Lauderdale County vs. Mississippi
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Lauderdale County vs. Mississippi
Lauderdale County:
2022 PCI = $47,116
2022 Percent of State = 101.61%
Mississippi:
2022 PCI = $46,370
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.
Lauderdale County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Lauderdale County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Lauderdale 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 Lauderdale County over time.
When measured in current dollars, Lauderdale County's per capita personal income increased 1,277.17%, from $3,421 in 1970 to $47,116 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 134.58%, from $17,309 in 1970 to $40,602 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Lauderdale County's and Mississippi'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, Lauderdale County's real per capita personal income rose from $16,493 in 1969 to $40,602 in 2022, for a net gain of $24,109, or 146.18%. In comparison, Mississippi's real per capita personal income advanced from $13,217 in 1969 to $39,959 in 2022, for a net gain of $26,742, or 202.33%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Lauderdale County's real per capita personal income growth in a broader context by offering direct comparisons across time with Mississippi, 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.
Lauderdale County's overall real per capita personal income growth was 146.18% over 1969-2022 trailed Mississippi's increase of 202.33%, 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 Lauderdale County and Mississippi per capita personal income as a percent of the national average over 1969-2022.
In 1969, Lauderdale County's per capita personal income amounted to 79.23% of the national average; in 2022, it approximated 71.97%. Similarly, in 1969, Mississippi's per capita personal income totaled 63.50% of the national average; in 2022, it consisted of 70.83%.
Lauderdale County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Lauderdale County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Lauderdale 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, Lauderdale County's real per capita personal income grew at an annual rate of 1.74% over 1970-2022. The county recorded its highest growth in 2020 (8.72%) and recorded its lowest growth in 2022 (-6.09%). In 2022, Lauderdale County's real per capita personal income declined by -6.09%
Lauderdale County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Lauderdale 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 Lauderdale 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, Lauderdale County's annual real per capita personal income growth rate averaged 2.93%. It averaged 1.53% during the 1980s, 1.78% throughout the 1990s, 1.29% throughout the 2000s, 1.20% during the 2010s, 1.69% 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 Lauderdale County noted in the previous graph with the corresponding decade averages for Mississippi and the nation. As the chart reveals, Lauderdale County's average annual real per capita personal income growth fell below Mississippi's average throughout the 1970s (2.93% vs. 3.67%), lagged Mississippi's average in the 1980s (1.53% vs. 1.65%), fell below Mississippi's average in the 1990s (1.78% vs. 2.62%), recorded under Mississippi's average in the 2000s (1.29% vs. 1.71%), exceeded Mississippi's average in the 2010s (1.20% vs. 1.08%), and amounted to less than Mississippi's average over the 3 year period of the current decade, 2020-2022 (1.69% vs. 2.03%).
Finally, relative to nationwide real per capita personal income growth trends, Lauderdale County recorded above the nation in the 1970s (2.93% vs. 2.37%), fell below the nation in the 1980s (1.53% vs. 2.19%), fell under the nation in the 1990s (1.78% vs. 2.01%), outperformed the nation throughout the 2000s (1.29% vs. 1.10%), trailed the nation in the 2010s (1.20% vs. 1.97%), and lagged the nation over 2020-2022 (1.69% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.74
2.93
1.53
1.78
1.29
1.20
1.69
-6.09
 
2.14
3.67
1.65
2.62
1.71
1.08
2.03
-6.49
 
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.

