This indicator tracks the annual growth of per capita income
This indicator is part of Vital, sustainable economy.
This indicator tracks the annual growth in per capita personal income for the Albuquerque Metropolitan Statistical Area (MSA) as well as the U.S and several other regional MSAs. Personal income is often used as an indicator of financial well-being but because it is an average, it does not reflect income distribution. Per capita incomes can go up due to higher incomes for some persons while many are experiencing declining incomes or even unemployment. The measure shows how income grows over time per person, therefore adjusting for the growth in population of the area. Personal income includes wage and salaries, rents, other income and transfer payments such as Social Security.
Why is this indicator relevant?
Personal income is an indicator of financial well-being. It indicates how well the economy has performed over time and also how Albuquerque has done in comparison with similar metropolitan statistical areas and the United States as a whole. Albuquerque’s per capita income may be understated, because the city has a slightly younger population and slightly larger average family size.
Rollover and click the interactive graphs to make comparisons
U.S. Department of Commerce, Bureau of Economic Analysis
What can we tell from the data?
- In the Albuquerque MSA, annual per capita income took a 181% decrease in 2009 from 2008. It rebounded 138% in 2010 to a level similar to 2003.
- The four year average of Albuquerque's annual growth of per capita income ranks 4th among 7 peer cities. It is higher than the US average of 0.04%.
- Albuquerque's per capita income, since 2002, has grown 22%. This is the lowest level of growth among the seven peer cities. The US per capita income growth in this time period was 26%.
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