Shelby County vs. Tennessee
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Shelby County vs. Tennessee
Shelby County:
2022 PCI = $58,736
2022 Percent of State = 100.76%
Tennessee:
2022 PCI = $58,292
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.
Shelby County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Shelby County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Shelby 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 Shelby County over time.
When measured in current dollars, Shelby County's per capita personal income increased 1,461.34%, from $3,762 in 1970 to $58,736 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 165.95%, from $19,032 in 1970 to $50,616 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Shelby County's and Tennessee'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, Shelby County's real per capita personal income rose from $18,497 in 1969 to $50,616 in 2022, for a net gain of $32,119, or 173.65%. In comparison, Tennessee's real per capita personal income advanced from $16,057 in 1969 to $50,233 in 2022, for a net gain of $34,176, or 212.85%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Shelby County's real per capita personal income growth in a broader context by offering direct comparisons across time with Tennessee, 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.
Shelby County's overall real per capita personal income growth was 173.65% over 1969-2022 trailed Tennessee's increase of 212.85%, and topped 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 depicts the trends for per capita personal income relative to the national average by tracing Shelby County and Tennessee per capita personal income as a percent of the national average over 1969-2022.
In 1969, Shelby County's per capita personal income amounted to 88.86% of the national average; in 2022, it approximated 89.71%. Similarly, in 1969, Tennessee's per capita personal income totaled 77.14% of the national average; in 2022, it consisted of 89.04%.
Shelby County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Shelby County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Shelby 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 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, Shelby County's real per capita personal income grew at an annual rate of 1.96% over 1970-2022. The county recorded its highest growth in 1998 (10.84%) and posted its lowest growth in 2022 (-6.24%). In 2022, Shelby County's real per capita personal income declined by -6.24%
Shelby County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Shelby 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 Shelby 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, Shelby County's annual real per capita personal income growth rate averaged 3.18%. It averaged 2.36% during the 1980s, 3.13% during the 1990s, -0.05% in the 2000s, 1.34% during the 2010s, 1.35% 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 Shelby County noted in the previous graph with the corresponding decade averages for Tennessee and the nation. As the chart reveals, Shelby County's average annual real per capita personal income growth recorded above Tennessee's average during the 1970s (3.18% vs. 3.08%), fell below Tennessee's average during the 1980s (2.36% vs. 2.49%), outperformed Tennessee's average in the 1990s (3.13% vs. 2.62%), recorded under Tennessee's average in the 2000s (-0.05% vs. 0.80%), recorded under Tennessee's average during the 2010s (1.34% vs. 2.02%), and posted below Tennessee's average over the 3 year period of the current decade, 2020-2022 (1.35% vs. 2.17%).
Finally, relative to nationwide real per capita personal income growth trends, Shelby County led the nation in the 1970s (3.18% vs. 2.37%), exceeded the nation in the 1980s (2.36% vs. 2.19%), outpaced the nation throughout the 1990s (3.13% vs. 2.01%), lagged the nation throughout the 2000s (-0.05% vs. 1.10%), recorded underneath the nation during the 2010s (1.34% vs. 1.97%), and fell below the nation over 2020-2022 (1.35% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.96
3.18
2.36
3.13
-0.05
1.34
1.35
-6.24
 
2.20
3.08
2.49
2.62
0.80
2.02
2.17
-3.89
 
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.

   
 
Shelby County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,493
0.189
18,497
100.0
N
115.20
88.86
1970
 
