Saginaw County vs. Michigan
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Saginaw County vs. Michigan
Saginaw County:
2022 PCI = $47,700
2022 Percent of State = 83.63%
Michigan:
2022 PCI = $57,038
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.
Saginaw County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Saginaw County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Saginaw 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 Saginaw County over time.
When measured in current dollars, Saginaw County's per capita personal income increased 1,161.67%, from $3,781 in 1970 to $47,700 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 114.91%, from $19,127 in 1970 to $41,105 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 tracks Saginaw County's and Michigan'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, Saginaw County's real per capita personal income rose from $19,528 in 1969 to $41,105 in 2022, for a net gain of $21,577, or 110.49%. In comparison, Michigan's real per capita personal income advanced from $21,752 in 1969 to $49,152 in 2022, for a net gain of $27,400, or 125.96%.
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 Saginaw County's real per capita personal income growth in a broader context by offering direct comparisons across time with Michigan, 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.
Saginaw County's overall real per capita personal income growth was 110.49% over 1969-2022 trailed Michigan's increase of 125.96%, 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 portrays the trends for per capita personal income relative to the national average by tracing Saginaw County and Michigan per capita personal income as a percent of the national average over 1969-2022.
In 1969, Saginaw County's per capita personal income amounted to 93.82% of the national average; in 2022, it approximated 72.86%. Similarly, in 1969, Michigan's per capita personal income totaled 104.50% of the national average; in 2022, it consisted of 87.12%.
Saginaw County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Saginaw County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Saginaw 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, Saginaw County's real per capita personal income grew at an annual rate of 1.47% over 1970-2022. The county posted its highest growth in 2020 (10.66%) and posted its lowest growth in 2022 (-7.77%). In 2022, Saginaw County's real per capita personal income declined by -7.77%
Saginaw County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Saginaw 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 traces the annual percent change in Saginaw 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, Saginaw County's annual real per capita personal income growth rate averaged 3.18%. It averaged 0.67% throughout the 1980s, 1.96% in the 1990s, -0.32% in the 2000s, 1.82% in the 2010s, 1.65% 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 Saginaw County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, Saginaw County's average annual real per capita personal income growth exceeded Michigan's average in the 1970s (3.18% vs. 2.33%), amounted to less than Michigan's average throughout the 1980s (0.67% vs. 1.67%), trailed Michigan's average throughout the 1990s (1.96% vs. 2.18%), recorded under Michigan's average in the 2000s (-0.32% vs. -0.26%), amounted to less than Michigan's average throughout the 2010s (1.82% vs. 2.00%), and fell below Michigan's average over the 3 year period of the current decade, 2020-2022 (1.65% vs. 1.70%).
Finally, relative to nationwide real per capita personal income growth trends, Saginaw County exceeded the nation over the 1970s (3.18% vs. 2.37%), lagged the nation during the 1980s (0.67% vs. 2.19%), fell under the nation throughout the 1990s (1.96% vs. 2.01%), fell under the nation throughout the 2000s (-0.32% vs. 1.10%), trailed the nation over the 2010s (1.82% vs. 1.97%), and lagged the nation over 2020-2022 (1.65% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.47
3.18
0.67
1.96
-0.32
1.82
1.65
-7.77
 
1.59
2.33
1.67
2.18
-0.26
2.00
1.70
-5.34
 
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.

   
 
Saginaw County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,688
0.189
19,528
100.0
N
89.78
93.82
1970
 
