Marengo County vs. Alabama
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2020
Introduction
Marengo County vs. Alabama
Marengo County:
2020 PCI = $43,854
2020 Percent of State = 94.4%
Alabama:
2020 PCI = $46,479
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.
Marengo County Per Capita Personal Income, 1970-2020
Current vs. Constant Dollars
Marengo County Per Capita Personal Income, 1970-2020
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Marengo County's annual per capita personal income over 1970-2020 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 Marengo County over time.
When measured in current dollars, Marengo County's per capita personal income increased 1,841.2%, from $2,259 in 1970 to $43,854 in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 264.9%, from $10,804 in 1970 to $39,428 in 2020.
Real Per Capita Personal Income, 1969-2020
Real Per Capita Personal Income, 1969-2020
Figure 2.
Figure 2 tracks Marengo County's and Alabama's annual real per capita personal income for the period 1969-2020 to illustrate real per capita personal income patterns over time. During this 52-year period, Marengo County's real per capita personal income rose from $9,236 in 1969 to $39,428 in 2020, for a net gain of $30,192, or 326.9%. In comparison, Alabama's real per capita personal income advanced from $14,171 in 1969 to $41,788 in 2020, for a net advance of $27,618, or 194.9%.
Real Per Capita Personal Income Indices (1969=100): 1969-2020
Real Per Capita Personal Income Indices (1969=100): 1969-2020
Figure 3.
Figure 3 shows Marengo County's real per capita personal income growth in a broader context by offering direct comparisons across time with Alabama, 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.
Marengo County's overall real per capita personal income growth was 326.9% over 1969-2020 outpaced Alabama's increase of 194.9%, and topped the United States' increase of 171.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2020
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2020
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Marengo County and Alabama per capita personal income as a percent of the national average over 1969-2020.
In 1969, Marengo County's per capita personal income amounted to 46.9% of the national average; in 2020, it approximated 73.7%. Similarly, in 1969, Alabama's per capita personal income totaled 72.0% of the national average; in 2020, it consisted of 78.1%.
Marengo County Real Per Capita Personal Income:
Annual Percent Change, 1970-2020
Marengo County Real Per Capita Personal Income:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 shows the short-run pattern of Marengo County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-year period is also traced 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, Marengo County's real per capita personal income grew at an annual rate of 2.95% over 1970-2020. The county recorded its highest growth in 1970 (16.98%) and posted its lowest growth in 1977 (-3.38%). In 2020, Marengo County's real per capita personal income grew by 7.55%
Marengo County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2020
Marengo County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2020
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 traces the annual percent change in Marengo 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, and 2010-2020.
During the 1970s, Marengo County's annual real per capita personal income growth rate averaged 5.61%. It averaged 2.48% throughout the 1980s, 3.46% throughout the 1990s, 1.02% during the 2000s, and 1.71% thus far this decade (2010 to 2020).
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 Marengo County noted in the previous graph with the corresponding decade averages for Alabama and the nation. As the chart reveals, Marengo County's average annual real per capita personal income growth topped Alabama's average throughout the 1970s (5.61% vs. 3.30%), outpaced Alabama's average during the 1980s (2.48% vs. 2.39%), outgained Alabama's average throughout the 1990s (3.46% vs. 2.17%), trailed Alabama's average throughout the 2000s (1.02% vs. 1.31%), and topped Alabama's average over the 11 year period of the last decade, 2010-2020 (1.71% vs. 1.40%).
Finally, relative to nationwide real per capita personal income growth trends, Marengo County outgained the nation during the 1970s (5.61% vs. 2.37%), outpaced the nation over the 1980s (2.48% vs. 2.20%), led the nation throughout the 1990s (3.46% vs. 2.04%), fell under the nation throughout the 2000s (1.02% vs. 1.08%), and posted below the nation over 2010-2020 (1.71% vs. 2.00%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.95
5.61
2.48
3.46
1.02
1.71
7.55
 
