Santa Cruz County vs. Arizona
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Santa Cruz County vs. Arizona
Santa Cruz County:
2022 PCI = $47,898
2022 Percent of State = 81.96%
Arizona:
2022 PCI = $58,442
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.
Santa Cruz County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Santa Cruz County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Santa Cruz 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 Santa Cruz County over time.
When measured in current dollars, Santa Cruz County's per capita personal income increased 1,246.86%, from $3,556 in 1970 to $47,898 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 129.42%, from $17,992 in 1970 to $41,276 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Santa Cruz County's and Arizona'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, Santa Cruz County's real per capita personal income rose from $16,689 in 1969 to $41,276 in 2022, for a net gain of $24,587, or 147.33%. In comparison, Arizona's real per capita personal income advanced from $19,290 in 1969 to $50,362 in 2022, for a net advance of $31,072, or 161.08%.
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 Santa Cruz County's real per capita personal income growth in a broader context by offering direct comparisons across time with Arizona, 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.
Santa Cruz County's overall real per capita personal income growth was 147.33% over 1969-2022 trailed Arizona's increase of 161.08%, 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 depicts the trends for per capita personal income relative to the national average by tracing Santa Cruz County and Arizona per capita personal income as a percent of the national average over 1969-2022.
In 1969, Santa Cruz County's per capita personal income amounted to 80.18% of the national average; in 2022, it approximated 73.16%. Similarly, in 1969, Arizona's per capita personal income totaled 92.67% of the national average; in 2022, it consisted of 89.27%.
Santa Cruz County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Santa Cruz County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Santa Cruz 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 illustrated 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, Santa Cruz County's real per capita personal income grew at an annual rate of 1.81% over 1970-2022. The county recorded its highest growth in 2003 (16.48%) and recorded its lowest growth in 1982 (-6.23%). In 2022, Santa Cruz County's real per capita personal income declined by -4.51%
Santa Cruz County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Santa Cruz 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 Santa Cruz County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Santa Cruz County's annual real per capita personal income growth rate averaged 2.39%. It averaged -0.07% during the 1980s, 1.34% throughout the 1990s, 3.16% throughout the 2000s, 1.57% during the 2010s, 4.06% 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 Santa Cruz County noted in the previous graph with the corresponding decade averages for Arizona and the nation. As the chart reveals, Santa Cruz County's average annual real per capita personal income growth amounted to less than Arizona's average during the 1970s (2.39% vs. 2.58%), recorded under Arizona's average throughout the 1980s (-0.07% vs. 1.71%), posted below Arizona's average throughout the 1990s (1.34% vs. 1.67%), registered above Arizona's average throughout the 2000s (3.16% vs. 0.91%), fell below Arizona's average throughout the 2010s (1.57% vs. 2.05%), and outpaced Arizona's average over the 3 year period of the current decade, 2020-2022 (4.06% vs. 3.11%).
Finally, relative to nationwide real per capita personal income growth trends, Santa Cruz County outpaced the nation over the 1970s (2.39% vs. 2.37%), fell below the nation throughout the 1980s (-0.07% vs. 2.19%), fell below the nation in the 1990s (1.34% vs. 2.01%), registered above the nation over the 2000s (3.16% vs. 1.10%), recorded underneath the nation in the 2010s (1.57% vs. 1.97%), and registered above the nation over 2020-2022 (4.06% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.81
2.39
-0.07
1.34
3.16
1.57
4.06
-4.51
 
1.86
2.58
1.71
1.67
0.91
2.05
3.11
-2.70
 
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.

