SPECIAL REPORT

INCOME

HUDSON VALLEY

2012

MARIST COLLEGE

Dr. Christy Huebner Caridi

Bureau of Economic Research

School of Management

Poughkeepsie, New York 12601

Edited by Leslie Bates

December 2013

This report is available on the Bureau of Economic Research homepage at

http://www.marist.edu/management/bureau

The support of student research assistant

Kristen Sandberg is acknowledged and appreciated.

While every effort has been made to ensure that the information in this report is accurate, Marist College

cannot be held responsible for any remaining errors.

Year over year, total personal income (TPI)1 in the Hudson Valley increased 2.95 percent—from

$135.26 billion in 2011 to $139.25 billion in 2012—consistent with the statewide increase of 2.92 percent

but significantly below the nationwide increase of 4.17 percent. Within the region, Rockland County

witnessed the strongest year-over-year advance at 4.22 percent, followed by Dutchess County at 2.86

percent and Orange and Westchester counties at 2.77 percent each. TPI in Sullivan, Ulster and Putnam

counties advanced 2.74 percent, 2.72 percent and 2.45 percent, respectively. Statewide, the year-over-year

change in TPI ranged from a high of 4.31 percent in Chenango County (Southern Tier) to a low of -.38

percent in Jefferson County (North Country).

Earned income—net wages, salaries and benefits—is the largest component of TPI at 65.90

percent of all income and is the most important indicator of the health of the household sector. The year-

over-year change in earned income at 2.42 percent fell short of both the statewide (2.90 percent) and

national (4.32 percent) increases and while there has been improvement over the most recent three-year

period, earned income growth continues to lag. The primary problem continues to be weak employment

growth. Year over year, employment by Hudson Valley residents fell 0.26 percent (2,700) compared to a

0.36 percent increase (31,900) in New York State and a 0.19 percent (139,869) increase nationwide.

Within the region, Rockland County witnessed the largest increase in earned income at 4.12 percent,

followed by Westchester County at 2.37 percent and Dutchess County at 2.06 percent.

Unearned income which includes interest, dividends and rents is the second largest component of

TPI at 20.17 percent. Compared to last year, unearned income advanced $1.22 billion (4.56 percent), rising

from $26.86 billion in 2011 to $28.09 billion in 2012, but remained $1.86 billion (6.21 percent) below the

pre-recession peak recorded in 2007. Region-wide, Sullivan County experienced the largest year-over-

year increase at 5.74 percent followed by Orange and Ulster counties at 5.47 percent and 5.26 percent,

respectively. Unearned income advanced 4.80 percent in New York State and 5.52 percent nationwide.

Statewide, the average per-capita unearned income increased from $9,143 in 2011 to $9,549 in

2012 and ranged from a high of $25,922 in New York County to a low of $3,675 in Bronx County (rank

62nd). Region-wide, per-capita unearned income advanced at a lesser pace (4.36 percent), increasing

from $11,653 to $12,161. Overall, Westchester County secured the highest rank (2nd) followed by

Rockland (8th) and Putnam (10th); Sullivan and Orange counties secured the lowest ranks at 24th and

31st, respectively.

Transfer payments accounted for 13.93 percent of TPI and include but are not limited to: old-age,

survivors’ and disability insurance benefits (Social Security); Medicare benefits; Medicaid benefits;

income maintenance benefits (principally temporary assistance, safety net assistance and food stamps);

state unemployment insurance compensation; veterans’ benefits; and federal training and educational

assistance.

1 Total personal income is the sum of net wages, salaries and benefits, income on real and financial assets and transfer payments. It is the most

inclusive definition of regional income.

Year over year, transfer payments continued to advance, posting a 3.16 percent ($594.00 million)

year-over-year increase compared to a 1.11 percent ($2.00 billion) increase in New York State and a 2.23

percent ($51.35 billion) increase nationwide. Overall, since the onset of the Great Recession, transfer

payments have grown at an annualized rate of 5.97 percent region-wide, 5.07 percent statewide and 6.48

percent nationwide. Over the three-year period ending in 2012, the rate of growth fell to 3.37 percent in

the Hudson Valley, 2.29 percent in New York State and 3.25 percent nationwide.

Region-wide, per-capita transfer payments advanced 2.96 percent from $8,155 in 2011 to $8,396

in 20122. Within the region, Sullivan County recorded the highest per-capita transfer payments at

$10,420, followed by Ulster and Rockland counties at $8,995 and $8,737, respectively. Consistent with

trend, Putnam County recorded the lowest per-capita transfer payments at $6,990. Statewide, per-capita

transfer payments ranged from a high of $11,167 in Richmond County—Staten Island—to a low of

$5,866 in Tompkins County (Southern Tier).