2.16
3.30
2.39
2.17
1.31
1.40
4.41
 
2.00
2.37
2.20
2.04
1.08
2.00
4.93
 
   

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

   
 
Marengo County:
Per Capita Personal Income, 1969-2020
 
1969
 
1,845
0.200
9,236
100.0
N
65.18
46.94
1970
 
2,259
0.209
10,804
117.0
16.98
73.33
53.82
1971
 
2,451
0.218
11,245
121.8
4.08
73.28
54.83
1972
 
2,621
0.225
11,629
125.9
3.41
71.39
53.97
1973
 
2,972
0.238
12,510
135.4
7.58
72.69
55.41
1974
 
3,170
0.262
12,087
130.9
-3.38
70.82
54.33
1975
 
3,562
0.284
12,535
135.7
3.71
72.43
56.32
1976
 
4,184
0.300
13,959
151.1
11.36
76.94
60.86
1977
 
4,306
0.319
13,487
146.0
-3.38
72.73
57.29
1978
 
5,105
0.341
14,952
161.9
10.86
77.25
61.10
1979
 
5,831
0.372
15,685
169.8
4.91
80.15
63.16
1980
 
6,255
0.412
15,188
164.4
-3.17
78.60
61.44
1981
 
7,041
0.449
15,691
169.9
3.31
80.05
62.31
1982
 
7,615
0.474
16,078
174.1
2.47
82.13
63.46
1983
 
8,078
0.494
16,359
177.1
1.75
81.55
63.62
1984
 
8,550
0.512
16,686
180.7
1.99
78.82
61.48
1985
 
9,125
0.530
17,206
186.3
3.12
78.63
61.84
1986
 
9,846
0.542
18,172
196.8
5.61
80.55
63.57
1987
 
10,404
0.559
18,627
201.7
2.50
80.88
63.87
1988
 
11,129
0.580
19,175
207.6
2.94
80.60
63.76
1989
 
12,108
0.606
19,990
216.4
4.25
80.80
64.83
1990
 
13,176
0.632
20,838
225.6
4.24
83.07
67.15
1991
 
14,119
0.653
21,607
233.9
3.69
85.20
70.49
1992
 
15,043
0.671
22,423
242.8
3.78
85.55
71.33
1993
 
15,628
0.688
22,729
246.1
1.37
86.21
71.91
1994
 
16,762
0.702
23,879
258.6
5.06
88.32
74.25
1995
 
17,402
0.717
24,280
262.9
1.68
87.48
73.71
1996
 
18,196
0.732
24,856
269.1
2.37
88.20
73.46
1997
 
18,862
0.745
25,326
274.2
1.89
87.67
72.57
1998
 
20,044
0.751
26,701
289.1
5.43
88.42
72.74
1999
 
21,374
0.762
28,063
303.9
5.10
91.60
74.49
2000
 
21,647
0.781
27,720
300.1
-1.22
89.06
70.57
2001
 
21,935
0.797
27,537
298.2
-0.66
87.54
69.38
2002
 
22,488
0.807
27,866
301.7
1.19
87.68
70.63
2003
 
22,901
0.824
27,793
300.9
-0.26
85.86
70.00
2004
 
25,187
0.844
29,827
323.0
7.32
88.58
73.48
2005
 
26,912
0.869
30,977
335.4
3.86
89.86
75.03
2006
 
28,298
0.893
31,681
343.0
2.27
89.91
74.23
2007
 
28,968
0.916
31,619
342.4
-0.19
88.48
72.63
2008
 
29,583
0.943
31,363
339.6
-0.81
88.09
72.11
2009
 
29,119
0.941
30,957
335.2
-1.29
88.86
73.99
2010
 
30,547
0.957
31,904
345.4
3.06
89.94
75.07
2011
 
31,701
0.982
32,292
349.6
1.21
90.31
74.10
2012
 
32,886
1.000
32,886
356.1
1.84
91.37
73.71
2013
 
33,499
1.014
33,051
357.9
0.50
92.39
74.62
2014
 
34,677
1.029
33,704
364.9
1.97
92.76
73.75
2015
 
35,783
1.031
34,702
375.7
2.96
91.86
73.19
2016
 
36,336
1.041
34,889
377.8
0.54
91.93
72.95
2017
 
36,931
1.061
34,824
377.1
-0.19
90.37
71.28
2018
 
39,217
1.083
36,206
392.0
3.97
92.65
72.49
2019
 
40,297
1.099
36,660
396.9
1.25
91.59
71.90
2020
 
43,854
1.112
39,428
426.9
7.55
94.35
73.69
Source: Calculations by the Alabama Regional Economic Analysis Project (AL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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.

   
 
