Macomb County vs. Michigan | Total Personal Income Trends over 1969-2022

Introduction

Macomb County:

2022 TPI = $47,046,713K

2022 Percent of State = 8.22%

Michigan:

2022 TPI = $572,325,054K

2022 Percent of U.S. = 2.62%

The annual total personal incomes (TPI) estimates compiled by the Bureau of Economic Analysis, (BEA) are among the most comprehensive, consistent, comparable and timely measures of economic activity available statewide and at the national levels. Personal income estimates are also the best available local level indicator of general purchasing power, and are therefore central to tracking and comparing county patterns of economic growth and change.

The following graphs highlight trends in the pattern of growth and change in the total personal income of Macomb County and Michigan with comparison to the nation. The data used are those compiled by the Regional Income and Product Divisions of the Bureau of Economic Analysis, U.S. Department of Commerce. The 2017 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Implicit Price Deflator for Personal Consumption.

Data Definition:

Personal income is the income received by persons from participation in production, plus transfer receipts from government and business, plus government interest (which is treated like a transfer receipt). It is defined as the sum of wages and salaries, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. Because the personal income of an area represents the income that is received by, or on behalf of, all the persons who live in that area, and because the estimates of some components of personal income (wages and salaries, supplements to wages and salaries, and contributions for government social insurance) are made on a place-of-work basis, state personal income includes an adjustment for residence. The residence adjustment represents the net flow of compensation (less contributions for government social insurance) of interstate commuters.

Macomb County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Macomb County's annual total 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 Macomb County over time.

When measured in current dollars, Macomb County's total personal income increased 1,609.89%, from $2,751M in 1970 to $47,047M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 191.25%, from $13,920M in 1970 to $40,542M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Macomb County's and Michigan's annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Macomb County's real total personal income rose from $14,336M in 1969 to $40,542M in 2022, for a net gain of $26,207M, or 182.80%. In comparison, Michigan's real total personal income increased from $191,008M in 1969 to $493,201M in 2022, for a net gain of $302,193M, or 158.21%.

Total Personal Income as a Percent of the Michigan Total: 1969-2022

Figure 3.

Another interesting and insightful way of highlighting the total personal income growth of Macomb County is to trace its individual percentage contributions to Michigan's statewide total personal income over time, as shown in Figure 3. A rising share means a region's total personal income grew faster, or declined less, than Michigan's total personal income, while a declining share shows it grew more slowly.

In 1969, Macomb County's total personal income totaled 7.51% of Michigan's total personal income, while in 2022 it equated to 8.22% thereby yielding a +0.71% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Macomb County	+0.71%	=	8.22%	-	7.51%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Macomb County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 4.

Figure 4 highlights the short-run pattern of Macomb County's real total 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, Macomb County's real total personal income grew at an annual rate of 2.06% over 1970-2022. The county posted its highest growth in 1985 (9.61%) and posted its lowest growth in 2022 (-6.25%). In 2022, Macomb County's real total personal income declined by -6.25%

Macomb County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022

Figure 5.

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 5 again illustrates the annual percent change in Macomb County's real total 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, Macomb County's annual real total personal income growth rate averaged 3.74%. It averaged 2.28% during the 1980s, 2.88% throughout the 1990s, -0.40% throughout the 2000s, 2.20% throughout the 2010s, 0.68% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 6.

Figure 6 compares the decade average growth rates for Macomb County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, Macomb County's average annual real total personal income growth surpassed Michigan's average during the 1970s (3.74% vs. 2.86%), outperformed Michigan's average during the 1980s (2.28% vs. 1.68%), surpassed Michigan's average in the 1990s (2.88% vs. 2.86%), posted below Michigan's average in the 2000s (-0.40% vs. -0.25%), outgained Michigan's average during the 2010s (2.20% vs. 2.18%), and fell below Michigan's average over the 3 year period of the current decade, 2020-2022 (0.68% vs. 1.55%).

