Bennington County vs. Vermont
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Bennington County vs. Vermont
Bennington County:
2022 PCI = $60,136
2022 Percent of State = 95.39%
Vermont:
2022 PCI = $63,039
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.
Bennington County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Bennington County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Bennington 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 Bennington County over time.
When measured in current dollars, Bennington County's per capita personal income increased 1,406.17%, from $3,993 in 1970 to $60,136 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 156.55%, from $20,200 in 1970 to $51,822 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Bennington County's and Vermont'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, Bennington County's real per capita personal income rose from $19,995 in 1969 to $51,822 in 2022, for a net gain of $31,828, or 159.18%. In comparison, Vermont's real per capita personal income advanced from $18,365 in 1969 to $54,324 in 2022, for a net advance of $35,959, or 195.81%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Bennington County's real per capita personal income growth in a broader context by offering direct comparisons across time with Vermont, 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.
Bennington County's overall real per capita personal income growth was 159.18% over 1969-2022 trailed Vermont's increase of 195.81%, and fell below 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 displays the trends for per capita personal income relative to the national average by tracing Bennington County and Vermont per capita personal income as a percent of the national average over 1969-2022.
In 1969, Bennington County's per capita personal income amounted to 96.06% of the national average; in 2022, it approximated 91.85%. Similarly, in 1969, Vermont's per capita personal income totaled 88.23% of the national average; in 2022, it consisted of 96.29%.
Bennington County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Bennington County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Bennington 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, Bennington County's real per capita personal income grew at an annual rate of 1.86% over 1970-2022. The county recorded its highest growth in 1972 (10.59%) and posted its lowest growth in 1974 (-5.43%). In 2022, Bennington County's real per capita personal income declined by -3.30%
Bennington County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Bennington 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 shows the annual percent change in Bennington 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, 2010s, and 2020-2022.
During the 1970s, Bennington County's annual real per capita personal income growth rate averaged 2.49%. It averaged 2.52% in the 1980s, 1.99% during the 1990s, 1.26% in the 2000s, 1.42% throughout the 2010s, 0.61% 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 Bennington County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Bennington County's average annual real per capita personal income growth recorded above Vermont's average during the 1970s (2.49% vs. 2.12%), posted below Vermont's average throughout the 1980s (2.52% vs. 3.23%), led Vermont's average in the 1990s (1.99% vs. 1.95%), trailed Vermont's average throughout the 2000s (1.26% vs. 1.94%), posted below Vermont's average during the 2010s (1.42% vs. 1.46%), and lagged Vermont's average over the 3 year period of the current decade, 2020-2022 (0.61% vs. 1.27%).
Finally, relative to nationwide real per capita personal income growth trends, Bennington County outgained the nation during the 1970s (2.49% vs. 2.37%), outpaced the nation during the 1980s (2.52% vs. 2.19%), fell below the nation throughout the 1990s (1.99% vs. 2.01%), recorded above the nation over the 2000s (1.26% vs. 1.10%), fell under the nation over the 2010s (1.42% vs. 1.97%), and fell below the nation over 2020-2022 (0.61% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.86
2.49
2.52
1.99
1.26
1.42
0.61
-3.30
 
2.09
2.12
3.23
1.95
1.94
1.46
1.27
-3.27
 
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.

   
 
Bennington County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,776
0.189
19,995
100.0
N
108.88
96.06
1970
 
