Henderson is one of 120 counties in Kentucky. It is part of the Evansville-Henderson Metropolitan Area. Its 1994 population of 44,200 ranked 19th in the State.
PER CAPITA PERSONAL INCOME
In 1994, Henderson had a per capita personal income (PCPI) of $18,737. This PCPI ranked 16th in the State, and was 105.7 percent of the State average, $17,721, and 86.4 percent of the national average, $21,696. In 1984, the PCPI of Henderson was $12,628 and ranked 6th in the State. The average annual growth rate of PCPI over the past 10 years was 4.0 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, Henderson had a total personal income (TPI) of $828,395*. This TPI ranked 18th in the State and accounted for 1.2 percent of the State total. In 1984, the TPI of Henderson was $537,190* and ranked 14th in the State. The average annual growth rate of TPI over the past 10 years was 4.4 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 Henderson. In 1994, earnings were 70.2 percent of TPI (compared with 72.4 percent in 1984); dividends, interest, and rent were 12.8 percent (compared with 14.5 percent in 1984); and transfer payments were 17.0 percent (compared with 13.1 percent in 1984). From 1984 to 1994, earnings increased on average 4.1 percent each year; dividends, interest, and rent increased on average 3.2 percent; and transfer payments increased on average 7.1 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in Henderson increased from $385,940* in 1984 to $599,132* in 1994, an average annual growth rate of 4.5 percent. The largest industries in 1994 were durable goods manufacturing, 28.0 percent of earnings; services, 18.9 percent; and nondurable goods manufacturing, 9.3 percent. In 1984, the largest industries were durable goods manufacturing, 26.0 percent of earnings; services, 15.7 percent; and mining, 15.1 percent. Of the industries that accounted for at least 5 percent of earnings in 1994, the slowest growing from 1984 to 1994 was mining (6.5 percent of earnings in 1994), which decreased at an average annual rate of 4.0 percent; the fastest was nondurable goods manufacturing, which increased at an average annual rate of 7.1 percent.
* All income estimates with the exception of PCPI are in thousands of dollars.