Mecklenburg County vs. North Carolina
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2019
Introduction
Mecklenburg County:
2019 PCI = $62,890
2019 Percent of State = 131.7%
North Carolina:
2019 PCI = $47,766
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.
Mecklenburg County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Mecklenburg County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Mecklenburg 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 Mecklenburg County over time.
When measured in current dollars, Mecklenburg County's per capita personal income increased 1,350.6%, from $4,335 in 1970 to $62,890 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 176.7%, from $20,693 in 1970 to $57,250 in 2019.
Real Per Capita Personal Income, 1969-2019
Real Per Capita Personal Income, 1969-2019
Figure 2.
Figure 2 tracks Mecklenburg County's and North Carolina'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, Mecklenburg County's real per capita personal income rose from $20,173 in 1969 to $57,250 in 2019, for a net gain of $37,077, or 183.8%. In comparison, North Carolina's real per capita personal income advanced from $15,749 in 1969 to $43,483 in 2019, for a net gain of $27,734, or 176.1%.
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 portrays Mecklenburg County's real per capita personal income growth in a broader context by offering direct comparisons across time with North Carolina, 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.
Mecklenburg County's overall real per capita personal income growth was 183.8% over 1969-2019 outpaced North Carolina's increase of 176.1%, and outpaced 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 displays the trends for per capita personal income relative to the national average by tracing Mecklenburg County and North Carolina per capita personal income as a percent of the national average over 1969-2019.
In 1969, Mecklenburg County's per capita personal income amounted to 102.7% of the national average; in 2019, it approximated 111.3%. Similarly, in 1969, North Carolina's per capita personal income totaled 80.2% of the national average; in 2019, it consisted of 84.6%.
Mecklenburg County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Mecklenburg County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 highlights the short-run pattern of Mecklenburg 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 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, Mecklenburg County's real per capita personal income grew at an annual rate of 2.29% over 1970-2019. The county posted its highest growth in 2012 (14.98%) and recorded its lowest growth in 2010 (-16.40%). In 2019, Mecklenburg County's real per capita personal income grew by 1.45%
Mecklenburg County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Mecklenburg 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 Mecklenburg 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, and 2010-2019.
During the 1970s, Mecklenburg County's annual real per capita personal income growth rate averaged 2.43%. It averaged 3.39% in the 1980s, 2.83% during the 1990s, 2.54% during the 2000s, and 0.27% 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 Mecklenburg County noted in the previous graph with the corresponding decade averages for North Carolina and the nation. As the chart reveals, Mecklenburg County's average annual real per capita personal income growth recorded under North Carolina's average during the 1970s (2.43% vs. 2.62%), outpaced North Carolina's average during the 1980s (3.39% vs. 3.10%), outperformed North Carolina's average in the 1990s (2.83% vs. 2.26%), outperformed North Carolina's average during the 2000s (2.54% vs. 1.05%), and amounted to less than North Carolina's average over the 10 year period of the last decade, 2010-2019 (0.27% vs. 1.37%).
Finally, relative to nationwide real per capita personal income growth trends, Mecklenburg County topped the nation in the 1970s (2.43% vs. 2.37%), outperformed the nation over the 1980s (3.39% vs. 2.20%), led the nation throughout the 1990s (2.83% vs. 2.03%), outpaced the nation in the 2000s (2.54% vs. 1.09%), and trailed the nation over 2010-2019 (0.27% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.29
2.43
3.39
2.83
2.54
0.27
1.45
 
2.08
2.62
3.10
2.26
1.05
1.37
1.84
 
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.

