Montour County vs. Pennsylvania
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Montour County:
2017 PCI = $54,960
2017 Percent of State = 103.1%
Pennsylvania:
2017 PCI = $53,300
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.
Montour County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Montour County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Montour 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 Montour County over time.
When measured in current dollars, Montour County's per capita personal income increased 1,595.2%, from $3,242 in 1969 to $54,960 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 219.9%, from $16,199 in 1969 to $51,813 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 tracks Montour County's and Pennsylvania'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, Montour County's real per capita personal income rose from $16,199 in 1969 to $51,813 in 2017, for a net gain of $35,614, or 219.9%. In comparison, Pennsylvania's real per capita personal income advanced from $19,304 in 1969 to $50,248 in 2017, for a net advance of $30,944, or 160.3%.
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 Montour County's real per capita personal income growth in a broader context by offering direct comparisons across time with Pennsylvania, 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.
Montour County's overall real per capita personal income growth was 219.9% over 1969-2017 outpaced Pennsylvania's increase of 160.3%, and outpaced 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 portrays the trends for per capita personal income relative to the national average by tracing Montour County and Pennsylvania per capita personal income as a percent of the national average over 1969-2017.
In 1969, Montour County's per capita personal income amounted to 82.5% of the national average; in 2017, it approximated 106.4%. Similarly, in 1969, Pennsylvania's per capita personal income totaled 98.3% of the national average; in 2017, it consisted of 103.2%.
Montour County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Montour County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Montour 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 traced 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, Montour County's real per capita personal income grew at an annual rate of 2.49% over 1970-2017. The county posted its highest growth in 1973 (8.22%) and recorded its lowest growth in 1995 (-6.05%). In 2017, Montour County's real per capita personal income grew by 1.61%
Montour County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Montour 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 traces the annual percent change in Montour 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, Montour County's annual real per capita personal income growth rate averaged 3.38%. It averaged 3.25% in the 1980s, 0.39% throughout the 1990s, 2.99% in the 2000s, and 2.40% 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 Montour County noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, Montour County's average annual real per capita personal income growth recorded above Pennsylvania's average in the 1970s (3.38% vs. 2.44%), exceeded Pennsylvania's average during the 1980s (3.25% vs. 2.25%), recorded under Pennsylvania's average throughout the 1990s (0.39% vs. 2.00%), outgained Pennsylvania's average in the 2000s (2.99% vs. 1.44%), and registered above Pennsylvania's average over the 8 year period of the last decade, 2010-2017 (2.40% vs. 1.99%).
Finally, relative to nationwide real per capita personal income growth trends, Montour County led the nation over the 1970s (3.38% vs. 2.35%), outpaced the nation over the 1980s (3.25% vs. 2.21%), trailed the nation throughout the 1990s (0.39% vs. 2.02%), registered above the nation throughout the 2000s (2.99% vs. 1.10%), and registered above the nation over 2010-2017 (2.40% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.49
3.38
3.25
0.39
2.99
2.40
1.61
 
2.03
2.44
2.25
2.00
1.44
1.99
1.91
 
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.

   
 
Montour County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,242
0.200
16,199
100.0
N
83.91
82.49
1970
 
