Iowa County vs. Wisconsin
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Iowa County vs. Wisconsin
Iowa County:
2022 TPI = $1,403,198K
2022 Percent of State = 0.39%
Wisconsin:
2022 TPI = $362,245,267K
2022 Percent of U.S. = 1.66%
The annual total personal incomes (TPI) estimates compiled by the Bureau of Economic Analysis, (BEA) are among the most comprehensive, consistent, comparable and timely measures of economic activity available statewide and at the national levels. Personal income estimates are also the best available local level indicator of general purchasing power, and are therefore central to tracking and comparing county patterns of economic growth and change.
The following graphs highlight trends in the pattern of growth and change in the total personal income of Iowa County and Wisconsin with comparison to the nation. The data used are those compiled by the Regional Income and Product Divisions of the Bureau of Economic Analysis, U.S. Department of Commerce. The 2017 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Implicit Price Deflator for Personal Consumption.
Data Definition:
Personal income is the income received by persons from participation in production, plus transfer receipts from government and business, plus government interest (which is treated like a transfer receipt). It is defined as the sum of wages and salaries, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. Because the personal income of an area represents the income that is received by, or on behalf of, all the persons who live in that area, and because the estimates of some components of personal income (wages and salaries, supplements to wages and salaries, and contributions for government social insurance) are made on a place-of-work basis, state personal income includes an adjustment for residence. The residence adjustment represents the net flow of compensation (less contributions for government social insurance) of interstate commuters.
Iowa County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Iowa County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Iowa County's annual total 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 Iowa County over time.
When measured in current dollars, Iowa County's total personal income increased 2,097.85%, from $64M in 1970 to $1,403M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 274.37%, from $323M in 1970 to $1,209M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Iowa County's and Wisconsin's annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Iowa County's real total personal income rose from $311M in 1969 to $1,209M in 2022, for a net gain of $898M, or 288.93%. In comparison, Wisconsin's real total personal income advanced from $86,981M in 1969 to $312,165M in 2022, for a net gain of $225,184M, or 258.89%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Iowa County's real total personal income growth in a broader context by offering direct comparisons across time with Wisconsin, the United States. The growth indices shown here express each region's real total personal income in 1969 as a base figure of 100, and the real total personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total personal income growth between regions that may differ vastly in size.
Iowa County's overall real total personal income growth was 288.93% over 1969-2022 outpaced Wisconsin's increase of 258.89%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Wisconsin Total: 1969-2022
Total Personal Income as a Percent of the Wisconsin Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Iowa County is to compare its individual percentage contributions to Wisconsin's statewide total personal income over time, as shown in Figure 4. A rising share means a region's total personal income grew faster, or declined less, than Wisconsin's total personal income, while a declining share shows it grew more slowly.
In 1969, Iowa County's total personal income comprised 0.36% of Wisconsin's total personal income, while in 2022 it comprised 0.39% thereby yielding a +0.03% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.03%
=
0.39%
-
0.36%
 
   
Iowa County Real Total Personal Income:
Annual Percent Change, 1970-2022
Iowa County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Iowa County's real total 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 illustrated 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, Iowa County's real total personal income grew at an annual rate of 2.68% over 1970-2022. The county recorded its highest growth in 1989 (10.62%) and recorded its lowest growth in 1974 (-6.87%). In 2022, Iowa County's real total personal income declined by -4.74%
Iowa County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Iowa County Real Total 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 depicts the annual percent change in Iowa County's real total 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, Iowa County's annual real total personal income growth rate averaged 3.39%. It averaged 1.99% during the 1980s, 4.15% in the 1990s, 1.85% in the 2000s, 2.22% during the 2010s, 1.97% thus far this decade (2020-2022).
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Iowa County noted in the previous graph with the corresponding decade averages for Wisconsin and the nation. As the chart reveals, Iowa County's average annual real total personal income growth amounted to less than Wisconsin's average during the 1970s (3.39% vs. 3.44%), lagged Wisconsin's average during the 1980s (1.99% vs. 2.07%), registered above Wisconsin's average during the 1990s (4.15% vs. 3.32%), surpassed Wisconsin's average during the 2000s (1.85% vs. 1.65%), registered above Wisconsin's average throughout the 2010s (2.22% vs. 2.04%), and exceeded Wisconsin's average over the 3 year period of the current decade, 2020-2022 (1.97% vs. 1.71%).
Finally, relative to nationwide real total personal income growth trends, Iowa County fell below the nation in the 1970s (3.39% vs. 3.50%), fell under the nation over the 1980s (1.99% vs. 3.16%), topped the nation during the 1990s (4.15% vs. 3.27%), posted below the nation throughout the 2000s (1.85% vs. 2.06%), posted below the nation throughout the 2010s (2.22% vs. 2.72%), and fell under the nation over 2020-2022 (1.97% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.68
3.39
1.99
4.15
1.85
2.22
1.97
-4.74
 
