Introduction
Stevens County vs. Washington
Stevens County:
2019 PCI = $40,863
2019 Percent of State = 63.1%
Washington:
2019 PCI = $64,758
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.
Page 2 of 13
Stevens County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Stevens County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Stevens County's annual per capita personal income over 1970-2019 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 Stevens County over time.
When measured in current dollars, Stevens County's per capita personal income increased 1,161.9%, from $3,238 in 1970 to $40,863 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 140.7%, from $15,457 in 1970 to $37,199 in 2019.
Page 3 of 13
Real Per Capita Personal Income, 1969-2019
Real Per Capita Personal Income, 1969-2019
Figure 2.
Figure 2 traces Stevens County's and Washington's annual real per capita personal income for the period 1969-2019 to illustrate real per capita personal income patterns over time. During this 51-year period, Stevens County's real per capita personal income rose from $16,121 in 1969 to $37,199 in 2019, for a net gain of $21,078, or 130.8%. In comparison, Washington's real per capita personal income advanced from $21,276 in 1969 to $58,951 in 2019, for a net advance of $37,675, or 177.1%.
Page 4 of 13
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Stevens County's real per capita personal income growth in a broader context by offering direct comparisons across time with Washington, 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.
Stevens County's overall real per capita personal income growth was 130.8% over 1969-2019 trailed Washington's increase of 177.1%, and fell below the United States' increase of 161.9%.
Page 5 of 13
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Stevens County and Washington per capita personal income as a percent of the national average over 1969-2019.
In 1969, Stevens County's per capita personal income amounted to 82.1% of the national average; in 2019, it approximated 72.3%. Similarly, in 1969, Washington's per capita personal income totaled 108.3% of the national average; in 2019, it consisted of 114.6%.
Page 6 of 13
Stevens County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Stevens County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 shows the short-run pattern of Stevens County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Stevens County's real per capita personal income grew at an annual rate of 1.74% over 1970-2019. The county posted its highest growth in 1977 (9.57%) and posted its lowest growth in 1980 (-10.39%). In 2019, Stevens County's real per capita personal income grew by 2.01%
Page 7 of 13
Stevens County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Stevens County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
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 depicts the annual percent change in Stevens 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 2010-2019.
During the 1970s, Stevens County's annual real per capita personal income growth rate averaged 3.13%. It averaged -0.16% throughout the 1980s, 1.69% throughout the 1990s, 2.09% during the 2000s, and 1.93% thus far this decade (2010 to 2019).
Page 8 of 13
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 Stevens County noted in the previous graph with the corresponding decade averages for Washington and the nation. As the chart reveals, Stevens County's average annual real per capita personal income growth surpassed Washington's average in the 1970s (3.13% vs. 2.53%), lagged Washington's average in the 1980s (-0.16% vs. 1.42%), amounted to less than Washington's average throughout the 1990s (1.69% vs. 2.68%), outpaced Washington's average in the 2000s (2.09% vs. 0.94%), and recorded under Washington's average over the 10 year period of the last decade, 2010-2019 (1.93% vs. 2.85%).
Finally, relative to nationwide real per capita personal income growth trends, Stevens County outperformed the nation throughout the 1970s (3.13% vs. 2.37%), lagged the nation in the 1980s (-0.16% vs. 2.20%), trailed the nation during the 1990s (1.69% vs. 2.03%), topped the nation throughout the 2000s (2.09% vs. 1.09%), and trailed the nation over 2010-2019 (1.93% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.74
3.13
-0.16
1.69
2.09
1.93
2.01
 
2.08
2.53
1.42
2.68
0.94
2.85
2.57
 
1.96
2.37
2.20
2.03
1.09
2.11
1.93
 
   
Page 9 of 13

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

   
 