   
 
Santa Cruz County:
Per Capita Personal Income, 1969-2022
 
1969
 
3,151
0.189
16,689
100.0
N
86.52
80.18
1970
 
3,556
0.198
17,992
107.8
7.81
88.46
84.72
1971
 
3,964
0.206
19,240
115.3
6.94
91.05
88.68
1972
 
4,250
0.213
19,945
119.5
3.66
90.20
87.50
1973
 
4,757
0.225
21,183
126.9
6.20
92.45
88.69
1974
 
4,962
0.248
20,015
119.9
-5.51
89.48
85.04
1975
 
5,726
0.269
21,319
127.7
6.52
98.31
90.55
1976
 
6,037
0.283
21,308
127.7
-0.05
95.69
87.81
1977
 
6,371
0.302
21,112
126.5
-0.92
92.89
84.77
1978
 
7,072
0.323
21,912
131.3
3.79
91.04
84.64
1979
 
7,351
0.351
20,917
125.3
-4.54
84.38
79.62
1980
 
7,955
0.389
20,435
122.4
-2.31
82.21
78.11
1981
 
8,772
0.424
20,681
123.9
1.21
81.56
77.69
1982
 
8,683
0.448
19,393
116.2
-6.23
78.02
72.42
1983
 
9,027
0.467
19,341
115.9
-0.27
75.59
71.08
1984
 
9,694
0.484
20,013
119.9
3.48
74.35
69.80
1985
 
9,993
0.501
19,935
119.5
-0.39
71.44
67.77
1986
 
10,792
0.512
21,070
126.2
5.69
73.31
69.70
1987
 
11,030
0.528
20,889
125.2
-0.86
72.53
67.97
1988
 
11,517
0.549
20,992
125.8
0.50
71.87
66.03
1989
 
11,833
0.573
20,665
123.8
-1.56
70.52
63.42
1990
 
12,285
0.598
20,553
123.2
-0.54
70.94
62.62
1991
 
12,524
0.618
20,274
121.5
-1.35
70.58
62.47
1992
 
12,970
0.634
20,451
122.5
0.87
70.92
61.54
1993
 
13,470
0.650
20,724
124.2
1.33
71.18
62.04
1994
 
14,006
0.664
21,107
126.5
1.85
70.61
62.11
1995
 
14,288
0.678
21,089
126.4
-0.09
68.99
60.60
1996
 
15,180
0.692
21,935
131.4
4.01
70.01
61.39
1997
 
16,002
0.704
22,728
136.2
3.61
70.32
61.72
1998
 
16,686
0.710
23,513
140.9
3.45
69.15
60.69
1999
 
16,977
0.720
23,579
141.3
0.28
68.27
59.38
2000
 
17,147
0.738
23,228
139.2
-1.49
65.27
56.13
2001
 
19,741
0.753
26,216
157.1
12.87
73.26
62.58
2002
 
19,639
0.763
25,742
154.2
-1.81
71.87
61.76
2003
 
23,355
0.779
29,983
179.7
16.48
82.28
71.51
2004
 
22,454
0.798
28,129
168.5
-6.19
74.47
65.69
2005
 
23,685
0.821
28,840
172.8
2.53
73.67
66.40
2006
 
25,088
0.844
29,711
178.0
3.02
72.80
66.29
2007
 
26,735
0.866
30,870
185.0
3.90
75.10
67.53
2008
 
27,618
0.892
30,972
185.6
0.33
77.61
67.60
2009
 
28,094
0.889
31,594
189.3
2.01
83.95
71.47
2010
 
28,972
0.905
32,008
191.8
1.31
85.78
71.44
2011
 
30,114
0.928
32,449
194.4
1.38
85.44
70.61
2012
 
30,573
0.945
32,341
193.8
-0.33
84.15
69.11
2013
 
30,379
0.958
31,717
190.0
-1.93
82.38
68.42
2014
 
31,777
0.971
32,719
196.1
3.16
83.14
68.65
2015
 
32,390
0.973
33,289
199.5
1.74
81.31
67.39
2016
 
33,104
0.983
33,682
201.8
1.18
80.50
67.60
2017
 
35,482
1.000
35,482
212.6
5.34
82.12
69.57
2018
 
36,930
1.020
36,189
216.8
1.99
81.60
69.27
2019
 
38,158
1.035
36,863
220.9
1.86
80.01
68.69
2020
 
43,176
1.046
41,263
247.2
11.94
82.82
72.99
2021
 
47,119
1.090
43,228
259.0
4.76
83.51
73.13
2022
 
47,898
1.160
41,276
247.3
-4.51
81.96
73.16
Source: Calculations by the Arizona Regional Economic Analysis Project (AZ-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.