2.46
3.44
2.07
3.32
1.65
2.04
1.71
-4.16
 
2.89
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Iowa County:
Total Personal Income, 1969-2022
 
1969
 
58,709
0.189
310,909
100.0
N
0.36
1970
 
63,844
0.198
322,999
103.9
3.89
0.36
1971
 
69,007
0.206
334,904
107.7
3.69
0.36
1972
 
74,584
0.213
350,028
112.6
4.52
0.36
1973
 
84,750
0.225
377,422
121.4
7.83
0.37
1974
 
87,145
0.248
351,490
113.1
-6.87
0.34
1975
 
97,536
0.269
363,127
116.8
3.31
0.35
1976
 
101,867
0.283
359,535
115.6
-0.99
0.33
1977
 
115,357
0.302
382,281
123.0
6.33
0.34
1978
 
130,871
0.323
405,475
130.4
6.07
0.34
1979
 
151,209
0.351
430,268
138.4
6.11
0.35
1980
 
167,883
0.389
431,265
138.7
0.23
0.35
1981
 
179,013
0.424
422,051
135.7
-2.14
0.35
1982
 
185,027
0.448
413,274
132.9
-2.08
0.34
1983
 
185,346
0.467
397,091
127.7
-3.92
0.32
1984
 
208,158
0.484
429,732
138.2
8.22
0.33
1985
 
221,152
0.501
441,175
141.9
2.66
0.33
1986
 
239,631
0.512
467,856
150.5
6.05
0.34
1987
 
258,432
0.528
489,436
157.4
4.61
0.35
1988
 
256,899
0.549
468,238
150.6
-4.33
0.33
1989
 
296,581
0.573
517,946
166.6
10.62
0.35
1990
 
299,879
0.598
501,680
161.4
-3.14
0.33
1991
 
307,708
0.618
498,119
160.2
-0.71
0.33
1992
 
342,479
0.634
540,017
173.7
8.41
0.34
1993
 
359,402
0.650
552,926
177.8
2.39
0.34
1994
 
390,416
0.664
588,366
189.2
6.41
0.34
1995
 
402,623
0.678
594,242
191.1
1.00
0.34
1996
 
448,336
0.692
647,856
208.4
9.02
0.36
1997
 
476,861
0.704
677,292
217.8
4.54
0.36
1998
 
525,008
0.710
739,792
237.9
9.23
0.37
1999
 
555,682
0.720
771,770
248.2
4.32
0.37
2000
 
597,085
0.738
808,817
260.1
4.80
0.38
2001
 
650,518
0.753
863,879
277.9
6.81
0.39
2002
 
698,707
0.763
915,845
294.6
6.02
0.41
2003
 
671,267
0.779
861,770
277.2
-5.90
0.38
2004
 
725,763
0.798
909,170
292.4
5.50
0.40
2005
 
748,331
0.821
911,188
293.1
0.22
0.39
2006
 
759,324
0.844
899,247
289.2
-1.31
0.38
2007
 
806,370
0.866
931,068
299.5
3.54
0.38
2008
 
826,135
0.892
926,472
298.0
-0.49
0.38
2009
 
818,028
0.889
919,949
295.9
-0.70
0.38
2010
 
853,211
0.905
942,629
303.2
2.47
0.38
2011
 
911,141
0.928
981,791
315.8
4.15
0.39
2012
 
950,040
0.945
1,004,972
323.2
2.36
0.39
2013
 
953,023
0.958
995,002
320.0
-0.99
0.39
2014
 
998,282
0.971
1,027,875
330.6
3.30
0.39
2015
 
1,032,691
0.973
1,061,358
341.4
3.26
0.39
2016
 
1,034,567
0.983
1,052,630
338.6
-0.82
0.38
2017
 
1,071,632
1.000
1,071,632
344.7
1.81
0.38
2018
 
1,124,128
1.020
1,101,579
354.3
2.79
0.38
2019
 
1,184,303
1.035
1,144,110
368.0
3.86
0.38
2020
 
1,261,491
1.046
1,205,611
387.8
5.38
0.39
2021
 
1,383,617
1.090
1,269,362
408.3
5.29
0.39
2022
 
1,403,198
1.160
1,209,205
388.9
-4.74
0.39
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Wisconsin:
Total Personal Income, 1969-2022
 
