BEARFACTS 1996 – 2006
← Philadelphia-Camden-Vineland, PA-NJ-DE-MD (EA) (57127)
PER CAPITA PERSONAL INCOME
In 2006 Philadelphia-Camden-Vineland had a per capita personal income (PCPI) of $41,778. This PCPI ranked 9th in the United States and was 114 percent of the national average, $36,714. The 2006 PCPI reflected an increase of 5.8 percent from 2005. The 2005-2006 national change was 5.6 percent. In 1996 the PCPI of Philadelphia-Camden-Vineland was $27,005 and ranked 7th in the United States. The 1996-2006 average annual growth rate of PCPI was 4.5 percent. The average annual growth rate for the nation was 4.3 percent.
TOTAL PERSONAL INCOME
In 2006 Philadelphia-Camden-Vineland had a total personal income (TPI) of $287,364,730*. This TPI ranked 7th in the United States. In 1996 the TPI of Philadelphia-Camden-Vineland was $178,364,588* and ranked 7th in the United States. The 2006 TPI reflected an increase of 6.2 percent from 2005. The 2005-2006 national change was 6.7 percent. The 1996-2006 average annual growth rate of TPI was 4.9 percent. The average annual growth rate for the nation was 5.4 percent.
COMPONENTS OF TOTAL PERSONAL INCOME
Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Philadelphia-Camden-Vineland. In 2006 net earnings accounted for 69.4 percent of TPI (compared with 67.0 in 1996); dividends, interest, and rent were 15.2 percent (compared with 18.0 in 1996); and personal current transfer receipts were 15.4 percent (compared with 15.0 in 1996). From 2005 to 2006 net earnings increased 5.0 percent; dividends, interest, and rent increased 11.8 percent; and personal current transfer receipts increased 6.4 percent. From 1996 to 2006 net earnings increased on average 5.3 percent each year; dividends, interest, and rent increased on average 3.1 percent; and personal current transfer receipts increased on average 5.2 percent.
EARNINGS BY PLACE OF WORK
Earnings of persons employed in Philadelphia-Camden-Vineland increased from $209,142,994* in 2005 to $219,679,018* in 2006, an increase of 5.0 percent. The 2005-2006 national change was 5.7 percent. The average annual growth rate from the 1996 estimate of $132,531,737* to the 2006 estimate was 5.2 percent. The average annual growth rate for the nation was 5.5 percent.
*Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation.
