Cheshire County vs. New Hampshire
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2018
Introduction
Cheshire County:
2018 PCI = $51,969
2018 Percent of State = 84.8%
New Hampshire:
2018 PCI = $61,294
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.
Cheshire County Per Capita Personal Income, 1969-2018
Current vs. Constant Dollars
Cheshire County Per Capita Personal Income, 1969-2018
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Cheshire County's annual per capita personal income over 1969-2018 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 Cheshire County over time.
When measured in current dollars, Cheshire County's per capita personal income increased 1,230.6%, from $3,906 in 1969 to $51,969 in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 146.3%, from $19,514 in 1969 to $48,056 in 2018.
Real Per Capita Personal Income, 1969-2018
Real Per Capita Personal Income, 1969-2018
Figure 2.
Figure 2 traces Cheshire County's and New Hampshire'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, Cheshire County's real per capita personal income rose from $19,514 in 1969 to $48,056 in 2018, for a net gain of $28,542, or 146.3%. In comparison, New Hampshire's real per capita personal income advanced from $19,194 in 1969 to $56,679 in 2018, for a net gain of $37,485, or 195.3%.
Real Per Capita Personal Income Indices (1969=100): 1969-2018
Real Per Capita Personal Income Indices (1969=100): 1969-2018
Figure 3.
Figure 3 shows Cheshire County's real per capita personal income growth in a broader context by offering direct comparisons across time with New Hampshire, 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.
Cheshire County's overall real per capita personal income growth was 146.3% over 1969-2018 trailed New Hampshire's increase of 195.3%, 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 portrays the trends for per capita personal income relative to the national average by tracing Cheshire County and New Hampshire per capita personal income as a percent of the national average over 1969-2018.
In 1969, Cheshire County's per capita personal income amounted to 99.4% of the national average; in 2018, it approximated 95.4%. Similarly, in 1969, New Hampshire's per capita personal income totaled 97.7% of the national average; in 2018, it consisted of 112.6%.
Cheshire County Real Per Capita Personal Income:
Annual Percent Change, 1970-2018
Cheshire County Real Per Capita Personal Income:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 highlights the short-run pattern of Cheshire 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, Cheshire County's real per capita personal income grew at an annual rate of 1.89% over 1970-2018. The county posted its highest growth in 1998 (7.93%) and posted its lowest growth in 1975 (-3.86%). In 2018, Cheshire County's real per capita personal income grew by 2.48%
Cheshire County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
Cheshire 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 depicts the annual percent change in Cheshire 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, and 2010-2018.
During the 1970s, Cheshire County's annual real per capita personal income growth rate averaged 1.33%. It averaged 3.13% in the 1980s, 1.94% during the 1990s, 1.39% in the 2000s, and 1.62% 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 Cheshire County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Cheshire County's average annual real per capita personal income growth amounted to less than New Hampshire's average during the 1970s (1.33% vs. 2.24%), recorded under New Hampshire's average throughout the 1980s (3.13% vs. 3.63%), amounted to less than New Hampshire's average during the 1990s (1.94% vs. 2.10%), led New Hampshire's average in the 2000s (1.39% vs. 1.38%), and recorded under New Hampshire's average over the 9 year period of the last decade, 2010-2018 (1.62% vs. 1.94%).
Finally, relative to nationwide real per capita personal income growth trends, Cheshire County lagged the nation in the 1970s (1.33% vs. 2.37%), outperformed the nation throughout the 1980s (3.13% vs. 2.20%), posted below the nation throughout the 1990s (1.94% vs. 2.03%), topped the nation throughout the 2000s (1.39% vs. 1.09%), and recorded underneath the nation over 2010-2018 (1.62% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.89
1.33
3.13
1.94
1.39
1.62
2.48
 
2.26
2.24
3.63
2.10
1.38
1.94
2.81
 
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.

