Orange County vs. Florida
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Orange County vs. Florida
Orange County:
2022 PCI = $55,374
2022 Percent of State = 85.44%
Florida:
2022 PCI = $64,806
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.
Orange County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Orange County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Orange 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 Orange County over time.
When measured in current dollars, Orange County's per capita personal income increased 1,249.12%, from $4,104 in 1970 to $55,374 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 129.80%, from $20,765 in 1970 to $47,718 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Orange County's and Florida'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, Orange County's real per capita personal income rose from $19,791 in 1969 to $47,718 in 2022, for a net gain of $27,927, or 141.11%. In comparison, Florida's real per capita personal income increased from $19,940 in 1969 to $55,847 in 2022, for a net advance of $35,907, or 180.08%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Orange County's real per capita personal income growth in a broader context by offering direct comparisons across time with Florida, 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.
Orange County's overall real per capita personal income growth was 141.11% over 1969-2022 trailed Florida's increase of 180.08%, and fell below 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 displays the trends for per capita personal income relative to the national average by tracing Orange County and Florida per capita personal income as a percent of the national average over 1969-2022.
In 1969, Orange County's per capita personal income amounted to 95.08% of the national average; in 2022, it approximated 84.58%. Similarly, in 1969, Florida's per capita personal income totaled 95.79% of the national average; in 2022, it consisted of 98.99%.
Orange County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Orange County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Orange 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, Orange County's real per capita personal income grew at an annual rate of 1.72% over 1970-2022. The county posted its highest growth in 1972 (8.28%) and posted its lowest growth in 1974 (-6.92%). In 2022, Orange County's real per capita personal income declined by -4.96%
Orange County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Orange 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 illustrates the annual percent change in Orange 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, Orange County's annual real per capita personal income growth rate averaged 2.20%. It averaged 2.86% in the 1980s, 1.23% in the 1990s, 0.10% throughout the 2000s, 2.04% throughout the 2010s, 2.38% 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 Orange County noted in the previous graph with the corresponding decade averages for Florida and the nation. As the chart reveals, Orange County's average annual real per capita personal income growth fell below Florida's average during the 1970s (2.20% vs. 2.51%), outpaced Florida's average during the 1980s (2.86% vs. 2.73%), amounted to less than Florida's average throughout the 1990s (1.23% vs. 1.46%), posted below Florida's average in the 2000s (0.10% vs. 0.78%), trailed Florida's average during the 2010s (2.04% vs. 2.30%), and fell below Florida's average over the 3 year period of the current decade, 2020-2022 (2.38% vs. 2.62%).
Finally, relative to nationwide real per capita personal income growth trends, Orange County trailed the nation throughout the 1970s (2.20% vs. 2.37%), surpassed the nation over the 1980s (2.86% vs. 2.19%), fell below the nation in the 1990s (1.23% vs. 2.01%), fell below the nation in the 2000s (0.10% vs. 1.10%), registered above the nation in the 2010s (2.04% vs. 1.97%), and topped the nation over 2020-2022 (2.38% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.72
2.20
2.86
1.23
0.10
2.04
2.38
-4.96
 
1.99
2.51
2.73
1.46
0.78
2.30
2.62
-3.50
 
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.

   
 
Orange County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,737
0.189
19,791
100.0
N
99.26
95.08
1970
 
