Mills County vs. Texas
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Mills County vs. Texas
Mills County:
2022 PCI = $51,682
2022 Percent of State = 82.58%
Texas:
2022 PCI = $62,586
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Mills County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Mills County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Mills County's annual per capita 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 Mills County over time.
When measured in current dollars, Mills County's per capita personal income increased 1,813.13%, from $2,701 in 1970 to $51,682 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 225.87%, from $13,667 in 1970 to $44,537 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Mills County's and Texas' annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Mills County's real per capita personal income rose from $13,292 in 1969 to $44,537 in 2022, for a net gain of $31,245, or 235.08%. In comparison, Texas' real per capita personal income advanced from $18,496 in 1969 to $53,933 in 2022, for a net gain of $35,438, or 191.60%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Mills County's real per capita personal income growth in a broader context by offering direct comparisons across time with Texas, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Mills County's overall real per capita personal income growth was 235.08% over 1969-2022 outpaced Texas' increase of 191.60%, and outpaced the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Mills County and Texas per capita personal income as a percent of the national average over 1969-2022.
In 1969, Mills County's per capita personal income amounted to 63.85% of the national average; in 2022, it approximated 78.94%. Similarly, in 1969, Texas' per capita personal income totaled 88.85% of the national average; in 2022, it consisted of 95.59%.
Mills County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Mills County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Mills County's real per capita 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 traced 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, Mills County's real per capita personal income grew at an annual rate of 2.46% over 1970-2022. The county recorded its highest growth in 1973 (24.35%) and recorded its lowest growth in 1975 (-8.12%). In 2022, Mills County's real per capita personal income declined by -7.34%
Mills County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Mills County Real Per Capita 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 illustrates the annual percent change in Mills County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Mills County's annual real per capita personal income growth rate averaged 5.11%. It averaged 1.51% during the 1980s, 1.72% during the 1990s, 0.87% in the 2000s, 3.14% in the 2010s, 2.24% thus far this decade (2020-2022).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Mills County noted in the previous graph with the corresponding decade averages for Texas and the nation. As the chart reveals, Mills County's average annual real per capita personal income growth outpaced Texas' average during the 1970s (5.11% vs. 3.30%), outperformed Texas' average throughout the 1980s (1.51% vs. 1.17%), fell below Texas' average throughout the 1990s (1.72% vs. 2.54%), trailed Texas' average in the 2000s (0.87% vs. 1.37%), topped Texas' average in the 2010s (3.14% vs. 2.11%), and topped Texas' average over the 3 year period of the current decade, 2020-2022 (2.24% vs. 1.65%).
Finally, relative to nationwide real per capita personal income growth trends, Mills County outgained the nation over the 1970s (5.11% vs. 2.37%), trailed the nation in the 1980s (1.51% vs. 2.19%), posted below the nation over the 1990s (1.72% vs. 2.01%), fell below the nation over the 2000s (0.87% vs. 1.10%), outperformed the nation throughout the 2010s (3.14% vs. 1.97%), and recorded above the nation over 2020-2022 (2.24% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.46
5.11
1.51
1.72
0.87
3.14
2.24
-7.34
 
2.07
3.30
1.17
2.54
1.37
2.11
1.65
-2.91
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

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Mills County:
Per Capita Personal Income, 1969-2022
 
