Webster is one of 120 counties in Kentucky. It is not part of a Metropolitan Area. Its 1994 population of 13,500 ranked 77th in the State.
PER CAPITA PERSONAL INCOME
In 1994, Webster had a per capita personal income (PCPI) of $17,752. This PCPI ranked 23rd in the State, and was 100.2 percent of the State average, $17,721, and 81.8 percent of the national average, $21,696. In 1984, the PCPI of Webster was $10,448 and ranked 26th in the State. The average annual growth rate of PCPI over the past 10 years was 5.4 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, Webster had a total personal income (TPI) of $240,455*. This TPI ranked 61st in the State and accounted for 0.4 percent of the State total. In 1984, the TPI of Webster was $156,995* and ranked 54th 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 Webster. In 1994, earnings were 64.6 percent of TPI (compared with 61.5 percent in 1984); dividends, interest, and rent were 12.6 percent (compared with 18.5 percent in 1984); and transfer payments were 22.9 percent (compared with 20.1 percent in 1984). From 1984 to 1994, earnings increased on average 4.9 percent each year; dividends, interest, and rent increased on average 0.4 percent; and transfer payments increased on average 5.7 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in Webster increased from $80,039* in 1984 to $199,994* in 1994, an average annual growth rate of 9.6 percent. The largest industries in 1994 were mining, 49.5 percent of earnings; transportation and public utilities, 10.4 percent; and state and local government, 7.1 percent. In 1984, the largest industries were mining, 24.7 percent of earnings; transportation and public utilities, 19.6 percent; and retail trade, 10.6 percent. Of the industries that accounted for at least 5 percent of earnings in 1994, the slowest growing from 1984 to 1994 was retail trade (5.3 percent of earnings in 1994), which increased at an average annual rate of 2.2 percent; the fastest was mining, which increased at an average annual rate of 17.5 percent.
* All income estimates with the exception of PCPI are in thousands of dollars.