Henry County vs. Missouri
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Henry County vs. Missouri
Henry County:
2022 PCI = $48,899
2022 Percent of State = 84.57%
Missouri:
2022 PCI = $57,818
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.
Henry County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Henry County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Henry 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 Henry County over time.
When measured in current dollars, Henry County's per capita personal income increased 1,387.14%, from $3,288 in 1970 to $48,899 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 153.31%, from $16,635 in 1970 to $42,139 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Henry County's and Missouri'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, Henry County's real per capita personal income rose from $15,273 in 1969 to $42,139 in 2022, for a net gain of $26,865, or 175.90%. In comparison, Missouri's real per capita personal income increased from $19,303 in 1969 to $49,824 in 2022, for a net advance of $30,522, or 158.12%.
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 Henry County's real per capita personal income growth in a broader context by offering direct comparisons across time with Missouri, 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.
Henry County's overall real per capita personal income growth was 175.90% over 1969-2022 outpaced Missouri's increase of 158.12%, and outpaced 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 Henry County and Missouri per capita personal income as a percent of the national average over 1969-2022.
In 1969, Henry County's per capita personal income amounted to 73.37% of the national average; in 2022, it approximated 74.69%. Similarly, in 1969, Missouri's per capita personal income totaled 92.73% of the national average; in 2022, it consisted of 88.31%.
Henry County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Henry County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Henry 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, Henry County's real per capita personal income grew at an annual rate of 2.00% over 1970-2022. The county posted its highest growth in 1973 (14.35%) and recorded its lowest growth in 1980 (-6.47%). In 2022, Henry County's real per capita personal income declined by -5.02%
Henry County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Henry 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 Henry 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, Henry County's annual real per capita personal income growth rate averaged 3.98%. It averaged 0.66% during the 1980s, 2.13% in the 1990s, 2.65% throughout the 2000s, 0.66% during the 2010s, 1.74% 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 Henry County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Henry County's average annual real per capita personal income growth registered above Missouri's average during the 1970s (3.98% vs. 2.54%), trailed Missouri's average throughout the 1980s (0.66% vs. 2.01%), exceeded Missouri's average in the 1990s (2.13% vs. 1.94%), outperformed Missouri's average throughout the 2000s (2.65% vs. 1.14%), amounted to less than Missouri's average in the 2010s (0.66% vs. 1.37%), and amounted to less than Missouri's average over the 3 year period of the current decade, 2020-2022 (1.74% vs. 2.22%).
Finally, relative to nationwide real per capita personal income growth trends, Henry County led the nation in the 1970s (3.98% vs. 2.37%), recorded underneath the nation in the 1980s (0.66% vs. 2.19%), exceeded the nation during the 1990s (2.13% vs. 2.01%), recorded above the nation in the 2000s (2.65% vs. 1.10%), trailed the nation throughout the 2010s (0.66% vs. 1.97%), and fell under the nation over 2020-2022 (1.74% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.00
3.98
0.66
2.13
2.65
0.66
1.74
-5.02
 
1.82
2.54
2.01
1.94
1.14
1.37
2.22
-3.15
 
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.

   
 