Year over year, per-capita TPI in the Hudson Valley advanced 2.75 percent from $58,679 in 2011

to $60,296 in 2012. This increase is explained by a 2.95 percent increase in TPI coupled with a .19

percent decrease in population. Over the same one-year period, per-capita TPI in New York State and the

U.S. advanced 3.40 percent and 2.56 percent, respectively. Within the region, per-capita earned income in

Westchester ($77,153), Putnam ($57,431) and Rockland ($56,230) counties exceeded the per-capita

earned income in both the U.S. ($43,735) and New York State ($53,241). Per-capita TPI in Dutchess

County ($48,643) was above the national per-capita level, but fell short compared to the statewide

average. Per-capita TPI incomes in Orange ($43,005), Ulster ($42,937) and Sullivan ($40,258) counties

were below both the national and statewide levels. Statewide, per-capital TPI ranged from a high of

$119,347 in New York County (Manhattan) to a low of $30,368 in Allegany County. All counties in the

region ranked in the top 50 percent statewide with Westchester County securing the second highest rank

behind New York County. Four counties ranked in the top ten: Westchester (2), Putnam (4), Rockland (5)

and Dutchess (10). The remaining three counties, Orange, Ulster and Sullivan, ranked 21, 22 and 26,

respectively.

2 This increase is explained by the 3.16 percent increase in payments in tandem with a year-over-year population decrease

(-0.19 percent).

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Year over year, total personal income (TPI)1 in the Hudson Valley advanced $3.99 billion (2.95

percent) from $135.26 billion in 20112 to $139.25 billion in 2012.The year-over-year change in TPI is

explained by a $2.17 billion (2.42 percent) increase in net wages, salaries and benefits—earned income—a

$1.22 billion (4.56 percent) increase in interest, dividends and rents—unearned income—and a $594.00

million (3.16 percent) increase in transfer payments. Over the same period, TPI in New York State

advanced 2.92 percent and ranged from a high of 4.31 percent in Chenango County located in the Southern

Tier to a low of -.38 percent in Jefferson County (North Country). Nationwide, TPI advanced 4.17 percent.

Since the onset of the Great Recession (December 2007), TPI in the Hudson Valley has grown at

an annualized rate of 1.39 percent compared to 2.43 percent in New York State and 2.75 percent

nationwide. Over the three-year period ending in 20123, TPI grew 3.49 percent per annum, 4.03 percent in

New York State and 4.33 percent nationwide.

Net Wages, Salaries and Benefits

(Earned Income) 2012

Earned income is the largest component of TPI at 65.90 percent of all income and is the most

important indicator of the health of the household sector. Year over year, earned income in the Hudson

1 Total personal income is the sum of net wages, salaries and benefits, income on real and financial assets and transfer payments. It is the most

inclusive definition of regional income. 2 On November 21, 2013, the Bureau of Economic Analysis released revised income numbers. 3 The Great Recession ended in June of 2009.

Total Personal Income: Year 2012 Data Source: U.S. Bureau of Economic Analysis, Author calculations (numbers in $1000’s)

Area Net Wages,

Salaries and Benefits

Interest, Dividends and

Rents

Transfer Payments

Total Personal Income

(TPI)

Percent Change TPI 2010–2011

Percent Change TPI 2011-2012

Dutchess $9,506,796 $2,581,844 $2,374,093 $14,462,733 5.43% 2.86%

Orange $10,698,552 $2,493,489 $2,913,779 $16,105,820 4.45% 2.77%

Putnam $4,081,877 $942,423 $696,232 $5,720,532 4.55% 2.45%

Rockland $11,925,908 $3,165,254 $2,776,255 $17,867,417 4.45% 4.22%

Sullivan $1,724,897 $566,470 $800,184 $3,091,551 3.86% 2.74%

Ulster $4,562,350 $1,608,025 $1,635,183 $7,805,558 3.66% 2.72%

Westchester $49,272,156 $16,728,672 $8,195,364 $74,196,192 5.04% 2.77%

Hudson Valley $91,772,536 $28,086,177 $19,391,090 $139,249,803 4.81% 2.95%

New York State $671,582,477 $186,868,014 $183,480,051 $1,041,930,542 5.37% 2.92%

United States $8,875,621,000 $2,495,206,000 $2,358,236,000 $13,729,063,000 6.09% 4.17%