1969
 
16,424,603
0.189
86,980,898
100.0
N
2.08
1970
 
17,648,753
0.198
89,288,440
102.7
2.65
2.06
1971
 
18,959,244
0.206
92,012,832
105.8
3.05
2.05
1972
 
20,731,568
0.213
97,294,763
111.9
5.74
2.04
1973
 
23,157,827
0.225
103,129,935
118.6
6.00
2.04
1974
 
25,436,474
0.248
102,595,386
118.0
-0.52
2.04
1975
 
27,871,968
0.269
103,767,565
119.3
1.14
2.05
1976
 
30,609,129
0.283
108,033,491
124.2
4.11
2.05
1977
 
34,210,389
0.302
113,369,529
130.3
4.94
2.07
1978
 
38,209,862
0.323
118,384,750
136.1
4.42
2.06
1979
 
42,797,838
0.351
121,781,971
140.0
2.87
2.06
1980
 
47,299,027
0.389
121,503,871
139.7
-0.23
2.04
1981
 
51,586,511
0.424
121,623,272
139.8
0.10
1.99
1982
 
54,425,987
0.448
121,565,270
139.8
-0.05
1.96
1983
 
57,213,708
0.467
122,576,288
140.9
0.83
1.93
1984
 
62,839,302
0.484
129,728,735
149.1
5.84
1.92
1985
 
66,243,939
0.501
132,149,575
151.9
1.87
1.89
1986
 
69,881,373
0.512
136,436,426
156.9
3.24
1.88
1987
 
73,507,230
0.528
139,212,965
160.1
2.04
1.87
1988
 
78,389,485
0.549
142,877,035
164.3
2.63
1.84
1989
 
85,446,559
0.573
149,222,960
171.6
4.44
1.86
1990
 
90,418,024
0.598
151,263,946
173.9
1.37
1.85
1991
 
94,089,052
0.618
152,311,736
175.1
0.69
1.85
1992
 
101,342,383
0.634
159,795,621
183.7
4.91
1.87
1993
 
106,615,006
0.650
164,023,086
188.6
2.65
1.89
1994
 
113,266,452
0.664
170,695,117
196.2
4.07
1.91
1995
 
119,152,526
0.678
175,860,504
202.2
3.03
1.90
1996
 
125,937,358
0.692
181,982,512
209.2
3.48
1.89
1997
 
133,808,682
0.704
190,050,254
218.5
4.43
1.89
1998
 
143,130,045
0.710
201,685,354
231.9
6.12
1.89
1999
 
148,737,033
0.720
206,576,343
237.5
2.43
1.86
2000
 
158,494,204
0.738
214,697,792
246.8
3.93
1.84
2001
 
166,593,201
0.753
221,233,435
254.3
3.04
1.85
2002
 
171,010,014
0.763
224,154,899
257.7
1.32
1.87
2003
 
175,794,284
0.779
225,683,986
259.5
0.68
1.86
2004
 
183,721,399
0.798
230,149,447
264.6
1.98
1.84
2005
 
189,779,153
0.821
231,080,099
265.7
0.40
1.80
2006
 
201,058,382
0.844
238,107,984
273.7
3.04
1.78
2007
 
210,529,869
0.866
243,086,435
279.5
2.09
1.77
2008
 
219,194,538
0.892
245,816,461
282.6
1.12
1.76
2009
 
216,211,889
0.889
243,150,537
279.5
-1.08
1.79
2010
 
222,260,933
0.905
245,554,205
282.3
0.99
1.77
2011
 
234,631,562
0.928
252,824,837
290.7
2.96
1.76
2012
 
244,508,303
0.945
258,645,887
297.4
2.30
1.76
2013
 
245,762,269
0.958
256,587,704
295.0
-0.80
1.75
2014
 
255,165,329
0.971
262,729,306
302.1
2.39
1.73
2015
 
266,132,029
0.973
273,519,799
314.5
4.11
1.72
2016
 
270,846,626
0.983
275,575,502
316.8
0.75
1.71
2017
 
281,979,549
1.000
281,979,549
324.2
2.32
1.69
2018
 
295,996,804
1.020
290,059,290
333.5
2.87
1.69
2019
 
307,907,603
1.035
297,457,907
342.0
2.55
1.68
2020
 
326,836,532
1.046
312,358,706
359.1
5.01
1.67
2021
 
355,048,009
1.090
325,729,130
374.5
4.28
1.66
2022
 
362,245,267
1.160
312,164,686
358.9
-4.16
1.66
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_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:
Total Personal Income, 1969-2022
 
