Lincoln County vs. Maine
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Lincoln County:
2017 PCI = $48,619
2017 Percent of State = 104.7%
Maine:
2017 PCI = $46,455
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:
Personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current tranfer receipts, less contributions for government social insurance. This measure of income is calculated as the personal income of the 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.
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.
Lincoln County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Lincoln County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lincoln County's annual per capita personal income over 1969-2017 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 Lincoln County over time.
When measured in current dollars, Lincoln County's per capita personal income increased 1,291.2%, from $3,495 in 1969 to $48,619 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 162.5%, from $17,460 in 1969 to $45,835 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 traces Lincoln County's and Maine's annual real per capita personal income for the period 1969-2017 to illustrate real per capita personal income patterns over time. During this 49-year period, Lincoln County's real per capita personal income rose from $17,460 in 1969 to $45,835 in 2017, for a net gain of $28,375, or 162.5%. In comparison, Maine's real per capita personal income increased from $16,203 in 1969 to $43,796 in 2017, for a net advance of $27,592, or 170.3%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows Lincoln County's real per capita personal income growth in a broader context by offering direct comparisons across time with Maine, 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.
Lincoln County's overall real per capita personal income growth was 162.5% over 1969-2017 trailed Maine's increase of 170.3%, and topped the United States' increase of 147.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Lincoln County and Maine per capita personal income as a percent of the national average over 1969-2017.
In 1969, Lincoln County's per capita personal income amounted to 88.9% of the national average; in 2017, it approximated 94.1%. Similarly, in 1969, Maine's per capita personal income totaled 82.5% of the national average; in 2017, it consisted of 90.0%.
Lincoln County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Lincoln County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Lincoln County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Lincoln County's real per capita personal income grew at an annual rate of 2.06% over 1970-2017. The county recorded its highest growth in 1985 (8.61%) and posted its lowest growth in 2005 (-3.06%). In 2017, Lincoln County's real per capita personal income grew by 1.34%
Lincoln County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Lincoln County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 Lincoln 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 2010-2017.
During the 1970s, Lincoln County's annual real per capita personal income growth rate averaged 2.11%. It averaged 3.81% in the 1980s, 1.32% in the 1990s, 1.43% during the 2000s, and 1.53% thus far this decade (2010 to 2017).
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 Lincoln County noted in the previous graph with the corresponding decade averages for Maine and the nation. As the chart reveals, Lincoln County's average annual real per capita personal income growth lagged Maine's average throughout the 1970s (2.11% vs. 2.33%), outgained Maine's average during the 1980s (3.81% vs. 3.31%), lagged Maine's average in the 1990s (1.32% vs. 1.81%), fell below Maine's average during the 2000s (1.43% vs. 1.58%), and exceeded Maine's average over the 8 year period of the last decade, 2010-2017 (1.53% vs. 1.40%).
Finally, relative to nationwide real per capita personal income growth trends, Lincoln County posted below the nation during the 1970s (2.11% vs. 2.35%), outperformed the nation in the 1980s (3.81% vs. 2.21%), recorded underneath the nation in the 1990s (1.32% vs. 2.02%), exceeded the nation in the 2000s (1.43% vs. 1.10%), and lagged the nation over 2010-2017 (1.53% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.06
2.11
3.81
1.32
1.43
1.53
1.34
 
2.11
2.33
3.31
1.81
1.58
1.40
1.93
 
1.93
2.35
2.21
2.02
1.10
1.95
1.84
 
   

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

   
 
Lincoln County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,495
0.200
17,460
100.0
N
107.76
88.92
1970
 
