Franklin County vs. Kansas
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Franklin County vs. Kansas
Franklin County:
2022 TPI = $1,257,354K
2022 Percent of State = 0.71%
Kansas:
2022 TPI = $177,474,668K
2022 Percent of U.S. = 0.81%
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 Franklin County and Kansas 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.
Franklin County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Franklin County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Franklin 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 Franklin County over time.
When measured in current dollars, Franklin County's total personal income increased 1,767.62%, from $67M in 1970 to $1,257M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 218.12%, from $341M in 1970 to $1,084M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Franklin County's and Kansas' annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Franklin County's real total personal income rose from $320M in 1969 to $1,084M in 2022, for a net gain of $763M, or 238.08%. In comparison, Kansas' real total personal income increased from $43,398M in 1969 to $152,939M in 2022, for a net gain of $109,541M, or 252.41%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Franklin County's real total personal income growth in a broader context by offering direct comparisons across time with Kansas, 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.
Franklin County's overall real total personal income growth was 238.08% over 1969-2022 trailed Kansas' increase of 252.41%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Kansas Total: 1969-2022
Total Personal Income as a Percent of the Kansas Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Franklin County is to compare its individual percentage contributions to Kansas' 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 Kansas' total personal income, while a declining share shows it grew more slowly.
In 1969, Franklin County's total personal income comprised 0.74% of Kansas' total personal income, while in 2022 it equated to 0.71% thereby yielding a -0.03% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.03%
=
0.71%
-
0.74%
 
   
Franklin County Real Total Personal Income:
Annual Percent Change, 1970-2022
Franklin County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Franklin 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, Franklin County's real total personal income grew at an annual rate of 2.39% over 1970-2022. The county recorded its highest growth in 1971 (12.58%) and posted its lowest growth in 2022 (-7.83%). In 2022, Franklin County's real total personal income declined by -7.83%
Franklin County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Franklin 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 shows the annual percent change in Franklin 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, Franklin County's annual real total personal income growth rate averaged 4.97%. It averaged 0.39% throughout the 1980s, 3.45% in the 1990s, 2.40% throughout the 2000s, 1.42% throughout the 2010s, 0.05% 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 Franklin County noted in the previous graph with the corresponding decade averages for Kansas and the nation. As the chart reveals, Franklin County's average annual real total personal income growth outperformed Kansas' average in the 1970s (4.97% vs. 3.64%), trailed Kansas' average during the 1980s (0.39% vs. 2.00%), exceeded Kansas' average throughout the 1990s (3.45% vs. 2.90%), outperformed Kansas' average during the 2000s (2.40% vs. 2.34%), fell below Kansas' average during the 2010s (1.42% vs. 1.66%), and posted below Kansas' average over the 3 year period of the current decade, 2020-2022 (0.05% vs. 1.21%).
Finally, relative to nationwide real total personal income growth trends, Franklin County outperformed the nation during the 1970s (4.97% vs. 3.50%), lagged the nation throughout the 1980s (0.39% vs. 3.16%), exceeded the nation over the 1990s (3.45% vs. 3.27%), outgained the nation over the 2000s (2.40% vs. 2.06%), trailed the nation during the 2010s (1.42% vs. 2.72%), and fell below the nation over 2020-2022 (0.05% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.39
4.97
0.39
3.45
2.40
1.42
0.05
-7.83
 
2.43
3.64
2.00
2.90
2.34
1.66
1.21
-3.12
 
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.

   
 