Finally, relative to nationwide real total personal income growth trends, Macomb County recorded above the nation during the 1970s (3.74% vs. 3.50%), lagged the nation in the 1980s (2.28% vs. 3.16%), lagged the nation over the 1990s (2.88% vs. 3.27%), trailed the nation during the 2000s (-0.40% vs. 2.06%), fell under the nation throughout the 2010s (2.20% vs. 2.72%), and posted below the nation over 2020-2022 (0.68% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Macomb	2.06	3.74	2.28	2.88	-0.40	2.20	0.68	-6.25
Michigan	1.85	2.86	1.68	2.86	-0.25	2.18	1.55	-5.38
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Macomb County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	2,707,042	0.189	14,335,868	100.0	N	7.51
1970	2,751,448	0.198	13,920,105	97.1	-2.90	7.36
1971	2,984,327	0.206	14,483,509	101.0	4.05	7.34
1972	3,345,057	0.213	15,698,597	109.5	8.39	7.41
1973	3,820,854	0.225	17,015,605	118.7	8.39	7.58
1974	4,069,103	0.248	16,412,306	114.5	-3.55	7.55
1975	4,299,378	0.269	16,006,620	111.7	-2.47	7.45
1976	4,955,818	0.283	17,491,328	122.0	9.28	7.69
1977	5,749,217	0.302	19,052,283	132.9	8.92	7.93
1978	6,539,892	0.323	20,262,399	141.3	6.35	8.10
1979	7,184,647	0.351	20,444,034	142.6	0.90	8.12
1980	7,569,535	0.389	19,444,962	135.6	-4.89	7.99
1981	8,052,350	0.424	18,984,675	132.4	-2.37	7.96
1982	8,277,625	0.448	18,488,810	129.0	-2.61	7.90
1983	8,869,622	0.467	19,002,532	132.6	2.78	7.95
1984	10,000,341	0.484	20,645,226	144.0	8.64	8.13
1985	11,343,581	0.501	22,629,231	157.9	9.61	8.50
1986	12,153,968	0.512	23,729,413	165.5	4.86	8.56
1987	12,523,180	0.528	23,717,246	165.4	-0.05	8.52
1988	13,593,936	0.549	24,777,064	172.8	4.47	8.64
1989	14,523,807	0.573	25,364,222	176.9	2.37	8.57
1990	15,267,099	0.598	25,540,944	178.2	0.70	8.61
1991	15,555,258	0.618	25,180,914	175.6	-1.41	8.57
1992	15,925,968	0.634	25,111,902	175.2	-0.27	8.29
1993	16,631,102	0.650	25,586,311	178.5	1.89	8.22
1994	17,992,334	0.664	27,114,856	189.1	5.97	8.27
1995	19,087,700	0.678	28,172,064	196.5	3.90	8.30
1996	20,083,216	0.692	29,020,730	202.4	3.01	8.31
1997	21,518,174	0.704	30,562,549	213.2	5.31	8.50
1998	22,743,260	0.710	32,047,656	223.5	4.86	8.46
1999	24,180,168	0.720	33,583,100	234.3	4.79	8.57
2000	26,083,819	0.738	35,333,395	246.5	5.21	8.66
2001	26,084,231	0.753	34,639,493	241.6	-1.96	8.51
2002	26,193,424	0.763	34,333,570	239.5	-0.88	8.55
2003	27,129,432	0.779	34,828,654	242.9	1.44	8.64
2004	27,648,178	0.798	34,635,121	241.6	-0.56	8.57
2005	28,649,072	0.821	34,883,865	243.3	0.72	8.70
2006	29,104,386	0.844	34,467,534	240.4	-1.19	8.64
2007	29,994,773	0.866	34,633,197	241.6	0.48	8.65
2008	30,335,649	0.892	34,020,017	237.3	-1.77	8.51
2009	28,580,728	0.889	32,141,708	224.2	-5.52	8.43
2010	29,291,226	0.905	32,360,989	225.7	0.68	8.32
2011	31,133,348	0.928	33,547,420	234.0	3.67	8.35
2012	32,493,885	0.945	34,372,697	239.8	2.46	8.39
2013	33,129,401	0.958	34,588,698	241.3	0.63	8.48
2014	34,625,491	0.971	35,651,909	248.7	3.07	8.50
2015	36,724,506	0.973	37,743,971	263.3	5.87	8.55
2016	37,576,160	0.983	38,232,225	266.7	1.29	8.51
2017	38,631,236	1.000	38,631,236	269.5	1.04	8.49
2018	40,258,412	1.020	39,450,853	275.2	2.12	8.49
2019	41,307,152	1.035	39,905,280	278.4	1.15	8.44
2020	44,785,665	1.046	42,801,802	298.6	7.26	8.43
2021	47,139,119	1.090	43,246,501	301.7	1.04	8.30
2022	47,046,713	1.160	40,542,483	282.8	-6.25	8.22