2 | P a g e

Valley advanced 2.42 percent ($2.17 billion) from $89.60 billion in 2011 to $91.77 billion in 2012

compared to a 2.90 percent ($18.95 billion) increase in New York State and a 4.32 percent ($367.53

billion) increase nationwide. Since the onset of the Great Recession, earned income has grown at an

annualized rate of 1.43 percent with the growth rate rising to 3.34 per annum over the most recent three-

year period. Over the same two periods, earned income in New York State grew 2.39 percent and 4.02

percent, while nationwide earned income grew 2.32 percent and 4.39 percent, respectively.

Income paid by Hudson Valley employers—to both residents and nonresidents—posted a year-

over-year increase of $1.65 billion (2.50 percent), advancing from $66.11 billion in 2011 to $67.76

billion in 2012, while commuter income—income earned outside the Hudson Valley region—advanced

$516.50 million (2.20 percent) from $23.49 billion to $24.01 billion.

Rockland County witnessed the largest increase in earned income at 4.12 percent, followed by

Westchester County at 2.37 percent and Dutchess County at 2.06 percent. Statewide, earned income

increased 2.90 percent, while nationwide, earned income increased 4.32 percent.

Region-wide, per-capita earned income increased 2.42 percent from $38,871 in 2011 to

$39,7384 in 2012 and ranged from a high of $51,236 in Westchester County to a low of $22,462

in Sullivan County.

Within the region, per-

capita earned income in

Westchester ($51,236),

Putnam ($40,980) and

Rockland ($37,532)

exceeded the per-capita

earned income in both

the U.S. ($28,274) and

New York State

4 This increase is explained by a 2.42 percent increase in earned income in tandem with a year-over-year population decrease of (-.19 percent).

Earned Income 2010-2012

Data Source: U.S. Bureau of Economic Analysis, Author calculations

Area 2010

(in

thousands)

2011

(in

thousands)

2012

(in

thousands)

Percent

Change

2010–

2011

Percent

Change

2011–2012

Per-

Capita

Earned

Income

Statewide

Rank

2011

Dutchess $8,914,919 $9,314,717 $9,506,796 4.48% 2.06% $31,975 10

Orange $10,068,671 $10,490,544 $10,698,552 4.19% 1.98% $28,567 13

Putnam $3,885,428 $4,017,440 $4,081,877 3.40% 1.60% $40,980 4

Rockland $11,190,396 $11,453,912 $11,925,908 2.35% 4.12% $37,532 5

Sullivan $1,653,655 $1,690,841 $1,724,897 2.25% 2.01% $22,462 36

Ulster $4,386,617 $4,502,257 $4,562,350 2.64% 1.33% $25,097 23

Westchester $46,315,849 $48,131,460 $49,272,156 3.92% 2.37% $51,236 2

Hudson Valley $86,415,535 $89,601,171 $91,772,536 3.69% 2.42% $39,738 NM*

New York State $622,506,604 $652,632,625 $671,582,477 4.84% 2.90% $34,316 NM*

United States $8,007,961,000 $8,508,095,000 $8,875,621,000 6.25% 4.32% $28,274 NM*

*Not Meaningful

Net Commuter Income 2010-2012

Data Source: U.S. Bureau of Economic Analysis, Author calculations

2010

(in thousands)

2011

(in thousands)

2012

(in thousands)

Percent

Change

2010–2011

Percent

Change

2011–2012

Dutchess $1,950,066 $2,143,320 $2,275,574 9.91% 6.17%

Orange $2,640,598 $2,737,521 $2,826,485 3.67% 3.25%

Putnam $2,279,312 $2,353,911 $2,406,140 3.27% 2.22%

Rockland $3,103,936 $3,120,092 $3,339,383 0.52% 7.03%

Sullivan $381,201 $402,154 $408,191 5.50% 1.50%

Ulster $1,247,935 $1,300,855 $1,316,168 4.24% 1.18%

Westchester $10,732,206 $11,435,743 $11,438,145 6.56% 0.02%

Hudson Valley $22,335,254 $23,493,596 $24,010,086 5.19% 2.20%

3 | P a g e

($34,316). Per-capita earned income in Dutchess ($31,975) and Orange ($28,567) counties were above

the national per-capita level but fell when compared to the statewide average. Per-capita earned

incomes in Ulster ($25,097) and Sullivan ($22,462) counties were below both the national and

statewide levels.

