San Mateo County Real Personal Income Bureau of Economic Analysis 2016 Update Produced by Marin Economic Consulting April 1, 2018 Jon Haveman, Principal 415-336-5705 or Jon@MarinEconomicConsulting.com Definition of Personal Income Personal income is the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or unincorporated business, from the ownership of financial assets, and from government and business in the form of transfer receipts. It includes income from domestic sources as well as from the rest of the world. Personal income is the income that is available to persons for consumption expenditures, taxes, interest payments, transfer payments to governments and the rest of the world, or for saving. The data in this report have been adjusted for inflation into 2016 $ using the: Consumer Price Index for All Urban Consumers: All Items. Contents 1. Region - Among Comparables 2 2. Real Per Capita Personal Income 3 3. Real Total Personal Income 5 4. Population 7
1. Region - Among Comparables Figure 1-1: Real Per Capita Personal Income - Comparables (Rank) Figure 1-2: Year over Year Growth in Real Per Capita Personal Income - Comparables (Rank by Absolute Income Level)
2. Real Per Capita Personal Income Figure 2-1: Real Per Capita Personal Income Figure 2-2: Growth in Real Per Capita Personal Income
Table 2.1. Percentile Ranking Among All U.S. Counties Ranking by Levels San Mateo County 100 100 100 100 99 Ranking by Growth Rate Since: Year 2010 2007 2000 1990 San Mateo County 100 98 80 65 97 Note: Higher # indicates a higher ranking (1-100). Table 2.2. Real Per Capita Personal Income (2016 $) San Mateo County 105, 721 80, 860 89, 875 84, 678 54, 102 Silicon Valley 93, 707 71, 233 77, 172 78, 549 49, 286 San Francisco-Oakland-Hayward 84, 675 66, 889 73, 523 68, 458 49, 003 Bay Area 81, 339 63, 855 69, 513 67, 161 47, 194 California 56, 374 47, 678 50, 575 46, 127 39, 482 United States 49, 246 44, 332 46, 094 42, 652 35, 987 Table 2.3. Growth in Real Per Capita Personal Income (CAGR: Cumulative Annual Growth Rate (%)) Y ear 2010 2007 2000 1990 San Mateo County 3.10 4.57 1.82 1.40 2.61 Silicon Valley 2.94 4.68 2.18 1.11 2.50 San Francisco-Oakland-Hayward 2.93 4.01 1.58 1.34 2.13 Bay Area 2.90 4.12 1.76 1.20 2.12 California 1.74 2.83 1.21 1.26 1.38 United States 0.37 1.77 0.74 0.90 1.21
3. Real Total Personal Income Figure 3-1: Total Real Personal Income Figure 3-2: Growth in Total Real Personal Income
Table 3.1. Percentile Ranking Among All U.S. Counties Ranking by Levels San Mateo County 99 99 99 99 99 Ranking by Growth Rate Since: Year 2010 2007 2000 1990 San Mateo County 99 98 92 69 90 Note: Higher # indicates a higher ranking (1-100). Table 3.2. Total Real Personal Income (2016 $) San Mateo County 80, 855, 056 58, 213, 941 62, 359, 321 59, 936, 698 35, 176, 024 Silicon Valley 251, 527, 590 178, 550, 822 185, 666, 426 187, 950, 054 105, 890, 764 San Francisco-Oakland-Hayward 396, 208, 164 290, 643, 517 307, 593, 172 283, 134, 202 182, 273, 474 Bay Area 625, 009, 126 457, 680, 762 479, 903, 966 456, 879, 809 286, 147, 698 California 2, 212, 691, 221 1, 779, 931, 367 1, 833, 371, 701 1, 567, 773, 757 1, 182, 885, 221 United States 15, 912, 777, 000 13, 713, 923, 876 13, 885, 178, 692 12, 034, 989, 795 8, 983, 306, 580 Table 3.3. Growth in Total Real Personal Income (CAGR: Cumulative Annual Growth Rate (%)) Y ear 2010 2007 2000 1990 San Mateo County 3.32 5.63 2.93 1.89 3.25 Silicon Valley 3.36 5.88 3.43 1.84 3.38 San Francisco-Oakland-Hayward 3.75 5.30 2.85 2.12 3.03 Bay Area 3.62 5.33 2.98 1.98 3.05 California 2.41 3.69 2.11 2.18 2.44 United States 1.07 2.51 1.53 1.76 2.22
4. Population Figure 4-1: Population Figure 4-2: Average Annual Population Growth
Table 4.1. Percentile Ranking Among All U.S. Counties Ranking by Levels San Mateo County 97 97 97 98 98 Ranking by Growth Rate Since: Year 2010 2007 2000 1990 San Mateo County 97 87 87 65 60 Note: Higher # indicates a higher ranking (1-100). Table 4.2. Population San Mateo County 764, 797 719, 935 693, 849 707, 820 650, 174 Silicon Valley 2, 684, 199 2, 506, 572 2, 405, 875 2, 392, 767 2, 148, 481 San Francisco-Oakland-Hayward 4, 679, 166 4, 345, 175 4, 183, 637 4, 135, 875 3, 719, 675 Bay Area 7, 684, 011 7, 167, 476 6, 903, 845 6, 802, 782 6, 063, 224 California 39, 250, 017 37, 332, 685 36, 250, 311 33, 987, 977 29, 959, 515 United States 323, 127, 513 309, 348, 193 301, 231, 207 282, 162, 411 249, 622, 814 Table 4.3. Population Growth (CAGR: Cumulative Annual Growth Rate (%)) Y ear 2010 2007 2000 1990 San Mateo County 0.21 1.01 1.09 0.49 0.63 Silicon Valley 0.41 1.15 1.22 0.72 0.86 San Francisco-Oakland-Hayward 0.80 1.24 1.25 0.77 0.89 Bay Area 0.71 1.17 1.20 0.76 0.92 California 0.66 0.84 0.89 0.90 1.04 United States 0.70 0.73 0.78 0.85 1.00