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PSN

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Michigan:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	36,067,948	0.189	191,007,509	100.0	N	4.56
1970	37,361,665	0.198	189,019,857	99.0	-1.04	4.37
1971	40,643,958	0.206	197,252,890	103.3	4.36	4.40
1972	45,132,028	0.213	211,807,903	110.9	7.38	4.44
1973	50,382,867	0.225	224,372,599	117.5	5.93	4.45
1974	53,913,200	0.248	217,453,313	113.8	-3.08	4.33
1975	57,745,117	0.269	214,985,544	112.6	-1.13	4.24
1976	64,457,792	0.283	227,500,766	119.1	5.82	4.31
1977	72,465,620	0.302	240,143,226	125.7	5.56	4.39
1978	80,772,906	0.323	250,256,866	131.0	4.21	4.35
1979	88,473,249	0.351	251,752,124	131.8	0.60	4.27
1980	94,701,793	0.389	243,274,232	127.4	-3.37	4.09
1981	101,183,597	0.424	238,556,164	124.9	-1.94	3.91
1982	104,753,909	0.448	233,977,148	122.5	-1.92	3.77
1983	111,587,381	0.467	239,068,003	125.2	2.18	3.76
1984	123,022,181	0.484	253,973,412	133.0	6.23	3.76
1985	133,511,635	0.501	266,341,436	139.4	4.87	3.81
1986	141,960,377	0.512	277,163,508	145.1	4.06	3.82
1987	147,028,829	0.528	278,453,144	145.8	0.47	3.74
1988	157,389,827	0.549	286,867,451	150.2	3.02	3.69
1989	169,457,810	0.573	295,939,313	154.9	3.16	3.68
1990	177,358,200	0.598	296,709,661	155.3	0.26	3.62
1991	181,544,360	0.618	293,884,741	153.9	-0.95	3.58
1992	192,090,223	0.634	302,885,877	158.6	3.06	3.55
1993	202,230,763	0.650	311,124,251	162.9	2.72	3.58
1994	217,482,045	0.664	327,750,384	171.6	5.34	3.67
1995	229,978,752	0.678	339,431,992	177.7	3.56	3.66
1996	241,755,067	0.692	349,341,888	182.9	2.92	3.63
1997	253,075,718	0.704	359,446,814	188.2	2.89	3.58
1998	268,711,943	0.710	378,643,515	198.2	5.34	3.54
1999	282,128,877	0.720	391,840,220	205.1	3.49	3.54
2000	301,060,433	0.738	407,819,394	213.5	4.08	3.49
2001	306,670,387	0.753	407,253,973	213.2	-0.14	3.41
2002	306,427,101	0.763	401,655,636	210.3	-1.37	3.35
2003	313,961,005	0.779	403,061,860	211.0	0.35	3.31
2004	322,698,379	0.798	404,247,158	211.6	0.29	3.22
2005	329,235,279	0.821	400,885,554	209.9	-0.83	3.12
2006	336,842,607	0.844	398,913,556	208.8	-0.49	2.98
2007	346,731,862	0.866	400,350,852	209.6	0.36	2.91
2008	356,356,155	0.892	399,636,823	209.2	-0.18	2.87
2009	339,099,994	0.889	381,349,731	199.7	-4.58	2.81
2010	352,074,311	0.905	388,972,215	203.6	2.00	2.81
2011	372,954,243	0.928	401,873,026	210.4	3.32	2.80
2012	387,339,206	0.945	409,735,340	214.5	1.96	2.79
2013	390,857,856	0.958	408,074,520	213.6	-0.41	2.78
2014	407,267,049	0.971	419,339,843	219.5	2.76	2.76
2015	429,284,900	0.973	441,201,760	231.0	5.21	2.78
2016	441,557,210	0.983	449,266,625	235.2	1.83	2.78
2017	454,894,818	1.000	454,894,818	238.2	1.25	2.73
2018	474,208,013	1.020	464,695,692	243.3	2.15	2.71
2019	489,493,146	1.035	472,880,842	247.6	1.76	2.67
2020	531,530,232	1.046	507,985,122	266.0	7.42	2.71
2021	568,132,011	1.090	521,217,247	272.9	2.60	2.66
2022	572,325,054	1.160	493,200,843	258.2	-5.38	2.62

