Sherman County’s Per Capita Personal Income Ranked as Oregon’s Highest in 2016April 17, 2018 Sherman County’s per capita personal income led the state in 2016 at $55,846. Sherman County’s good fortune produced a per capita income gap of $10,447, some 23 percent higher than Oregon’s $45,399. Per capita incomes in Washington, Multnomah and Clackamas counties ranked second through fourth, respectively, while Columbia Gorge neighbor Hood River County ranked fifth. Sherman County’s personal income total reached $95.5 million in 2016 with 1,710 residents, while Oregon’s totaled $185.8 billion with a population of nearly 4.1 million.
Sherman County held per capita advantages across all three major personal income sources in 2016: 1) net earnings; 2) transfer receipts; and, 3) dividends, interest, and rent. Net earnings (by place of residence) ranked fourth per capita among Oregon’s 36 counties and transfer receipts likewise placed fourth, while dividends, interest, and rent placed ninth.
Net earnings in Sherman County totaled $57 million in 2016 or $33,351 per capita to hold a $5,877 gap over Oregon’s $27,464. Earnings in Sherman County totaled $73.5 million in 2016, with an $8.8 million adjustment for outflow based on residency. Its transfer receipts enjoyed a per capita margin of $3,976, some 44 percent above Oregon’s $8,950. The margin for dividends, interest, and rent was comparatively slim, producing an advantage of $584 or 6 percent with a per capita value of $9,570.
Sherman County’s per capita income ranked first among Oregon counties in each of the last five years. Despite Sherman County’s steady ranking, its per capita income actually peaked in 2013 at $59,122, about 6 percent higher than 2016’s $55,846. Sherman County’s population was essentially unchanged between 2013 and 2016, while its personal income total fell by $5.7 million or $3,310 per capita.
Net earnings changed very little from 2014 to 2016, holding at $57 million, about $11 million below Sherman County’s 2013 peak of $68 million. Farm earnings fell substantially over that period, peaking at $36.9 million in 2013 and falling to just $14 million in 2016. Transfer receipts grew substantially, rising by $3.7 million or 20 percent since 2013 to $22.1 million. Dividends, interest, and rent produced a three-year gain of $1.6 million or 11 percent to total $16.4 million in 2016.