BEARFACTS,
1992-2002
County Total and Per Capita Personal Income Estimates
from the United States Bureau of Economic Analysis
*All income estimates except Per Capita
Personal Income (PCPI) are in thousands of dollars, Cook County, Illinois 1992-2002Cook is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 5,367,180 ranked 1st in the state. PER CAPITA PERSONAL INCOME In 2002 Cook had a per capita personal income (PCPI) of $35,224. This PCPI ranked 3rd in the state and was 107 percent of the state average, $33,053, and 114 percent of the national average, $30,906. The 2002 PCPI reflected an increase of 1.3 percent from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of Cook was $23,784 and ranked 3rd in the state. The 1992-2002 average annual growth rate of PCPI was 4.0 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 Cook had a total personal income (TPI) of $189,054,081. This TPI ranked 1st in the state and accounted for 45.4 percent of the state total. In 1992 the TPI of Cook was $123,671,927 and ranked 1st in the state. The 2002 TPI reflected an increase of 1.0 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 4.3 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Cook. In 2002 net earnings accounted for 68.8 percent of TPI (compared with 67.9 in 1992); dividends, interest, and rent were 18.0 percent (compared with 19.1 in 1992); and personal current transfer receipts were 13.2 percent (compared with 13.0 in 1992). From 2001 to 2002 net earnings decreased 0.1 percent; dividends, interest, and rent increased 0.3 percent; and personal current transfer receipts increased 8.5 percent. From 1992 to 2002 net earnings increased on average 4.5 percent each year; dividends, interest, and rent increased on average 3.7 percent; and personal current transfer receipts increased on average 4.5 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in Cook decreased from $169,775,997 in 2001 to $168,880,862 in 2002, a decrease of 0.5 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $109,709,555 to the 2002 estimate was 4.4 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. DuPage County, Illinois 1992-2002DuPage is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 921,452 ranked 2nd in the state. PER CAPITA PERSONAL INCOME In 2002 DuPage had a per capita personal income (PCPI) of $45,214. This PCPI ranked 2nd in the state and was 137 percent of the state average, $33,053, and 146 percent of the national average, $30,906. The 2002 PCPI reflected a decrease of 0.2 percent from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of DuPage was $30,543 and ranked 2nd in the state. The 1992-2002 average annual growth rate of PCPI was 4.0 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 DuPage had a total personal income (TPI) of $41,662,846. This TPI ranked 2nd in the state and accounted for 10.0 percent of the state total. In 1992 the TPI of DuPage was $24,907,957 and ranked 2nd in the state. The 2002 TPI reflected an increase of 0.5 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 5.3 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of DuPage. In 2002 net earnings accounted for 74.6 percent of TPI (compared with 76.8 in 1992); dividends, interest, and rent were 18.5 percent (compared with 17.0 in 1992); and personal current transfer receipts were 6.9 percent (compared with 6.2 in 1992). From 2001 to 2002 net earnings decreased 0.4 percent; dividends, interest, and rent increased 0.4 percent; and personal current transfer receipts increased 10.3 percent. From 1992 to 2002 net earnings increased on average 5.0 percent each year; dividends, interest, and rent increased on average 6.2 percent; and personal current transfer receipts increased on average 6.5 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in DuPage decreased from $35,284,872 in 2001 to $35,160,477 in 2002, a decrease of 0.4 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $19,149,841 to the 2002 estimate was 6.3 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Kane County, Illinois 1992-2002Kane is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 442,010 ranked 5th in the state. PER CAPITA PERSONAL INCOME In 2002 Kane had a per capita personal income (PCPI) of $30,394. This PCPI ranked 10th in the state and was 92 percent of the state average, $33,053, and 98 percent of the national average, $30,906. The 2002 PCPI reflected a decrease of 2.3 percent from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of Kane was $22,933 and ranked 5th in the state. The 1992-2002 average annual growth rate of PCPI was 2.9 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 Kane had a total personal income (TPI) of $13,434,330. This TPI ranked 5th in the state and accounted for 3.2 percent of the state total. In 1992 the TPI of Kane was $7,624,824 and ranked 5th in the state. The 2002 TPI reflected an increase of 1.7 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 5.8 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Kane. In 2002 net