Caledonia County vs. Vermont
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2018
Introduction
Caledonia County:
2018 PCI = $41,246
2018 Percent of State = 76.1%
Vermont:
2018 PCI = $54,173
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.
Caledonia County Per Capita Personal Income, 1970-2018
Current vs. Constant Dollars
Caledonia County Per Capita Personal Income, 1970-2018
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Caledonia County's annual per capita personal income over 1970-2018 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 Caledonia County over time.
When measured in current dollars, Caledonia County's per capita personal income increased 1,111.3%, from $3,405 in 1970 to $41,246 in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 134.7%, from $16,252 in 1970 to $38,140 in 2018.
Real Per Capita Personal Income, 1969-2018
Real Per Capita Personal Income, 1969-2018
Figure 2.
Figure 2 traces Caledonia County's and Vermont's annual real per capita personal income for the period 1969-2018 to illustrate real per capita personal income patterns over time. During this 50-year period, Caledonia County's real per capita personal income rose from $15,790 in 1969 to $38,140 in 2018, for a net gain of $22,350, or 141.5%. In comparison, Vermont's real per capita personal income advanced from $17,326 in 1969 to $50,094 in 2018, for a net gain of $32,768, or 189.1%.
Real Per Capita Personal Income Indices (1969=100): 1969-2018
Real Per Capita Personal Income Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays Caledonia 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.
Caledonia County's overall real per capita personal income growth was 141.5% over 1969-2018 trailed Vermont's increase of 189.1%, and fell below the United States' increase of 156.4%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2018
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2018
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Caledonia County and Vermont per capita personal income as a percent of the national average over 1969-2018.
In 1969, Caledonia County's per capita personal income amounted to 80.4% of the national average; in 2018, it approximated 75.8%. Similarly, in 1969, Vermont's per capita personal income totaled 88.2% of the national average; in 2018, it consisted of 99.5%.
Caledonia County Real Per Capita Personal Income:
Annual Percent Change, 1970-2018
Caledonia County Real Per Capita Personal Income:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 shows the short-run pattern of Caledonia County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-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, Caledonia County's real per capita personal income grew at an annual rate of 1.85% over 1970-2018. The county posted its highest growth in 2000 (7.57%) and posted its lowest growth in 1974 (-4.37%). In 2018, Caledonia County's real per capita personal income grew by 1.31%
Caledonia County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
Caledonia County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
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 Caledonia 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 2010-2018.
During the 1970s, Caledonia County's annual real per capita personal income growth rate averaged 1.71%. It averaged 2.88% in the 1980s, 1.69% during the 1990s, 1.67% during the 2000s, and 1.24% thus far this decade (2010 to 2018).
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 Caledonia County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Caledonia County's average annual real per capita personal income growth posted below Vermont's average throughout the 1970s (1.71% vs. 2.12%), trailed Vermont's average during the 1980s (2.88% vs. 3.24%), trailed Vermont's average throughout the 1990s (1.69% vs. 1.97%), amounted to less than Vermont's average throughout the 2000s (1.67% vs. 1.90%), and recorded under Vermont's average over the 9 year period of the last decade, 2010-2018 (1.24% vs. 1.77%).
Finally, relative to nationwide real per capita personal income growth trends, Caledonia County posted below the nation during the 1970s (1.71% vs. 2.37%), exceeded the nation during the 1980s (2.88% vs. 2.20%), fell below the nation throughout the 1990s (1.69% vs. 2.03%), topped the nation over the 2000s (1.67% vs. 1.09%), and fell under the nation over 2010-2018 (1.24% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.85
1.71
2.88
1.69
1.67
1.24
1.31
 
2.21
2.12
3.24
1.97
1.90
1.77
2.09
 
1.96
2.37
2.20
2.03
1.09
2.11
2.79
 
   

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

   
 