Every county in the region with the exception of Sullivan County ranked in the top 30 percent

statewide, with Westchester County securing the second highest rate behind New York County

($82,350). Putnam, Rockland and Dutchess counties ranked in the top ten at four, five, and ten,

respectively. Sullivan County secured the lowest rank at 36th.

Interest, Dividends and Rents 2012

Unearned income (interest, dividends and rents) is the second largest component of TPI at

20.17 percent of TPI. Compared to the same period last year, unearned income advanced $1.22 billion

(4.56 percent), rising from $26.86 billion in 2011 to $28.09 billion in 2012, but remained $1.86 billion

(6.21 percent) below the pre-recession peak recorded in 2007. Region-wide, Sullivan County

experienced the largest year-over-year increase at 5.74 percent followed by Orange and Ulster counties

at 5.47 percent and 5.26 percent, respectively. Unearned income advanced 4.80 percent in New York

State and 5.52 percent nationwide.

Statewide, the average per-capita unearned income increased 4.44 percent from $9,143 in 2011

to $9,549 in 2012 and ranged from a high of $25,922 in New York County to a low of $3,675 in Bronx

County (rank 62nd). Region-wide, per-capita unearned income advanced at a lesser pace (4.36 percent),

increasing from $11,653 to $12,161. Overall, every county in the region ranked in the top 50 percent

with Westchester securing the highest rank (2nd) followed by Rockland (8th) and Putnam (10th). Ulster

and Dutchess ranked 13th and 14th, respectively, while Sullivan and Orange counties secured the lowest

ranks at 24th and 31st.

Unearned Income 2010–2012 Data Source: U.S. Bureau of Economic Analysis, Author calculations

Area 2010

(in thousands) 2011

(in thousands) 2012

(in thousands)

Percent Change

2010-2011

Percent Change

2010-2011

Per-Capita Unearned

Income

Statewide Rank 2012

Dutchess $2,181,633 $2,458,218 $2,581,844 12.68% 5.03% $8,684 14

Orange $2,173,403 $2,364,136 $2,493,489 8.78% 5.47% $6,658 31

Putnam $798,355 $896,312 $942,423 12.27% 5.14% $9,461 10

Rockland $2,660,823 $3,019,816 $3,165,254 13.49% 4.82% $9,961 8

Sullivan $479,118 $535,739 $566,470 11.82% 5.74% $7,377 24

Ulster $1,415,203 $1,527,600 $1,608,025 7.94% 5.26% $8,845 13

Westchester $14,552,148 $16,059,566 $16,728,672 10.36% 4.17% $17,395 2

Hudson Valley $24,260,683 $26,861,387 $28,086,177 10.72% 4.56% $12,161 NM*

New York State $159,319,551 $178,301,183 $186,868,014 11.91% 4.80% $9,549 NM*

United States $2,138,498,000 $2,364,576,000 $2,495,206,000 10.57% 5.52% $7,949 NM*

*Not Meaningful

4 | P a g e

Transfer Payments 2012

Transfer payments include but are not limited to: old-age, survivors’ and disability insurance

benefits (Social Security); Medicare benefits; Medicaid benefits; income maintenance benefits

(principally temporary assistance, safety net assistance and food stamps); state unemployment insurance

compensation; veterans’ benefits; and federal training and educational assistance.

Total transfer payments continued to advance, posting a 3.16 percent ($594.00 million) year-

over-year increase compared to a (1.11 percent) $2.00 billion increase in New York State and a (2.23

percent) $51.35 billion increase nationwide. Overall, since the onset of the Great Recession, transfer

payments have grown at an annualized rate of 5.97 percent region-wide, 5.07 percent statewide and 5.72

percent nationwide. Over the three-year period ending in 2012, transfer payments grew 3.37 percent in the

Hudson Valley, 2.29 percent in New York State and 3.21 percent nationwide.

