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Philadelphia-Camden-Vineland, PA-NJ-DE-MD CSA -- Regional & Local Economic Characteristics How well is the regional economy doing? How does it compare to others? What are characteristics of the economic base of county components of the metro? Is the composition changing and, if so, how and where? The best single available composite measure of economic activity at the county level is personal income. This web page reviews personal income and components of personal income that are helpful in understanding the economic make-up and trends in the Philadelphia CSA, Philadelphia MSA, and Vineland MSA. Applications reviewed on this Web page are used in the GeoDemographics WebCourse and focused on the Philadelphia-Camden-Vineland, PA-NJ-DE-MD Combined Statistical Area (CSA). See main page for overview. 
Philadelphia-Camden-Vineland CSA (428)
A regional economic profile for the Philadelphia-Camden-Vineland CSA is shown at the right. Click on this graphic to open this file in Excel format. The spreadsheet shows personal income and components of personal income for the CSA in 2001 and 2002. The upper portion of the spreadsheet shows derivation/components of personal income. Using the data we are able to se, for example, the impact of transfer payments on the local economy, an often important and transparent measure useful to understanding the economic infrastructure. The spreadsheet shows per capita and average measures useful to compare this metro to other areas and component counties. Highlight employment data presented in this spreadsheet is available by county by detailed industrial classification code on a quarterly basis. Learn more about accessing and using the more detailed data in the workshop. A narrative profile is presented below for each of the MSA in the Philadelphia-Camden-Vineland CSA. WebCourse participants learn how to access these data for any county or metro in the U.S. and methods of analyzing the data in a GIS and time series contexts. Philadelphia-Camden-Wilmington MSA (37980) The Philadelphia-Camden-Wilmington MSA had 2002 population of 5,743,491 ranked 4th in the nation (of 361 MSAs). Per Capita Personal Income In 2002 Philadelphia-Camden-Wilmington had a per capita personal income (PCPI) of $35,753. This PCPI ranked 21st in the United States and was 116 percent of the national average, $30,906. The 2002 PCPI reflected an increase of 2.6 percent from 2001. The 2001-2002 national change was 1.2 percent. In 1992 the PCPI of Philadelphia-Camden-Wilmington was $24,026 and ranked 24th in the United States. The 1992-2002 average annual growth rate of PCPI was 4.1 percent. The average annual growth rate for the nation was 4.0 percent. Total Personal Income In 2002 Philadelphia-Camden-Wilmington had a total personal income (TPI) of $205,346,083. This TPI ranked 5th in the United States. In 1992 the TPI of Philadelphia-Camden-Wilmington was $132,228,556 and ranked 4th in the United States. The 2002 TPI reflected an increase of 3.1 percent from 2001. The 2001-2002 national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 4.5 percent. The average annual growth rate for the nation was 5.2 percent. 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 Philadelphia-Camden-Wilmington. In 2002 net earnings accounted for 68.8 percent of TPI (compared with 67.4 in 1992); dividends, interest, and rent were 16.5 percent (compared with 18.4 in 1992); and personal current transfer receipts were 14.7 percent (compared with 14.2 in 1992). From 2001 to 2002 net earnings increased 2.6 percent; dividends, interest, and rent increased 1.1 percent; and personal current transfer receipts increased 8.0 percent. From 1992 to 2002 net earnings increased on average 4.7 percent each year; dividends, interest, and rent increased on average 3.3 percent; and personal current transfer receipts increased on average 4.8 percent. Earnings by Place of Work Earnings of persons employed in Philadelphia-Camden-Wilmington increased from $152,213,337 in 2001 to $156,460,542 in 2002, an increase of 2.8 percent. The 2001-2002 national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $98,712,676 to the 2002 estimate was 4.7 percent. The average annual growth rate for the nation was 5.3 percent. All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Vineland-Millville-Bridgeton, NJ MSA (47220) The Vineland-Millville-Bridgeton, NJ MSA had 2002 population of 147,858 ranked 251st in the nation (of 361 MSAs). Per Capita Personal Income In 2002 Vineland-Millville-Bridgeton had a per capita personal income (PCPI) of $25,856. This PCPI ranked 220th in the United States and was 84 percent of the national average, $30,906. The 2002 PCPI reflected an increase of 5.2 percent from 2001. The 2001-2002 national change was 1.2 percent. In 1992 the PCPI of Vineland-Millville-Bridgeton was $18,672 and ranked 164th in the United States. The 1992-2002 average annual growth rate of PCPI was 3.3 percent. The average annual growth rate for the nation was 4.0 percent. Total Personal Income In 2002 Vineland-Millville-Bridgeton had a total personal income (TPI) of $3,823,072. This TPI ranked 247th in the United States. In 1992 the TPI of Vineland-Millville-Bridgeton was $2,649,920 and ranked 226th in the United States. The 2002 TPI reflected an increase of 5.9 percent from 2001. The 2001-2002 national change was 2.3 percent. The 1992-2002 average annual growth rate of TPI was 3.7 percent. The average annual growth rate for the nation was 5.2 percent. 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 Vineland-Millville-Bridgeton. In 2002 net earnings accounted for 63.2 percent of TPI (compared with 63.8 in 1992); dividends, interest, and rent were 12.6 percent (compared with 14.2 in 1992); and personal current transfer receipts were 24.2 percent (compared with 22.0 in 1992). From 2001 to 2002 net earnings increased 3.5 percent; dividends, interest, and rent increased 0.9 percent; and personal current transfer receipts increased 16.1 percent. From 1992 to 2002 net earnings increased on average 3.6 percent each year; dividends, interest, and rent increased on average 2.5 percent; and personal current transfer receipts increased on average 4.7 percent. Earnings by Place of Work Earnings of persons employed in Vineland-Millville-Bridgeton increased from $2,679,026 in 2001 to $2,782,783 in 2002, an increase of 3.9 percent. The 2001-2002 national change was 1.5 percent. The average annual growth rate from the 1992 estimate of $1,899,354 to the 2002 estimate was 3.9 percent. The average annual growth rate for the nation was 5.3 percent. All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation. Related and More Detailed Economic Measures WebCourse participants learn how to use the types of data shown on this page in a GIS and times series analysis context. Participants learn how to access related data and drill down to smaller area geography and more detailed subject matter data from sources that include: • Census Bureau American FactFinder • American Community Survey • Current Population Survey • Establishment, employment, and wage employer reported data [goto top]
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