3,993
0.198
20,200
101.0
1.02
107.10
95.11
1971
 
4,357
0.206
21,143
105.7
4.67
109.83
97.45
1972
 
4,982
0.213
23,382
116.9
10.59
116.03
102.58
1973
 
5,277
0.225
23,502
117.5
0.51
113.22
98.40
1974
 
5,510
0.248
22,226
111.2
-5.43
110.29
94.43
1975
 
5,932
0.269
22,085
110.5
-0.64
109.84
93.80
1976
 
6,559
0.283
23,148
115.8
4.81
110.63
95.40
1977
 
6,975
0.302
23,114
115.6
-0.15
110.02
92.81
1978
 
7,958
0.323
24,657
123.3
6.68
110.97
95.24
1979
 
8,910
0.351
25,354
126.8
2.83
112.23
96.51
1980
 
9,732
0.389
25,001
125.0
-1.40
110.68
95.57
1981
 
10,769
0.424
25,390
127.0
1.56
109.70
95.38
1982
 
11,615
0.448
25,943
129.8
2.18
109.80
96.87
1983
 
12,368
0.467
26,497
132.5
2.13
109.58
97.38
1984
 
13,256
0.484
27,367
136.9
3.29
107.74
95.44
1985
 
14,000
0.501
27,928
139.7
2.05
105.54
94.94
1986
 
14,754
0.512
28,806
144.1
3.14
104.16
95.30
1987
 
15,666
0.528
29,669
148.4
3.00
103.55
96.54
1988
 
16,934
0.549
30,865
154.4
4.03
103.84
97.09
1989
 
18,589
0.573
32,464
162.4
5.18
104.69
99.63
1990
 
18,986
0.598
31,763
158.9
-2.16
104.17
96.78
1991
 
19,278
0.618
31,207
156.1
-1.75
104.32
96.15
1992
 
20,440
0.634
32,229
161.2
3.27
104.27
96.98
1993
 
21,134
0.650
32,514
162.6
0.89
104.71
97.33
1994
 
22,039
0.664
33,213
166.1
2.15
105.27
97.73
1995
 
22,526
0.678
33,246
166.3
0.10
103.15
95.54
1996
 
23,347
0.692
33,737
168.7
1.47
102.33
94.42
1997
 
24,904
0.704
35,372
176.9
4.85
103.59
96.06
1998
 
27,535
0.710
38,799
194.0
9.69
106.95
100.15
1999
 
28,315
0.720
39,325
196.7
1.36
104.87
99.03
2000
 
30,278
0.738
41,014
205.1
4.30
104.40
99.11
2001
 
32,260
0.753
42,841
214.3
4.45
105.07
102.26
2002
 
32,065
0.763
42,031
210.2
-1.89
102.79
100.83
2003
 
32,839
0.779
42,158
210.8
0.30
101.72
100.55
2004
 
34,790
0.798
43,582
218.0
3.38
102.46
101.78
2005
 
34,623
0.821
42,158
210.8
-3.27
100.15
97.07
2006
 
37,116
0.844
43,956
219.8
4.26
101.39
98.08
2007
 
39,365
0.866
45,452
227.3
3.41
102.00
99.44
2008
 
41,608
0.892
46,662
233.4
2.66
102.04
101.85
2009
 
39,398
0.889
44,307
221.6
-5.05
97.62
100.23
2010
 
40,400
0.905
44,634
223.2
0.74
97.37
99.61
2011
 
42,811
0.928
46,130
230.7
3.35
97.84
100.38
2012
 
43,688
0.945
46,214
231.1
0.18
97.39
98.76
2013
 
43,618
0.958
45,539
227.8
-1.46
96.29
98.24
2014
 
45,433
0.971
46,780
234.0
2.72
96.88
98.15
2015
 
46,479
0.973
47,769
238.9
2.12
96.59
96.71
2016
 
47,373
0.983
48,200
241.1
0.90
97.01
96.74
2017
 
48,807
1.000
48,807
244.1
1.26
97.59
95.69
2018
 
50,440
1.020
49,429
247.2
1.27
97.58
94.62
2019
 
52,756
1.035
50,966
254.9
3.11
97.23
94.97
2020
 
55,683
1.046
53,216
266.2
4.42
96.04
94.13
2021
 
58,412
1.090
53,588
268.0
0.70
95.42
90.66
2022
 
60,136
1.160
51,822
259.2
-3.30
95.39
91.85
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-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.