   
 
Lauderdale County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,114
0.189
16,493
100.0
N
124.79
79.23
1970
 
3,421
0.198
17,309
104.9
4.94
125.05
81.50
1971
 
3,644
0.206
17,687
107.2
2.18
122.55
81.52
1972
 
4,031
0.213
18,920
114.7
6.97
121.16
83.00
1973
 
4,331
0.225
19,286
116.9
1.94
115.92
80.75
1974
 
4,739
0.248
19,116
115.9
-0.88
116.84
81.22
1975
 
5,214
0.269
19,411
117.7
1.54
119.59
82.45
1976
 
5,497
0.283
19,401
117.6
-0.05
112.47
79.95
1977
 
6,183
0.302
20,491
124.2
5.62
115.03
82.27
1978
 
7,016
0.323
21,736
131.8
6.08
118.57
83.96
1979
 
7,714
0.351
21,950
133.1
0.98
116.29
83.55
1980
 
8,356
0.389
21,465
130.1
-2.21
116.57
82.05
1981
 
9,149
0.424
21,571
130.8
0.49
114.27
81.03
1982
 
9,754
0.448
21,787
132.1
1.00
116.21
81.36
1983
 
10,341
0.467
22,155
134.3
1.69
118.24
81.42
1984
 
11,072
0.484
22,858
138.6
3.17
116.44
79.72
1985
 
11,730
0.501
23,401
141.9
2.38
117.60
79.55
1986
 
12,226
0.512
23,870
144.7
2.01
118.42
78.97
1987
 
12,687
0.528
24,028
145.7
0.66
116.23
78.18
1988
 
13,427
0.549
24,473
148.4
1.86
114.40
76.98
1989
 
14,615
0.573
25,523
154.7
4.29
115.01
78.33
1990
 
15,423
0.598
25,803
156.4
1.10
115.50
78.62
1991
 
15,957
0.618
25,831
156.6
0.11
114.20
79.59
1992
 
16,722
0.634
26,367
159.9
2.07
112.37
79.34
1993
 
17,465
0.650
26,870
162.9
1.91
111.56
80.44
1994
 
18,475
0.664
27,842
168.8
3.62
110.47
81.92
1995
 
19,146
0.678
28,259
171.3
1.50
109.60
81.21
1996
 
20,001
0.692
28,901
175.2
2.27
108.93
80.89
1997
 
20,912
0.704
29,702
180.1
2.77
108.81
80.66
1998
 
21,570
0.710
30,394
184.3
2.33
106.93
78.46
1999
 
21,913
0.720
30,435
184.5
0.13
105.96
76.64
2000
 
23,114
0.738
31,311
189.8
2.88
106.87
75.66
2001
 
23,974
0.753
31,837
193.0
1.68
105.12
75.99
2002
 
24,877
0.763
32,609
197.7
2.42
107.22
78.23
2003
 
25,777
0.779
33,092
200.6
1.48
107.13
78.93
2004
 
26,630
0.798
33,359
202.3
0.81
105.31
77.90
2005
 
27,463
0.821
33,439
202.7
0.24
102.79
76.99
2006
 
28,987
0.844
34,328
208.1
2.66
104.17
76.60
2007
 
29,818
0.866
34,429
208.7
0.29
101.31
75.32
2008
 
31,677
0.892
35,525
215.4
3.18
103.06
77.54
2009
 
30,720
0.889
34,548
209.5
-2.75
101.66
78.15
2010
 
30,933
0.905
34,175
207.2
-1.08
99.10
76.27
2011
 
31,953
0.928
34,431
208.8
0.75
98.46
74.92
2012
 
34,407
0.945
36,396
220.7
5.71
102.89
77.78
2013
 
34,833
0.958
36,367
220.5
-0.08
102.52
78.45
2014
 
34,954
0.971
35,991
218.2
-1.03
100.95
75.52
2015
 
35,407
0.973
36,389
220.6
1.11
100.87
73.67
2016
 
37,039
0.983
37,686
228.5
3.56
103.93
75.63
2017
 
37,061
1.000
37,061
224.7
-1.66
101.31
72.66
2018
 
37,890
1.020
37,130
225.1
0.19
100.71
71.08
2019
 
40,184
1.035
38,820
235.4
4.55
102.62
72.34
2020
 
44,162
1.046
42,205
255.9
8.72
103.88
74.66
2021
 
47,129
1.090
43,237
262.1
2.44
101.19
73.15
2022
 
47,116
1.160
40,602
246.2
-6.09
101.61
71.97
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-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.

