Total Personal Income
In 2008 Fairfield had a per capita personal income (PCPI) of $27,263. This PCPI ranked 29th in the state and was 84 percent of the state average, $32,495, and 68 percent of the national average, $40,166. The 2008 PCPI reflected an increase of 3.3 percent from 2007. The 2007-2008 state change was 1.8 percent and the national change was 2.0 percent. In 1998 the PCPI of Fairfield was $18,464 and ranked 29th in the state. The 1998-2008 average annual growth rate of PCPI was 4.0 percent. The average annual growth rate for the state was 3.7 percent and for the nation was 4.0 percent.
In 2008 Fairfield had a total personal income (TPI) of $639,532*. This TPI ranked 37th in the state and accounted for 0.4 percent of the state total. In 1998 the TPI of Fairfield was $424,201* and ranked 37th in the state.
*Note: Total personal income estimates are in thousands of dollars, not adjusted for inflation.
Per Capita Personal Income, 2008
Per Capita Income as a Percent of the United States, 2008
South Carolina – Fairfield
TOTAL PERSONAL INCOME
In 2008 Fairfield had a total personal income (TPI) of $639,532*. This TPI ranked 37th in the state and accounted for 0.4 percent of the state total. In 1998 the TPI of Fairfield was $424,201* and ranked 37th in the state.
*Note: Total personal income estimates are in thousands of dollars, not adjusted for inflation.
| AAGR: average annual growth rate |
||
| 2007-08 percent change | 1998-2008 AAGR | |
|---|---|---|
| Fairfield | 4.0 % | 4.2 % |
| South Carolina | 3.6 % | 5.2 % |
| U.S. | 2.9 % | 5.0 % |
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 Fairfield.
| 2007-2008 percent change |
|||
|---|---|---|---|
| Fairfield | South Carolina | U.S. | |
| Net earnings | unchanged | 1.8 % | 2.0 % |
| Dividends, interest, and rent |
4.0 % | 1.4 % | 1.3 % |
| Personal current transfer receipts |
13.4 % | 12.0 % | 9.2 % |
| 1998-2008 average annual growth rate |
|||
|---|---|---|---|
| Fairfield | South Carolina | U.S. | |
| Net earnings | 3.7 % | 4.7 % | 4.8 % |
| Dividends, interest, and rent |
0.9 % | 3.9 % | 4.2 % |
| Personal current transfer receipts |
7.2 % | 8.1 % | 6.7 % |
SOURCE: Bureau of Economic Analysis, US Department of Commerece.