   
 
Cheshire County:
Per Capita Personal Income, 1969-2018
 
1969
 
3,906
0.200
19,514
100.0
N
101.67
99.36
1970
 
4,048
0.210
19,322
99.0
-0.98
101.27
96.43
1971
 
4,262
0.218
19,513
100.0
0.99
100.88
95.33
1972
 
4,565
0.226
20,212
103.6
3.58
100.18
93.99
1973
 
5,053
0.238
21,231
108.8
5.04
100.96
94.23
1974
 
5,382
0.263
20,481
105.0
-3.53
99.56
92.23
1975
 
5,606
0.285
19,690
100.9
-3.86
96.89
88.65
1976
 
6,139
0.300
20,443
104.8
3.82
95.66
89.30
1977
 
6,681
0.320
20,888
107.0
2.18
94.77
88.90
1978
 
7,425
0.342
21,704
111.2
3.91
93.62
88.86
1979
 
8,261
0.373
22,176
113.6
2.17
92.86
89.48
1980
 
9,309
0.413
22,560
115.6
1.73
92.73
91.44
1981
 
10,412
0.450
23,159
118.7
2.65
92.72
92.14
1982
 
11,091
0.475
23,372
119.8
0.92
90.77
92.43
1983
 
11,831
0.495
23,913
122.5
2.32
89.16
93.17
1984
 
12,923
0.513
25,170
129.0
5.26
87.81
92.93
1985
 
13,733
0.531
25,846
132.5
2.69
86.40
93.08
1986
 
14,575
0.543
26,846
137.6
3.87
85.33
94.09
1987
 
15,690
0.560
28,036
143.7
4.43
85.44
96.33
1988
 
16,784
0.582
28,862
147.9
2.95
85.21
96.15
1989
 
18,298
0.607
30,149
154.5
4.46
88.46
97.97
1990
 
18,507
0.634
29,212
149.7
-3.11
89.48
94.32
1991
 
19,104
0.655
29,178
149.5
-0.12
89.12
95.37
1992
 
20,075
0.672
29,866
153.1
2.36
89.87
95.19
1993
 
20,508
0.689
29,768
152.5
-0.33
89.82
94.36
1994
 
21,831
0.703
31,041
159.1
4.28
90.63
96.70
1995
 
22,697
0.718
31,607
162.0
1.82
89.97
96.14
1996
 
23,666
0.733
32,266
165.4
2.09
89.85
95.54
1997
 
24,361
0.746
32,646
167.3
1.18
87.08
93.72
1998
 
26,503
0.752
35,236
180.6
7.93
87.49
96.18
1999
 
27,786
0.763
36,398
186.5
3.30
87.15
96.90
2000
 
29,872
0.782
38,183
195.7
4.90
84.43
97.44
2001
 
29,683
0.797
37,226
190.8
-2.51
80.68
93.97
2002
 
30,553
0.808
37,818
193.8
1.59
82.40
95.98
2003
 
30,833
0.824
37,438
191.9
-1.01
82.14
94.35
2004
 
32,379
0.844
38,359
196.6
2.46
82.01
94.54
2005
 
33,874
0.868
39,020
200.0
1.72
83.18
94.49
2006
 
36,998
0.892
41,490
212.6
6.33
85.55
97.07
2007
 
37,611
0.914
41,132
210.8
-0.86
84.20
94.40
2008
 
39,679
0.942
42,131
215.9
2.43
86.84
97.01
2009
 
39,163
0.941
41,621
213.3
-1.21
87.24
99.69
2010
 
40,291
0.957
42,099
215.7
1.15
86.12
99.37
2011
 
42,077
0.981
42,879
219.7
1.85
85.98
98.46
2012
 
43,466
1.000
43,466
222.8
1.37
85.22
97.46
2013
 
43,766
1.013
43,184
221.3
-0.65
86.23
97.58
2014
 
45,452
1.028
44,201
226.5
2.35
86.29
96.59
2015
 
47,897
1.030
46,481
238.2
5.16
87.42
97.79
2016
 
48,674
1.041
46,761
239.6
0.60
86.18
97.60
2017
 
49,671
1.059
46,891
240.3
0.28
85.06
95.73
2018
 
51,969
1.081
48,056
246.3
2.48
84.79
95.45
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-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.

