Per Capita Personal Income
In 2008 Lexington had a per capita personal income (PCPI) of $35,960. This PCPI ranked 6th in the state and was 111 percent of the state average, $32,495, and 90 percent of the national average, $40,166. The 2008 PCPI reflected an increase of 0.8 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 Lexington was $25,506 and ranked 5th in the state. The 1998-2008 average annual growth rate of PCPI was 3.5 percent. The average annual growth rate for the state was 3.7 percent and for the nation was 4.0 percent.
Total Personal Income
South Carolina – Lexington
Total Personal Income
In 2008 Lexington had a total personal income (TPI) of $8,980,805*. This TPI ranked 4th in the state and accounted for 6.1 percent of the state total. In 1998 the TPI of Lexington was $5,328,534* and ranked 5th 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 | |
|---|---|---|
| Lexington | 3.2 % | 5.4 % |
| 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 Lexington.
| 2007-2008 percent change |
|||
|---|---|---|---|
| Lexington | South Carolina | U.S. | |
| Net earnings | 1.8 % | 1.8 % | 2.0 % |
| Dividends, interest, and rent |
1.5 % | 1.4 % | 1.3 % |
| Personal current transfer receipts |
11.8 % | 12.0 % | 9.2 % |
| 1998-2008 average annual growth rate |
|||
|---|---|---|---|
| Lexington | South Carolina | U.S. | |
| Net earnings | 5.1 % | 4.7 % | 4.8 % |
| Dividends, interest, and rent |
3.5 % | 3.9 % | 4.2 % |
| Personal current transfer receipts |
9.4 % | 8.1 % | 6.7 % |