Personal Per Capita Income

How’s the Prince William Sound Region performing?
Between 2012 and 2013, per capita personal income (PCPI) increased by 0.8 percent. This growth rate exceeded PCPI growth on the state level (0.5 percent), but lagged PCPI growth on the national level by nearly half (1.5 percent). While PCPI in the region exceeds state and national levels, the values are not normalized for cost of living or other factors that impact purchasing power and quality of life.

How is this metric determined?
Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area. In computing per capita personal income, the Bureau of Economic Analysis uses the Census Bureau's annual midyear population estimates. The best available data is for the Valdez-Cordova Census Area, which includes places outside of the PWSEDD.

Why does this matter?
Per capita personal income is often used as a general indicator of the quality of consumer markets and of the economic well-being of the residents of a given area.

Source: U.S. Bureau of Economic Analysis, CA1 Personal Income Summary: Personal Income, Population, Per Capita Personal Income