3,422
0.210
16,334
100.8
0.84
82.80
81.56
1971
 
3,599
0.218
16,478
101.7
0.88
82.59
80.56
1972
 
4,013
0.226
17,767
109.7
7.82
84.52
82.70
1973
 
4,577
0.238
19,228
118.7
8.22
87.86
85.51
1974
 
5,013
0.263
19,075
117.8
-0.80
87.45
86.07
1975
 
5,656
0.285
19,866
122.6
4.15
90.56
89.60
1976
 
6,337
0.300
21,101
130.3
6.22
92.91
92.43
1977
 
6,935
0.320
21,680
133.8
2.75
92.61
92.53
1978
 
7,612
0.342
22,251
137.4
2.63
92.07
91.30
1979
 
8,380
0.373
22,496
138.9
1.10
91.67
90.97
1980
 
9,173
0.413
22,232
137.2
-1.18
91.51
90.35
1981
 
10,350
0.450
23,021
142.1
3.55
93.49
91.90
1982
 
11,301
0.475
23,813
147.0
3.44
95.51
94.59
1983
 
12,034
0.495
24,324
150.2
2.14
96.94
95.12
1984
 
13,056
0.513
25,429
157.0
4.55
97.21
94.20
1985
 
14,168
0.531
26,664
164.6
4.85
98.99
96.26
1986
 
15,136
0.543
27,880
172.1
4.56
100.57
97.91
1987
 
16,395
0.560
29,296
180.9
5.08
103.05
100.80
1988
 
17,218
0.582
29,610
182.8
1.07
100.22
98.81
1989
 
18,774
0.607
30,934
191.0
4.47
101.06
100.65
1990
 
19,660
0.634
31,031
191.6
0.31
100.35
100.35
1991
 
20,776
0.655
31,732
195.9
2.26
102.52
103.96
1992
 
21,578
0.672
32,102
198.2
1.17
101.42
102.46
1993
 
22,112
0.689
32,096
198.1
-0.02
100.73
101.91
1994
 
22,357
0.703
31,789
196.2
-0.96
98.87
99.20
1995
 
21,448
0.718
29,868
184.4
-6.05
90.91
91.00
1996
 
23,315
0.733
31,787
196.2
6.43
94.13
94.28
1997
 
23,635
0.746
31,673
195.5
-0.36
90.91
91.08
1998
 
23,885
0.752
31,755
196.0
0.26
87.35
86.82
1999
 
24,457
0.763
32,038
197.8
0.89
85.94
85.43
2000
 
26,704
0.782
34,133
210.7
6.54
87.90
87.26
2001
 
27,315
0.797
34,256
211.5
0.36
86.43
86.47
2002
 
29,159
0.808
36,092
222.8
5.36
90.75
91.60
2003
 
30,458
0.824
36,982
228.3
2.47
92.01
93.20
2004
 
32,220
0.844
38,170
235.6
3.21
92.26
94.07
2005
 
33,185
0.868
38,227
236.0
0.15
91.43
92.57
2006
 
35,746
0.892
40,086
247.5
4.86
93.78
93.79
2007
 
38,628
0.914
42,245
260.8
5.39
95.82
96.95
2008
 
40,984
0.942
43,517
268.6
3.01
98.58
100.20
2009
 
40,337
0.941
42,869
264.6
-1.49
99.85
102.68
2010
 
42,109
0.957
43,999
271.6
2.64
100.27
103.86
2011
 
45,252
0.981
46,114
284.7
4.81
102.49
105.91
2012
 
46,730
1.000
46,730
288.5
1.33
101.63
104.82
2013
 
48,347
1.013
47,705
294.5
2.09
104.33
107.86
2014
 
49,530
1.029
48,149
297.2
0.93
102.53
105.33
2015
 
51,165
1.031
49,614
306.3
3.04
101.84
104.55
2016
 
53,150
1.042
50,991
314.8
2.77
103.42
106.66
2017
 
54,960
1.061
51,813
319.9
1.61
103.11
106.43
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-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.

   
 
Pennsylvania:
Per Capita Personal Income, 1969-2017
 
1969
 
3,864
0.200
19,304
100.0
N
98.31
1970
 
4,133
0.210
19,726
102.2
2.18
98.50
1971
 
4,358
0.218
19,952
103.4
1.15
97.54
1972
 
4,748
0.226
21,021
108.9
5.35
97.84
1973
 
5,209
0.238
21,885
113.4
4.11
97.32
1974
 
5,732
0.263
21,812
113.0
-0.34
98.42
1975
 
6,245
0.285
21,937
113.6
0.57
98.94
1976
 
6,821
0.300
22,712
117.7
3.53
99.49
1977
 
7,488
0.320
23,411
121.3
3.08
99.92
1978
 
8,268
0.342
24,168
125.2
3.23
99.16
1979
 
9,142
0.373
24,541
127.1
1.55
99.23
1980
 
10,024
0.413
24,294
125.8
-1.01
98.73
1981
 
11,070
0.450
24,624
127.6
1.36
98.30
1982
 
11,833
0.475
24,934
129.2
1.26
99.04
1983
 
12,414
0.495
25,092
130.0
0.63
98.12
1984
 
13,430
0.513
26,158
135.5
4.25
96.90
1985
 
14,312
0.531
26,936
139.5
2.97
97.24
1986
 
15,051
0.543
27,723
143.6
2.92
97.36
1987
 
15,910
0.560
28,429
147.3
2.55
97.82
1988
 
17,181
0.582
29,545
153.0
3.93
98.59
1989
 
18,577
0.607
30,609
158.6
3.60
99.59
1990
 
19,591
0.634
30,922
160.2
1.02
100.00
1991
 
20,266
0.655
30,953
160.3
0.10
101.41
1992
 
21,276
0.672
31,653
164.0
2.26
101.03
1993
 
21,951
0.689
31,863
165.1
0.66
101.16
1994
 
22,613
0.703
32,153
166.6
0.91
100.33
1995
 
23,592
0.718
32,853
170.2
2.18
100.10
1996
 
24,767
0.733
33,768
174.9
2.79
100.16
1997
 
25,998
0.746
34,839
180.5
3.17
100.19
1998
 
27,343
0.752
36,352
188.3
4.34
99.39
1999
 
28,458
0.763
37,278
193.1
2.55
99.41
2000
 
30,381
0.782
38,834
201.2
4.17
99.28
2001
 
31,602
0.797
39,632
205.3
2.06
100.04
2002
 
32,129
0.808
39,769
206.0
0.35
100.93
2003
 
33,104
0.824
40,195
208.2
1.07
101.30
2004
 
34,922
0.844
41,372
214.3
2.93
101.96
2005
 
36,296
0.868
41,810
216.6
1.06
101.25
2006
 
38,115
0.892
42,743
221.4
2.23
100.00
2007
 
40,314
0.914
44,089
228.4
3.15
101.18
2008
 
41,575
0.942
44,145
228.7
0.13
101.64
2009
 
40,398
0.941
42,934
222.4
-2.74
102.83
2010
 
41,997
0.957
43,882
227.3
2.21
103.58
2011
 
44,152
0.981
44,993
233.1
2.53
103.34
2012
 
45,982
1.000
45,982
238.2
2.20
103.14
2013
 
46,341
1.013
45,726
236.9
-0.56
103.38
2014
 
48,310
1.029
46,963
243.3
2.70
102.73
2015
 
50,240
1.031
48,717
252.4
3.74
102.66
2016
 
51,393
1.042
49,305
255.4
1.21
103.13
2017
 
53,300
1.061
50,248
260.3
1.91
103.21
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-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 Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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