Stevens County:
Per Capita Personal Income, 1969-2019
 
1969
 
3,227
0.200
16,121
100.0
N
75.77
82.09
1970
 
3,238
0.210
15,457
95.9
-4.12
73.60
77.14
1971
 
3,615
0.218
16,550
102.7
7.07
78.67
80.86
1972
 
4,020
0.226
17,798
110.4
7.54
81.13
82.77
1973
 
4,481
0.238
18,825
116.8
5.77
81.00
83.55
1974
 
4,814
0.263
18,320
113.6
-2.68
78.26
82.50
1975
 
5,182
0.285
18,202
112.9
-0.64
75.86
81.95
1976
 
5,635
0.300
18,764
116.4
3.09
75.91
81.97
1977
 
6,576
0.320
20,559
127.5
9.57
81.57
87.50
1978
 
7,275
0.342
21,264
131.9
3.43
79.94
87.06
1979
 
8,102
0.373
21,749
134.9
2.28
79.77
87.75
1980
 
8,041
0.413
19,489
120.9
-10.39
72.25
78.99
1981
 
8,685
0.450
19,319
119.8
-0.87
71.59
76.86
1982
 
9,178
0.475
19,341
120.0
0.11
71.88
76.49
1983
 
10,055
0.495
20,324
126.1
5.09
74.19
79.19
1984
 
10,402
0.513
20,259
125.7
-0.32
72.37
74.80
1985
 
10,665
0.531
20,071
124.5
-0.93
70.70
72.28
1986
 
10,940
0.543
20,151
125.0
0.40
68.73
70.62
1987
 
10,968
0.560
19,599
121.6
-2.74
66.25
67.34
1988
 
12,054
0.582
20,730
128.6
5.77
68.44
69.06
1989
 
12,866
0.607
21,199
131.5
2.26
67.61
68.89
1990
 
13,259
0.634
20,929
129.8
-1.27
65.57
67.58
1991
 
14,184
0.655
21,663
134.4
3.51
67.13
70.81
1992
 
14,941
0.672
22,227
137.9
2.60
67.19
70.84
1993
 
15,707
0.689
22,800
141.4
2.58
68.71
72.27
1994
 
16,152
0.703
22,966
142.5
0.73
68.44
71.55
1995
 
16,104
0.718
22,426
139.1
-2.35
65.80
68.22
1996
 
16,672
0.733
22,730
141.0
1.36
64.37
67.30
1997
 
17,512
0.746
23,467
145.6
3.24
63.90
67.37
1998
 
18,554
0.752
24,668
153.0
5.12
62.83
67.33
1999
 
19,098
0.763
25,018
155.2
1.42
61.33
66.60
2000
 
20,161
0.782
25,770
159.9
3.01
61.26
65.76
2001
 
21,174
0.797
26,555
164.7
3.04
63.62
67.03
2002
 
21,598
0.808
26,734
165.8
0.67
64.51
67.85
2003
 
22,420
0.824
27,223
168.9
1.83
64.90
68.60
2004
 
23,609
0.844
27,969
173.5
2.74
64.44
68.93
2005
 
24,345
0.868
28,044
174.0
0.27
64.60
67.91
2006
 
25,773
0.892
28,902
179.3
3.06
63.86
67.62
2007
 
27,407
0.914
29,973
185.9
3.71
63.54
68.78
2008
 
28,976
0.942
30,767
190.9
2.65
65.03
70.84
2009
 
28,918
0.941
30,733
190.6
-0.11
68.92
73.61
2010
 
29,745
0.957
31,080
192.8
1.13
69.70
73.36
2011
 
30,823
0.981
31,410
194.8
1.06
68.99
72.12
2012
 
31,765
1.000
31,765
197.0
1.13
66.54
71.21
2013
 
32,761
1.013
32,326
200.5
1.77
67.83
73.03
2014
 
34,600
1.028
33,648
208.7
4.09
67.18
73.51
2015
 
35,590
1.030
34,539
214.3
2.65
66.07
72.61
2016
 
36,437
1.041
34,995
217.1
1.32
65.30
72.85
2017
 
37,583
1.060
35,461
220.0
1.33
64.31
72.11
2018
 
39,469
1.082
36,465
226.2
2.83
63.45
72.28
2019
 
40,863
1.099
37,199
230.8
2.01
63.10
72.34
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PSN
 
   
Page 10 of 13

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

   
 
