WASHINGTON
,
November 17, 2023
(press release)
–
Personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43 counties in 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion (table A). In metropolitan counties, the percent change in personal income ranged from 19.0 percent in Midland County, TX, to −16.8 percent in Crosby County, TX. In nonmetropolitan counties, it ranged from 53.6 percent in Towner County, ND, to −33.6 percent in Issaquena County, MS (BEA interactive data). Per capita personal income. In the metropolitan portion of the United States, per capita personal income—personal income divided by population—increased 1.7 percent in 2022, down from 8.9 percent in 2021. In the nonmetropolitan portion of the United States, per capita personal income increased 1.2 percent, also down from 8.9 percent. Table 1 presents estimates of per capita personal income by state and county. The county personal income estimates released today provide more geographic detail on the nation’s personal income for 2022. National estimates of personal income for 2022 were first released in February 2023, followed by preliminary state personal income estimates in March. The estimates released today provide the first glimpse of personal income for 2022 in counties and metropolitan statistical areas. Real personal income for states, metropolitan areas, and state metropolitan and nonmetropolitan portions of the United States will be released on December 14, 2023. Annual update of county and metropolitan area statistics The estimates for 2022 incorporate the results of BEA’s comprehensive update of personal income by county and metropolitan area that was also released today. The annual estimates of personal income by county and metropolitan area from 1979 to 2021 were revised. These updates incorporate new and revised source data that are more complete and more detailed than previously available, the results of the September 28, 2023, comprehensive update of the National Economic Accounts, and the results of the September 29, 2023, comprehensive update of state personal income. Our online journal, the Survey of Current Business, will include an article in 2024 describing the results of BEA’s comprehensive update of county and metropolitan area statistics. BEA also released new estimates of per capita personal income for 2022. BEA used U.S. Census Bureau (Census) population figures to calculate per capita personal income estimates for 2020 through 2022. For earlier estimates, BEA used intercensal population statistics that it developed based on Census methodology. See “Note on Per Capita Personal Income and Population.” Next release: November 14, 2024, at 8:30 a.m. EST
Personal Income by County and Metropolitan Area, 2023
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