1969
 
2,510
0.189
13,292
100.0
N
71.86
63.85
1970
 
2,701
0.198
13,667
102.8
2.82
71.43
64.35
1971
 
2,873
0.206
13,944
104.9
2.03
71.71
64.27
1972
 
2,986
0.213
14,015
105.4
0.51
68.62
61.49
1973
 
3,913
0.225
17,428
131.1
24.35
80.94
72.97
1974
 
4,551
0.248
18,354
138.1
5.31
85.19
77.98
1975
 
4,530
0.269
16,864
126.9
-8.12
76.16
71.63
1976
 
5,179
0.283
18,279
137.5
8.39
79.34
75.33
1977
 
5,399
0.302
17,893
134.6
-2.11
75.79
71.84
1978
 
6,809
0.323
21,097
158.7
17.90
84.87
81.49
1979
 
7,416
0.351
21,103
158.8
0.03
82.61
80.33
1980
 
8,657
0.389
22,238
167.3
5.38
86.69
85.01
1981
 
9,720
0.424
22,917
172.4
3.05
85.21
86.08
1982
 
10,476
0.448
23,398
176.0
2.10
86.61
87.37
1983
 
11,615
0.467
24,885
187.2
6.35
92.36
91.45
1984
 
11,601
0.484
23,951
180.2
-3.75
85.73
83.53
1985
 
11,572
0.501
23,085
173.7
-3.62
80.66
78.47
1986
 
12,128
0.512
23,678
178.1
2.57
84.09
78.33
1987
 
12,266
0.528
23,231
174.8
-1.89
83.99
75.59
1988
 
12,837
0.549
23,397
176.0
0.71
82.92
73.60
1989
 
13,957
0.573
24,374
183.4
4.18
85.11
74.80
1990
 
14,691
0.598
24,577
184.9
0.83
84.18
74.88
1991
 
14,627
0.618
23,678
178.1
-3.66
81.66
72.95
1992
 
15,782
0.634
24,885
187.2
5.10
83.32
74.88
1993
 
15,932
0.650
24,511
184.4
-1.50
81.27
73.38
1994
 
16,931
0.664
25,516
192.0
4.10
83.55
75.08
1995
 
17,126
0.678
25,277
190.2
-0.93
80.70
72.64
1996
 
17,127
0.692
24,749
186.2
-2.09
76.59
69.27
1997
 
18,560
0.704
26,360
198.3
6.51
77.58
71.59
1998
 
19,104
0.710
26,920
202.5
2.12
74.79
69.49
1999
 
20,689
0.720
28,734
216.2
6.74
78.21
72.36
2000
 
21,826
0.738
29,566
222.4
2.89
77.25
71.44
2001
 
23,712
0.753
31,489
236.9
6.50
80.11
75.16
2002
 
23,630
0.763
30,973
233.0
-1.64
80.15
74.31
2003
 
24,493
0.779
31,444
236.6
1.52
81.17
75.00
2004
 
25,624
0.798
32,100
241.5
2.08
82.40
74.96
2005
 
25,396
0.821
30,923
232.6
-3.67
76.64
71.20
2006
 
27,479
0.844
32,543
244.8
5.24
77.58
72.61
2007
 
26,268
0.866
30,330
228.2
-6.80
71.23
66.35
2008
 
27,493
0.892
30,832
232.0
1.65
69.01
67.30
2009
 
27,671
0.889
31,119
234.1
0.93
74.32
70.40
2010
 
30,274
0.905
33,447
251.6
7.48
77.80
74.65
2011
 
32,258
0.928
34,760
261.5
3.93
76.92
75.64
2012
 
33,559
0.945
35,499
267.1
2.13
76.51
75.86
2013
 
34,860
0.958
36,395
273.8
2.52
78.52
78.51
2014
 
37,194
0.971
38,297
288.1
5.23
79.58
80.36
2015
 
39,489
0.973
40,585
305.3
5.97
84.45
82.17
2016
 
37,355
0.983
38,007
285.9
-6.35
81.45
76.28
2017
 
39,311
1.000
39,311
295.8
3.43
81.02
77.08
2018
 
41,646
1.020
40,810
307.0
3.81
81.12
78.12
2019
 
43,630
1.035
42,150
317.1
3.28
81.94
78.55
2020
 
50,337
1.046
48,107
361.9
14.13
91.33
85.10
2021
 
52,391
1.090
48,065
361.6
-0.09
86.53
81.31
2022
 
51,682
1.160
44,537
335.1
-7.34
82.58
78.94
Source: Calculations by the Texas Regional Economic Analysis Project (TX-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

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

   
 