4,104
0.198
20,765
104.9
4.92
99.36
97.77
1971
 
4,535
0.206
22,010
111.2
5.99
102.30
101.44
1972
 
5,078
0.213
23,831
120.4
8.28
104.48
104.55
1973
 
5,592
0.225
24,904
125.8
4.50
104.11
104.27
1974
 
5,747
0.248
23,181
117.1
-6.92
99.83
98.49
1975
 
6,048
0.269
22,516
113.8
-2.87
99.02
95.63
1976
 
6,480
0.283
22,870
115.6
1.57
98.83
94.25
1977
 
6,973
0.302
23,107
116.8
1.04
97.08
92.78
1978
 
7,793
0.323
24,145
122.0
4.49
96.65
93.26
1979
 
8,567
0.351
24,378
123.2
0.96
95.82
92.80
1980
 
9,747
0.389
25,038
126.5
2.71
96.00
95.71
1981
 
10,946
0.424
25,806
130.4
3.07
96.55
96.94
1982
 
11,800
0.448
26,356
133.2
2.13
98.96
98.41
1983
 
12,728
0.467
27,268
137.8
3.46
99.04
100.21
1984
 
13,757
0.484
28,401
143.5
4.16
98.92
99.05
1985
 
14,706
0.501
29,337
148.2
3.29
99.27
99.73
1986
 
15,472
0.512
30,207
152.6
2.97
99.19
99.93
1987
 
16,132
0.528
30,552
154.4
1.14
98.79
99.41
1988
 
17,441
0.549
31,788
160.6
4.05
99.21
100.00
1989
 
18,496
0.573
32,300
163.2
1.61
97.05
99.13
1990
 
18,938
0.598
31,682
160.1
-1.92
95.82
96.53
1991
 
18,724
0.618
30,311
153.2
-4.33
93.12
93.39
1992
 
19,326
0.634
30,473
154.0
0.53
92.86
91.69
1993
 
20,046
0.650
30,840
155.8
1.21
92.71
92.32
1994
 
20,511
0.664
30,911
156.2
0.23
92.02
90.95
1995
 
21,661
0.678
31,970
161.5
3.42
92.31
91.87
1996
 
22,727
0.692
32,841
165.9
2.72
92.98
91.92
1997
 
23,693
0.704
33,652
170.0
2.47
93.29
91.39
1998
 
25,065
0.710
35,319
178.5
4.95
93.15
91.17
1999
 
26,188
0.720
36,372
183.8
2.98
94.67
91.59
2000
 
27,737
0.738
37,573
189.8
3.30
94.39
90.79
2001
 
26,960
0.753
35,803
180.9
-4.71
88.67
85.46
2002
 
27,291
0.763
35,772
180.7
-0.09
88.56
85.82
2003
 
28,208
0.779
36,213
183.0
1.23
88.76
86.37
2004
 
29,781
0.798
37,307
188.5
3.02
88.36
87.12
2005
 
31,413
0.821
38,250
193.3
2.53
87.90
88.07
2006
 
33,484
0.844
39,654
200.4
3.67
88.10
88.48
2007
 
34,383
0.866
39,700
200.6
0.12
87.75
86.85
2008
 
34,621
0.892
38,826
196.2
-2.20
88.35
84.74
2009
 
32,493
0.889
36,541
184.6
-5.88
88.35
82.66
2010
 
34,047
0.905
37,615
190.1
2.94
87.80
83.95
2011
 
35,541
0.928
38,297
193.5
1.81
87.90
83.33
2012
 
35,873
0.945
37,947
191.7
-0.91
87.06
81.09
2013
 
36,104
0.958
37,695
190.5
-0.67
88.64
81.31
2014
 
37,736
0.971
38,855
196.3
3.08
88.04
81.53
2015
 
39,646
0.973
40,746
205.9
4.87
88.21
82.49
2016
 
40,087
0.983
40,787
206.1
0.10
87.68
81.86
2017
 
42,179
1.000
42,179
213.1
3.41
87.08
82.70
2018
 
43,802
1.020
42,923
216.9
1.76
85.87
82.16
2019
 
46,222
1.035
44,653
225.6
4.03
86.17
83.21
2020
 
48,829
1.046
46,666
235.8
4.51
86.33
82.55
2021
 
54,726
1.090
50,207
253.7
7.59
86.76
84.94
2022
 
55,374
1.160
47,718
241.1
-4.96
85.44
84.58
Source: Calculations by the Florida Regional Economic Analysis Project (FL-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.