Franklin County:
Total Personal Income, 1969-2022
 
1969
 
60,518
0.189
320,489
100.0
N
0.74
1970
 
67,324
0.198
340,605
106.3
6.28
0.76
1971
 
79,009
0.206
383,446
119.6
12.58
0.82
1972
 
90,507
0.213
424,756
132.5
10.77
0.84
1973
 
97,736
0.225
435,253
135.8
2.47
0.80
1974
 
108,599
0.248
438,023
136.7
0.64
0.82
1975
 
118,297
0.269
440,421
137.4
0.55
0.82
1976
 
128,415
0.283
453,235
141.4
2.91
0.82
1977
 
149,947
0.302
496,908
155.0
9.64
0.87
1978
 
158,255
0.323
490,318
153.0
-1.33
0.83
1979
 
181,294
0.351
515,875
161.0
5.21
0.83
1980
 
192,938
0.389
495,628
154.6
-3.92
0.81
1981
 
218,608
0.424
515,403
160.8
3.99
0.81
1982
 
227,541
0.448
508,233
158.6
-1.39
0.78
1983
 
236,246
0.467
506,140
157.9
-0.41
0.77
1984
 
250,058
0.484
516,233
161.1
1.99
0.75
1985
 
265,634
0.501
529,911
165.3
2.65
0.75
1986
 
272,976
0.512
532,958
166.3
0.58
0.74
1987
 
277,480
0.528
525,510
164.0
-1.40
0.72
1988
 
287,826
0.549
524,608
163.7
-0.17
0.71
1989
 
306,387
0.573
535,071
167.0
1.99
0.71
1990
 
315,813
0.598
528,336
164.9
-1.26
0.69
1991
 
329,603
0.618
533,563
166.5
0.99
0.70
1992
 
369,229
0.634
582,196
181.7
9.11
0.73
1993
 
374,836
0.650
576,671
179.9
-0.95
0.70
1994
 
409,093
0.664
616,512
192.4
6.91
0.73
1995
 
437,998
0.678
646,453
201.7
4.86
0.75
1996
 
470,567
0.692
679,981
212.2
5.19
0.76
1997
 
500,932
0.704
711,480
222.0
4.63
0.76
1998
 
518,173
0.710
730,160
227.8
2.63
0.74
1999
 
538,371
0.720
747,727
233.3
2.41
0.75
2000
 
579,728
0.738
785,305
245.0
5.03
0.76
2001
 
626,220
0.753
831,611
259.5
5.90
0.80
2002
 
634,099
0.763
831,158
259.3
-0.05
0.80
2003
 
651,835
0.779
836,823
261.1
0.68
0.80
2004
 
678,152
0.798
849,527
265.1
1.52
0.81
2005
 
705,239
0.821
858,718
267.9
1.08
0.79
2006
 
755,536
0.844
894,761
279.2
4.20
0.77
2007
 
793,320
0.866
916,000
285.8
2.37
0.75
2008
 
840,378
0.892
942,445
294.1
2.89
0.73
2009
 
841,013
0.889
945,798
295.1
0.36
0.75
2010
 
840,293
0.905
928,357
289.7
-1.84
0.74
2011
 
871,867
0.928
939,471
293.1
1.20
0.71
2012
 
902,863
0.945
955,067
298.0
1.66
0.70
2013
 
934,466
0.958
975,628
304.4
2.15
0.71
2014
 
938,581
0.971
966,404
301.5
-0.95
0.70
2015
 
975,274
0.973
1,002,347
312.8
3.72
0.72
2016
 
1,005,598
0.983
1,023,155
319.2
2.08
0.74
2017
 
1,033,757
1.000
1,033,757
322.6
1.04
0.73
2018
 
1,083,946
1.020
1,062,203
331.4
2.75
0.74
2019
 
1,125,431
1.035
1,087,236
339.2
2.36
0.74
2020
 
1,199,050
1.046
1,145,936
357.6
5.40
0.74
2021
 
1,281,376
1.090
1,175,564
366.8
2.59
0.74
2022
 
1,257,354
1.160
1,083,524
338.1
-7.83
0.71
Source: Calculations by the Kansas Regional Economic Analysis Project (KS-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.