3,781
0.198
19,127
97.9
-2.05
90.03
90.06
1971
 
4,335
0.206
21,041
107.7
10.00
95.70
96.97
1972
 
4,790
0.213
22,482
115.1
6.85
95.79
98.63
1973
 
5,336
0.225
23,762
121.7
5.70
96.07
99.49
1974
 
5,614
0.248
22,642
115.9
-4.71
94.85
96.20
1975
 
6,084
0.269
22,652
116.0
0.04
95.96
96.21
1976
 
6,942
0.283
24,503
125.5
8.17
98.20
100.98
1977
 
7,744
0.302
25,663
131.4
4.73
97.86
103.04
1978
 
8,585
0.323
26,599
136.2
3.65
97.81
102.74
1979
 
9,291
0.351
26,438
135.4
-0.61
97.13
100.64
1980
 
9,809
0.389
25,197
129.0
-4.69
95.87
96.32
1981
 
10,594
0.424
24,977
127.9
-0.87
96.42
93.83
1982
 
10,750
0.448
24,012
123.0
-3.87
93.54
89.66
1983
 
11,618
0.467
24,891
127.5
3.66
94.20
91.48
1984
 
12,717
0.484
26,253
134.4
5.47
93.54
91.56
1985
 
13,663
0.501
27,255
139.6
3.82
92.88
92.65
1986
 
14,039
0.512
27,409
140.4
0.56
90.27
90.68
1987
 
14,350
0.528
27,177
139.2
-0.85
89.67
88.43
1988
 
15,105
0.549
27,531
141.0
1.30
88.47
86.60
1989
 
16,103
0.573
28,123
144.0
2.15
87.93
86.31
1990
 
16,605
0.598
27,780
142.3
-1.22
87.18
84.64
1991
 
17,065
0.618
27,625
141.5
-0.56
88.36
85.11
1992
 
17,871
0.634
28,178
144.3
2.00
88.19
84.79
1993
 
18,796
0.650
28,916
148.1
2.62
88.67
86.56
1994
 
19,906
0.664
29,999
153.6
3.74
87.85
88.27
1995
 
20,778
0.678
30,667
157.0
2.23
87.42
88.13
1996
 
21,724
0.692
31,392
160.8
2.37
87.69
87.86
1997
 
22,780
0.704
32,354
165.7
3.06
88.29
87.87
1998
 
23,403
0.710
32,977
168.9
1.92
85.77
85.12
1999
 
24,566
0.720
34,119
174.7
3.46
86.18
85.92
2000
 
25,800
0.738
34,949
179.0
2.43
85.29
84.45
2001
 
25,657
0.753
34,072
174.5
-2.51
83.59
81.33
2002
 
25,291
0.763
33,151
169.8
-2.70
82.67
79.53
2003
 
25,839
0.779
33,172
169.9
0.06
82.64
79.12
2004
 
26,734
0.798
33,490
171.5
0.96
83.30
78.21
2005
 
26,945
0.821
32,809
168.0
-2.03
82.26
75.54
2006
 
27,624
0.844
32,714
167.5
-0.29
82.30
73.00
2007
 
28,587
0.866
33,008
169.0
0.90
82.46
72.21
2008
 
29,467
0.892
33,046
169.2
0.11
82.25
72.13
2009
 
29,344
0.889
33,000
169.0
-0.14
85.68
74.65
2010
 
30,545
0.905
33,746
172.8
2.26
85.72
75.31
2011
 
31,901
0.928
34,374
176.0
1.86
84.64
74.80
2012
 
32,230
0.945
34,093
174.6
-0.82
82.55
72.86
2013
 
32,926
0.958
34,376
176.0
0.83
83.80
74.16
2014
 
33,798
0.971
34,799
178.2
1.23
82.78
73.02
2015
 
35,384
0.973
36,366
186.2
4.50
82.32
73.62
2016
 
36,315
0.983
36,949
189.2
1.60
82.38
74.15
2017
 
37,044
1.000
37,044
189.7
0.26
81.84
72.63
2018
 
39,522
1.020
38,730
198.3
4.55
83.93
74.14
2019
 
40,842
1.035
39,456
202.0
1.88
84.09
73.53
2020
 
45,686
1.046
43,662
223.6
10.66
86.55
77.23
2021
 
48,577
1.090
44,566
228.2
2.07
85.82
75.40
2022
 
47,700
1.160
41,105
210.5
-7.77
83.63
72.86
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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.

