Warren County vs. New York
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Warren County vs. New York
Warren County:
2022 PCI = $60,743
2022 Percent of State = 80.55%
New York:
2022 PCI = $75,407
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.
Warren County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Warren County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Warren County's annual per capita personal income over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Warren County over time.
When measured in current dollars, Warren County's per capita personal income increased 1,474.17%, from $3,859 in 1970 to $60,743 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 168.13%, from $19,522 in 1970 to $52,345 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Warren County's and New York's annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Warren County's real per capita personal income rose from $18,616 in 1969 to $52,345 in 2022, for a net gain of $33,728, or 181.18%. In comparison, New York's real per capita personal income advanced from $24,461 in 1969 to $64,982 in 2022, for a net advance of $40,521, or 165.66%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Warren County's real per capita personal income growth in a broader context by offering direct comparisons across time with New York, 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.
Warren County's overall real per capita personal income growth was 181.18% over 1969-2022 outpaced New York's increase of 165.66%, and outpaced the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Warren County and New York per capita personal income as a percent of the national average over 1969-2022.
In 1969, Warren County's per capita personal income amounted to 89.43% of the national average; in 2022, it approximated 92.78%. Similarly, in 1969, New York's per capita personal income totaled 117.51% of the national average; in 2022, it consisted of 115.18%.
Warren County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Warren County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Warren County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also illustrated 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, Warren County's real per capita personal income grew at an annual rate of 2.01% over 1970-2022. The county recorded its highest growth in 2020 (8.69%) and recorded its lowest growth in 2022 (-6.76%). In 2022, Warren County's real per capita personal income declined by -6.76%
Warren County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Warren County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
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 depicts the annual percent change in Warren County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Warren County's annual real per capita personal income growth rate averaged 1.51%. It averaged 4.06% during the 1980s, 1.31% in the 1990s, 1.92% during the 2000s, 1.60% in the 2010s, 0.79% thus far this decade (2020-2022).
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 Warren County noted in the previous graph with the corresponding decade averages for New York and the nation. As the chart reveals, Warren County's average annual real per capita personal income growth outgained New York's average in the 1970s (1.51% vs. 1.36%), topped New York's average in the 1980s (4.06% vs. 3.44%), trailed New York's average in the 1990s (1.31% vs. 1.80%), outpaced New York's average in the 2000s (1.92% vs. 1.26%), amounted to less than New York's average in the 2010s (1.60% vs. 1.98%), and led New York's average over the 3 year period of the current decade, 2020-2022 (0.79% vs. 0.56%).
Finally, relative to nationwide real per capita personal income growth trends, Warren County fell below the nation throughout the 1970s (1.51% vs. 2.37%), registered above the nation throughout the 1980s (4.06% vs. 2.19%), fell below the nation over the 1990s (1.31% vs. 2.01%), recorded above the nation over the 2000s (1.92% vs. 1.10%), recorded underneath the nation throughout the 2010s (1.60% vs. 1.97%), and fell below the nation over 2020-2022 (0.79% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.01
1.51
4.06
1.31
1.92
1.60
0.79
-6.76
 
1.89
1.36
3.44
1.80
1.26
1.98
0.56
-6.74
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Warren County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,515
0.189
18,616
100.0
N
76.11
89.43
1970
 
