McLean is one of 120 counties in Kentucky. It is not part of a Metropolitan Area. Its 1994 population of 9,700 ranked 96th in the State.
PER CAPITA PERSONAL INCOME
In 1994, McLean had a per capita personal income (PCPI) of $14,933. This PCPI ranked 55th in the State, and was 84.3 percent of the State average, $17,721, and 68.8 percent of the national average, $21,696. In 1984, the PCPI of McLean was $10,286 and ranked 32nd in the State. The average annual growth rate of PCPI over the past 10 years was 3.8 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, McLean had a total personal income (TPI) of $144,478*. This TPI ranked 93rd in the State and accounted for 0.2 percent of the State total. In 1984, the TPI of McLean was $101,550* and ranked 78th in the State. The average annual growth rate of TPI over the past 10 years was 3.6 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 McLean. In 1994, earnings were 64.6 percent of TPI (compared with 64.5 percent in 1984); dividends, interest, and rent were 12.0 percent (compared with 17.2 percent in 1984); and transfer payments were 23.4 percent (compared with 18.3 percent in 1984). From 1984 to 1994, earnings increased on average 3.6 percent each year; dividends, interest, and rent decreased on average 0.1 percent; and transfer payments increased on average 6.2 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in McLean increased from $36,782* in 1984 to $57,211* in 1994, an average annual growth rate of 4.5 percent. The largest industries in 1994 were farm, 26.3 percent of earnings; services, 15.3 percent; and state and local government, 14.7 percent. In 1984, the largest industries were farm, 17.8 percent of earnings; durable goods manufacturing; and state and local government, 13.7 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; the fastest was wholesale trade (6.8 percent of earnings in 1994), which increased at an average annual rate of 9.1 percent.
* All income estimates with the exception of PCPI are in thousands of dollars.