Oconee County vs. South Carolina
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Oconee County vs. South Carolina
Oconee County:
2022 PCI = $54,415
2022 Percent of State = 101.49%
South Carolina:
2022 PCI = $53,618
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.
Oconee County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Oconee County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Oconee 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 Oconee County over time.
When measured in current dollars, Oconee County's per capita personal income increased 1,617.42%, from $3,168 in 1970 to $54,415 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 192.53%, from $16,029 in 1970 to $46,892 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Oconee County's and South Carolina'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, Oconee County's real per capita personal income rose from $15,067 in 1969 to $46,892 in 2022, for a net gain of $31,825, or 211.22%. In comparison, South Carolina's real per capita personal income advanced from $15,670 in 1969 to $46,206 in 2022, for a net gain of $30,536, or 194.87%.
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 Oconee County's real per capita personal income growth in a broader context by offering direct comparisons across time with South Carolina, 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.
Oconee County's overall real per capita personal income growth was 211.22% over 1969-2022 outpaced South Carolina's increase of 194.87%, and topped 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 Oconee County and South Carolina per capita personal income as a percent of the national average over 1969-2022.
In 1969, Oconee County's per capita personal income amounted to 72.38% of the national average; in 2022, it approximated 83.11%. Similarly, in 1969, South Carolina's per capita personal income totaled 75.28% of the national average; in 2022, it consisted of 81.90%.
Oconee County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Oconee County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Oconee 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, Oconee County's real per capita personal income grew at an annual rate of 2.21% over 1970-2022. The county posted its highest growth in 1976 (9.14%) and recorded its lowest growth in 1974 (-4.48%). In 2022, Oconee County's real per capita personal income declined by -4.10%
Oconee County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Oconee 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 shows the annual percent change in Oconee 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, Oconee County's annual real per capita personal income growth rate averaged 2.73%. It averaged 3.37% during the 1980s, 1.72% throughout the 1990s, 1.12% in the 2000s, 2.20% in the 2010s, 1.81% 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 Oconee County noted in the previous graph with the corresponding decade averages for South Carolina and the nation. As the chart reveals, Oconee County's average annual real per capita personal income growth amounted to less than South Carolina's average in the 1970s (2.73% vs. 2.77%), outpaced South Carolina's average throughout the 1980s (3.37% vs. 2.60%), lagged South Carolina's average during the 1990s (1.72% vs. 2.19%), registered above South Carolina's average in the 2000s (1.12% vs. 0.91%), registered above South Carolina's average during the 2010s (2.20% vs. 2.19%), and topped South Carolina's average over the 3 year period of the current decade, 2020-2022 (1.81% vs. 1.29%).
Finally, relative to nationwide real per capita personal income growth trends, Oconee County outperformed the nation during the 1970s (2.73% vs. 2.37%), surpassed the nation throughout the 1980s (3.37% vs. 2.19%), trailed the nation throughout the 1990s (1.72% vs. 2.01%), outgained the nation throughout the 2000s (1.12% vs. 1.10%), outperformed the nation throughout the 2010s (2.20% vs. 1.97%), and recorded above the nation over 2020-2022 (1.81% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.21
2.73
3.37
1.72
1.12
2.20
1.81
-4.10
 
2.08
2.77
2.60
2.19
0.91
2.19
1.29
-4.66
 
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.

   
 