3,870
0.210
18,472
105.8
5.79
109.28
92.24
1971
 
4,183
0.218
19,153
109.7
3.69
112.09
93.64
1972
 
4,325
0.226
19,149
109.7
-0.02
107.81
89.13
1973
 
4,618
0.238
19,404
111.1
1.33
103.64
86.29
1974
 
5,014
0.263
19,081
109.3
-1.66
102.66
86.10
1975
 
5,371
0.285
18,867
108.1
-1.12
103.32
85.10
1976
 
6,022
0.300
20,052
114.8
6.28
102.91
87.84
1977
 
6,452
0.320
20,171
115.5
0.59
102.88
86.09
1978
 
7,077
0.342
20,686
118.5
2.55
103.01
84.87
1979
 
7,989
0.373
21,446
122.8
3.68
105.51
86.72
1980
 
9,220
0.413
22,346
128.0
4.19
108.40
90.81
1981
 
10,153
0.450
22,584
129.3
1.07
108.67
90.15
1982
 
11,344
0.475
23,904
136.9
5.84
112.48
94.95
1983
 
11,772
0.495
23,794
136.3
-0.46
109.61
93.05
1984
 
12,674
0.513
24,684
141.4
3.74
107.38
91.44
1985
 
14,245
0.531
26,810
153.5
8.61
112.63
96.78
1986
 
15,315
0.543
28,209
161.6
5.22
112.21
99.07
1987
 
16,006
0.560
28,600
163.8
1.39
109.07
98.41
1988
 
17,520
0.582
30,128
172.6
5.34
110.27
100.53
1989
 
18,856
0.607
31,070
177.9
3.13
110.50
101.09
1990
 
19,399
0.634
30,620
175.4
-1.45
110.34
99.02
1991
 
19,531
0.655
29,830
170.8
-2.58
109.84
97.73
1992
 
20,333
0.672
30,249
173.2
1.40
109.38
96.55
1993
 
20,796
0.689
30,186
172.9
-0.21
108.70
95.84
1994
 
21,421
0.703
30,457
174.4
0.90
107.49
95.04
1995
 
22,622
0.718
31,502
180.4
3.43
108.70
95.98
1996
 
23,535
0.733
32,088
183.8
1.86
107.45
95.18
1997
 
25,000
0.746
33,502
191.9
4.41
108.70
96.34
1998
 
26,076
0.752
34,668
198.6
3.48
106.34
94.79
1999
 
26,978
0.763
35,341
202.4
1.94
105.29
94.24
2000
 
28,661
0.782
36,634
209.8
3.66
104.81
93.65
2001
 
30,245
0.797
37,931
217.2
3.54
105.10
95.75
2002
 
31,033
0.808
38,412
220.0
1.27
104.54
97.49
2003
 
31,861
0.824
38,686
221.6
0.71
103.77
97.49
2004
 
33,974
0.844
40,248
230.5
4.04
105.86
99.19
2005
 
33,871
0.868
39,017
223.5
-3.06
103.47
94.48
2006
 
35,701
0.892
40,035
229.3
2.61
103.79
93.67
2007
 
37,261
0.914
40,750
233.4
1.79
104.62
93.52
2008
 
38,835
0.942
41,235
236.2
1.19
105.10
94.94
2009
 
38,243
0.941
40,644
232.8
-1.43
103.59
97.35
2010
 
39,596
0.957
41,373
237.0
1.79
104.60
97.66
2011
 
41,279
0.981
42,066
240.9
1.67
104.90
96.61
2012
 
42,591
1.000
42,591
243.9
1.25
105.99
95.53
2013
 
42,386
1.013
41,823
239.5
-1.80
105.57
94.56
2014
 
44,182
1.029
42,950
246.0
2.70
105.47
93.96
2015
 
46,295
1.031
44,891
257.1
4.52
106.02
94.60
2016
 
47,145
1.042
45,230
259.0
0.75
105.27
94.61
2017
 
48,619
1.061
45,835
262.5
1.34
104.66
94.15
Source: Calculations by the Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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.

   
 