   
 
Arizona:
Per Capita Personal Income, 1969-2022
 
1969
 
3,643
0.189
19,290
100.0
N
92.67
1970
 
4,020
0.198
20,340
105.4
5.44
95.77
1971
 
4,354
0.206
21,131
109.5
3.89
97.39
1972
 
4,711
0.213
22,111
114.6
4.64
97.01
1973
 
5,145
0.225
22,912
118.8
3.62
95.93
1974
 
5,546
0.248
22,369
116.0
-2.37
95.04
1975
 
5,825
0.269
21,686
112.4
-3.05
92.11
1976
 
6,309
0.283
22,267
115.4
2.68
91.76
1977
 
6,858
0.302
22,727
117.8
2.07
91.25
1978
 
7,768
0.323
24,069
124.8
5.90
92.97
1979
 
8,712
0.351
24,790
128.5
3.00
94.36
1980
 
9,676
0.389
24,855
128.9
0.26
95.01
1981
 
10,755
0.424
25,357
131.5
2.02
95.25
1982
 
11,129
0.448
24,858
128.9
-1.97
92.82
1983
 
11,942
0.467
25,585
132.6
2.93
94.03
1984
 
13,038
0.484
26,916
139.5
5.20
93.87
1985
 
13,987
0.501
27,903
144.7
3.67
94.85
1986
 
14,720
0.512
28,739
149.0
3.00
95.08
1987
 
15,208
0.528
28,801
149.3
0.22
93.71
1988
 
16,025
0.549
29,209
151.4
1.42
91.88
1989
 
16,779
0.573
29,303
151.9
0.32
89.93
1990
 
17,317
0.598
28,970
150.2
-1.13
88.27
1991
 
17,745
0.618
28,726
148.9
-0.84
88.51
1992
 
18,287
0.634
28,835
149.5
0.38
86.76
1993
 
18,924
0.650
29,113
150.9
0.97
87.15
1994
 
19,836
0.664
29,893
155.0
2.68
87.96
1995
 
20,712
0.678
30,570
158.5
2.26
87.85
1996
 
21,681
0.692
31,330
162.4
2.49
87.69
1997
 
22,757
0.704
32,321
167.6
3.17
87.78
1998
 
24,130
0.710
34,002
176.3
5.20
87.77
1999
 
24,866
0.720
34,536
179.0
1.57
86.97
2000
 
26,271
0.738
35,587
184.5
3.04
85.99
2001
 
26,946
0.753
35,784
185.5
0.55
85.41
2002
 
27,325
0.763
35,817
185.7
0.09
85.93
2003
 
28,384
0.779
36,440
188.9
1.74
86.91
2004
 
30,154
0.798
37,774
195.8
3.66
88.21
2005
 
32,150
0.821
39,146
202.9
3.63
90.13
2006
 
34,460
0.844
40,810
211.6
4.25
91.06
2007
 
35,602
0.866
41,107
213.1
0.73
89.93
2008
 
35,586
0.892
39,908
206.9
-2.92
87.11
2009
 
33,467
0.889
37,636
195.1
-5.69
85.14
2010
 
33,774
0.905
37,314
193.4
-0.86
83.28
2011
 
35,244
0.928
37,977
196.9
1.78
82.64
2012
 
36,333
0.945
38,434
199.2
1.20
82.13
2013
 
36,877
0.958
38,501
199.6
0.18
83.05
2014
 
38,220
0.971
39,353
204.0
2.21
82.57
2015
 
39,836
0.973
40,942
212.2
4.04
82.89
2016
 
41,122
0.983
41,840
216.9
2.19
83.97
2017
 
43,208
1.000
43,208
224.0
3.27
84.71
2018
 
45,260
1.020
44,352
229.9
2.65
84.90
2019
 
47,693
1.035
46,074
238.9
3.88
85.86
2020
 
52,133
1.046
49,824
258.3
8.14
88.13
2021
 
56,420
1.090
51,761
268.3
3.89
87.57
2022
 
58,442
1.160
50,362
261.1
-2.70
89.27
Source: Calculations by the Arizona Regional Economic Analysis Project (AZ-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 Arizona Regional Economic Analysis Project (AZ-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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