earnings accounted for 75.0 percent of TPI (compared with 74.7 in 1992); dividends, interest, and rent were 15.7 percent (compared with 16.4 in 1992); and personal current transfer receipts were 9.3 percent (compared with 8.8 in 1992). From 2001 to 2002 net earnings increased 0.8 percent; dividends, interest, and rent remained unchanged; and personal current transfer receipts increased 13.0 percent. From 1992 to 2002 net earnings increased on average 5.9 percent each year; dividends, interest, and rent increased on average 5.4 percent; and personal current transfer receipts increased on average 6.4 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in Kane increased from $8,978,817 in 2001 to $9,246,388 in 2002, an increase of 3.0 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $4,964,955 to the 2002 estimate was 6.4 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Lake County, Illinois 1992-2002Lake is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 674,389 ranked 3rd in the state. PER CAPITA PERSONAL INCOME In 2002 Lake had a per capita personal income (PCPI) of $46,343. This PCPI ranked 1st in the state and was 140 percent of the state average, $33,053, and 150 percent of the national average, $30,906. The 2002 PCPI remained unchanged from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of Lake was $31,846 and ranked 1st in the state. The 1992-2002 average annual growth rate of PCPI was 3.8 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 Lake had a total personal income (TPI) of $31,253,131. This TPI ranked 3rd in the state and accounted for 7.5 percent of the state total. In 1992 the TPI of Lake was $17,300,403 and ranked 3rd in the state. The 2002 TPI reflected an increase of 2.0 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 6.1 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Lake. In 2002 net earnings accounted for 71.6 percent of TPI (compared with 74.3 in 1992); dividends, interest, and rent were 22.1 percent (compared with 20.1 in 1992); and personal current transfer receipts were 6.3 percent (compared with 5.7 in 1992). From 2001 to 2002 net earnings increased 1.7 percent; dividends, interest, and rent increased 0.4 percent; and personal current transfer receipts increased 11.7 percent. From 1992 to 2002 net earnings increased on average 5.7 percent each year; dividends, interest, and rent increased on average 7.1 percent; and personal current transfer receipts increased on average 7.2 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in Lake increased from $21,144,353 in 2001 to $22,061,611 in 2002, an increase of 4.3 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $10,953,300 to the 2002 estimate was 7.3 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. McHenry County, Illinois 1992-2002McHenry is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 277,527 ranked 7th in the state. PER CAPITA PERSONAL INCOME In 2002 McHenry had a per capita personal income (PCPI) of $33,507. This PCPI ranked 4th in the state and was 101 percent of the state average, $33,053, and 108 percent of the national average, $30,906. The 2002 PCPI reflected a decrease of 0.8 percent from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of McHenry was $23,482 and ranked 4th in the state. The 1992-2002 average annual growth rate of PCPI was 3.6 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 McHenry had a total personal income (TPI) of $9,299,173. This TPI ranked 6th in the state and accounted for 2.2 percent of the state total. In 1992 the TPI of McHenry was $4,723,009 and ranked 8th in the state. The 2002 TPI reflected an increase of 2.2 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 7.0 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of McHenry. In 2002 net earnings accounted for 76.9 percent of TPI (compared with 76.5 in 1992); dividends, interest, and rent were 15.0 percent (compared with 15.7 in 1992); and personal current transfer receipts were 8.1 percent (compared with 7.8 in 1992). From 2001 to 2002 net earnings increased 1.6 percent; dividends, interest, and rent remained unchanged; and personal current transfer receipts increased 13.8 percent. From 1992 to 2002 net earnings increased on average 7.1 percent each year; dividends, interest, and rent increased on average 6.5 percent; and personal current transfer receipts increased on average 7.5 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in McHenry increased from $3,973,658 in 2001 to $4,159,123 in 2002, an increase of 4.7 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $2,178,694 to the 2002 estimate was 6.7 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Will County, Illinois 1992-2002Will is one of 102 counties in Illinois. It is part of the Chicago-Naperville-Joliet, IL-IN-WI (MSA). Its 2002 population of 558,185 ranked 4th in the state. PER CAPITA PERSONAL INCOME In 2002 Will had a per capita personal income (PCPI) of $29,461. This PCPI ranked 14th in the state and was 89 percent of the state