Caldwell is one of 120 counties in Kentucky. It is not part of a Metropolitan Area. Its 1994 population of 13,100 ranked 81st in the State.
PER CAPITA PERSONAL INCOME
In 1994, Caldwell had a per capita personal income (PCPI) of $15,534. This PCPI ranked 45th in the State, and was 87.7 percent of the State average, $17,721, and 71.6 percent of the national average, $21,696. In 1984, the PCPI of Caldwell was $9,514 and ranked 48th in the State. The average annual growth rate of PCPI over the past 10 years was 5.0 percent. The average annual growth rate for the State was 5.3 percent and for the nation was 5.0 percent.
TOTAL PERSONAL INCOME
In 1994, Caldwell had a total personal income (TPI) of $204,114*. This TPI ranked 71st in the State and accounted for 0.3 percent of the State total. In 1984, the TPI of Caldwell was $127,549* and ranked 68th in the State. The average annual growth rate of TPI over the past 10 years was 4.8 percent. The average annual growth rate for the State was 5.7 percent and for the nation was 6.0 percent.
COMPONENTS OF TOTAL PERSONAL INCOME
Total personal income (TPI) includes the earnings (wages and salaries, other labor income, and proprietors's income); dividends, interest, and rent; and transfer payments received by the residents of Caldwell. In 1994, earnings were 58.3 percent of TPI (compared with 57.7 percent in 1984); dividends, interest, and rent were 16.1 percent (compared with 19.5 percent in 1984); and transfer payments were 25.5 percent (compared with 22.7 percent in 1984). From 1984 to 1994, earnings increased on average 4.9 percent each year; dividends, interest, and rent increased on average 2.8 percent; and transfer payments increased on average 6.0 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in Caldwell increased from $61,245* in 1984 to $101,076* in 1994, an average annual growth rate of 5.1 percent. The largest industries in 1994 were nondurable goods manufacturing, 20.6 percent of earnings; state and local government, 16.1 percent; and retail trade, 15.9 percent. In 1984, the largest industries were services, 17.0 percent of earnings; retail trade, 16.0 percent; and durable goods manufacturing, 16.0 percent. Of the industries that accounted for at least 5 percent of earnings in 1994, the slowest growing from 1984 to 1994 was durable goods manufacturing (8.2 percent of earnings in 1994), which decreased at an average annual rate of 1.7 percent; the fastest was nondurable goods manufacturing, which increased at an average annual rate of 11.9 percent.
* All income estimates with the exception of PCPI are in thousands of dollars.