Alabama:
Per Capita Personal Income, 1969-2020
 
1969
 
2,831
0.200
14,171
100.0
N
72.02
1970
 
3,081
0.209
14,734
104.0
3.97
73.39
1971
 
3,345
0.218
15,346
108.3
4.16
74.82
1972
 
3,672
0.225
16,289
115.0
6.15
75.60
1973
 
4,088
0.238
17,209
121.4
5.65
76.23
1974
 
4,477
0.262
17,068
120.4
-0.82
76.72
1975
 
4,918
0.284
17,307
122.1
1.40
77.77
1976
 
5,438
0.300
18,143
128.0
4.83
79.10
1977
 
5,920
0.319
18,546
130.9
2.22
78.77
1978
 
6,609
0.341
19,356
136.6
4.37
79.09
1979
 
7,275
0.372
19,569
138.1
1.10
78.80
1980
 
7,957
0.412
19,323
136.4
-1.26
78.17
1981
 
8,796
0.449
19,602
138.3
1.44
77.84
1982
 
9,272
0.474
19,577
138.2
-0.13
77.27
1983
 
9,906
0.494
20,061
141.6
2.47
78.01
1984
 
10,848
0.512
21,170
149.4
5.53
78.01
1985
 
11,604
0.530
21,882
154.4
3.36
78.65
1986
 
12,223
0.542
22,559
159.2
3.09
78.91
1987
 
12,864
0.559
23,031
162.5
2.09
78.97
1988
 
13,807
0.580
23,790
167.9
3.30
79.10
1989
 
14,986
0.606
24,740
174.6
3.99
80.24
1990
 
15,861
0.632
25,085
177.0
1.39
80.84
1991
 
16,572
0.653
25,360
179.0
1.10
82.73
1992
 
17,583
0.671
26,209
185.0
3.35
83.37
1993
 
18,129
0.688
26,366
186.1
0.60
83.42
1994
 
18,977
0.702
27,036
190.8
2.54
84.06
1995
 
19,892
0.717
27,755
195.9
2.66
84.26
1996
 
20,630
0.732
28,181
198.9
1.54
83.28
1997
 
21,516
0.745
28,889
203.9
2.51
82.78
1998
 
22,668
0.751
30,196
213.1
4.52
82.26
1999
 
23,333
0.762
30,635
216.2
1.45
81.32
2000
 
24,306
0.781
31,126
219.7
1.60
79.24
2001
 
25,057
0.797
31,457
222.0
1.06
79.25
2002
 
25,648
0.807
31,781
224.3
1.03
80.55
2003
 
26,673
0.824
32,371
228.4
1.86
81.53
2004
 
28,434
0.844
33,673
237.6
4.02
82.95
2005
 
29,949
0.869
34,473
243.3
2.38
83.50
2006
 
31,474
0.893
35,236
248.7
2.21
82.57
2007
 
32,739
0.916
35,736
252.2
1.42
82.09
2008
 
33,583
0.943
35,603
251.2
-0.37
81.86
2009
 
32,769
0.941
34,838
245.8
-2.15
83.26
2010
 
33,963
0.957
35,472
250.3
1.82
83.47
2011
 
35,101
0.982
35,756
252.3
0.80
82.05
2012
 
35,992
1.000
35,992
254.0
0.66
80.67
2013
 
36,258
1.014
35,774
252.5
-0.61
80.76
2014
 
37,384
1.029
36,335
256.4
1.57
79.51
2015
 
38,954
1.031
37,777
266.6
3.97
79.68
2016
 
39,525
1.041
37,951
267.8
0.46
79.35
2017
 
40,864
1.061
38,533
271.9
1.53
78.87
2018
 
42,328
1.083
39,078
275.8
1.41
78.24
2019
 
43,996
1.099
40,025
282.4
2.42
78.50
2020
 
46,479
1.112
41,788
294.9
4.41
78.10