Oconee County:
Per Capita Personal Income, 1969-2022
 
1969
 
2,845
0.189
15,067
100.0
N
96.15
72.38
1970
 
3,168
0.198
16,029
106.4
6.39
98.23
75.48
1971
 
3,352
0.206
16,270
108.0
1.50
97.20
74.99
1972
 
3,646
0.213
17,110
113.6
5.17
96.14
75.07
1973
 
3,964
0.225
17,654
117.2
3.18
94.10
73.92
1974
 
4,181
0.248
16,864
111.9
-4.48
89.82
71.65
1975
 
4,349
0.269
16,192
107.5
-3.99
87.63
68.77
1976
 
5,007
0.283
17,672
117.3
9.14
91.50
72.83
1977
 
5,500
0.302
18,225
121.0
3.13
93.44
73.18
1978
 
6,094
0.323
18,881
125.3
3.60
93.23
72.93
1979
 
6,875
0.351
19,563
129.8
3.61
95.24
74.47
1980
 
7,652
0.389
19,657
130.5
0.48
96.05
75.14
1981
 
8,376
0.424
19,747
131.1
0.46
94.76
74.18
1982
 
8,748
0.448
19,540
129.7
-1.05
93.92
72.96
1983
 
9,736
0.467
20,859
138.4
6.75
97.03
76.66
1984
 
10,912
0.484
22,528
149.5
8.00
98.77
78.57
1985
 
11,837
0.501
23,613
156.7
4.81
101.05
80.27
1986
 
12,756
0.512
24,906
165.3
5.47
103.11
82.40
1987
 
13,437
0.528
25,448
168.9
2.18
102.68
82.80
1988
 
14,527
0.549
26,477
175.7
4.04
102.82
83.29
1989
 
15,551
0.573
27,159
180.3
2.58
102.46
83.35
1990
 
16,589
0.598
27,752
184.2
2.18
102.99
84.55
1991
 
16,920
0.618
27,391
181.8
-1.30
102.51
84.39
1992
 
17,488
0.634
27,575
183.0
0.67
101.05
82.97
1993
 
18,245
0.650
28,069
186.3
1.79
101.49
84.03
1994
 
19,069
0.664
28,737
190.7
2.38
101.18
84.56
1995
 
20,054
0.678
29,599
196.4
3.00
101.59
85.06
1996
 
20,787
0.692
30,038
199.4
1.48
100.33
84.07
1997
 
21,654
0.704
30,755
204.1
2.39
99.86
83.53
1998
 
22,770
0.710
32,085
212.9
4.32
99.43
82.82
1999
 
23,158
0.720
32,164
213.5
0.25
97.77
80.99
2000
 
24,559
0.738
33,268
220.8
3.43
98.14
80.39
2001
 
25,817
0.753
34,284
227.5
3.06
100.67
81.83
2002
 
25,985
0.763
34,061
226.1
-0.65
99.48
81.71
2003
 
26,585
0.779
34,129
226.5
0.20
99.22
81.40
2004
 
27,717
0.798
34,721
230.4
1.73
99.37
81.08
2005
 
28,469
0.821
34,664
230.1
-0.16
97.71
79.81
2006
 
29,874
0.844
35,378
234.8
2.06
97.03
78.94
2007
 
31,324
0.866
36,168
240.0
2.23
97.31
79.12
2008
 
33,429
0.892
37,489
248.8
3.65
100.96
81.83
2009
 
31,901
0.889
35,875
238.1
-4.31
99.77
81.16
2010
 
32,501
0.905
35,907
238.3
0.09
99.25
80.14
2011
 
34,841
0.928
37,542
249.2
4.55
101.29
81.69
2012
 
35,460
0.945
37,510
249.0
-0.08
99.07
80.16
2013
 
35,749
0.958
37,324
247.7
-0.50
99.56
80.51
2014
 
37,487
0.971
38,598
256.2
3.42
99.34
80.99
2015
 
39,068
0.973
40,153
266.5
4.03
98.71
81.29
2016
 
40,327
0.983
41,031
272.3
2.19
99.00
82.35
2017
 
42,312
1.000
42,312
280.8
3.12
99.87
82.96
2018
 
44,335
1.020
43,446
288.3
2.68
101.21
83.17
2019
 
46,115
1.035
44,550
295.7
2.54
99.93
83.02
2020
 
48,315
1.046
46,175
306.5
3.65
99.06
81.68
2021
 
53,299
1.090
48,898
324.5
5.90
100.89
82.72
2022
 
54,415
1.160
46,892
311.2
-4.10
101.49
83.11
Source: Calculations by the South Carolina Regional Economic Analysis Project (SC-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.