3,762
0.198
19,032
102.9
2.90
115.26
89.61
1971
 
4,158
0.206
20,178
109.1
6.02
117.51
93.00
1972
 
4,650
0.213
21,822
118.0
8.15
119.03
95.74
1973
 
5,162
0.225
22,990
124.3
5.35
117.76
96.26
1974
 
5,691
0.248
22,953
124.1
-0.16
119.11
97.52
1975
 
6,174
0.269
22,986
124.3
0.14
120.15
97.63
1976
 
6,636
0.283
23,421
126.6
1.89
117.16
96.52
1977
 
7,222
0.302
23,932
129.4
2.18
116.98
96.09
1978
 
8,073
0.323
25,013
135.2
4.52
116.27
96.62
1979
 
8,860
0.351
25,211
136.3
0.79
116.27
95.97
1980
 
9,774
0.389
25,107
135.7
-0.41
118.04
95.97
1981
 
10,685
0.424
25,191
136.2
0.34
116.69
94.63
1982
 
11,262
0.448
25,155
136.0
-0.14
116.18
93.93
1983
 
12,074
0.467
25,868
139.9
2.84
117.04
95.07
1984
 
13,264
0.484
27,383
148.0
5.85
116.31
95.50
1985
 
14,023
0.501
27,974
151.2
2.16
115.60
95.09
1986
 
14,792
0.512
28,880
156.1
3.24
114.52
95.54
1987
 
15,751
0.528
29,829
161.3
3.29
114.54
97.06
1988
 
16,860
0.549
30,730
166.1
3.02
113.53
96.66
1989
 
18,201
0.573
31,786
171.8
3.44
114.93
97.55
1990
 
19,156
0.598
32,048
173.3
0.82
114.64
97.64
1991
 
19,728
0.618
31,935
172.7
-0.35
113.81
98.39
1992
 
21,011
0.634
33,130
179.1
3.74
112.85
99.69
1993
 
22,077
0.650
33,964
183.6
2.52
113.37
101.67
1994
 
23,376
0.664
35,228
190.5
3.72
114.90
103.66
1995
 
24,886
0.678
36,730
198.6
4.26
116.00
105.55
1996
 
26,108
0.692
37,727
204.0
2.71
117.21
105.59
1997
 
27,362
0.704
38,863
210.1
3.01
117.75
105.54
1998
 
30,570
0.710
43,076
232.9
10.84
121.83
111.19
1999
 
31,031
0.720
43,098
233.0
0.05
120.48
108.53
2000
 
31,676
0.738
42,908
232.0
-0.44
117.33
103.68
2001
 
33,532
0.753
44,530
240.7
3.78
121.95
106.29
2002
 
34,175
0.763
44,796
242.2
0.60
121.61
107.47
2003
 
34,938
0.779
44,853
242.5
0.13
120.23
106.98
2004
 
36,038
0.798
45,146
244.1
0.65
118.41
105.43
2005
 
36,757
0.821
44,756
242.0
-0.86
117.02
103.05
2006
 
38,581
0.844
45,690
247.0
2.09
117.34
101.95
2007
 
39,786
0.866
45,938
248.4
0.54
117.14
100.50
2008
 
39,622
0.892
44,434
240.2
-3.27
113.35
96.99
2009
 
38,033
0.889
42,772
231.2
-3.74
110.48
96.76
2010
 
39,376
0.905
43,503
235.2
1.71
109.96
97.09
2011
 
41,055
0.928
44,238
239.2
1.69
108.90
96.26
2012
 
42,658
0.945
45,124
244.0
2.00
109.15
96.43
2013
 
42,179
0.958
44,037
238.1
-2.41
107.87
95.00
2014
 
43,197
0.971
44,477
240.5
1.00
107.38
93.32
2015
 
44,528
0.973
45,764
247.4
2.89
106.17
92.65
2016
 
45,315
0.983
46,106
249.3
0.75
105.52
92.53
2017
 
46,838
1.000
46,838
253.2
1.59
105.46
91.83
2018
 
48,622
1.020
47,647
257.6
1.73
104.67
91.21
2019
 
50,546
1.035
48,831
264.0
2.49
103.39
91.00
2020
 
53,335
1.046
50,973
275.6
4.39
102.71
90.16
2021
 
58,844
1.090
53,984
291.9
5.91
103.29
91.33
2022
 
58,736
1.160
50,616
273.6
-6.24
100.76
89.71
Source: Calculations by the Tennessee Regional Economic Analysis Project (TN-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.

