Index: Economy / Subcategory: Business

Per Capita Income

Date updated: 08/01/2013

The Bureau of Economic Analysis (BEA) calculates per capita personal income by dividing the personal income of the residents by the population of that area as of July 1 for the reference year. Personal income is calculated as the sum of wage and salary disbursements, such as labor income, personal dividend income, and personal interest income, less personal contributions for social insurance (i.e., Social Security, Medicare).

What this chart shows: Annual Per Capita Personal Income - United States, Colorado, and Larimer County, 2002-2011

Data Source: United States Department of Commerce, Bureau of Economic Analysis

See data table

What the above data tell us:

Colorado per capita personal income consistently exceeded United States per capita income by 2.7 to 11.6 percent between 2002 and 2011. The difference between Colorado and U.S. per capita income has been steadily declining over the past decade. Between 2002 and 2011, the difference between the two has declined 76.5%

The per capita income in Larimer County increased 22.1% since 2002, from $32,579 in 2002 to $39,767 in 2011. When adjusting for inflation to 2011 dollars, however, per capita income in the county has decreased by 2.4% since 2002.

What this chart shows: Per Capita Income - Larimer County Cities and Towns, 2007-2011 American Community Survey 5-Year Estimates

 

Data Source: United States Census

See data table

What the above data tell us:

According to the 2007-2011 American Community Survey 5-Year Estimates, Estes Park had the highest per capita income in Larimer County at $37,387 and Laporte had the lowest at $25,530. Per capita income is derived from dividing personal income by population. Cities such as Fort Collins, that have a higher percentage of students (who earn no or limited personal income), will often have a lower per capita income. (See Population by Age)

What this chart shows: Per Capita Income of Colorado's 10 Most Populous Counties, 2011

Data Source: United States Department of Commerce, Bureau of Economic Analysis

See data table

What the above data tell us:

Among the ten most populous Colorado counties, Larimer County ranked eighth highest for annual per capita personal income in 2011, dropping two places since 2010. The largest counties line the eastern front range of the Rocky Mountains.

When comparing the annual per capita income of all 64 Colorado counties, Larimer County ranked 31st out of 64 in 2011, dropping 6 places since 2010. Several mountain resort counties were ranked among the top ten; Pitkin County, home to the resort community of Vail, ranked number one with a per capita income of $79,086. Crowley County, in southeast Colorado, had the lowest annual per capita income at $16,752.

Additional Information:

Related Information on COMPASS -

Other Resources -

Industry Standards or Targets:

N/A

Data Tables: For sources, see spreadsheet.

Annual Per Capita Personal Income

United States

Colorado

Larimer County

Larimer County Inflation Adjusted

2002

$31,481

$35,131

$32,579

$40,735

2003

$32,295

$35,312

$32,063

$39,197

2004

$33,909

$36,849

$33,458

$39,841

2005

$35,452

$38,795

$35,008

$40,321

2006

$37,725

$41,181

$36,953

$41,231

2007

$39,506

$42,724

$38,929

$42,233

2008

$40,947

$44,180

$39,746

$41,525

2009

$38,846

$41,388

$37,655

$39,111

2010

$39,945

$42,295

$38,546

$39,312

2011

$41,560

$42,693

$39,767

$39,767

See chart

Per Capita Income Larimer County Cities and Towns
2007-2011 American Community Survey 5-Year Estimates

Per Capita Income

Berthoud

$31,591

Estes Park

$37,387

Fort Collins

$28,081

Laporte

$25,530

Loveland

$28,258

Red Feather Lakes

$26,928

Timnath

$36,587

Wellington

$27,658

See chart

Per Capita Income - Colorado's 10 Most Populous Counties, 2011

 

Per Capita

Income

Per Capita Income Ranking

Population

Colorado

---

5,116,796

El Paso

$39,909

7

636,963

Denver

$54,537

2

619,968

Arapahoe

$48,989

4

584,948

Jefferson

$45,179

5

539,884

Adams

$33,061

9

451,443

Larimer

$39,767

8

305,525

Boulder

$51,893

3

299,378

Douglas

$71,463

1

292,167

Weld

$39,986

6

258,638

Pueblo

$31,760

10

160,545

See chart