Description of the Indicator
Per capita income is determined by compiling all sources of income, including wages, salary disbursements, wage and salary supplements to proprietor’s income, rental income, personal dividend income, personal interest income, and transfer receipts less contributions for government social insurance. Total income is then divided by the area’s population.
Why is it important?
Per Capita Income is important because it directly indicative of the regional economy and the residents’ abilities to meet basic necessities.
How is the region performing?
Per capita income is rising in all geographies. However, none of the counties are near the state level of per capita income. Thus, the region continues to lag.