Maine:
Per Capita Personal Income, 1969-2017
 
1969
 
3,243
0.200
16,203
100.0
N
82.52
1970
 
3,541
0.210
16,904
104.3
4.32
84.41
1971
 
3,732
0.218
17,087
105.5
1.09
83.54
1972
 
4,012
0.226
17,762
109.6
3.95
82.67
1973
 
4,456
0.238
18,722
115.5
5.41
83.26
1974
 
4,884
0.263
18,586
114.7
-0.73
83.87
1975
 
5,199
0.285
18,260
112.7
-1.76
82.36
1976
 
5,852
0.300
19,485
120.3
6.71
85.35
1977
 
6,271
0.320
19,606
121.0
0.62
83.68
1978
 
6,870
0.342
20,081
123.9
2.42
82.39
1979
 
7,571
0.373
20,325
125.4
1.22
82.19
1980
 
8,506
0.413
20,614
127.2
1.42
83.77
1981
 
9,343
0.450
20,782
128.3
0.82
82.96
1982
 
10,086
0.475
21,253
131.2
2.26
84.42
1983
 
10,740
0.495
21,708
134.0
2.14
84.89
1984
 
11,802
0.513
22,987
141.9
5.89
85.15
1985
 
12,648
0.531
23,803
146.9
3.55
85.93
1986
 
13,649
0.543
25,140
155.2
5.62
88.29
1987
 
14,675
0.560
26,222
161.8
4.30
90.22
1988
 
15,889
0.582
27,323
168.6
4.20
91.17
1989
 
17,064
0.607
28,117
173.5
2.91
91.48
1990
 
17,581
0.634
27,750
171.3
-1.31
89.74
1991
 
17,780
0.655
27,157
167.6
-2.14
88.97
1992
 
18,589
0.672
27,655
170.7
1.83
88.27
1993
 
19,132
0.689
27,771
171.4
0.42
88.17
1994
 
19,927
0.703
28,334
174.9
2.03
88.42
1995
 
20,812
0.718
28,981
178.9
2.28
88.30
1996
 
21,903
0.733
29,863
184.3
3.04
88.57
1997
 
22,999
0.746
30,820
190.2
3.21
88.63
1998
 
24,522
0.752
32,602
201.2
5.78
89.14
1999
 
25,622
0.763
33,564
207.1
2.95
89.50
2000
 
27,345
0.782
34,952
215.7
4.14
89.35
2001
 
28,778
0.797
36,091
222.7
3.26
91.10
2002
 
29,685
0.808
36,744
226.8
1.81
93.26
2003
 
30,705
0.824
37,282
230.1
1.46
93.96
2004
 
32,094
0.844
38,021
234.7
1.98
93.70
2005
 
32,735
0.868
37,707
232.7
-0.83
91.31
2006
 
34,397
0.892
38,573
238.1
2.30
90.25
2007
 
35,614
0.914
38,949
240.4
0.97
89.39
2008
 
36,951
0.942
39,234
242.1
0.73
90.34
2009
 
36,917
0.941
39,234
242.1
0.00
93.97
2010
 
37,854
0.957
39,553
244.1
0.81
93.36
2011
 
39,350
0.981
40,100
247.5
1.38
92.10
2012
 
40,185
1.000
40,185
248.0
0.21
90.14
2013
 
40,148
1.013
39,615
244.5
-1.42
89.56
2014
 
41,889
1.029
40,721
251.3
2.79
89.08
2015
 
43,665
1.031
42,341
261.3
3.98
89.22
2016
 
44,787
1.042
42,967
265.2
1.48
89.88
2017
 
46,455
1.061
43,796
270.3
1.93
89.96
Source: Calculations by the Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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, 1969-2017
 
1969
 
3,930
0.200
19,636
100.0
N
1970
 
4,196
0.210
20,026
102.0
1.98
1971
 
4,468
0.218
20,455
104.2
2.14
1972
 
4,853
0.226
21,485
109.4
5.04
1973
 
5,352
0.238
22,487
114.5
4.66
1974
 
5,824
0.263
22,161
112.9
-1.45
1975
 
6,312
0.285
22,171
112.9
0.05
1976
 
6,856
0.300
22,828
116.3
2.96
1977
 
7,494
0.320
23,430
119.3
2.64
1978
 
8,338
0.342
24,372
124.1
4.02
1979
 
9,212
0.373
24,730
125.9
1.47
1980
 
10,153
0.413
24,606
125.3
-0.50
1981
 
11,262
0.450
25,051
127.6
1.81
1982
 
11,947
0.475
25,175
128.2
0.49
1983
 
12,652
0.495
25,573
130.2
1.58
1984
 
13,860
0.513
26,995
137.5
5.56
1985
 
14,719
0.531
27,701
141.1
2.62
1986
 
15,459
0.543
28,475
145.0
2.79
1987
 
16,265
0.560
29,064
148.0
2.07
1988
 
17,426
0.582
29,968
152.6
3.11
1989
 
18,653
0.607
30,735
156.5
2.56
1990
 
19,591
0.634
30,923
157.5
0.61
1991
 
19,985
0.655
30,524
155.4
-1.29
1992
 
21,060
0.672
31,330
159.6
2.64
1993
 
21,698
0.689
31,496
160.4
0.53
1994
 
22,538
0.703
32,046
163.2
1.75
1995
 
23,568
0.718
32,820
167.1
2.42
1996
 
24,728
0.733
33,715
171.7
2.73
1997
 
25,950
0.746
34,775
177.1
3.14
1998
 
27,510
0.752
36,574
186.3
5.18
1999
 
28,627
0.763
37,501
191.0
2.53
2000
 
30,602
0.782
39,116
199.2
4.31
2001
 
31,589
0.797
39,616
201.7
1.28
2002
 
31,832
0.808
39,401
200.7
-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
217.7
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
 
40,545
0.957
42,364
215.7
1.47
2011
 
42,727
0.981
43,540
221.7
2.78
2012
 
44,582
1.000
44,582
227.0
2.39
2013
 
44,826
1.013
44,231
225.2
-0.79
2014
 
47,025
1.029
45,714
232.8
3.35
2015
 
48,940
1.031
47,456
241.7
3.81
2016
 
49,831
1.042
47,806
243.5
0.74
2017
 
51,640
1.061
48,684
247.9
1.84
Source: Calculations by the Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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