   
 
Kansas:
Total Personal Income, 1969-2022
 
1969
 
8,194,786
0.189
43,397,691
100.0
N
1.04
1970
 
8,892,704
0.198
44,989,902
103.7
3.67
1.04
1971
 
9,654,247
0.206
46,853,904
108.0
4.14
1.04
1972
 
10,763,347
0.213
50,513,173
116.4
7.81
1.06
1973
 
12,266,343
0.225
54,626,333
125.9
8.14
1.08
1974
 
13,261,982
0.248
53,490,832
123.3
-2.08
1.07
1975
 
14,487,553
0.269
53,937,278
124.3
0.83
1.06
1976
 
15,746,176
0.283
55,575,393
128.1
3.04
1.05
1977
 
17,182,123
0.302
56,939,697
131.2
2.45
1.04
1978
 
19,014,323
0.323
58,911,646
135.7
3.46
1.02
1979
 
21,715,605
0.351
61,792,121
142.4
4.89
1.05
1980
 
23,879,567
0.389
61,342,907
141.4
-0.73
1.03
1981
 
27,038,402
0.424
63,747,264
146.9
3.92
1.04
1982
 
29,313,486
0.448
65,474,271
150.9
2.71
1.06
1983
 
30,554,631
0.467
65,461,117
150.8
-0.02
1.03
1984
 
33,489,207
0.484
69,136,867
159.3
5.62
1.02
1985
 
35,247,414
0.501
70,314,822
162.0
1.70
1.00
1986
 
36,949,919
0.512
72,141,039
166.2
2.60
0.99
1987
 
38,509,616
0.528
72,932,116
168.1
1.10
0.98
1988
 
40,671,323
0.549
74,129,815
170.8
1.64
0.95
1989
 
43,063,175
0.573
75,205,070
173.3
1.45
0.94
1990
 
45,745,098
0.598
76,528,813
176.3
1.76
0.93
1991
 
47,367,288
0.618
76,678,357
176.7
0.20
0.93
1992
 
50,913,093
0.634
80,279,238
185.0
4.70
0.94
1993
 
53,268,143
0.650
81,950,989
188.8
2.08
0.94
1994
 
55,684,199
0.664
83,917,353
193.4
2.40
0.94
1995
 
58,056,283
0.678
85,686,872
197.4
2.11
0.92
1996
 
61,821,009
0.692
89,332,845
205.8
4.25
0.93
1997
 
65,703,526
0.704
93,319,593
215.0
4.46
0.93
1998
 
69,711,156
0.710
98,230,383
226.3
5.26
0.92
1999
 
71,968,566
0.720
99,954,953
230.3
1.76
0.90
2000
 
75,870,788
0.738
102,775,308
236.8
2.82
0.88
2001
 
78,490,814
0.753
104,234,700
240.2
1.42
0.87
2002
 
79,285,369
0.763
103,924,931
239.5
-0.30
0.87
2003
 
81,768,184
0.779
104,973,662
241.9
1.01
0.86
2004
 
84,076,942
0.798
105,323,941
242.7
0.33
0.84
2005
 
88,783,995
0.821
108,105,733
249.1
2.64
0.84
2006
 
97,838,942
0.844
115,868,003
267.0
7.18
0.87
2007
 
105,082,598
0.866
121,332,684
279.6
4.72
0.88
2008
 
115,298,320
0.892
129,301,693
297.9
6.57
0.93
2009
 
111,558,901
0.889
125,458,442
289.1
-2.97
0.93
2010
 
113,842,966
0.905
125,773,876
289.8
0.25
0.91
2011
 
123,198,911
0.928
132,751,725
305.9
5.55
0.93
2012
 
129,849,699
0.945
137,357,669
316.5
3.47
0.93
2013
 
132,518,967
0.958
138,356,216
318.8
0.73
0.94
2014
 
134,773,890
0.971
138,769,051
319.8
0.30
0.91
2015
 
136,189,131
0.973
139,969,713
322.5
0.87
0.88
2016
 
136,753,558
0.983
139,141,221
320.6
-0.59
0.86
2017
 
141,311,803
1.000
141,311,803
325.6
1.56
0.85
2018
 
147,407,425
1.020
144,450,523
332.9
2.22
0.84
2019
 
152,926,216
1.035
147,736,242
340.4
2.27
0.83
2020
 
161,704,652
1.046
154,541,647
356.1
4.61
0.82
2021
 
172,070,983
1.090
157,861,839
363.8
2.15
0.80
2022
 
177,474,668
1.160
152,938,711
352.4
-3.12
0.81
Source: Calculations by the Kansas Regional Economic Analysis Project (KS-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 Kansas Regional Economic Analysis Project (KS-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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