Washington:
Per Capita Personal Income, 1969-2019
 
1969
 
4,258
0.200
21,276
100.0
N
108.34
1970
 
4,400
0.210
21,002
98.7
-1.29
104.82
1971
 
4,595
0.218
21,038
98.9
0.17
102.78
1972
 
4,955
0.226
21,938
103.1
4.28
102.02
1973
 
5,532
0.238
23,242
109.2
5.94
103.15
1974
 
6,152
0.263
23,410
110.0
0.72
105.42
1975
 
6,831
0.285
23,993
112.8
2.49
108.02
1976
 
7,424
0.300
24,720
116.2
3.03
107.98
1977
 
8,062
0.320
25,204
118.5
1.96
107.27
1978
 
9,101
0.342
26,601
125.0
5.54
108.91
1979
 
10,156
0.373
27,264
128.1
2.49
110.01
1980
 
11,130
0.413
26,974
126.8
-1.06
109.33
1981
 
12,133
0.450
26,987
126.8
0.05
107.37
1982
 
12,769
0.475
26,907
126.5
-0.30
106.41
1983
 
13,553
0.495
27,394
128.8
1.81
106.73
1984
 
14,373
0.513
27,994
131.6
2.19
103.35
1985
 
15,085
0.531
28,391
133.4
1.42
102.24
1986
 
15,917
0.543
29,319
137.8
3.27
102.76
1987
 
16,556
0.560
29,584
139.0
0.90
101.64
1988
 
17,613
0.582
30,289
142.4
2.38
100.91
1989
 
19,028
0.607
31,353
147.4
3.51
101.88
1990
 
20,222
0.634
31,919
150.0
1.81
103.07
1991
 
21,129
0.655
32,272
151.7
1.11
105.49
1992
 
22,237
0.672
33,082
155.5
2.51
105.44
1993
 
22,860
0.689
33,183
156.0
0.31
105.19
1994
 
23,600
0.703
33,557
157.7
1.13
104.54
1995
 
24,475
0.718
34,082
160.2
1.57
103.67
1996
 
25,898
0.733
35,310
166.0
3.60
104.55
1997
 
27,405
0.746
36,724
172.6
4.01
105.43
1998
 
29,531
0.752
39,262
184.5
6.91
107.17
1999
 
31,141
0.763
40,793
191.7
3.90
108.60
2000
 
32,909
0.782
42,064
197.7
3.12
107.35
2001
 
33,280
0.797
41,737
196.2
-0.78
105.35
2002
 
33,478
0.808
41,438
194.8
-0.71
105.17
2003
 
34,543
0.824
41,943
197.1
1.22
105.70
2004
 
36,636
0.844
43,402
204.0
3.48
106.96
2005
 
37,688
0.868
43,414
204.1
0.03
105.13
2006
 
40,359
0.892
45,259
212.7
4.25
105.89
2007
 
43,130
0.914
47,168
221.7
4.22
108.25
2008
 
44,558
0.942
47,312
222.4
0.30
108.94
2009
 
41,958
0.941
44,591
209.6
-5.75
106.81
2010
 
42,676
0.957
44,592
209.6
0.00
105.25
2011
 
44,676
0.981
45,527
214.0
2.10
104.53
2012
 
47,739
1.000
47,739
224.4
4.86
107.03
2013
 
48,296
1.013
47,655
224.0
-0.18
107.66
2014
 
51,502
1.028
50,084
235.4
5.10
109.41
2015
 
53,870
1.030
52,279
245.7
4.38
109.90
2016
 
55,802
1.041
53,593
251.9
2.51
111.57
2017
 
58,437
1.060
55,137
259.2
2.88
112.12
2018
 
62,209
1.082
57,474
270.1
4.24
113.92
2019
 
64,758
1.099
58,951
277.1
2.57
114.64
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PSN
 
   
Page 11 of 13

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, 1969-2019
 
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
 
40,547
0.957
42,366
215.7
1.48
2011
 
42,739
0.981
43,553
221.8
2.80
2012
 
44,605
1.000
44,605
227.1
2.42
2013
 
44,860
1.013
44,264
225.4
-0.76
2014
 
47,071
1.028
45,775
233.1
3.41
2015
 
49,019
1.030
47,571
242.2
3.92
2016
 
50,015
1.041
48,035
244.6
0.98
2017
 
52,118
1.060
49,175
250.4
2.37
2018
 
54,606
1.082
50,450
256.9
2.59
2019
 
56,490
1.099
51,424
261.9
1.93
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PN
 
   
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