The U.S. Bureau of Economic Analysis has issued the following press release:
In 2020, personal income increased in 3,040 counties, decreased in 69, and was unchanged in 3, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Personal income increased 6.4 percent in the metropolitan portion of the United States and increased 7.6 percent in the nonmetropolitan portion (table A). In metropolitan counties, the percent change in personal income ranged from 24.6 percent in Power County, ID, to –8.9 percent in Lynn County, TX. In nonmetropolitan counties, it ranged from 57.3 percent in Clark County, SD, to –18.9 percent in Skagway Municipality, AK (BEA interactive data).
Personal current transfer receipts accounted for $1,102 billion of the $1,205 billion increase in personal income at the national level in 2020. The increase in transfer receipts reflected new government relief payments provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. Absent the increase in personal current transfer receipts, personal income would have increased in 2,006 counties, decreased in 1,038, and remained unchanged in 68. Personal income would have increased 0.6 percent in both the metropolitan portion and the nonmetropolitan portion of the United States.
The county personal income estimates released today provide more geographic detail on the nation's personal income for 2020. National estimates of personal income for 2020 were first released in February 2021, followed by preliminary state personal income estimates in March. The personal income estimates released today provide the first glimpse of personal income for 2020 in counties and metropolitan statistical areas. Real personal income for states, metropolitan areas, and state metropolitan and nonmetropolitan portions of the United States will be released on December 14, 2021.
BEA county and metropolitan area per capita personal income statistics are calculated using U.S. Census Bureau midyear population estimates. These annual midyear estimates are based on the 2010 census. BEA will incorporate Census Bureau midyear population estimates based on the 2020 census results when they become available.