1969
 
791,229,000
0.189
4,190,165,758
100.0
N
1970
 
855,525,000
0.198
4,328,265,709
103.3
3.30
1971
 
924,613,000
0.206
4,487,323,465
107.1
3.67
1972
 
1,016,408,000
0.213
4,770,076,966
113.8
6.30
1973
 
1,133,468,000
0.225
5,047,731,018
120.5
5.82
1974
 
1,244,912,000
0.248
5,021,223,733
119.8
-0.53
1975
 
1,362,505,000
0.269
5,072,617,275
121.1
1.02
1976
 
1,495,704,000
0.283
5,279,017,400
126.0
4.07
1977
 
1,651,632,000
0.302
5,473,329,799
130.6
3.68
1978
 
1,855,849,000
0.323
5,749,934,936
137.2
5.05
1979
 
2,073,296,000
0.351
5,899,598,782
140.8
2.60
1980
 
2,313,972,000
0.389
5,944,235,512
141.9
0.76
1981
 
2,590,995,000
0.424
6,108,676,176
145.8
2.77
1982
 
2,777,640,000
0.448
6,204,105,336
148.1
1.56
1983
 
2,969,333,000
0.467
6,361,584,112
151.8
2.54
1984
 
3,275,415,000
0.484
6,761,937,695
161.4
6.29
1985
 
3,508,482,000
0.501
6,999,046,441
167.0
3.51
1986
 
3,717,756,000
0.512
7,258,548,586
173.2
3.71
1987
 
3,931,800,000
0.528
7,446,308,852
177.7
2.59
1988
 
4,264,433,000
0.549
7,772,592,728
185.5
4.38
1989
 
4,605,107,000
0.573
8,042,309,775
191.9
3.47
1990
 
4,897,332,000
0.598
8,192,943,538
195.5
1.87
1991
 
5,072,291,000
0.618
8,211,045,100
196.0
0.22
1992
 
5,406,546,000
0.634
8,524,985,809
203.5
3.82
1993
 
5,643,648,000
0.650
8,682,535,385
207.2
1.85
1994
 
5,933,938,000
0.664
8,942,579,420
213.4
3.00
1995
 
6,278,125,000
0.678
9,266,058,093
221.1
3.62
1996
 
6,660,854,000
0.692
9,625,094,288
229.7
3.87
1997
 
7,068,422,000
0.704
10,039,373,926
239.6
4.30
1998
 
7,584,003,000
0.710
10,686,661,406
255.0
6.45
1999
 
7,978,449,000
0.720
11,081,025,264
264.5
3.69
2000
 
8,620,234,000
0.738
11,677,052,911
278.7
5.38
2001
 
8,990,104,000
0.753
11,938,732,039
284.9
2.24
2002
 
9,146,700,000
0.763
11,989,225,466
286.1
0.42
2003
 
9,474,684,000
0.779
12,163,560,736
290.3
1.45
2004
 
10,008,929,000
0.798
12,538,275,270
299.2
3.08
2005
 
10,540,800,000
0.821
12,834,755,927
306.3
2.36
2006
 
11,291,446,000
0.844
13,372,153,008
319.1
4.19
2007
 
11,925,044,000
0.866
13,769,145,681
328.6
2.97
2008
 
12,423,410,000
0.892
13,932,275,429
332.5
1.18
2009
 
12,058,253,000
0.889
13,560,635,845
323.6
-2.67
2010
 
12,547,501,000
0.905
13,862,497,514
330.8
2.23
2011
 
13,299,818,000
0.928
14,331,082,712
342.0
3.38
2012
 
13,905,749,000
0.945
14,709,785,897
351.1
2.64
2013
 
14,063,283,000
0.958
14,682,748,144
350.4
-0.18
2014
 
14,778,160,000
0.971
15,216,235,418
363.1
3.63
2015
 
15,467,113,000
0.973
15,896,476,839
379.4
4.47
2016
 
15,884,741,000
0.983
16,162,082,333
385.7
1.67
2017
 
16,658,962,000
1.000
16,658,962,000
397.6
3.07
2018
 
17,514,402,000
1.020
17,163,073,878
409.6
3.03
2019
 
18,343,601,000
1.035
17,721,060,157
422.9
3.25
2020
 
19,609,985,000
1.046
18,741,324,605
447.3
5.76
2021
 
21,392,812,000
1.090
19,626,252,970
468.4
4.72
2022
 
21,820,248,000
1.160
18,803,588,325
448.8
-4.19
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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