News Release
Local Area Personal Income, 2005
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EMBARGOED FOR RELEASE: 8:30 A.M. ET, Thursday, April 26, 2007
| David Lenze | (202) | 606–9292 | BEA–07–17 |
| Kathy Albetski | (202) | 606–9240 | |
| E-mail inquiries: | reis.remd@bea.gov |
Local Area Personal Income, 2005
Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2005 based on newly available source data. Personal income is a comprehensive measure of the income of all persons from all sources. In addition to wages and salaries it includes employer-provided health insurance, dividends and interest income, social security benefits, and other types of income. /1
The growth in county personal income for 2005 ranged from 34 percent in Cheyenne County, Kansas to -80 percent in St. Bernard Parish, Louisiana. For the Nation, personal income grew 5.2 percent. Farming was the largest contributor to growth in the 10 fastest growing counties-all in Kansas and North Dakota. The five largest declines in county personal income-all in Louisiana-were due to the destruction of housing and businesses from wind, storm surge, and floods caused by Hurricane Katrina.
Per capita personal income (personal income divided by population) ranged from $93,377 in New York County, New York to $5,148 in St. Bernard Parish, Louisiana.
The county estimates released today complete the increasingly detailed series of data releases depicting the geographic distribution of the nation's personal income for 2005. National estimates typically are released one month after the end of the year, state estimates are released two months later, and metropolitan area estimates for 2005 were released last September.
Personal income and its components are available for 3,111 counties from 1969 to 2005. In addition, detailed annual estimates of earnings and employment by industry, personal current transfer receipts, and farm gross income and expenses by major category for each county are available. A partial sample of the data available is presented in the attached table for Los Angeles County, California. These estimates are the only detailed, broadly inclusive, annual measure of economic activity available for local areas. Go to www.bea.gov/regional/reis/ to access these estimates.
A computer-generated narrative describing county, MSA, and state personal income using current estimates, growth rates, and a breakdown of the sources of personal income is available at /regional/bearfacts/.
1. For a comparison of BEA's personal income to other measures of income see the box, Alternative Measures of Household Income," (PDF 69 KB) in the April issue of the Survey of Current Business.
Definitions
Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence, rental income of persons, personal dividend income, personal interest income, and personal current transfer receipts. Net earnings is earnings by place of work (the sum of wage and salary disbursements (payrolls), 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 price changes).
The estimate of personal income in the United States is derived as the sum of the county estimates; it differs slightly from the estimate of personal income in the national income and product accounts (NIPAs) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Per capita personal income is calculated as the personal income of 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.
BEA's major national, regional, international, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site:www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail alerts of BEA releases and announcements.
| D. Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the total. | |||
| 1. The estimates of earnings for 2003-2005 are based on the 2002 North American Industry Classification System (NAICS). | |||
| 2. Census Bureau midyear population estimates. Estimates for 2003-2005 reflect county population estimates available as of March 2007. | |||
| 3. Contributions for government social insurance are included in earnings by type and industry but they are excluded from personal income. | |||
| 4. The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States, it consists of adjustments for border workers: Wage and salary disbursements to U.S. residents commuting to Canada less wage and salary disbursements to Canadian and Mexican residents commuting into the United States. | |||
| 5. Rental income of persons includes the capital consumption adjustment. | |||
| 6. Proprietors' income includes the inventory valuation adjustment and capital consumption adjustment. | |||
| 7. "Other" consists of wage and salary disbursements to U.S. residents employed by international organizations and foreign embassies and consulates in the United States. | |||