   
 
Mecklenburg County:
Per Capita Personal Income, 1969-2019
 
1969
 
4,038
0.200
20,173
100.0
N
128.10
102.72
1970
 
4,335
0.210
20,693
102.6
2.58
127.64
103.28
1971
 
4,708
0.218
21,557
106.9
4.17
129.85
105.31
1972
 
5,168
0.226
22,881
113.4
6.14
128.38
106.41
1973
 
5,635
0.238
23,674
117.4
3.47
125.46
105.07
1974
 
6,123
0.263
23,298
115.5
-1.59
125.45
104.92
1975
 
6,637
0.285
23,312
115.6
0.06
126.93
104.95
1976
 
7,137
0.300
23,766
117.8
1.95
124.25
103.82
1977
 
7,742
0.320
24,204
120.0
1.84
124.65
103.01
1978
 
8,624
0.342
25,209
125.0
4.15
124.59
103.21
1979
 
9,536
0.373
25,600
126.9
1.55
126.00
103.29
1980
 
10,377
0.413
25,149
124.7
-1.76
124.30
101.94
1981
 
11,580
0.450
25,756
127.7
2.41
124.29
102.48
1982
 
12,305
0.475
25,929
128.5
0.67
124.65
102.55
1983
 
13,251
0.495
26,785
132.8
3.30
124.57
104.36
1984
 
14,840
0.513
28,904
143.3
7.91
125.09
106.71
1985
 
16,159
0.531
30,412
150.8
5.22
127.89
109.52
1986
 
17,255
0.543
31,783
157.5
4.51
128.04
111.39
1987
 
18,597
0.560
33,231
164.7
4.55
129.61
114.17
1988
 
20,361
0.582
35,014
173.6
5.37
131.18
116.65
1989
 
21,616
0.607
35,618
176.6
1.72
129.38
115.74
1990
 
22,770
0.634
35,941
178.2
0.91
130.23
116.05
1991
 
22,897
0.655
34,971
173.4
-2.70
127.44
114.31
1992
 
24,591
0.672
36,584
181.3
4.61
127.84
116.60
1993
 
25,827
0.689
37,489
185.8
2.47
128.58
118.84
1994
 
27,148
0.703
38,602
191.3
2.97
129.58
120.26
1995
 
28,975
0.718
40,350
200.0
4.53
131.78
122.74
1996
 
30,728
0.733
41,895
207.7
3.83
133.37
124.05
1997
 
32,065
0.746
42,969
213.0
2.56
132.22
123.36
1998
 
34,545
0.752
45,927
227.7
6.89
135.71
125.36
1999
 
35,831
0.763
46,937
232.7
2.20
136.43
124.95
2000
 
37,561
0.782
48,011
238.0
2.29
136.39
122.52
2001
 
33,059
0.797
41,460
205.5
-13.64
118.59
104.65
2002
 
33,306
0.808
41,226
204.4
-0.56
119.39
104.63
2003
 
35,431
0.824
43,021
213.3
4.35
123.50
108.42
2004
 
40,214
0.844
47,641
236.2
10.74
131.46
117.41
2005
 
44,161
0.868
50,870
252.2
6.78
136.79
123.19
2006
 
49,835
0.892
55,885
277.0
9.86
145.19
130.75
2007
 
55,862
0.914
61,093
302.8
9.32
154.58
140.20
2008
 
63,489
0.942
67,413
334.2
10.34
168.46
155.22
2009
 
54,500
0.941
57,921
287.1
-14.08
152.23
138.73
2010
 
46,342
0.957
48,422
240.0
-16.40
129.88
114.29
2011
 
48,216
0.981
49,135
243.6
1.47
131.15
112.82
2012
 
56,495
1.000
56,495
280.0
14.98
144.97
126.66
2013
 
49,412
1.013
48,755
241.7
-13.70
129.35
110.15
2014
 
51,470
1.028
50,054
248.1
2.66
128.46
109.35
2015
 
54,189
1.030
52,589
260.7
5.07
129.52
110.55
2016
 
55,577
1.041
53,377
264.6
1.50
129.80
111.12
2017
 
58,750
1.060
55,433
274.8
3.85
132.29
112.72
2018
 
61,080
1.082
56,430
279.7
1.80
132.16
111.85
2019
 
62,890
1.099
57,250
283.8
1.45
131.66
111.33
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-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.

