Per Capita Personal Income, BEA, released yesterday:
Fulton County (Atlanta): $74,095
St. Louis County (St. Louis): $62,777
Henrico County (Richmond): $58,876
Travis County (Austin): $58,700
Wake County (Raleigh): $54,063
Cuyahoga County (Cleveland): $50,023
Jefferson County (Birmingham):$49,386
Davidson County (Nashville): $48,283
Marion County (Indianapolis): $48,253
Hamilton County (Chattanooga): $48,053
Pulaski County (Little Rock): $47,834
Jefferson County (New Orleans): $47,591
Oklahoma County (Oklahoma City): $47,583
Jefferson County (Louisville): $47,361
Shelby County (Memphis): $46,234
Knox County (Knoxville): $46,305
Duval County (Jacksonville): $42,574
Orange County (Orlando): $41,515
Wayne County (Detroit): $40,110
Here is the Shelby County narrative from BEA:
Personal Income for Shelby
Per Capita Personal Income
In 2016, Shelby had a per capita personal income (PCPI) of $46,234. This PCPI ranked 6th in the state and was 107 percent of the state average, $43,326, and 94 percent of the national average, $49,246.
The 2016 PCPI reflected an increase of 2.8 percent from 2015. The 2015-2016 state change was 2.8 percent and the national change was 1.6 percent. In 2006, the PCPI of Shelby was $38,710 and ranked 3rd in the state. The 2006-2016 compound annual growth rate of PCPI was 1.8 percent. The compound annual growth rate for the state was 2.8 percent and for the nation was 2.6 percent.
In 2016, Shelby had a personal income of $43,210,184*. This personal income ranked 1st in the state and accounted for 15.0 percent of the state total. In 2006, the personal income of Shelby was $35,616,975* and ranked 1st in the state.
*Personal income estimates are in thousands of dollars, not adjusted for inflation.
|2015-2016 percent change||2006-2016 CAGR|
|Shelby||2.6 %||2.0 %|
|Tennessee||3.7 %||3.7 %|
|U.S.||2.3 %||3.4 %|
|CAGR: compound annual growth rate|
Components of Personal Income
Join us at the Smart City Memphis Facebook page for daily articles, reports, and commentaries relevant to Memphis.