Caledonia County:
Per Capita Personal Income, 1969-2018
 
1969
 
3,160
0.200
15,790
100.0
N
91.13
80.40
1970
 
3,405
0.210
16,252
102.9
2.93
91.33
81.11
1971
 
3,703
0.218
16,956
107.4
4.33
93.36
82.84
1972
 
4,004
0.226
17,727
112.3
4.55
93.24
82.44
1973
 
4,423
0.238
18,584
117.7
4.83
94.90
82.48
1974
 
4,670
0.263
17,771
112.5
-4.37
93.47
80.03
1975
 
4,997
0.285
17,550
111.1
-1.24
92.52
79.01
1976
 
5,654
0.300
18,827
119.2
7.27
95.38
82.24
1977
 
5,972
0.320
18,672
118.3
-0.82
94.21
79.47
1978
 
6,487
0.342
18,961
120.1
1.55
90.45
77.63
1979
 
6,926
0.373
18,593
117.8
-1.94
87.24
75.02
1980
 
7,683
0.413
18,620
117.9
0.14
87.40
75.47
1981
 
8,582
0.450
19,088
120.9
2.51
87.29
75.94
1982
 
9,294
0.475
19,585
124.0
2.60
87.68
77.46
1983
 
9,892
0.495
19,995
126.6
2.09
87.62
77.90
1984
 
10,660
0.513
20,763
131.5
3.84
86.43
76.66
1985
 
11,492
0.531
21,628
137.0
4.16
86.51
77.89
1986
 
12,264
0.543
22,590
143.1
4.45
86.47
79.17
1987
 
13,051
0.560
23,320
147.7
3.23
85.80
80.12
1988
 
13,909
0.582
23,919
151.5
2.57
85.18
79.69
1989
 
14,976
0.607
24,676
156.3
3.17
84.22
80.19
1990
 
15,247
0.634
24,066
152.4
-2.48
83.62
77.71
1991
 
15,384
0.655
23,497
148.8
-2.36
83.32
76.81
1992
 
16,937
0.672
25,197
159.6
7.23
86.29
80.31
1993
 
16,743
0.689
24,304
153.9
-3.54
82.81
77.04
1994
 
17,315
0.703
24,620
155.9
1.30
82.54
76.70
1995
 
18,065
0.718
25,156
159.3
2.18
82.54
76.52
1996
 
18,881
0.733
25,743
163.0
2.33
82.51
76.22
1997
 
19,933
0.746
26,711
169.2
3.76
83.06
76.68
1998
 
21,378
0.752
28,422
180.0
6.40
83.29
77.58
1999
 
22,154
0.763
29,021
183.8
2.11
81.71
77.26
2000
 
24,424
0.782
31,219
197.7
7.57
83.90
79.67
2001
 
24,620
0.797
30,876
195.5
-1.10
80.08
77.94
2002
 
24,968
0.808
30,905
195.7
0.10
79.92
78.44
2003
 
25,654
0.824
31,149
197.3
0.79
79.32
78.50
2004
 
26,676
0.844
31,603
200.1
1.46
78.20
77.89
2005
 
27,361
0.868
31,518
199.6
-0.27
78.23
76.32
2006
 
28,415
0.892
31,865
201.8
1.10
76.59
74.55
2007
 
30,550
0.914
33,411
211.6
4.85
78.32
76.67
2008
 
32,664
0.942
34,683
219.7
3.81
79.86
79.86
2009
 
32,125
0.941
34,141
216.2
-1.56
79.76
81.77
2010
 
33,020
0.957
34,501
218.5
1.06
79.67
81.44
2011
 
34,706
0.981
35,368
224.0
2.51
79.26
81.21
2012
 
35,661
1.000
35,661
225.8
0.83
78.62
79.96
2013
 
36,229
1.013
35,748
226.4
0.24
78.86
80.78
2014
 
37,439
1.028
36,409
230.6
1.85
78.32
79.56
2015
 
38,287
1.030
37,155
235.3
2.05
77.22
78.17
2016
 
39,252
1.041
37,710
238.8
1.49
77.27
78.71
2017
 
39,877
1.059
37,645
238.4
-0.17
76.72
76.86
2018
 
41,246
1.081
38,140
241.5
1.31
76.14
75.75
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 2019
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.

   
 