   
 
North Carolina:
Per Capita Personal Income, 1969-2019
 
1969
 
3,152
0.200
15,749
100.0
N
80.19
1970
 
3,397
0.210
16,213
102.9
2.95
80.92
1971
 
3,626
0.218
16,601
105.4
2.39
81.10
1972
 
4,025
0.226
17,823
113.2
7.36
82.88
1973
 
4,491
0.238
18,870
119.8
5.87
83.75
1974
 
4,881
0.263
18,572
117.9
-1.58
83.64
1975
 
5,229
0.285
18,367
116.6
-1.11
82.69
1976
 
5,745
0.300
19,128
121.5
4.15
83.56
1977
 
6,211
0.320
19,418
123.3
1.52
82.64
1978
 
6,922
0.342
20,234
128.5
4.20
82.84
1979
 
7,568
0.373
20,317
129.0
0.41
81.98
1980
 
8,348
0.413
20,233
128.5
-0.42
82.01
1981
 
9,317
0.450
20,723
131.6
2.42
82.45
1982
 
9,872
0.475
20,802
132.1
0.38
82.27
1983
 
10,637
0.495
21,501
136.5
3.36
83.77
1984
 
11,863
0.513
23,106
146.7
7.47
85.31
1985
 
12,635
0.531
23,780
151.0
2.92
85.64
1986
 
13,477
0.543
24,824
157.6
4.39
87.00
1987
 
14,349
0.560
25,639
162.8
3.28
88.09
1988
 
15,522
0.582
26,692
169.5
4.11
88.92
1989
 
16,708
0.607
27,529
174.8
3.14
89.46
1990
 
17,485
0.634
27,599
175.2
0.25
89.12
1991
 
17,967
0.655
27,442
174.2
-0.57
89.70
1992
 
19,236
0.672
28,617
181.7
4.28
91.21
1993
 
20,085
0.689
29,155
185.1
1.88
92.42
1994
 
20,951
0.703
29,789
189.2
2.18
92.80
1995
 
21,987
0.718
30,618
194.4
2.78
93.14
1996
 
23,040
0.733
31,413
199.5
2.60
93.01
1997
 
24,251
0.746
32,498
206.4
3.46
93.30
1998
 
25,454
0.752
33,842
214.9
4.13
92.37
1999
 
26,262
0.763
34,403
218.5
1.66
91.59
2000
 
27,540
0.782
35,201
223.5
2.32
89.83
2001
 
27,878
0.797
34,962
222.0
-0.68
88.25
2002
 
27,896
0.808
34,529
219.3
-1.24
87.64
2003
 
28,688
0.824
34,833
221.2
0.88
87.78
2004
 
30,590
0.844
36,239
230.1
4.04
89.31
2005
 
32,283
0.868
37,187
236.1
2.61
90.05
2006
 
34,324
0.892
38,491
244.4
3.51
90.06
2007
 
36,138
0.914
39,522
251.0
2.68
90.70
2008
 
37,687
0.942
40,016
254.1
1.25
92.14
2009
 
35,802
0.941
38,049
241.6
-4.92
91.14
2010
 
35,682
0.957
37,283
236.7
-2.01
88.00
2011
 
36,764
0.981
37,464
237.9
0.49
86.02
2012
 
38,969
1.000
38,969
247.4
4.02
87.36
2013
 
38,201
1.013
37,694
239.3
-3.27
85.16
2014
 
40,069
1.028
38,966
247.4
3.38
85.12
2015
 
41,839
1.030
40,604
257.8
4.20
85.35
2016
 
42,816
1.041
41,122
261.1
1.28
85.61
2017
 
44,409
1.060
41,901
266.1
1.90
85.21
2018
 
46,216
1.082
42,698
271.1
1.90
84.63
2019
 
47,766
1.099
43,483
276.1
1.84
84.56
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-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 North Carolina Regional Economic Analysis Project (NC-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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