Henry County:
Per Capita Personal Income, 1969-2022
 
1969
 
2,884
0.189
15,273
100.0
N
79.13
73.37
1970
 
3,288
0.198
16,635
108.9
8.92
83.36
78.33
1971
 
3,548
0.206
17,219
112.7
3.51
84.04
79.36
1972
 
3,796
0.213
17,817
116.7
3.47
83.23
78.17
1973
 
4,575
0.225
20,373
133.4
14.35
90.67
85.30
1974
 
4,812
0.248
19,407
127.1
-4.74
89.33
82.45
1975
 
5,374
0.269
20,009
131.0
3.10
91.35
84.99
1976
 
5,646
0.283
19,929
130.5
-0.40
88.11
82.13
1977
 
6,167
0.302
20,438
133.8
2.56
87.24
82.06
1978
 
6,845
0.323
21,208
138.9
3.77
87.45
81.92
1979
 
7,844
0.351
22,320
146.1
5.24
90.21
84.96
1980
 
8,127
0.389
20,876
136.7
-6.47
86.69
79.80
1981
 
9,485
0.424
22,362
146.4
7.12
90.87
84.00
1982
 
9,748
0.448
21,774
142.6
-2.63
87.30
81.30
1983
 
10,337
0.467
22,146
145.0
1.71
86.94
81.39
1984
 
11,453
0.484
23,644
154.8
6.76
87.52
82.46
1985
 
11,811
0.501
23,561
154.3
-0.35
84.72
80.09
1986
 
11,942
0.512
23,316
152.7
-1.04
81.75
77.14
1987
 
11,848
0.528
22,438
146.9
-3.76
77.78
73.01
1988
 
12,634
0.549
23,027
150.8
2.62
78.24
72.43
1989
 
13,537
0.573
23,642
154.8
2.67
78.44
72.56
1990
 
13,546
0.598
22,662
148.4
-4.14
75.60
69.05
1991
 
13,866
0.618
22,447
147.0
-0.95
74.63
69.16
1992
 
15,146
0.634
23,882
156.4
6.40
77.41
71.86
1993
 
15,974
0.650
24,576
160.9
2.90
78.90
73.57
1994
 
16,803
0.664
25,323
165.8
3.04
79.00
74.51
1995
 
17,287
0.678
25,515
167.1
0.76
77.87
73.32
1996
 
18,591
0.692
26,865
175.9
5.29
79.89
75.19
1997
 
19,467
0.704
27,649
181.0
2.92
79.56
75.09
1998
 
20,092
0.710
28,312
185.4
2.40
78.77
73.08
1999
 
20,942
0.720
29,085
190.4
2.73
79.68
73.24
2000
 
22,164
0.738
30,023
196.6
3.23
79.56
72.55
2001
 
23,591
0.753
31,328
205.1
4.35
82.39
74.78
2002
 
23,874
0.763
31,293
204.9
-0.11
81.92
75.07
2003
 
25,465
0.779
32,692
214.0
4.47
84.73
77.97
2004
 
26,784
0.798
33,552
219.7
2.63
85.31
78.35
2005
 
27,747
0.821
33,786
221.2
0.70
86.02
77.79
2006
 
28,875
0.844
34,196
223.9
1.21
85.28
76.30
2007
 
30,648
0.866
35,387
231.7
3.48
87.00
77.42
2008
 
32,732
0.892
36,707
240.3
3.73
88.17
80.12
2009
 
33,549
0.889
37,729
247.0
2.78
92.41
85.35
2010
 
33,095
0.905
36,563
239.4
-3.09
89.48
81.60
2011
 
33,176
0.928
35,748
234.1
-2.23
86.39
77.79
2012
 
34,082
0.945
36,053
236.1
0.85
85.24
77.04
2013
 
35,771
0.958
37,346
244.5
3.59
89.16
80.56
2014
 
37,427
0.971
38,537
252.3
3.19
90.45
80.86
2015
 
38,516
0.973
39,585
259.2
2.72
90.25
80.14
2016
 
38,732
0.983
39,409
258.0
-0.45
88.38
79.09
2017
 
40,458
1.000
40,458
264.9
2.66
90.35
79.32
2018
 
40,805
1.020
39,986
261.8
-1.17
87.41
76.54
2019
 
41,587
1.035
40,176
263.0
0.48
85.92
74.87
2020
 
45,220
1.046
43,217
283.0
7.57
86.80
76.45
2021
 
48,358
1.090
44,365
290.5
2.66
86.24
75.06
2022
 
48,899
1.160
42,139
275.9
-5.02
84.57
74.69
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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.