   
 
Tennessee:
Per Capita Personal Income, 1969-2022
 
1969
 
3,032
0.189
16,057
100.0
N
77.14
1970
 
3,264
0.198
16,512
102.8
2.84
77.75
1971
 
3,538
0.206
17,170
106.9
3.99
79.14
1972
 
3,906
0.213
18,332
114.2
6.77
80.43
1973
 
4,384
0.225
19,522
121.6
6.49
81.74
1974
 
4,778
0.248
19,270
120.0
-1.29
81.87
1975
 
5,138
0.269
19,130
119.1
-0.73
81.25
1976
 
5,664
0.283
19,990
124.5
4.50
82.38
1977
 
6,174
0.302
20,459
127.4
2.34
82.14
1978
 
6,943
0.323
21,513
134.0
5.15
83.10
1979
 
7,620
0.351
21,683
135.0
0.79
82.54
1980
 
8,280
0.389
21,270
132.5
-1.90
81.31
1981
 
9,157
0.424
21,588
134.5
1.50
81.09
1982
 
9,693
0.448
21,651
134.8
0.29
80.85
1983
 
10,317
0.467
22,103
137.7
2.09
81.23
1984
 
11,403
0.484
23,542
146.6
6.51
82.10
1985
 
12,130
0.501
24,199
150.7
2.79
82.26
1986
 
12,916
0.512
25,218
157.1
4.21
83.43
1987
 
13,751
0.528
26,043
162.2
3.27
84.74
1988
 
14,850
0.549
27,066
168.6
3.93
85.14
1989
 
15,836
0.573
27,656
172.2
2.18
84.88
1990
 
16,710
0.598
27,955
174.1
1.08
85.17
1991
 
17,334
0.618
28,061
174.8
0.38
86.46
1992
 
18,619
0.634
29,359
182.8
4.62
88.34
1993
 
19,472
0.650
29,958
186.6
2.04
89.68
1994
 
20,345
0.664
30,660
191.0
2.35
90.22
1995
 
21,452
0.678
31,662
197.2
3.27
90.99
1996
 
22,274
0.692
32,186
200.5
1.65
90.09
1997
 
23,237
0.704
33,004
205.5
2.54
89.63
1998
 
25,091
0.710
35,356
220.2
7.13
91.27
1999
 
25,756
0.720
35,772
222.8
1.18
90.08
2000
 
26,998
0.738
36,572
227.8
2.24
88.37
2001
 
27,496
0.753
36,515
227.4
-0.16
87.16
2002
 
28,102
0.763
36,836
229.4
0.88
88.37
2003
 
29,059
0.779
37,305
232.3
1.27
88.98
2004
 
30,435
0.798
38,126
237.4
2.20
89.03
2005
 
31,410
0.821
38,245
238.2
0.31
88.06
2006
 
32,878
0.844
38,937
242.5
1.81
86.88
2007
 
33,963
0.866
39,215
244.2
0.71
85.79
2008
 
34,954
0.892
39,199
244.1
-0.04
85.56
2009
 
34,427
0.889
38,716
241.1
-1.23
87.58
2010
 
35,809
0.905
39,562
246.4
2.18
88.29
2011
 
37,698
0.928
40,621
253.0
2.68
88.39
2012
 
39,082
0.945
41,342
257.5
1.77
88.35
2013
 
39,102
0.958
40,825
254.3
-1.25
88.07
2014
 
40,230
0.971
41,422
258.0
1.46
86.91
2015
 
41,942
0.973
43,106
268.5
4.06
87.27
2016
 
42,943
0.983
43,693
272.1
1.36
87.69
2017
 
44,411
1.000
44,411
276.6
1.64
87.07
2018
 
46,452
1.020
45,520
283.5
2.50
87.14
2019
 
48,889
1.035
47,230
294.1
3.76
88.01
2020
 
51,928
1.046
49,628
309.1
5.08
87.79
2021
 
56,970
1.090
52,265
325.5
5.31
88.42
2022
 
58,292
1.160
50,233
312.8
-3.89
89.04
Source: Calculations by the Tennessee Regional Economic Analysis Project (TN-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 Tennessee Regional Economic Analysis Project (TN-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.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, TN-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.