   
 
Michigan:
Per Capita Personal Income, 1969-2022
 
1969
 
4,107
0.189
21,752
100.0
N
104.50
1970
 
4,200
0.198
21,246
97.7
-2.33
100.04
1971
 
4,530
0.206
21,986
101.1
3.48
101.33
1972
 
5,001
0.213
23,470
107.9
6.75
102.97
1973
 
5,554
0.225
24,733
113.7
5.38
103.56
1974
 
5,918
0.248
23,871
109.7
-3.48
101.42
1975
 
6,340
0.269
23,604
108.5
-1.12
100.26
1976
 
7,070
0.283
24,952
114.7
5.71
102.83
1977
 
7,913
0.302
26,224
120.6
5.10
105.29
1978
 
8,778
0.323
27,196
125.0
3.71
105.05
1979
 
9,566
0.351
27,220
125.1
0.09
103.61
1980
 
10,232
0.389
26,284
120.8
-3.44
100.47
1981
 
10,987
0.424
25,904
119.1
-1.45
97.31
1982
 
11,492
0.448
25,669
118.0
-0.91
95.85
1983
 
12,333
0.467
26,423
121.5
2.94
97.11
1984
 
13,594
0.484
28,065
129.0
6.21
97.88
1985
 
14,710
0.501
29,345
134.9
4.56
99.75
1986
 
15,553
0.512
30,365
139.6
3.48
100.46
1987
 
16,003
0.528
30,308
139.3
-0.19
98.62
1988
 
17,074
0.549
31,120
143.1
2.68
97.89
1989
 
18,313
0.573
31,982
147.0
2.77
98.15
1990
 
19,048
0.598
31,865
146.5
-0.36
97.09
1991
 
19,312
0.618
31,263
143.7
-1.89
96.32
1992
 
20,265
0.634
31,953
146.9
2.21
96.15
1993
 
21,198
0.650
32,612
149.9
2.06
97.63
1994
 
22,660
0.664
34,149
157.0
4.71
100.48
1995
 
23,767
0.678
35,079
161.3
2.72
100.81
1996
 
24,773
0.692
35,798
164.6
2.05
100.19
1997
 
25,800
0.704
36,644
168.5
2.36
99.52
1998
 
27,286
0.710
38,449
176.8
4.92
99.25
1999
 
28,506
0.720
39,591
182.0
2.97
99.70
2000
 
30,250
0.738
40,977
188.4
3.50
99.02
2001
 
30,694
0.753
40,762
187.4
-0.53
97.29
2002
 
30,595
0.763
40,103
184.4
-1.62
96.21
2003
 
31,267
0.779
40,141
184.5
0.10
95.74
2004
 
32,092
0.798
40,202
184.8
0.15
93.88
2005
 
32,756
0.821
39,885
183.4
-0.79
91.83
2006
 
33,563
0.844
39,748
182.7
-0.34
88.69
2007
 
34,669
0.866
40,030
184.0
0.71
87.57
2008
 
35,826
0.892
40,177
184.7
0.37
87.69
2009
 
34,247
0.889
38,514
177.1
-4.14
87.13
2010
 
35,635
0.905
39,369
181.0
2.22
87.86
2011
 
37,689
0.928
40,612
186.7
3.16
88.37
2012
 
39,043
0.945
41,301
189.9
1.70
88.26
2013
 
39,293
0.958
41,024
188.6
-0.67
88.50
2014
 
40,830
0.971
42,041
193.3
2.48
88.21
2015
 
42,984
0.973
44,177
203.1
5.08
89.44
2016
 
44,081
0.983
44,851
206.2
1.52
90.01
2017
 
45,264
1.000
45,264
208.1
0.92
88.75
2018
 
47,088
1.020
46,144
212.1
1.94
88.33
2019
 
48,569
1.035
46,921
215.7
1.68
87.44
2020
 
52,786
1.046
50,448
231.9
7.52
89.24
2021
 
56,601
1.090
51,927
238.7
2.93
87.85
2022
 
57,038
1.160
49,152
226.0
-5.34
87.12
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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 Michigan Regional Economic Analysis Project (MI-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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