| Source: U.S. Bureau of Economic Analysis | |||
| 2003 | 2004 | 2005 | |
|---|---|---|---|
| Income by place of residence | |||
| Personal income | 309,827,072 | 327,362,646 | 342,231,121 |
| Population (persons) 2/ | 9,862,088 | 9,917,538 | 9,941,197 |
| Per capita personal income (dollars) | 31,416 | 33,008 | 34,426 |
| Derivation of personal income | |||
| Earnings by place of work | 263,316,886 | 279,378,339 | 293,030,796 |
| less: Contributions for government social insurance 3/ | 29,242,218 | 31,523,587 | 33,154,295 |
| Employee and self-employed contributions for government social insurance | 14,897,293 | 15,961,365 | 16,831,391 |
| Employer contributions for government social insurance | 14,344,925 | 15,562,222 | 16,322,904 |
| plus: Adjustment for residence 4/ | -19,918,110 | -20,390,827 | -20,851,923 |
| equals: Net earnings by place of residence | 214,156,558 | 227,463,925 | 239,024,578 |
| plus: Dividends, interest, and rent 5/ | 49,654,416 | 51,278,516 | 52,718,921 |
| plus: Personal current transfer receipts | 46,016,098 | 48,620,205 | 50,487,622 |
| Earnings by place of work | |||
| Components of earnings | |||
| Wage and salary disbursements | 184,029,912 | 193,748,711 | 201,651,773 |
| Supplements to wages and salaries | 41,059,414 | 44,787,079 | 47,570,512 |
| Employer contributions for employee pension and insurance funds | 26,714,489 | 29,224,857 | 31,247,608 |
| Employer contributions for government social insurance | 14,344,925 | 15,562,222 | 16,322,904 |
| Proprietors' income 6/ | 38,227,560 | 40,842,549 | 43,808,511 |
| Farm proprietors' income | 127,508 | 73,082 | 31,895 |
| Nonfarm proprietors' income | 38,100,052 | 40,769,467 | 43,776,616 |
| Earnings by industry | |||
| Farm earnings | 300,915 | 258,892 | 230,224 |
| Nonfarm earnings | 263,015,971 | 279,119,447 | 292,800,572 |
| Private earnings | 226,362,187 | 240,999,831 | 253,254,638 |
| Forestry, fishing, related activities, and other 7/ | 125,053 | 120,105 | 134,419 |
| Forestry and logging | 7,576 | 7,017 | 7,603 |
| Fishing, hunting, and trapping | 10,614 | 11,924 | 13,551 |
| Agriculture and forestry support activities | 84,814 | 79,060 | 90,975 |
| Other 7/ | 22,049 | 22,104 | 22,290 |
| Mining | 876,337 | 1,172,533 | 1,209,836 |
| Oil and gas extraction | 718,542 | 1,023,527 | 1,045,092 |
| Mining (except oil and gas) | 54,533 | 52,313 | 52,227 |
| Support activities for mining | 103,262 | 96,693 | 112,517 |
| Utilities | 1,738,266 | 1,753,961 | 1,932,030 |
| Construction | 10,377,294 | 11,437,311 | 12,736,280 |
| Construction of buildings | 3,622,402 | 4,041,225 | 4,519,645 |
| Heavy and civil engineering construction | 1,335,320 | 1,361,189 | 1,469,262 |
| Specialty trade contractors | 5,419,572 | 6,034,897 | 6,747,373 |
| Manufacturing | 30,996,596 | 32,292,573 | 33,043,837 |
| Durable goods manufacturing | 19,414,219 | 20,197,397 | 20,694,722 |
| Wood product manufacturing | 236,806 | 267,567 | 266,444 |
| Nonmetallic mineral product manufacturing | 522,770 | 551,180 | 519,365 |
| Primary metal manufacturing | 585,853 | 674,478 | 719,727 |
| Fabricated metal product manufacturing | 2,487,476 | 2,536,768 | 2,664,424 |
| Machinery manufacturing | 1,468,051 | 1,414,055 | 1,415,873 |
| Computer and electronic product manufacturing | 5,476,926 | 5,916,816 | 6,279,048 |
| Electrical equipment and appliance manufacturing | 670,359 | 753,830 | 687,898 |
| Motor vehicles, bodies and trailers, and parts manufacturing | 943,808 | (D) | (D) |
| Other transportation equipment manufacturing | 3,898,084 | (D) | (D) |
| Furniture and related product manufacturing | 1,189,606 | 1,343,095 | 1,289,756 |
| Miscellaneous manufacturing | 1,934,480 | 1,907,730 | 2,081,169 |
| Nondurable goods manufacturing | 11,582,377 | 12,095,176 | 12,349,115 |
| Food manufacturing | 2,518,556 | 2,435,077 | 2,483,472 |
| Beverage and tobacco product manufacturing | 459,818 | 452,219 | 493,485 |
| Textile mills | 360,592 | 391,497 | 387,567 |
| Textile product mills | 287,999 | 285,234 | 285,769 |
| Apparel manufacturing | 2,235,185 | 2,373,898 | 2,415,620 |
| Leather and allied product manufacturing | 126,438 | 130,638 | 145,979 |
| Paper manufacturing | 781,600 | 781,486 | 804,908 |
| Printing and related support activities | 1,497,823 | 1,578,517 | 1,614,183 |
| Petroleum and coal products manufacturing | 618,520 | 699,779 | 772,780 |
| Chemical manufacturing | 1,793,615 | 2,013,182 | 2,048,211 |
| Plastics and rubber products manufacturing | 902,231 | 953,649 | 897,141 |
| Wholesale trade | 14,506,104 | 15,638,920 | 16,878,960 |
| Retail trade | 16,606,453 | 17,307,265 | 17,999,133 |
| Motor vehicle and parts dealers | 3,129,206 | 3,262,323 | 3,467,112 |