   
 
Florida:
Per Capita Personal Income, 1969-2022
 
1969
 
3,765
0.189
19,940
100.0
N
95.79
1970
 
4,131
0.198
20,898
104.8
4.81
98.40
1971
 
4,433
0.206
21,516
107.9
2.96
99.17
1972
 
4,860
0.213
22,809
114.4
6.01
100.07
1973
 
5,371
0.225
23,920
120.0
4.87
100.15
1974
 
5,757
0.248
23,221
116.5
-2.92
98.66
1975
 
6,107
0.269
22,738
114.0
-2.08
96.58
1976
 
6,557
0.283
23,141
116.1
1.77
95.37
1977
 
7,182
0.302
23,802
119.4
2.85
95.57
1978
 
8,064
0.323
24,983
125.3
4.96
96.50
1979
 
8,941
0.351
25,443
127.6
1.84
96.85
1980
 
10,153
0.389
26,082
130.8
2.51
99.70
1981
 
11,337
0.424
26,729
134.0
2.48
100.40
1982
 
11,924
0.448
26,634
133.6
-0.36
99.45
1983
 
12,850
0.467
27,531
138.1
3.37
101.18
1984
 
13,908
0.484
28,713
144.0
4.29
100.14
1985
 
14,814
0.501
29,552
148.2
2.92
100.46
1986
 
15,597
0.512
30,452
152.7
3.05
100.75
1987
 
16,330
0.528
30,927
155.1
1.56
100.63
1988
 
17,580
0.549
32,043
160.7
3.61
100.80
1989
 
19,057
0.573
33,281
166.9
3.86
102.14
1990
 
19,765
0.598
33,065
165.8
-0.65
100.74
1991
 
20,109
0.618
32,552
163.3
-1.55
100.29
1992
 
20,812
0.634
32,816
164.6
0.81
98.74
1993
 
21,623
0.650
33,267
166.8
1.37
99.59
1994
 
22,289
0.664
33,590
168.5
0.97
98.83
1995
 
23,464
0.678
34,632
173.7
3.10
99.52
1996
 
24,443
0.692
35,321
177.1
1.99
98.86
1997
 
25,397
0.704
36,071
180.9
2.12
97.96
1998
 
26,909
0.710
37,917
190.2
5.12
97.88
1999
 
27,662
0.720
38,418
192.7
1.32
96.74
2000
 
29,387
0.738
39,808
199.6
3.62
96.19
2001
 
30,405
0.753
40,378
202.5
1.43
96.38
2002
 
30,815
0.763
40,392
202.6
0.04
96.90
2003
 
31,779
0.779
40,797
204.6
1.00
97.30
2004
 
33,706
0.798
42,224
211.8
3.50
98.61
2005
 
35,736
0.821
43,513
218.2
3.05
100.19
2006
 
38,009
0.844
45,013
225.7
3.45
100.44
2007
 
39,184
0.866
45,244
226.9
0.51
98.98
2008
 
39,185
0.892
43,944
220.4
-2.87
95.92
2009
 
36,777
0.889
41,359
207.4
-5.88
93.56
2010
 
38,778
0.905
42,842
214.9
3.59
95.61
2011
 
40,433
0.928
43,568
218.5
1.69
94.80
2012
 
41,204
0.945
43,586
218.6
0.04
93.14
2013
 
40,733
0.958
42,527
213.3
-2.43
91.74
2014
 
42,865
0.971
44,136
221.3
3.78
92.61
2015
 
44,945
0.973
46,193
231.7
4.66
93.52
2016
 
45,720
0.983
46,518
233.3
0.70
93.36
2017
 
48,439
1.000
48,439
242.9
4.13
94.97
2018
 
51,009
1.020
49,986
250.7
3.19
95.69
2019
 
53,640
1.035
51,820
259.9
3.67
96.57
2020
 
56,561
1.046
54,055
271.1
4.31
95.62
2021
 
63,078
1.090
57,870
290.2
7.06
97.90
2022
 
64,806
1.160
55,847
280.1
-3.50
98.99
Source: Calculations by the Florida Regional Economic Analysis Project (FL-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 Florida Regional Economic Analysis Project (FL-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.

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