Bearfacts
Virginia Beach (Independent City), Virginia
Virginia Beach (Independent City) is one of 105 counties in
Virginia.
It is part of the Virginia Beach-Norfolk-Newport News, VA-NC (MSA).
Its 2007 population
of 435,004
ranked
2nd in the state.
PER CAPITA PERSONAL INCOME
|
In 2007 Virginia Beach (Independent City) had a per capita personal income
(PCPI) of
$42,821.
This PCPI ranked 14th in the state and was
103 percent of the state average,
$41,727, and
111 percent of the national average,
$38,615.
The 2007 PCPI
reflected an increase of
4.5 percent
from 2006.
The 2006-2007
state change was
3.7 percent and the
national change was
4.9 percent.
In 1997 the PCPI of Virginia Beach (Independent City)
was $26,015 and ranked 16th in the state.
The 1997-2007 average annual growth rate of PCPI
was 5.1 percent.
The average annual growth rate
for the state was 4.7 percent and
for the nation was 4.3 percent.
|
| |
Per Capita Personal Income, 2007
| | Virginia Beach (Independent City) | | dollars | 42,821 |
| | United States | | dollars | 38,615 |
|
|
Per Capita Income as a Percent of the United States, 2007
| | Virginia |
| Virginia Beach (Independent City) |
|
|
|
TOTAL PERSONAL INCOME
| AAGR: average annual growth rate |
| | 2006-07 percent change | 1997-2007 AAGR
|
|---|
| Virginia Beach (Independent City) |
3.8 %
|
5.4 %
|
| Virginia |
4.7 %
|
6.0 % |
| U.S. |
6.0 %
|
5.4 % |
|
In 2007 Virginia Beach (Independent City) had a total personal income
(TPI) of
$18,627,138*.
This TPI ranked 2nd in the state
and
accounted for
5.8 percent of the state total.
In 1997 the TPI of Virginia Beach (Independent City)
was $10,976,813*
and ranked 2nd in the state.
*Note: Total personal income estimates
are in thousands of dollars, not adjusted for inflation.
|
COMPONENTS OF TOTAL PERSONAL INCOME
|
Total personal income includes
net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by
the residents of
Virginia Beach (Independent City).
| | |
Percent Contribution to Total Personal Income
| Virginia Beach (Independent City) |
Virginia |
United States |
1997 |
| | Net earnings by place of residence | | | 75% |
| | Dividends, interest, and rent | | | 17% |
| | Personal current transfer receipts | | | 8% |
|
| | Net earnings by place of residence | | | 71% |
| | Dividends, interest, and rent | | | 18% |
| | Personal current transfer receipts | | | 10% |
|
| | Net earnings by place of residence | | | 67% |
| | Dividends, interest, and rent | | | 19% |
| | Personal current transfer receipts | | | 14% |
|
2007 |
| | Net earnings by place of residence | | | 76% |
| | Dividends, interest, and rent | | | 15% |
| | Personal current transfer receipts | | | 9% |
|
| | Net earnings by place of residence | | | 73% |
| | Dividends, interest, and rent | | | 16% |
| | Personal current transfer receipts | | | 11% |
|
| | Net earnings by place of residence | | | 68% |
| | Dividends, interest, and rent | | | 18% |
| | Personal current transfer receipts | | | 15% |
|
|
| | Net earnings by place of residence |
| | Dividends, interest, and rent |
| | Personal current transfer receipts |
|
|
|
| |
| 2006-2007 percent change |
| |
Virginia Beach (Independent City) |
Virginia |
U.S. |
| Net earnings |
3.5 %
|
4.7 %
|
5.0 %
|
| Dividends, interest, and rent |
3.2 %
|
3.1 %
|
9.2 %
|
| Personal current transfer receipts |
6.9 %
|
6.9 %
|
6.9 %
|
| | |
| 1997-2007 average annual growth rate |
|
| Virginia Beach (Independent City) |
Virginia |
U.S. |
| Net earnings |
5.5 %
| 6.2 %
|
5.4 %
|
| Dividends, interest, and rent |
4.1 %
|
4.5 %
|
4.5 %
|
| Personal current transfer receipts |
7.5 %
|
6.9 %
|
6.1 %
|
|
|
Last updated:
Thursday, April 23, 2009
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