Texas:
Per Capita Personal Income, 1969-2022
 
1969
 
3,493
0.189
18,496
100.0
N
88.85
1970
 
3,782
0.198
19,134
103.4
3.45
90.09
1971
 
4,007
0.206
19,446
105.1
1.63
89.62
1972
 
4,352
0.213
20,424
110.4
5.03
89.60
1973
 
4,835
0.225
21,532
116.4
5.43
90.16
1974
 
5,342
0.248
21,546
116.5
0.06
91.54
1975
 
5,947
0.269
22,142
119.7
2.77
94.05
1976
 
6,528
0.283
23,039
124.6
4.05
94.95
1977
 
7,124
0.302
23,608
127.6
2.47
94.79
1978
 
8,023
0.323
24,858
134.4
5.29
96.02
1979
 
8,978
0.351
25,546
138.1
2.77
97.24
1980
 
9,986
0.389
25,652
138.7
0.42
98.06
1981
 
11,407
0.424
26,893
145.4
4.84
101.02
1982
 
12,095
0.448
27,014
146.1
0.45
100.87
1983
 
12,577
0.467
26,944
145.7
-0.26
99.02
1984
 
13,533
0.484
27,938
151.1
3.69
97.43
1985
 
14,346
0.501
28,619
154.7
2.44
97.29
1986
 
14,422
0.512
28,157
152.2
-1.61
93.15
1987
 
14,605
0.528
27,661
149.6
-1.76
90.00
1988
 
15,480
0.549
28,215
152.5
2.00
88.75
1989
 
16,399
0.573
28,639
154.8
1.50
87.89
1990
 
17,451
0.598
29,195
157.8
1.94
88.95
1991
 
17,913
0.618
28,997
156.8
-0.68
89.34
1992
 
18,941
0.634
29,866
161.5
2.99
89.87
1993
 
19,604
0.650
30,161
163.1
0.99
90.29
1994
 
20,266
0.664
30,541
165.1
1.26
89.86
1995
 
21,223
0.678
31,323
169.4
2.56
90.01
1996
 
22,362
0.692
32,313
174.7
3.16
90.44
1997
 
23,924
0.704
33,980
183.7
5.16
92.28
1998
 
25,543
0.710
35,993
194.6
5.92
92.91
1999
 
26,452
0.720
36,738
198.6
2.07
92.51
2000
 
28,253
0.738
38,271
206.9
4.17
92.48
2001
 
29,601
0.753
39,310
212.5
2.71
93.83
2002
 
29,481
0.763
38,642
208.9
-1.70
92.70
2003
 
30,176
0.779
38,740
209.5
0.25
92.40
2004
 
31,097
0.798
38,955
210.6
0.55
90.97
2005
 
33,136
0.821
40,347
218.1
3.57
92.90
2006
 
35,422
0.844
41,949
226.8
3.97
93.60
2007
 
36,879
0.866
42,582
230.2
1.51
93.16
2008
 
39,841
0.892
44,680
241.6
4.93
97.52
2009
 
37,234
0.889
41,873
226.4
-6.28
94.73
2010
 
38,910
0.905
42,988
232.4
2.66
95.94
2011
 
41,937
0.928
45,189
244.3
5.12
98.33
2012
 
43,863
0.945
46,399
250.9
2.68
99.15
2013
 
44,396
0.958
46,352
250.6
-0.10
99.99
2014
 
46,739
0.971
48,124
260.2
3.82
100.98
2015
 
46,760
0.973
48,058
259.8
-0.14
97.29
2016
 
45,862
0.983
46,662
252.3
-2.90
93.65
2017
 
48,518
1.000
48,518
262.3
3.98
95.13
2018
 
51,341
1.020
50,312
272.0
3.70
96.31
2019
 
53,247
1.035
51,440
278.1
2.24
95.86
2020
 
55,118
1.046
52,676
284.8
2.40
93.18
2021
 
60,548
1.090
55,548
300.3
5.45
93.97
2022
 
62,586
1.160
53,933
291.6
-2.91
95.59
Source: Calculations by the Texas Regional Economic Analysis Project (TX-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_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:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the Texas Regional Economic Analysis Project (TX-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
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BrewsterLive Oak
BriscoeLlano
BrooksLoving
BrownLubbock
BurlesonLynn
BurnetMcCulloch
CaldwellMcLennan
CalhounMcMullen
CallahanMadison
CameronMarion
CampMartin
CarsonMason
CassMatagorda
CastroMaverick
ChambersMedina
CherokeeMenard
ChildressMidland
ClayMilam
CochranMills
CokeMitchell
ColemanMontague
CollinMontgomery
CollingsworthMoore
ColoradoMorris
ComalMotley
ComancheNacogdoches
ConchoNavarro
CookeNewton
CoryellNolan
CottleNueces
CraneOchiltree
CrockettOldham
CrosbyOrange
CulbersonPalo Pinto
DallamPanola
DallasParker
DawsonParmer
Deaf SmithPecos
DeltaPolk
DentonPotter
DeWittPresidio
DickensRains
DimmitRandall
DonleyReagan
DuvalReal
EastlandRed River
EctorReeves
EdwardsRefugio
EllisRoberts
El PasoRobertson
ErathRockwall
FallsRunnels
FanninRusk
FayetteSabine
FisherSan Augustine
FloydSan Jacinto
FoardSan Patricio
Fort BendSan Saba
FranklinSchleicher
FreestoneScurry
FrioShackelford
GainesShelby
GalvestonSherman
GarzaSmith
GillespieSomervell
GlasscockStarr
GoliadStephens
GonzalesSterling
GrayStonewall
GraysonSutton
GreggSwisher
GrimesTarrant
GuadalupeTaylor
HaleTerrell
HallTerry
HamiltonThrockmorton
HansfordTitus
HardemanTom Green
HardinTravis
HarrisTrinity
HarrisonTyler
HartleyUpshur
HaskellUpton
HaysUvalde
HemphillVal Verde
HendersonVan Zandt
HidalgoVictoria
HillWalker
HockleyWaller
HoodWard
HopkinsWashington
HoustonWebb
HowardWharton
HudspethWheeler
HuntWichita
HutchinsonWilbarger
IrionWillacy
JackWilliamson
JacksonWilson
JasperWinkler
Jeff DavisWise
JeffersonWood
Jim HoggYoakum
Jim WellsYoung
JohnsonZapata
JonesZavala
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