Whatcom County per capita income grew 3.2 percent in 2014

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Filed on 08. Dec, 2015 in Business Briefs, Market Indicators

After hardly budging in 2013, per capita income in Whatcom County grew 3.2 percent in 2014, according to new estimates from the Bureau of Economic Analysis.

In Whatcom County, per capita personal income was $40,840 last year, up from 39,572 in 2013 and $39,507 in 2012, according to new county-level income estimates from the Bureau of Economic Analysis. The number is a measure of the total income in the county divided by its population.

King County had the highest per capita income in the state with $68,877 and Ferry County had the lowest with $30,680. Whatcom County ranked 16th out of 39 counties in the state last year.

The county ranked lower in terms of year-over-year percentage growth. Whatcom’s 3.2 percent per capita income growth in 2014 placed it at No. 30 out of 39 counties.

Whatcom County’s per capita income growth has tracked the state’s numbers for the last several years, with a significant increase in 2014 following several years of almost no growth. Statewide, per capita income grew 4.5 percent in 2014 and 0.3 percent in 2013.

Across the state, per capita income grew in all but one county last year, according to the new estimates. Lincoln County, west of Spokane, saw its per capita income fall by 3.1 percent to $41,877. Grays Harbor County posted the state’s biggest percentage change in 2014, growing 6.7 percent from $32,184 to $33,279.

Across the United States, county per capita income ranged from $15,787 in Wheeler County, Georgia to $194,485 in Teton County, Wyoming.

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IFRoZSBKb3VybmFsPC9saT48L3VsPg==