Per Capita Personal Income in Oklahoma: A County Level Analysis Cynthia Rogers Justin Dossey Department of Economics University of Oklahoma Per Capita Personal Income (PCPI) = Total Personal Income Population Personal Income by Area of Residence Wage and salariesWage and salaries Other labor incomeOther labor income Proprietors incomeProprietors income Rental incomeRental income Dividend income Interest income Transfer payments Less social insurance contributions Regional Economic Information System (REIS) County & Metropolitan Areas, County & Metropolitan Areas, Sources of DataSources of Data Census data Administrative-records data Other sources Estimates of Personal IncomeEstimates of Personal Income Per Capita Personal Income in Oklahoma Oklahomas rank has fallen from 38 to 46Oklahomas rank has fallen from 38 to 46 PCPI has fallen from 81.5% to 80% of USPCPI has fallen from 81.5% to 80% of US Components of PCPI Changes in PCPI depend on population and personal income growth ratesChanges in PCPI depend on population and personal income growth rates From population and PI growth rates were highly correlated (p=.98)From population and PI growth rates were highly correlated (p=.98) Oklahomas PCPI trend appears to be driven by both componentsOklahomas PCPI trend appears to be driven by both components Rural-Urban Continuum Codes PCPI Varies by County Type PCPI is higher in larger, metropolitan countiesPCPI is higher in larger, metropolitan counties PCPI has risen in all county types in the United States from 1990 to 1996PCPI has risen in all county types in the United States from 1990 to PCPI growth rates range from 26.5% (RN) to 29.4% (ULN) in the United States PCPI growth rates range from 26.5% (RN) to 29.4% (ULN) in the United States Oklahomas County Composition PCPI by County Type Oklahoma vs. United States In 1990, Oklahoma compared favorably with the US for ULN, RA, and RN county typesIn 1990, Oklahoma compared favorably with the US for ULN, RA, and RN county types From all county types in Oklahoma lost ground compared with their US counterpartsFrom all county types in Oklahoma lost ground compared with their US counterparts By 1996 PCPI in Oklahoma was about equal to that of the US for ULN and RABy 1996 PCPI in Oklahoma was about equal to that of the US for ULN and RA Oklahoma is less Metropolitan than the US Average It has no metropolitan areas of 1 million or more populationIt has no metropolitan areas of 1 million or more population Most of its metro population is in medium-sized metropolitan areasMost of its metro population is in medium-sized metropolitan areas A relatively large share of its population is concentrated in non-metropolitan counties with small urban populations (USA and USN)A relatively large share of its population is concentrated in non-metropolitan counties with small urban populations (USA and USN) Importance of County Composition in Oklahoma Adjust US PCPI to represent Oklahomas population distribution by county type for relevant yearAdjust US PCPI to represent Oklahomas population distribution by county type for relevant year Structural gap = US Adjusted PCPI - OK PCPIStructural gap = US Adjusted PCPI - OK PCPI OK PCPI was 91% of Adj. US PCPI in 1996 and 93% in 1990OK PCPI was 91% of Adj. US PCPI in 1996 and 93% in 1990 Oklahomas County PCPI as % of US PCPI By County Type, 1996 Adjusting for Oklahomas County Structure Adjust state PCPI to represent Oklahomas population distribution by county type for relevant yearAdjust state PCPI to represent Oklahomas population distribution by county type for relevant year Much of Oklahomas PCPI gap is accounted for by its county structureMuch of Oklahomas PCPI gap is accounted for by its county structure Oklahoma has lost ground compared with Arkansas, Missouri, and ColoradoOklahoma has lost ground compared with Arkansas, Missouri, and Colorado Contact Information Cynthia Rogers Economics Department University of Oklahoma (405) staff.ou.edu/R/Cynthia.Rogers-1/