Source: Calculations by the Alabama Regional Economic Analysis Project (AL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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, 1969-2020
 
1969
 
3,931
0.200
19,677
100.0
N
1970
 
4,198
0.209
20,076
102.0
2.03
1971
 
4,471
0.218
20,510
104.2
2.16
1972
 
4,857
0.225
21,546
109.5
5.05
1973
 
5,363
0.238
22,575
114.7
4.78
1974
 
5,836
0.262
22,248
113.1
-1.45
1975
 
6,324
0.284
22,255
113.1
0.03
1976
 
6,875
0.300
22,937
116.6
3.06
1977
 
7,516
0.319
23,543
119.6
2.64
1978
 
8,356
0.341
24,472
124.4
3.95
1979
 
9,232
0.372
24,832
126.2
1.47
1980
 
10,180
0.412
24,720
125.6
-0.45
1981
 
11,300
0.449
25,183
128.0
1.87
1982
 
11,999
0.474
25,335
128.8
0.60
1983
 
12,698
0.494
25,716
130.7
1.50
1984
 
13,906
0.512
27,138
137.9
5.53
1985
 
14,755
0.530
27,823
141.4
2.52
1986
 
15,490
0.542
28,588
145.3
2.75
1987
 
16,289
0.559
29,163
148.2
2.01
1988
 
17,455
0.580
30,076
152.8
3.13
1989
 
18,676
0.606
30,833
156.7
2.52
1990
 
19,621
0.632
31,030
157.7
0.64
1991
 
20,030
0.653
30,653
155.8
-1.22
1992
 
21,090
0.671
31,437
159.8
2.56
1993
 
21,733
0.688
31,608
160.6
0.54
1994
 
22,575
0.702
32,162
163.4
1.75
1995
 
23,607
0.717
32,939
167.4
2.42
1996
 
24,771
0.732
33,838
172.0
2.73
1997
 
25,993
0.745
34,900
177.4
3.14
1998
 
27,557
0.751
36,708
186.6
5.18
1999
 
28,693
0.762
37,673
191.5
2.63
2000
 
30,672
0.781
39,278
199.6
4.26
2001
 
31,617
0.797
39,692
201.7
1.05
2002
 
31,839
0.807
39,452
200.5
-0.60
2003
 
32,717
0.824
39,706
201.8
0.64
2004
 
34,280
0.844
40,595
206.3
2.24
2005
 
35,868
0.869
41,286
209.8
1.70
2006
 
38,120
0.893
42,677
216.9
3.37
2007
 
39,883
0.916
43,534
221.2
2.01
2008
 
41,026
0.943
43,495
221.0
-0.09
2009
 
39,356
0.941
41,841
212.6
-3.80
2010
 
40,690
0.957
42,497
216.0
1.57
2011
 
42,783
0.982
43,580
221.5
2.55
2012
 
44,614
1.000
44,614
226.7
2.37
2013
 
44,894
1.014
44,294
225.1
-0.72
2014
 
47,017
1.029
45,698
232.2
3.17
2015
 
48,891
1.031
47,414
241.0
3.76
2016
 
49,812
1.041
47,828
243.1
0.87
2017
 
51,811
1.061
48,855
248.3
2.15
2018
 
54,098
1.083
49,943
253.8
2.23
2019
 
56,047
1.099
50,988
259.1
2.09
2020
 
59,510
1.112
53,504
271.9
4.93
Source: Calculations by the Alabama Regional Economic Analysis Project (AL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_700_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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