Per Capita Income
Date posted: 06/10/2010
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The Bureau of Economic Analysis (BEA) calculates per capita personal income by dividing the personal income of the residents by the population of that area as of July 1 for the reference year. Personal income is calculated as the sum of wage and salary disbursements, such as labor income, personal dividend income, and personal interest income, less personal contributions for social insurance (i.e., Social Security, Medicare).
What this chart shows:
Annual Per Capita Personal Income - United States, Colorado, and Larimer County, 2000-2009
*2009 county level data are unavailable
Data Sources: United States Department of Commerce, Bureau of Economic Analysis
What these data tell us:
Colorado per capital personal income consistently exceeded United States per capita income by 7.1 to 13.3 percent between 2000 and 2008. However in 2009, Colorado per capita income fell below the national per capita income for the first time in nearly a decade.
Larimer County per capita income has averaged slightly lower than United States levels. The 2001-2003 slow down in per capita personal income growth was much more pronounced for Colorado and Larimer County than for the United States. State and County growth resumed between 2004 and 2007, averaging nearly 5% annually. Between 2007 and 2008, per capita personal income growth slowed dramatically in Larimer County (0.3%); much more so than in Colorado (1.3%) or the United States (2.0%).
The national per capita income has increased the most since 2000, climbing 42%, from $30,318 in 2000 to $43,021 in 2009. In comparison, the per capita income in Colorado increased only 21.7% during the same time period.
What this chart shows: Per Capita Income - Larimer County Cities and Towns, Census 2000
Data Source: United States Census 2000
What these data tell us:
In 2000, Estes Park had the highest per capita income in Larimer County at $31,419 and Fort Collins had the lowest at $22,531. Per capita income is derived from dividing personal income by population. Cities such as Fort Collins, that have a higher percentage of students (who earn no or limited personal income), will have a lower per capita income. (See Population by Age)
What this chart shows: Per Capita Income of Colorado's 10 Most Populous Counties, 2008
Data Source: United States Department of Commerce - Bureau of Economic Analysis
What these data tell us:
Among the ten most populous Colorado counties, Larimer County ranked sixth highest for annual per capita personal income in 2008. The largest counties line the eastern front range of the Rocky Mountains.When comparing the annual per capita income of all 64 Colorado counties, Larimer County ranked 25th out of 64 in 2008, dropping 4 places since 2007. Several mountain resort counties were ranked among the top ten; Pitkin County, home to the resort community of Vail, ranked number one with a per capita income of $92,680. Crowley County, in southeast Colorado, had the lowest annual per capita income at $14,553.
Additional Information:
On Compass -
- Income by Racial Classification
- Median Family Income
- Population Size & Growth
- Poverty
- Self-Sufficient Wages
Outside Compass -
- Area Median Income
- Bureau of Economic Analysis (BEA) - Local Area income, employment and population information
- Colorado Department of Labor & Employment, Occupational Wages - Labor Market Information, Workforce Research and Analysis
- Federal Poverty Guidelines
- United States Census 2000 - Census 2000 data for Colorado
Standards or Targets: N/A
Data Tables: For sources, see spreadsheet.
Annual Per Capita Personal Income
|
United States |
Colorado |
Larimer County |
|
|
2000 |
$ 30,318 |
$33,977 |
$30,793 |
|
2001 |
$31,145 |
$35,296 |
$32,630 |
|
2002 |
$31,462 |
$35,023 |
$32,545 |
|
2003 |
$32,271 |
$35,156 |
$32,037 |
|
2004 |
$33,881 |
$36,652 |
$33,419 |
|
2005 |
$35,424 |
$38,555 |
$34,962 |
|
2006 |
$37,698 |
$40,899 |
$36,887 |
|
2007 |
$39,392 |
$42,449 |
$38,726 |
|
2008 |
$40,166 |
$43,021 |
$38,848 |
|
2009* |
$43,021 |
$41,344 |
N/A |
*2009 county level data are not available
Per Capita Income Larimer County Cities and Towns, 2000 Census
|
Per Capita Income |
|
|
Berthoud |
$28,073 |
|
Estes Park |
$31,419 |
|
Fort Collins |
$22,531 |
|
Livermore |
$28,988 |
|
Loveland |
$23,328 |
|
Timnath-Wellington |
$26,543 |
Per Capita Income - Colorado's 10 Most Populous Counties, 2008
|
|
Per Capita Income |
Per Capita Income Ranking |
Population |
|
Colorado |
$43,021 |
5,011,390 |
|
|
Denver |
$52,788 |
1 |
611,509 |
|
El Paso |
$38,126 |
2 |
597,249 |
|
Arapahoe |
$50,727 |
3 |
562,009 |
|
Jefferson |
$47,556 |
4 |
543,053 |
|
Adams |
$32,588 |
5 |
434,762 |
|
Boulder |
$50,058 |
6 |
298,685 |
|
Larimer |
$38,848 |
7 |
293,937 |
|
Douglas |
$60,361 |
8 |
283,951 |
|
Weld |
$28,402 |
9 |
251,220 |
|
Pueblo |
$30,564 |
10 |
157,389 |