3,859
0.198
19,522
104.9
4.86
78.43
91.92
1971
 
4,096
0.206
19,877
106.8
1.82
78.25
91.61
1972
 
4,331
0.213
20,327
109.2
2.27
77.30
89.18
1973
 
4,679
0.225
20,839
111.9
2.52
77.70
87.25
1974
 
5,054
0.248
20,385
109.5
-2.18
77.36
86.61
1975
 
5,478
0.269
20,396
109.6
0.06
77.53
86.63
1976
 
6,001
0.283
21,179
113.8
3.84
79.91
87.28
1977
 
6,445
0.302
21,357
114.7
0.84
79.00
85.75
1978
 
6,978
0.323
21,619
116.1
1.23
77.97
83.51
1979
 
7,587
0.351
21,588
116.0
-0.14
77.17
82.18
1980
 
8,537
0.389
21,931
117.8
1.59
77.57
83.83
1981
 
9,401
0.424
22,163
119.1
1.06
76.66
83.25
1982
 
10,282
0.448
22,965
123.4
3.62
77.24
85.75
1983
 
11,073
0.467
23,723
127.4
3.30
77.49
87.18
1984
 
12,390
0.484
25,579
137.4
7.83
78.79
89.21
1985
 
13,329
0.501
26,590
142.8
3.95
79.33
90.39
1986
 
14,587
0.512
28,480
153.0
7.11
81.48
94.22
1987
 
15,681
0.528
29,698
159.5
4.28
82.57
96.63
1988
 
17,182
0.549
31,317
168.2
5.45
82.55
98.51
1989
 
18,373
0.573
32,086
172.4
2.45
81.88
98.47
1990
 
18,826
0.598
31,495
169.2
-1.84
78.47
95.96
1991
 
19,082
0.618
30,890
165.9
-1.92
79.85
95.17
1992
 
20,394
0.634
32,157
172.7
4.10
81.42
96.76
1993
 
20,366
0.650
31,333
168.3
-2.56
79.68
93.80
1994
 
20,838
0.664
31,403
168.7
0.23
79.43
92.40
1995
 
22,064
0.678
32,565
174.9
3.70
80.09
93.58
1996
 
22,729
0.692
32,844
176.4
0.86
78.69
91.93
1997
 
23,980
0.704
34,060
183.0
3.70
78.89
92.50
1998
 
25,243
0.710
35,571
191.1
4.44
78.90
91.82
1999
 
26,222
0.720
36,419
195.6
2.39
77.95
91.71
2000
 
28,019
0.738
37,955
203.9
4.22
77.93
91.71
2001
 
28,065
0.753
37,271
200.2
-1.80
75.49
88.96
2002
 
28,863
0.763
37,832
203.2
1.51
78.07
90.76
2003
 
30,116
0.779
38,663
207.7
2.20
80.48
92.21
2004
 
32,304
0.798
40,467
217.4
4.67
82.63
94.50
2005
 
32,707
0.821
39,825
213.9
-1.59
80.47
91.70
2006
 
34,254
0.844
40,566
217.9
1.86
78.28
90.52
2007
 
35,211
0.866
40,656
218.4
0.22
74.88
88.94
2008
 
37,695
0.892
42,273
227.1
3.98
78.68
92.27
2009
 
39,058
0.889
43,924
235.9
3.91
83.22
99.37
2010
 
40,881
0.905
45,165
242.6
2.83
84.15
100.80
2011
 
41,942
0.928
45,194
242.8
0.06
82.60
98.34
2012
 
43,125
0.945
45,618
245.0
0.94
81.94
97.49
2013
 
43,892
0.958
45,825
246.2
0.45
83.01
98.85
2014
 
43,921
0.971
45,223
242.9
-1.31
80.60
94.89
2015
 
45,878
0.973
47,151
253.3
4.26
81.05
95.46
2016
 
46,796
0.983
47,613
255.8
0.98
80.14
95.56
2017
 
49,364
1.000
49,364
265.2
3.68
79.37
96.79
2018
 
50,693
1.020
49,676
266.8
0.63
78.94
95.09
2019
 
53,233
1.035
51,427
276.2
3.52
80.15
95.83
2020
 
58,485
1.046
55,894
300.2
8.69
83.70
98.87
2021
 
61,193
1.090
56,140
301.6
0.44
80.57
94.98
2022
 
60,743
1.160
52,345
281.2
-6.76
80.55
92.78
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
New York:
Per Capita Personal Income, 1969-2022
 
