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Community Assessment
Utah County Income
Household Income
Per Capita Personal Income
Total Personal Income
Components of Total Personal Income
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53.49% of the Utah County population has a household income between $25,000 and $75,000, with 35.4% of the population with a household income of less than $25,000, and 22.44% of the population with a household income of more than $75,000.
The household income breakdown as a percentage of total Utah County population is as follows: >10,000=5.12%, 10,000-15,000=4.79%, 15,000-25,000=12.27%, 25,000-35,000=13.22%, 35,000-50,000=19.3%, 50,000-75,000=22.86%, 75,000 100,000=11.33%, 100,000-150,000=7.62%, 150,000-200,000=1.94%, >200,000=1.55%)
Source:
- 2000 Census Data
In 2002 Utah had a per capita personal income (PCPI) of $19,603. This PCPI ranked 20th in the state and was 80 percent of the state average, $24,639, and 63 percent of the national average, $30,906.
The 2002 PCPI reflected a decrease of 0.6 percent from 2001. The 2001-2002 state change was 1.0 percent and the national change was 1.2 percent. In 1992 the PCPI of Utah was $13,306 and ranked 19th in the state. The 1992-2002 average annual growth rate of PCPI was 4.0 percent. The average annual growth rate for the state was 4.3 percent and for the nation was 4.0 percent.
Sources:
- 2000 Census Data
- U.S. Department of Labor Data
In 2002 Utah had a total personal income (TPI) of $7,683,974. This TPI ranked 2nd in the state and accounted for 13.4 percent of the state total.
In 1992 the TPI of Utah was $3,778,504 and ranked 2nd in the state. The 2002 TPI reflected an increase of 1.8 percent from 2001. The 2001-2002 state change was 2.8 percent and the national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 7.4 percent. The average annual growth rate for the state was 6.8 percent and for the nation was 5.2 percent.
Sources:
- 2000 Census Data
- U.S. Department of Labor Data
Components of Total Personal Income
In 2002 net earnings accounted for 73.9 percent of TPI (compared with 72.7 in 1992); dividends, interest, and rent were 13.4 percent (compared with 14.1 in 1992); and personal current transfer receipts were 12.7 percent (compared with 13.2 in 1992).
Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Utah. From 2001 to 2002 net earnings increased 0.4 percent; dividends, interest, and rent increased 0.4 percent; and personal current transfer receipts increased 12.2 percent. From 1992 to 2002 net earnings increased on average 7.5 percent each year; dividends, interest, and rent increased on average 6.8 percent; and personal current transfer receipts increased on average 7.0 percent.
Sources:
- 2000 Census Data
- U.S. Department of Labor Data
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