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PSN

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

United States:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
1969	791,229,000	0.189	4,190,165,758	100.0	N
1970	855,525,000	0.198	4,328,265,709	103.3	3.30
1971	924,613,000	0.206	4,487,323,465	107.1	3.67
1972	1,016,408,000	0.213	4,770,076,966	113.8	6.30
1973	1,133,468,000	0.225	5,047,731,018	120.5	5.82
1974	1,244,912,000	0.248	5,021,223,733	119.8	-0.53
1975	1,362,505,000	0.269	5,072,617,275	121.1	1.02
1976	1,495,704,000	0.283	5,279,017,400	126.0	4.07
1977	1,651,632,000	0.302	5,473,329,799	130.6	3.68
1978	1,855,849,000	0.323	5,749,934,936	137.2	5.05
1979	2,073,296,000	0.351	5,899,598,782	140.8	2.60
1980	2,313,972,000	0.389	5,944,235,512	141.9	0.76
1981	2,590,995,000	0.424	6,108,676,176	145.8	2.77
1982	2,777,640,000	0.448	6,204,105,336	148.1	1.56
1983	2,969,333,000	0.467	6,361,584,112	151.8	2.54
1984	3,275,415,000	0.484	6,761,937,695	161.4	6.29
1985	3,508,482,000	0.501	6,999,046,441	167.0	3.51
1986	3,717,756,000	0.512	7,258,548,586	173.2	3.71
1987	3,931,800,000	0.528	7,446,308,852	177.7	2.59
1988	4,264,433,000	0.549	7,772,592,728	185.5	4.38
1989	4,605,107,000	0.573	8,042,309,775	191.9	3.47
1990	4,897,332,000	0.598	8,192,943,538	195.5	1.87
1991	5,072,291,000	0.618	8,211,045,100	196.0	0.22
1992	5,406,546,000	0.634	8,524,985,809	203.5	3.82
1993	5,643,648,000	0.650	8,682,535,385	207.2	1.85
1994	5,933,938,000	0.664	8,942,579,420	213.4	3.00
1995	6,278,125,000	0.678	9,266,058,093	221.1	3.62
1996	6,660,854,000	0.692	9,625,094,288	229.7	3.87
1997	7,068,422,000	0.704	10,039,373,926	239.6	4.30
1998	7,584,003,000	0.710	10,686,661,406	255.0	6.45
1999	7,978,449,000	0.720	11,081,025,264	264.5	3.69
2000	8,620,234,000	0.738	11,677,052,911	278.7	5.38
2001	8,990,104,000	0.753	11,938,732,039	284.9	2.24
2002	9,146,700,000	0.763	11,989,225,466	286.1	0.42
2003	9,474,684,000	0.779	12,163,560,736	290.3	1.45
2004	10,008,929,000	0.798	12,538,275,270	299.2	3.08
2005	10,540,800,000	0.821	12,834,755,927	306.3	2.36
2006	11,291,446,000	0.844	13,372,153,008	319.1	4.19
2007	11,925,044,000	0.866	13,769,145,681	328.6	2.97
2008	12,423,410,000	0.892	13,932,275,429	332.5	1.18
2009	12,058,253,000	0.889	13,560,635,845	323.6	-2.67
2010	12,547,501,000	0.905	13,862,497,514	330.8	2.23
2011	13,299,818,000	0.928	14,331,082,712	342.0	3.38
2012	13,905,749,000	0.945	14,709,785,897	351.1	2.64
2013	14,063,283,000	0.958	14,682,748,144	350.4	-0.18
2014	14,778,160,000	0.971	15,216,235,418	363.1	3.63
2015	15,467,113,000	0.973	15,896,476,839	379.4	4.47
2016	15,884,741,000	0.983	16,162,082,333	385.7	1.67
2017	16,658,962,000	1.000	16,658,962,000	397.6	3.07
2018	17,514,402,000	1.020	17,163,073,878	409.6	3.03
2019	18,343,601,000	1.035	17,721,060,157	422.9	3.25
2020	19,609,985,000	1.046	18,741,324,605	447.3	5.76
2021	21,392,812,000	1.090	19,626,252,970	468.4	4.72
2022	21,820,248,000	1.160	18,803,588,325	448.8	-4.19

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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_300_PN

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