1969
 
4,619
0.189
24,461
100.0
N
117.51
1970
 
4,920
0.198
24,891
101.8
1.76
117.20
1971
 
5,234
0.206
25,401
103.8
2.05
117.07
1972
 
5,603
0.213
26,297
107.5
3.53
115.37
1973
 
6,022
0.225
26,819
109.6
1.98
112.29
1974
 
6,533
0.248
26,349
107.7
-1.75
111.95
1975
 
7,066
0.269
26,306
107.5
-0.16
111.73
1976
 
7,510
0.283
26,504
108.4
0.75
109.23
1977
 
8,158
0.302
27,036
110.5
2.01
108.55
1978
 
8,949
0.323
27,727
113.4
2.56
107.10
1979
 
9,832
0.351
27,977
114.4
0.90
106.49
1980
 
11,006
0.389
28,272
115.6
1.06
108.07
1981
 
12,263
0.424
28,912
118.2
2.26
108.61
1982
 
13,312
0.448
29,734
121.6
2.84
111.03
1983
 
14,288
0.467
30,612
125.1
2.95
112.50
1984
 
15,726
0.484
32,465
132.7
6.05
113.22
1985
 
16,801
0.501
33,517
137.0
3.24
113.94
1986
 
17,903
0.512
34,954
142.9
4.29
115.64
1987
 
18,991
0.528
35,967
147.0
2.90
117.03
1988
 
20,814
0.549
37,936
155.1
5.48
119.33
1989
 
22,439
0.573
39,188
160.2
3.30
120.27
1990
 
23,992
0.598
40,137
164.1
2.42
122.29
1991
 
23,898
0.618
38,686
158.2
-3.62
119.19
1992
 
25,050
0.634
39,498
161.5
2.10
118.85
1993
 
25,561
0.650
39,324
160.8
-0.44
117.72
1994
 
26,234
0.664
39,535
161.6
0.54
116.33
1995
 
27,549
0.678
40,660
166.2
2.84
116.84
1996
 
28,886
0.692
41,741
170.6
2.66
116.83
1997
 
30,398
0.704
43,174
176.5
3.43
117.25
1998
 
31,995
0.710
45,084
184.3
4.42
116.37
1999
 
33,641
0.720
46,724
191.0
3.64
117.66
2000
 
35,955
0.738
48,705
199.1
4.24
117.69
2001
 
37,176
0.753
49,369
201.8
1.36
117.84
2002
 
36,972
0.763
48,462
198.1
-1.84
116.26
2003
 
37,420
0.779
48,039
196.4
-0.87
114.58
2004
 
39,093
0.798
48,972
200.2
1.94
114.36
2005
 
40,645
0.821
49,491
202.3
1.06
113.95
2006
 
43,760
0.844
51,824
211.9
4.71
115.64
2007
 
47,020
0.866
54,292
222.0
4.76
118.78
2008
 
47,909
0.892
53,728
219.6
-1.04
117.27
2009
 
46,936
0.889
52,783
215.8
-1.76
119.41
2010
 
48,579
0.905
53,670
219.4
1.68
119.78
2011
 
50,775
0.928
54,712
223.7
1.94
119.05
2012
 
52,628
0.945
55,671
227.6
1.75
118.97
2013
 
52,875
0.958
55,204
225.7
-0.84
119.09
2014
 
54,495
0.971
56,110
229.4
1.64
117.73
2015
 
56,603
0.973
58,174
237.8
3.68
117.77
2016
 
58,392
0.983
59,412
242.9
2.13
119.24
2017
 
62,196
1.000
62,196
254.3
4.69
121.95
2018
 
64,218
1.020
62,930
257.3
1.18
120.46
2019
 
66,415
1.035
64,161
262.3
1.96
119.56
2020
 
69,873
1.046
66,778
273.0
4.08
118.12
2021
 
75,948
1.090
69,676
284.8
4.34
117.88
2022
 
75,407
1.160
64,982
265.7
-6.74
115.18
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: 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, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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