Lane County’s Per Capita Personal Income Increased in 2018December 9, 2019 The U.S. Department of Commerce, Bureau of Economic Analysis released its 2018 estimates of personal income for substate areas (counties and townships) in late November 2019.
Personal income includes all forms of income: earnings by place of work; dividends, interest, and rent; and government transfer payments (largely Social Security and Medicare). Total personal income is then divided by population to create per capita personal income.
Lane County’s real (inflation adjusted) per capita personal income increased $890 (2.0%) in 2018 to reach $45,919. In comparison, Oregon grew by $1,290 (2.6%) to reach $50,843 and the U.S. grew and $1,300 (2.4%) to reach $54,446. This increase in 2018 in Lane County followed increases of 1.3 percent in 2016 and 1.9 percent in 2017.
Lane County’s total personal income rose by approximately $919 million between 2017 and 2018 to reach $17.4 billion, a 5.6 percent increase. When the data are adjusted for inflation, however, total personal income increased by $516 million, or 3.1 percent. The increase in 2018 follows an inflation-adjusted increase of roughly $600 million (3.7%) in 2017.
The components of personal income for Lane County show that 54 percent was from earnings; 23 percent from dividends, interest, and rent; and 23 percent from transfer payments, primarily in the form of Social Security and Medicare. Lane County has similar component portions of personal income compared with the U.S. and Oregon, although Lane County is somewhat higher in transfer payments and lower in earnings by place of work, likely indicating a somewhat higher proportion of retirees and students.
Relative to other areas, Lane County’s per capita personal income remained about 90 percent of the statewide and 84 percent of the U.S. figures. Lane County’s per capita personal income ranked 10th among Oregon’s 36 counties.