In April, the US Bureau of Economic Analysis released its estimates for personal income per capital in Colorado and in metro areas. In this article, I'll look at county-by-county comparisons of personal income per capita and at 10-year growth rates.
The first map shows per capita personal income broken out into four categories:
Yellow- More than $50K
Orange - $40K-$50K
Green - $30K-$40K
Brown - Less than $30K
Basically, the darker colors show lower income levels.
Not surprisingly, Pitkin County and Douglas County were some of the top counties for personal income. Counties with the lowest per capita personal incomes tended to be found in the southern half of the state, although Weld County showed a per capita income of 27,186, making it the lowest-income county of all the larger metropolitan counties.
Crowley County showed the lowest per capita personal income at $15,036.
The second map shows the percentage increase in per capita personal income over the ten year period from 2000-2009. Counties are broken out into four categories by magnitude of change:
Yellow- More than 50%
Orange - 40% to 50%
Green - 30% to 40%
Brown - Less than 30%
One of the first things we notice is that many of the lower-income counties showed the highest rates of increase in income over the ten-year period. Much of this can be attributed to the fact that in a county with a small income level, even a small change in income level can produce a sizable percentage change.
However, some counties stand out when comparing overall income levels with change over time. Douglas County has shown both a high income level and a relatively large change over time, with a ten-year increase in income of 33 percent. Clear Creek County was among the top income states, and also showed one of the largest increases with a ten-year increase of 54 percent.
Weld County, on the other hand was the lowest-income metro county and also showed one of the smalled increases over time, with a ten-year change of 6.5 percent.
Crowley County, the lowest-income county (by this measure) also showed the smallest increase over this period. Indeed, Crowley County's percentage change was negative, with a drop of 5 percent in per capita personal income over the ten-year period.
Information on all counties can be found in the table below.
For Colorado statewide, the per capita personal income in 2009 was $41,895 and the ten year change was +23 percent.
|County||Per Cap Pers Income||Pct Growth 2000-2009|
|Clear Creek, CO||54,682||54.84948886|
|El Paso, CO||38,266||26.70860927|
|Kit Carson, CO||31,338||23.48490819|
|La Plata, CO||39,769||40.77023822|
|Las Animas, CO||29,819||42.5518692|
|Rio Blanco, CO||42,882||59.8702606|
|Rio Grande, CO||34,793||56.11342935|
|San Juan, CO||38,705||54.3323099|
|San Miguel, CO||47,827||32.46274857|
Note: Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence, property income, and personal current transfer receipts. Total personal income will rise as population rises, even if household incomes are declining. Property income is rental income of persons, personal dividend income, and personal interest income. Net earnings is earnings by place of work (the sum of wage and salary disbursements, supplements to wages and salaries, and proprietors' income) less contributions for government social insurance, plus an adjustment to convert earnings by place of work to a place-of-residence basis. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for inflation).