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Index: Economy / Subcategory: Business

Per Capita Income

Date posted: 08/27/2008

Chart Directory:

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.

What this chart shows: Annual Per Capita Personal Income - United States, Colorado, and Larimer County, 1998-2007

Annual Per Capita Personal Income - United States, Colorado, and Larimer County, 1998-2007

*2007 Preliminary county data are available from the Bureau of Economic Analysis in 2009.

Data Sources: United States Department of Commerce, Bureau of Economic Analysis - Revised and Preliminary

See data table

What these data tell us:

Colorado per capital personal income consistently exceeded United States per capita income by 7.1 to 12.6 percent during 1998-2006. Larimer County per capita income has generally been just a little lower than United States levels. The 2002-2003 slow down in per capita personal income growth was much more pronounced for Colorado and Larimer County than for the United States. State and County growth resumed during 2004-2006, averaging about 5% annually. Preliminary data indicate 2007 growth rates were slower than in 2006.

Colorado's per capita personal income for 2007 ranked tenth highest among states in 2007 even though it had the sixth lowest annual growth rate.

What this chart shows: Per Capita Income - Larimer County Cities and Towns, Census 2000

Per Capita Income - Larimer County Cities and Towns, Census 2000

Data Source: United States Census 2000

See data table

What these data tell us:

In 1999, Estes Park had the highest per capita income in Larimer County at $30,499 and Wellington had the lowest at $17,783. Per capita income is derived from dividing personal income by population. Towns such as Wellington that currently have a higher percentage of children (who earn no personal income), will have a lower per capita income (see Population by Age).

What this chart shows: Per Capita Income of Colorado's 10 Most Populous Counties, 2006

Per Capita Income of Colorado's 10 Most Populous Counties, 2006

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

See data table

What these data tell us:

Among the ten most populous Colorado counties, Larimer County ranked sixth highest for annual per capita personal income in 2006. 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 19th out of 64. 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 $86,122. Crowley County in south east Colorado had the lowest annual per capita income at $16,859.

Additional Information:

On Compass -

Outside Compass -

Standards or Targets: N/A

Data Tables: For sources, see spreadsheet.

Annual Per Capita Personal Income

United States

Colorado

Larimer County

1992

$20,854

$21,109

$18,898

1993

$21,346

$22,054

$19,812

1994

$22,172

$23,004

$20,621

1995

$23,076

$24,226

$21,843

1996

$24,175

$25,570

$23,359

1997

$25,334

$26,846

$24,865

1998

$26,883

$28,784

$26,093

1999

$27,939

$30,492

$27,369

2000

$29,845

$33,361

$30,248

2001

$30,574

$34,438

$31,306

2002

$30,821

$33,956

$31,097

2003

$31,504

$33,989

$30,727

2004

$33,123

$35,523

$32,130

2005

$34,757

$37,600

$33,886

2006

$36,714

$39,491

$35,397

2007*

$38,611

$41,042

*

*2007 County data are not available from the Bureau of Economic Analysis until 2009.

See chart

Per Capita Income Larimer County Cities and Towns, 2000 Census

Per Capita Income

Berthoud

$25,037

Campion

$21,812

Estes Park

$30,499

Fort Collins

$22,133

Loveland

$21,889

Red Feather Lakes

$19,231

Timnath

$27,089

Wellington

$17,783

See chart

Per Capita Income - Colorado's 10 Most Populous Counties, 2006

 

Per Capita

Income

Per Capita Income Ranking

Population

Colorado

$39,491

4,766,248

Denver

$50,193

1

575,817

Boulder

$49,628

2

286,125

Arapahoe

$49,458

3

534,204

Douglas

$49,303

4

259,727

Jefferson

$44,987

5

525,243

Larimer

$35,397

6

281,620

El Paso

$34,189

7

580,951

Adams

$29,783

8

412,078

Pueblo

$26,363

9

152,081

Weld

$26,002

10

235,366

See chart