   
 
South Carolina:
Per Capita Personal Income, 1969-2022
 
1969
 
2,959
0.189
15,670
100.0
N
75.28
1970
 
3,225
0.198
16,318
104.1
4.14
76.84
1971
 
3,449
0.206
16,739
106.8
2.58
77.15
1972
 
3,792
0.213
17,797
113.6
6.32
78.08
1973
 
4,213
0.225
18,761
119.7
5.41
78.55
1974
 
4,655
0.248
18,775
119.8
0.07
79.77
1975
 
4,963
0.269
18,478
117.9
-1.58
78.49
1976
 
5,472
0.283
19,314
123.3
4.52
79.60
1977
 
5,886
0.302
19,505
124.5
0.99
78.31
1978
 
6,537
0.323
20,253
129.3
3.84
78.23
1979
 
7,219
0.351
20,541
131.1
1.42
78.19
1980
 
7,967
0.389
20,465
130.6
-0.37
78.23
1981
 
8,839
0.424
20,840
133.0
1.83
78.28
1982
 
9,315
0.448
20,805
132.8
-0.16
77.69
1983
 
10,034
0.467
21,498
137.2
3.33
79.01
1984
 
11,048
0.484
22,809
145.6
6.10
79.55
1985
 
11,713
0.501
23,367
149.1
2.45
79.43
1986
 
12,371
0.512
24,154
154.1
3.37
79.91
1987
 
13,087
0.528
24,785
158.2
2.61
80.64
1988
 
14,128
0.549
25,750
164.3
3.90
81.00
1989
 
15,178
0.573
26,506
169.2
2.94
81.35
1990
 
16,106
0.598
26,945
172.0
1.65
82.10
1991
 
16,505
0.618
26,719
170.5
-0.84
82.32
1992
 
17,306
0.634
27,287
174.1
2.13
82.11
1993
 
17,976
0.650
27,656
176.5
1.35
82.79
1994
 
18,848
0.664
28,404
181.3
2.71
83.57
1995
 
19,740
0.678
29,135
185.9
2.57
83.73
1996
 
20,719
0.692
29,939
191.1
2.76
83.80
1997
 
21,685
0.704
30,799
196.6
2.87
83.64
1998
 
22,900
0.710
32,269
205.9
4.77
83.30
1999
 
23,687
0.720
32,898
209.9
1.95
82.84
2000
 
25,025
0.738
33,899
216.3
3.04
81.91
2001
 
25,644
0.753
34,055
217.3
0.46
81.29
2002
 
26,122
0.763
34,240
218.5
0.55
82.14
2003
 
26,792
0.779
34,396
219.5
0.45
82.04
2004
 
27,892
0.798
34,941
223.0
1.58
81.60
2005
 
29,136
0.821
35,477
226.4
1.54
81.69
2006
 
30,789
0.844
36,463
232.7
2.78
81.36
2007
 
32,190
0.866
37,168
237.2
1.93
81.31
2008
 
33,110
0.892
37,131
237.0
-0.10
81.04
2009
 
31,973
0.889
35,957
229.5
-3.16
81.34
2010
 
32,747
0.905
36,179
230.9
0.62
80.74
2011
 
34,398
0.928
37,065
236.5
2.45
80.65
2012
 
35,794
0.945
37,864
241.6
2.15
80.91
2013
 
35,906
0.958
37,487
239.2
-0.99
80.87
2014
 
37,735
0.971
38,854
248.0
3.65
81.52
2015
 
39,577
0.973
40,676
259.6
4.69
82.35
2016
 
40,732
0.983
41,444
264.5
1.89
83.18
2017
 
42,368
1.000
42,368
270.4
2.23
83.07
2018
 
43,804
1.020
42,925
273.9
1.32
82.17
2019
 
46,149
1.035
44,583
284.5
3.86
83.08
2020
 
48,772
1.046
46,611
297.5
4.55
82.45
2021
 
52,828
1.090
48,465
309.3
3.98
81.99
2022
 
53,618
1.160
46,206
294.9
-4.66
81.90
Source: Calculations by the South Carolina Regional Economic Analysis Project (SC-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 South Carolina Regional Economic Analysis Project (SC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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