   
 
Vermont:
Per Capita Personal Income, 1969-2022
 
1969
 
3,468
0.189
18,365
100.0
N
88.23
1970
 
3,728
0.198
18,861
102.7
2.70
88.81
1971
 
3,967
0.206
19,251
104.8
2.07
88.73
1972
 
4,294
0.213
20,152
109.7
4.68
88.41
1973
 
4,661
0.225
20,758
113.0
3.00
86.91
1974
 
4,996
0.248
20,153
109.7
-2.91
85.62
1975
 
5,401
0.269
20,107
109.5
-0.23
85.40
1976
 
5,928
0.283
20,923
113.9
4.06
86.23
1977
 
6,339
0.302
21,008
114.4
0.41
84.35
1978
 
7,171
0.323
22,219
121.0
5.76
85.82
1979
 
7,939
0.351
22,591
123.0
1.67
85.99
1980
 
8,793
0.389
22,587
123.0
-0.01
86.34
1981
 
9,817
0.424
23,144
126.0
2.46
86.94
1982
 
10,578
0.448
23,627
128.7
2.09
88.22
1983
 
11,286
0.467
24,180
131.7
2.34
88.86
1984
 
12,305
0.484
25,402
138.3
5.06
88.59
1985
 
13,265
0.501
26,463
144.1
4.18
89.96
1986
 
14,165
0.512
27,655
150.6
4.50
91.49
1987
 
15,128
0.528
28,651
156.0
3.60
93.22
1988
 
16,307
0.549
29,723
161.8
3.74
93.50
1989
 
17,757
0.573
31,010
168.9
4.33
95.17
1990
 
18,226
0.598
30,491
166.0
-1.68
92.90
1991
 
18,479
0.618
29,914
162.9
-1.89
92.16
1992
 
19,602
0.634
30,908
168.3
3.32
93.00
1993
 
20,184
0.650
31,052
169.1
0.47
92.96
1994
 
20,936
0.664
31,551
171.8
1.61
92.83
1995
 
21,837
0.678
32,230
175.5
2.15
92.62
1996
 
22,816
0.692
32,969
179.5
2.29
92.28
1997
 
24,042
0.704
34,148
185.9
3.57
92.74
1998
 
25,747
0.710
36,280
197.6
6.24
93.65
1999
 
27,000
0.720
37,499
204.2
3.36
94.43
2000
 
29,002
0.738
39,287
213.9
4.77
94.93
2001
 
30,704
0.753
40,774
222.0
3.79
97.32
2002
 
31,194
0.763
40,888
222.6
0.28
98.09
2003
 
32,282
0.779
41,444
225.7
1.36
98.85
2004
 
33,955
0.798
42,535
231.6
2.63
99.33
2005
 
34,573
0.821
42,097
229.2
-1.03
96.93
2006
 
36,609
0.844
43,355
236.1
2.99
96.74
2007
 
38,595
0.866
44,563
242.7
2.79
97.49
2008
 
40,774
0.892
45,727
249.0
2.61
99.81
2009
 
40,358
0.889
45,386
247.1
-0.74
102.67
2010
 
41,492
0.905
45,840
249.6
1.00
102.30
2011
 
43,756
0.928
47,148
256.7
2.85
102.59
2012
 
44,861
0.945
47,455
258.4
0.65
101.41
2013
 
45,298
0.958
47,294
257.5
-0.34
102.02
2014
 
46,897
0.971
48,287
262.9
2.10
101.32
2015
 
48,120
0.973
49,455
269.3
2.42
100.12
2016
 
48,831
0.983
49,684
270.5
0.46
99.71
2017
 
50,011
1.000
50,011
272.3
0.66
98.05
2018
 
51,692
1.020
50,655
275.8
1.29
96.97
2019
 
54,257
1.035
52,415
285.4
3.48
97.68
2020
 
57,978
1.046
55,410
301.7
5.71
98.01
2021
 
61,214
1.090
56,159
305.8
1.35
95.01
2022
 
63,039
1.160
54,324
295.8
-3.27
96.29
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-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 Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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