| Furniture and home furnishings stores | 684,528 | 713,513 | 749,839 |
| Electronics and appliance stores | 1,055,982 | 1,113,691 | 1,205,936 |
| Building material and garden supply stores | 945,395 | 1,050,322 | 1,121,686 |
| Food and beverage stores | 3,065,059 | 3,116,474 | 3,215,628 |
| Health and personal care stores | 1,277,110 | 1,280,405 | 1,299,982 |
| Gasoline stations | 594,184 | 609,659 | 617,659 |
| Clothing and clothing accessories stores | 1,766,622 | 2,013,436 | 2,048,021 |
| Sporting goods, hobby, book and music stores | 751,718 | 782,342 | 748,738 |
| General merchandise stores | 1,614,129 | 1,654,692 | 1,751,207 |
| Miscellaneous store retailers | 1,266,473 | 1,086,450 | 1,111,889 |
| Nonstore retailers | 456,047 | 623,958 | 661,436 |
| Transportation and warehousing | 9,631,924 | 10,191,166 | 10,511,784 |
| Air transportation | 1,749,792 | 1,730,226 | 1,528,250 |
| Rail transportation | 278,999 | 293,817 | 300,017 |
| Water transportation | 94,728 | 98,902 | 105,480 |
| Truck transportation | 2,072,999 | 2,209,653 | 2,220,479 |
| Transit and ground passenger transportation | 410,961 | 416,854 | 478,017 |
| Pipeline transportation | 142,861 | 174,245 | 160,456 |
| Scenic and sightseeing transportation | 45,327 | 30,617 | 31,697 |
| Support activities for transportation | 3,092,909 | 3,352,059 | 3,731,720 |
| Couriers and messengers | 948,380 | 1,020,583 | 1,050,166 |
| Warehousing and storage | 794,968 | 864,210 | 905,502 |
| Information | 23,860,514 | 25,166,724 | 25,238,549 |
| Publishing industries, except Internet | 1,845,389 | 1,964,069 | 2,059,996 |
| Motion picture and sound recording industries | 14,278,221 | 14,032,619 | 13,616,413 |
| Broadcasting, except Internet | 4,290,096 | 5,380,529 | 5,487,418 |
| Internet publishing and broadcasting | 264,523 | 237,277 | 298,881 |
| Telecommunications | 2,178,430 | 2,377,439 | 2,402,110 |
| ISPs, search portals, and data processing | 939,530 | 1,104,333 | 1,295,468 |
| Other information services | 64,325 | 70,458 | 78,263 |
| Finance and insurance | 17,119,244 | 18,539,420 | 20,067,353 |
| Monetary authorities - central bank | 63,613 | 61,912 | 69,479 |
| Credit intermediation and related activities | 6,041,159 | 6,265,639 | 7,027,122 |
| Securities, commodity contracts, investments | 5,345,315 | 6,174,715 | 6,754,039 |
| Insurance carriers and related activities | 5,298,231 | 5,657,354 | 5,756,145 |
| Funds, trusts, and other financial vehicles | 370,926 | 379,800 | 460,568 |
| Real estate and rental and leasing | 8,249,309 | 8,861,838 | 9,795,896 |
| Real estate | 6,409,886 | 7,037,750 | 8,230,654 |
| Rental and leasing services | 1,574,860 | 1,609,550 | 1,385,900 |
| Lessors of nonfinancial intangible assets | 264,563 | 214,538 | 179,342 |
| Professional and technical services | 28,337,793 | 30,865,072 | 33,458,456 |
| Management of companies and enterprises | 6,083,589 | 6,516,737 | 6,740,886 |
| Administrative and waste services | 9,963,904 | 10,191,902 | 10,753,594 |
| Administrative and support services | 9,558,917 | 9,721,700 | 10,230,036 |
| Waste management and remediation services | 404,987 | 470,202 | 523,558 |
| Educational services | 3,866,253 | 4,120,455 | 4,381,577 |
| Health care and social assistance | 21,162,680 | 22,692,459 | 23,819,154 |
| Ambulatory health care services | 11,225,770 | 11,969,751 | 12,743,829 |
| Hospitals | 5,947,278 | 6,585,805 | 6,934,421 |
| Nursing and residential care facilities | 2,079,033 | 2,147,355 | 2,052,035 |
| Social assistance | 1,910,599 | 1,989,548 | 2,088,869 |
| Arts, entertainment, and recreation | 7,938,333 | 8,404,362 | 8,266,569 |
| Performing arts and spectator sports | 6,336,401 | 6,731,659 | 6,527,748 |
| Museums, historical sites, zoos, and parks | 402,358 | 428,037 | 465,934 |
| Amusement, gambling, and recreation | 1,199,574 | 1,244,666 | 1,272,887 |
| Accommodation and food services | 6,760,747 | 7,240,905 | 7,572,821 |
| Accommodation | 1,286,666 | 1,406,129 | 1,457,797 |
| Food services and drinking places | 5,474,081 | 5,834,776 | 6,115,024 |
| Other services, except public administration | 8,161,794 | 8,486,123 | 8,713,504 |
| Repair and maintenance | 2,266,641 | 2,332,910 | 2,466,467 |
| Personal and laundry services | 1,820,518 | 1,867,901 | 1,926,013 |
| Membership associations and organizations | 2,576,719 | 2,692,459 | 2,706,560 |
| Private households | 1,497,916 | 1,592,853 | 1,614,464 |
| Government and government enterprises | 36,653,784 | 38,119,616 | 39,545,934 |
| Federal, civilian | 4,407,297 | 4,741,066 | 4,827,746 |
| Military | 838,463 | 898,753 | 1,007,324 |
| State and local | 31,408,024 | 32,479,797 | 33,710,864 |
| State government | 4,364,452 | 4,551,720 | 4,624,793 |
| Local government | 27,043,572 | 27,928,077 | 29,086,071 |