   
 
New Hampshire:
Per Capita Personal Income, 1969-2018
 
1969
 
3,842
0.200
19,194
100.0
N
97.74
1970
 
3,997
0.210
19,079
99.4
-0.60
95.22
1971
 
4,225
0.218
19,344
100.8
1.39
94.50
1972
 
4,557
0.226
20,175
105.1
4.30
93.82
1973
 
5,005
0.238
21,029
109.6
4.23
93.33
1974
 
5,406
0.263
20,571
107.2
-2.18
92.64
1975
 
5,786
0.285
20,322
105.9
-1.21
91.49
1976
 
6,418
0.300
21,370
111.3
5.15
93.35
1977
 
7,050
0.320
22,040
114.8
3.14
93.80
1978
 
7,932
0.342
23,185
120.8
5.19
94.92
1979
 
8,896
0.373
23,880
124.4
3.00
96.35
1980
 
10,039
0.413
24,329
126.8
1.88
98.61
1981
 
11,229
0.450
24,976
130.1
2.66
99.37
1982
 
12,219
0.475
25,747
134.1
3.09
101.83
1983
 
13,269
0.495
26,820
139.7
4.17
104.49
1984
 
14,717
0.513
28,664
149.3
6.88
105.83
1985
 
15,894
0.531
29,913
155.8
4.36
107.72
1986
 
17,081
0.543
31,462
163.9
5.18
110.27
1987
 
18,365
0.560
32,816
171.0
4.30
112.75
1988
 
19,696
0.582
33,870
176.5
3.21
112.84
1989
 
20,685
0.607
34,082
177.6
0.63
110.75
1990
 
20,682
0.634
32,645
170.1
-4.22
105.41
1991
 
21,436
0.655
32,740
170.6
0.29
107.02
1992
 
22,337
0.672
33,231
173.1
1.50
105.91
1993
 
22,831
0.689
33,140
172.7
-0.27
105.05
1994
 
24,088
0.703
34,250
178.4
3.35
106.70
1995
 
25,228
0.718
35,131
183.0
2.57
106.86
1996
 
26,339
0.733
35,911
187.1
2.22
106.33
1997
 
27,975
0.746
37,488
195.3
4.39
107.62
1998
 
30,293
0.752
40,275
209.8
7.43
109.93
1999
 
31,882
0.763
41,764
217.6
3.70
111.18
2000
 
35,380
0.782
45,223
235.6
8.28
115.41
2001
 
36,792
0.797
46,142
240.4
2.03
116.47
2002
 
37,077
0.808
45,894
239.1
-0.54
116.48
2003
 
37,536
0.824
45,577
237.5
-0.69
114.86
2004
 
39,484
0.844
46,776
243.7
2.63
115.28
2005
 
40,723
0.868
46,910
244.4
0.28
113.60
2006
 
43,248
0.892
48,499
252.7
3.39
113.47
2007
 
44,670
0.914
48,853
254.5
0.73
112.11
2008
 
45,694
0.942
48,518
252.8
-0.69
111.71
2009
 
44,892
0.941
47,710
248.6
-1.67
114.27
2010
 
46,784
0.957
48,884
254.7
2.46
115.39
2011
 
48,938
0.981
49,871
259.8
2.02
114.52
2012
 
51,005
1.000
51,005
265.7
2.28
114.36
2013
 
50,754
1.013
50,080
260.9
-1.81
113.16
2014
 
52,673
1.028
51,224
266.9
2.28
111.93
2015
 
54,788
1.030
53,169
277.0
3.80
111.86
2016
 
56,480
1.041
54,260
282.7
2.05
113.25
2017
 
58,397
1.059
55,128
287.2
1.60
112.55
2018
 
61,294
1.081
56,679
295.3
2.81
112.58
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-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 New Hampshire Regional Economic Analysis Project (NH-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.

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