Daviess is one of 120 counties in Kentucky. It is part of the Owensboro Metropolitan Area. Its 1994 population of 90,100 ranked 5th in the State.
PER CAPITA PERSONAL INCOME
In 1994, Daviess had a per capita personal income (PCPI) of $18,080. This PCPI ranked 20th in the State, and was 102.0 percent of the State average, $17,721, and 83.3 percent of the national average, $21,696. In 1984, the PCPI of Daviess was $11,552 and ranked 12th in the State. The average annual growth rate of PCPI over the past 10 years was 4.6 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, Daviess had a total personal income (TPI) of $1,629,760*. This TPI ranked 4th in the State and accounted for 2.4 percent of the State total. In 1984, the TPI of Daviess was $1,020,583* and ranked 4th 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 Daviess. In 1994, earnings were 66.2 percent of TPI (compared with 68.0 percent in 1984); dividends, interest, and rent were 15.5 percent (compared with 17.4 percent in 1984); and transfer payments were 18.3 percent (compared with 14.6 percent in 1984). From 1984 to 1994, earnings increased on average 4.5 percent each year; dividends, interest, and rent increased on average 3.6 percent; and transfer payments increased on average 7.2 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in Daviess increased from $681,260* in 1984 to $1,123,020* in 1994, an average annual growth rate of 5.1 percent. The largest industries in 1994 were services, 23.2 percent of earnings; state and local government, 13.3 percent; and retail trade, 11.7 percent. In 1984, the largest industries were services, 18.5 percent of earnings; durable goods manufacturing, 12.8 percent; and retail trade, 12.2 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 (8.6 percent of earnings in 1994), which increased at an average annual rate of 1.0 percent; the fastest was services, which increased at an average annual rate of 7.6 percent.
* All income estimates with the exception of PCPI are in thousands of dollars.