   
 
Missouri:
Per Capita Personal Income, 1969-2022
 
1969
 
3,645
0.189
19,303
100.0
N
92.73
1970
 
3,945
0.198
19,956
103.4
3.39
93.97
1971
 
4,222
0.206
20,490
106.1
2.67
94.44
1972
 
4,562
0.213
21,408
110.9
4.48
93.92
1973
 
5,045
0.225
22,469
116.4
4.96
94.08
1974
 
5,386
0.248
21,724
112.5
-3.31
92.30
1975
 
5,883
0.269
21,904
113.5
0.82
93.03
1976
 
6,409
0.283
22,619
117.2
3.26
93.21
1977
 
7,070
0.302
23,428
121.4
3.58
94.07
1978
 
7,828
0.323
24,252
125.6
3.52
93.68
1979
 
8,695
0.351
24,743
128.2
2.02
94.18
1980
 
9,374
0.389
24,080
124.8
-2.68
92.05
1981
 
10,438
0.424
24,609
127.5
2.19
92.44
1982
 
11,166
0.448
24,941
129.2
1.35
93.13
1983
 
11,889
0.467
25,472
132.0
2.13
93.61
1984
 
13,086
0.484
27,015
140.0
6.06
94.22
1985
 
13,940
0.501
27,809
144.1
2.94
94.53
1986
 
14,608
0.512
28,522
147.8
2.56
94.36
1987
 
15,232
0.528
28,848
149.5
1.14
93.87
1988
 
16,147
0.549
29,431
152.5
2.02
92.58
1989
 
17,258
0.573
30,138
156.1
2.40
92.49
1990
 
17,917
0.598
29,975
155.3
-0.54
91.33
1991
 
18,580
0.618
30,078
155.8
0.34
92.67
1992
 
19,566
0.634
30,852
159.8
2.57
92.83
1993
 
20,247
0.650
31,149
161.4
0.96
93.25
1994
 
21,271
0.664
32,056
166.1
2.91
94.32
1995
 
22,201
0.678
32,766
169.7
2.22
94.16
1996
 
23,270
0.692
33,626
174.2
2.62
94.12
1997
 
24,469
0.704
34,753
180.0
3.35
94.38
1998
 
25,506
0.710
35,941
186.2
3.42
92.77
1999
 
26,281
0.720
36,501
189.1
1.56
91.92
2000
 
27,857
0.738
37,735
195.5
3.38
91.18
2001
 
28,634
0.753
38,026
197.0
0.77
90.77
2002
 
29,144
0.763
38,202
197.9
0.46
91.65
2003
 
30,054
0.779
38,584
199.9
1.00
92.02
2004
 
31,396
0.798
39,330
203.8
1.93
91.85
2005
 
32,256
0.821
39,276
203.5
-0.14
90.43
2006
 
33,860
0.844
40,100
207.7
2.10
89.48
2007
 
35,228
0.866
40,676
210.7
1.44
88.99
2008
 
37,124
0.892
41,633
215.7
2.35
90.87
2009
 
36,306
0.889
40,830
211.5
-1.93
92.37
2010
 
36,984
0.905
40,860
211.7
0.07
91.19
2011
 
38,402
0.928
41,380
214.4
1.27
90.04
2012
 
39,983
0.945
42,295
219.1
2.21
90.38
2013
 
40,121
0.958
41,889
217.0
-0.96
90.36
2014
 
41,380
0.971
42,607
220.7
1.72
89.40
2015
 
42,677
0.973
43,862
227.2
2.94
88.80
2016
 
43,826
0.983
44,591
231.0
1.66
89.49
2017
 
44,781
1.000
44,781
232.0
0.42
87.80
2018
 
46,680
1.020
45,744
237.0
2.15
87.56
2019
 
48,401
1.035
46,759
242.2
2.22
87.14
2020
 
52,095
1.046
49,787
257.9
6.48
88.07
2021
 
56,073
1.090
51,443
266.5
3.32
87.03
2022
 
57,818
1.160
49,824
258.1
-3.15
88.31
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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 Missouri Regional Economic Analysis Project (MO-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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