
225.4
-0.76
2014
 
47,071
1.028
45,775
233.1
3.41
2015
 
49,019
1.030
47,571
242.2
3.92
2016
 
50,015
1.041
48,035
244.6
0.98
2017
 
52,118
1.060
49,175
250.4
2.37
2018
 
54,606
1.082
50,450
256.9
2.59
2019
 
56,490
1.099
51,424
261.9
1.93
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 2020
REAP_PI_CA1400_700_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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