average, $33,053, and 95 percent of the national average, $30,906. The 2002 PCPI reflected a decrease of 2.9 percent from 2001. The 2001-2002 state change was 0.8 percent and the national change was 1.2 percent. In 1992 the PCPI of Will was $20,910 and ranked 8th in the state. The 1992-2002 average annual growth rate of PCPI was 3.5 percent. The average annual growth rate for the state was 3.9 percent and for the nation was 4.0 percent. TOTAL PERSONAL INCOME In 2002 Will had a total personal income (TPI) of $16,444,601. This TPI ranked 4th in the state and accounted for 4.0 percent of the state total. In 1992 the TPI of Will was $7,872,001 and ranked 4th in the state. The 2002 TPI reflected an increase of 1.7 percent from 2001. The 2001-2002 state change was 1.4 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 7.6 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.2 percent. COMPONENTS OF TOTAL PERSONAL INCOME Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Will. In 2002 net earnings accounted for 77.3 percent of TPI (compared with 76.8 in 1992); dividends, interest, and rent were 13.0 percent (compared with 13.8 in 1992); and personal current transfer receipts were 9.6 percent (compared with 9.4 in 1992). From 2001 to 2002 net earnings increased 0.7 percent; dividends, interest, and rent decreased 0.2 percent; and personal current transfer receipts increased 14.0 percent. From 1992 to 2002 net earnings increased on average 7.7 percent each year; dividends, interest, and rent increased on average 7.0 percent; and personal current transfer receipts increased on average 7.9 percent. EARNINGS BY PLACE OF WORK Earnings of persons employed in Will increased from $7,009,427 in 2001 to $7,372,243 in 2002, an increase of 5.2 percent. The 2001-2002 state change was 0.5 percent and the national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $3,682,544 to the 2002 estimate was 7.2 percent. The average annual growth rate for the state was 4.7 percent and for the nation was 5.3 percent. Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Personal income is the income received by all persons from participation in production, from government and business transfer payments, and from government interest. Personal income is the sum of net earnings by place of residence, rental income of persons, personal dividend income, personal interest income, and transfer payments. Net earnings are earnings by place of work—the sum of wage and salary disbursements (payrolls), other labor income, and proprietors' income—less personal contributions for social insurance, plus an adjustment to convert earnings by place of work to a place- of-residence basis. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes). The estimate of personal income in the United States is derived as the sum of the county estimates; it differs from the estimate of personal income in the national income and product accounts (NIPA's) because of differences in coverage and in the timing of the availability of source data. As part of personal income, BEA prepares estimates of wage and salary disbursements by State and county. The Census Bureau and the Bureau of Labor Statistics (BLS) also prepare county-level estimates of wages and salaries. The Census Bureau's County Business Patterns (CBP) employment and payroll data are an annual extension of the quinquennial economic censuses; the data are derived from surveys of business establishments and from Federal administrative records of the Internal Revenue Service, the Social Security Administration, and BLS. The data exclude agricultural production employees, household employees, and most government employees, which are included in BEA's estimates of wage and salary disbursements. The BLS county wage data are derived from the Covered Employment and Wages, or ES-202, program; the data are tabulations of monthly employment and quarterly total wages of workers who are covered by State unemployment insurance (UI) and of Federal workers who are covered by the unemployment compensation for Federal employees (UCFE) program. The BLS data include civilian government and some agricultural production employees and household employees. The BLS data account for 95 percent of the wage and salary component of BEA's estimates of personal income. The remainder consists of adjustments that BEA makes to account for employment and wages not covered, or not fully covered, by the State UI and UCFE programs. Per capita personal income (PCPI) is the annual total personal income of residents divided by resident population as of July 1. In April 2004, the Census Bureau released county intercensal population estimates for 2000-2003 that were consistent with the April 1, 2000 Census counts. Regional Economic Information System Bureau of Economic Analysis (BEA), U.S. Department of Commerce, May 2004. Posted on NIPC web site on May 25, 2004 Directly available from BEA at http://www.bea.gov/bea/regional/bearfacts/ |
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