   
 
Mississippi:
Per Capita Personal Income, 1969-2022
 
1969
 
2,496
0.189
13,217
100.0
N
63.50
1970
 
2,736
0.198
13,842
104.7
4.73
65.18
1971
 
2,974
0.206
14,432
109.2
4.26
66.52
1972
 
3,327
0.213
15,616
118.1
8.20
68.51
1973
 
3,736
0.225
16,638
125.9
6.55
69.66
1974
 
4,056
0.248
16,360
123.8
-1.67
69.51
1975
 
4,360
0.269
16,231
122.8
-0.79
68.94
1976
 
4,887
0.283
17,249
130.5
6.27
71.09
1977
 
5,375
0.302
17,813
134.8
3.27
71.52
1978
 
5,917
0.323
18,332
138.7
2.92
70.81
1979
 
6,634
0.351
18,876
142.8
2.96
71.85
1980
 
7,168
0.389
18,415
139.3
-2.44
70.39
1981
 
8,007
0.424
18,877
142.8
2.51
70.91
1982
 
8,394
0.448
18,749
141.9
-0.68
70.01
1983
 
8,746
0.467
18,738
141.8
-0.06
68.86
1984
 
9,509
0.484
19,630
148.5
4.76
68.46
1985
 
9,974
0.501
19,898
150.5
1.36
67.64
1986
 
10,324
0.512
20,157
152.5
1.30
66.68
1987
 
10,916
0.528
20,673
156.4
2.56
67.27
1988
 
11,737
0.549
21,393
161.9
3.48
67.29
1989
 
12,707
0.573
22,191
167.9
3.73
68.10
1990
 
13,353
0.598
22,339
169.0
0.67
68.06
1991
 
13,973
0.618
22,619
171.1
1.25
69.69
1992
 
14,881
0.634
23,463
177.5
3.73
70.60
1993
 
15,656
0.650
24,086
182.2
2.65
72.10
1994
 
16,724
0.664
25,203
190.7
4.63
74.16
1995
 
17,470
0.678
25,785
195.1
2.31
74.10
1996
 
18,360
0.692
26,531
200.7
2.89
74.26
1997
 
19,219
0.704
27,297
206.5
2.89
74.13
1998
 
20,173
0.710
28,425
215.1
4.14
73.37
1999
 
20,681
0.720
28,723
217.3
1.05
72.33
2000
 
21,628
0.738
29,298
221.7
2.00
70.79
2001
 
22,806
0.753
30,285
229.1
3.37
72.29
2002
 
23,202
0.763
30,412
230.1
0.42
72.96
2003
 
24,060
0.779
30,888
233.7
1.57
73.67
2004
 
25,287
0.798
31,677
239.7
2.55
73.98
2005
 
26,716
0.821
32,530
246.1
2.69
74.90
2006
 
27,827
0.844
32,954
249.3
1.30
73.53
2007
 
29,432
0.866
33,983
257.1
3.12
74.35
2008
 
30,736
0.892
34,469
260.8
1.43
75.23
2009
 
30,220
0.889
33,985
257.1
-1.40
76.88
2010
 
31,213
0.905
34,484
260.9
1.47
76.96
2011
 
32,454
0.928
34,970
264.6
1.41
76.09
2012
 
33,441
0.945
35,375
267.6
1.16
75.59
2013
 
33,976
0.958
35,473
268.4
0.28
76.52
2014
 
34,624
0.971
35,650
269.7
0.50
74.80
2015
 
35,100
0.973
36,074
272.9
1.19
73.03
2016
 
35,638
0.983
36,260
274.3
0.52
72.77
2017
 
36,580
1.000
36,580
276.8
0.88
71.72
2018
 
37,624
1.020
36,870
279.0
0.79
70.58
2019
 
39,157
1.035
37,828
286.2
2.60
70.49
2020
 
42,513
1.046
40,630
307.4
7.41
71.87
2021
 
46,577
1.090
42,730
323.3
5.17
72.29
2022
 
46,370
1.160
39,959
302.3
-6.49
70.83
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-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 Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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