| The population of Texas changed from 29,217,653 (2020) to 29,527,941 (2021). a change of 310,288 (2.01%). The per capita personal income (PCPI) changed from $55,601 (2020) to $59,865 (2021), a change of $4,264 (2.08%). The state per capita personal income (PCPI) changed from $55,601 (2020) to $59,865 (2021), a change of $4,264 (2.08%). |
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Table CA4 presented below is focused on personal income by major source.
Personal income consists of the income that persons receive in return for their provision of labor, land, and capital used in current production as well as other income, such as personal current transfer receipts. In the state and local personal income accounts the personal income of an area represents the income received by or on behalf of the persons residing in that area. It is calculated as the sum of wages and salaries, supplements to wages and salaries, proprietors' income with inventory valuation (IVA) and capital consumption adjustments (CCAdj), rental income of persons with capital consumption adjustment (CCAdj), personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance plus the adjustment for residence.
The table presents data for selected years through 2021 based on data from the Bureau of Economic Analysis. ProximityOne uses models to develop annual estimates and projections to 2030 and provides related analytical services. Table cells with special characters (# or * or -) indicate data for this area and time period are not available. See footnotes at bottom of table for details. These values can be optionally imputed by the REIS software. |
| Personal Income by Major Sources for Texas | ||||
| Item Name | 2020 | 2021 | 2020-21 | %2020-21 |
| Personal income (thousands of dollars) | 1,624,525,770 | 1,767,681,687 | 143,155,917 | 8.8 |
| Nonfarm personal income 1/ | 1,621,130,056 | 1,762,876,506 | 141,746,450 | 8.7 |
| Farm income 2/ | 3,395,714 | 4,805,181 | 1,409,467 | 41.5 |
| Population (persons) 3/ | 29,217,653 | 29,527,941 | 310,288 | 1.1 |
| Per capita personal income (dollars) 4/ | 55,601 | 59,865 | 4,264 | 7.7 |
| Earnings by place of work | 1,130,400,645 | 1,221,380,863 | 90,980,218 | 8.0 |
| Less: Contributions for government social insurance 5/ | 114,080,970 | 122,171,747 | 8,090,777 | 7.1 |
| Employee & self-employed contributions for govt social ins | 61,624,283 | 66,219,528 | 4,595,245 | 7.5 |
| Employer contributions for government social insurance | 52,456,687 | 55,952,219 | 3,495,532 | 6.7 |
| Plus: Adjustment for residence 6/ | -2,173,655 | -2,173,771 | -116 | 0.0 |
| Equals: Net earnings by place of residence | 1,014,146,020 | 1,097,035,345 | 82,889,325 | 8.2 |
| Plus: Dividends, interest & rent 7/ | 304,653,942 | 321,299,965 | 16,646,023 | 5.5 |
| Plus: Personal current transfer receipts | 305,725,808 | 349,346,377 | 43,620,569 | 14.3 |
| Wages & salaries | 793,112,287 | 861,407,563 | 68,295,276 | 8.6 |
| Supplements to wages & salaries | 164,361,522 | 172,992,114 | 8,630,592 | 5.3 |
| Employer contributions for employee pension & ins funds 8/ | 111,904,835 | 117,039,895 | 5,135,060 | 4.6 |
| Employer contributions for government social insurance | 52,456,687 | 55,952,219 | 3,495,532 | 6.7 |
| Proprietors' income 9/ | 172,926,836 | 186,981,186 | 14,054,350 | 8.1 |
| Farm proprietors' income | 1,689,805 | 3,412,509 | 1,722,704 | 101.9 |
| Nonfarm proprietors' income | 171,237,031 | 183,568,677 | 12,331,646 | 7.2 |
| Total employment | 17,706,662 | 18,276,115 | 569,453 | 3.2 |
| Wage & salary employment | 12,734,126 | 13,173,522 | 439,396 | 3.5 |
| Proprietors employment | 4,972,536 | 5,102,593 | 130,057 | 2.6 |
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1/ Nonfarm personal income is total personal income less farm income. 2/ Farm income is farm earnings less farm employer contributions for social insurance. 3/ Census Bureau midyear population estimates. 4/ Per capita personal income is total personal income divided by total midyear population. 5/ Employer contributions for government social insurance are included in earnings by industry and earnings by place of work, but they are excluded from net earnings by place of residence and personal income. Employee and self-employed contributions are subtractions in the calculation of net earnings by place of residence and all of the income measures. 6/ The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States, it consists of adjustments for border workers and US residents employed by international organizations and foreign embassies. 7/ Rental income of persons includes the capital consumption adjustment. 8/ Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 9/ Proprietors' income includes the inventory valuation adjustment and the capital consumption adjustment. All dollar estimates are in current dollars (not adjusted for inflation). Missing data cell values: * Not shown to avoid disclosure of confidential information. Estimates for item are included in totals. # Less than $50,000. Estimates for item are included in totals. - Data not available for this year. Source: ProximityOne, Bureau of Economic Analysis, Bureau of the Census, Bureau of Labor Statistics |