Vermont:
Per Capita Personal Income, 1969-2018
 
1969
 
3,468
0.200
17,326
100.0
N
88.23
1970
 
3,728
0.210
17,794
102.7
2.70
88.81
1971
 
3,967
0.218
18,162
104.8
2.06
88.73
1972
 
4,294
0.226
19,012
109.7
4.68
88.41
1973
 
4,661
0.238
19,583
113.0
3.00
86.91
1974
 
4,996
0.263
19,013
109.7
-2.91
85.62
1975
 
5,401
0.285
18,970
109.5
-0.22
85.40
1976
 
5,928
0.300
19,740
113.9
4.06
86.23
1977
 
6,339
0.320
19,819
114.4
0.40
84.35
1978
 
7,171
0.342
20,962
121.0
5.77
85.82
1979
 
7,940
0.373
21,314
123.0
1.68
86.00
1980
 
8,790
0.413
21,304
123.0
-0.05
86.35
1981
 
9,832
0.450
21,868
126.2
2.65
87.01
1982
 
10,600
0.475
22,335
128.9
2.14
88.33
1983
 
11,289
0.495
22,819
131.7
2.16
88.91
1984
 
12,335
0.513
24,024
138.7
5.28
88.70
1985
 
13,284
0.531
25,001
144.3
4.06
90.03
1986
 
14,182
0.543
26,123
150.8
4.49
91.56
1987
 
15,210
0.560
27,178
156.9
4.04
93.38
1988
 
16,328
0.582
28,079
162.1
3.32
93.54
1989
 
17,782
0.607
29,299
169.1
4.34
95.21
1990
 
18,233
0.634
28,779
166.1
-1.78
92.93
1991
 
18,465
0.655
28,203
162.8
-2.00
92.19
1992
 
19,627
0.672
29,200
168.5
3.53
93.06
1993
 
20,218
0.689
29,347
169.4
0.51
93.03
1994
 
20,977
0.703
29,827
172.1
1.63
92.92
1995
 
21,885
0.718
30,476
175.9
2.18
92.70
1996
 
22,883
0.733
31,198
180.1
2.37
92.38
1997
 
23,999
0.746
32,160
185.6
3.08
92.33
1998
 
25,667
0.752
34,124
197.0
6.11
93.14
1999
 
27,112
0.763
35,516
205.0
4.08
94.55
2000
 
29,109
0.782
37,208
214.7
4.76
94.95
2001
 
30,744
0.797
38,556
222.5
3.62
97.32
2002
 
31,241
0.808
38,669
223.2
0.29
98.14
2003
 
32,344
0.824
39,272
226.7
1.56
98.97
2004
 
34,113
0.844
40,413
233.2
2.91
99.60
2005
 
34,975
0.868
40,288
232.5
-0.31
97.56
2006
 
37,099
0.892
41,603
240.1
3.26
97.34
2007
 
39,006
0.914
42,659
246.2
2.54
97.90
2008
 
40,904
0.942
43,432
250.7
1.81
100.00
2009
 
40,275
0.941
42,803
247.0
-1.45
102.52
2010
 
41,444
0.957
43,304
249.9
1.17
102.21
2011
 
43,790
0.981
44,624
257.6
3.05
102.47
2012
 
45,356
1.000
45,356
261.8
1.64
101.70
2013
 
45,941
1.013
45,331
261.6
-0.06
102.43
2014
 
47,802
1.028
46,486
268.3
2.55
101.58
2015
 
49,582
1.030
48,117
277.7
3.51
101.23
2016
 
50,796
1.041
48,799
281.7
1.42
101.86
2017
 
51,976
1.059
49,067
283.2
0.55
100.18
2018
 
54,173
1.081
50,094
289.1
2.09
99.50
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 2019
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, 1969-2018
 
1969
 
3,931
0.200
19,638
100.0
N
1970
 
4,198
0.210
20,037
102.0
2.03
1971
 
4,471
0.218
20,469
104.2
2.16
1972
 
4,857
0.226
21,504
109.5
5.05
1973
 
5,363
0.238
22,532
114.7
4.78
1974
 
5,836
0.263
22,205
113.1
-1.45
1975
 
6,324
0.285
22,212
113.1
0.03
1976
 
6,875
0.300
22,893
116.6
3.06
1977
 
7,516
0.320
23,496
119.6
2.64
1978
 
8,356
0.342
24,425
124.4
3.95
1979
 
9,232
0.373
24,784
126.2
1.47
1980
 
10,180
0.413
24,672
125.6
-0.45
1981
 
11,300
0.450
25,134
128.0
1.87
1982
 
11,999
0.475
25,285
128.8
0.60
1983
 
12,698
0.495
25,666
130.7
1.51
1984
 
13,906
0.513
27,085
137.9
5.53
1985
 
14,755
0.531
27,769
141.4
2.52
1986
 
15,490
0.543
28,532
145.3
2.75
1987
 
16,289
0.560
29,106
148.2
2.01
1988
 
17,455
0.582
30,017
152.8
3.13
1989
 
18,676
0.607
30,773
156.7
2.52
1990
 
19,621
0.634
30,970
157.7
0.64
1991
 
20,030
0.655
30,593
155.8
-1.22
1992
 
21,090
0.672
31,376
159.8
2.56
1993
 
21,733
0.689
31,546
160.6
0.54
1994
 
22,575
0.703
32,099
163.4
1.75
1995
 
23,607
0.718
32,874
167.4
2.42
1996
 
24,771
0.733
33,773
172.0
2.73
1997
 
25,993
0.746
34,833
177.4
3.14
1998
 
27,557
0.752
36,637
186.6
5.18
1999
 
28,675
0.763
37,564
191.3
2.53
2000
 
30,657
0.782
39,186
199.5
4.32
2001
 
31,589
0.797
39,616
201.7
1.10
2002
 
31,832
0.808
39,401
200.6
-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
217.6
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
 
40,546
0.957
42,366
215.7
1.47
2011
 
42,735
0.981
43,549
221.8
2.79
2012
 
44,599
1.000
44,599
227.1
2.41
2013
 
44,851
1.013
44,255
225.4
-0.77
2014
 
47,058
1.028
45,763
233.0
3.41
2015
 
48,978
1.030
47,530
242.0
3.86
2016
 
49,870
1.041
47,910
244.0
0.80
2017
 
51,885
1.059
48,980
249.4
2.23
2018
 
54,446
1.081
50,347
256.4
2.79
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 2019
REAP_PI_CA1400_700_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, VT-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.