Transfer Payments 2010-2012 Data Source: Bureau of Economic Analysis; Author calculations

Area 2010

(in thousands) 2011

(in thousands) 2012

(in thousands)

Percent Change 2010-

2011

Percent Change 2010-

2011

Per-Capita Unearned

Income

Statewide Rank 2012

Dutchess $2,238,761 $2,287,059 $2,374,093 2.16% 3.81% $7,985 50

Orange $2,761,667 $2,817,259 $2,913,779 2.01% 3.43% $7,780 53

Putnam $656,946 $669,823 $696,232 1.96% 3.94% $6,990 60

Rockland $2,562,607 $2,670,084 $2,776,255 4.19% 3.98% $8,737 29

Sullivan $764,255 $782,414 $800,184 2.38% 2.27% $10,420 3

Ulster $1,528,826 $1,569,021 $1,635,183 2.63% 4.22% $8,995 26

Westchester $7,860,993 $8,001,871 $8,195,364 1.79% 2.42% $8,522 37

Hudson Valley $18,374,055 $18,797,531 $19,391,090 2.30% 3.16% $8,396 NM*

New York State $179,000,354 $181,471,836 $183,480,051 1.38% 1.11% $9,375 NM*

United States 2,276,873,000 2,306,890,000 2,358,236,000 1.32% 2.23% $7,512 NM*

*Not Meaningful

Region-wide, per-capita transfer payments advanced 2.96 percent from $8,155 in 2011 to $8,396

in 20125. Within the region, Sullivan County recorded the highest per-capita transfer payments at

$10,420, followed by Ulster and Rockland counties at $8,995 and $8,737, respectively. Consistent with

trend, Putnam County recorded the lowest per-capita transfer payments at $6,990.

Statewide, per-capita transfer payments ranged from a high of $11,167 in Richmond County—

Staten Island—to a low of $5,866 in Tompkins County (Southern Tier). Within the region, Sullivan

secured the highest rank at three ($10,420); Putnam the lowest at 60th ($6,990).

5 This increase is explained by the 3.16 percent increase in payments in tandem with a year-over-year population decrease

(-0.19 percent).

5 | P a g e

Per-Capita TPI 2012

Year over year, per-capita TPI in the Hudson Valley advanced 2.75 percent from $58,679 in 2011

to $57,973 in 2012. This increase is explained by a 2.95 percent increase in TPI coupled with a .19

percent decrease in population. Over the same one-year period, per-capita TPI in the U.S. and New York

State advanced 2.56 percent and 3.40 percent, respectively.

Within the region, per-capita earned income in Westchester ($77,153), Putnam ($57,431) and

Rockland ($56,230) counties exceeded the per-capita earned income in both the U.S. ($43,735) and

New York State ($53,241). Per-capita TPI in Dutchess County ($48,643) was above the national per-

capita level, but fell short compared to the statewide average. Per-capita TPI incomes in Orange

($43,005), Ulster ($42,937) and Sullivan ($40,258) counties were below both the national and statewide

levels.

Statewide, per-capital TPI ranged from a high of $119,347 in New York County (Manhattan) to

a low of $30,368 in Allegany County. All counties in the region ranked in the top 50 percent with

Westchester County securing the second highest rank behind New York County (rank 1). Overall four

counties ranked in the top ten: Westchester (2), Putnam (4), Rockland (5) and Dutchess (10). The

remaining three counties, Orange, Ulster and Sullivan, ranked 21, 22 and 26, respectively.

Per-Capita TPI 2010-2012 Data Source: Bureau of Economic Analysis, author calculations

Area 2010 2011 2012

Percent Change 2009-2010

Percent Change 2010–2011

Statewide Rank 2011

Dutchess $44,784 $47,148 $48,643 5.28% 3.17% 10

Orange $40,168 $41,855 $43,005 4.20% 2.75% 21

Putnam $53,523 $55,883 $57,431 4.41% 2.77% 4

Rockland $52,521 $54,301 $56,230 3.39% 3.55% 5

Sullivan $37,416 $39,038 $40,258 4.33% 3.13% 26

Ulster $40,191 $41,619 $42,937 3.55% 3.17% 22

Westchester $72,295 $75,426 $77,153 4.33% 2.29% 2

Hudson Valley $56,253 $58,679 $60,296 4.31% 2.75% NM*

New York State $49,529 $51,914 $53,241 4.82% 2.56% NM*

United States $40,163 $42,298 $43,735 5.32% 3.40% NM*

*Not Meaningful

6 | P a g e

–2012 Statewide Data–

Per-Capita State Ranks 2012 ( 1of 2)

Data Source: Bureau of Economic Analysis, author calculations

Area TPI Rank Earned Income Rank

Unearned Income Rank

Transfer Payments Rank

Albany $51,176 7 $32,671 9 $9,624 9 $8,881 63

Allegany $30,368 62 $17,158 62 $4,849 59 $8,361 40

Bronx $33,080 58 $19,019 57 $3,675 62 $10,385 5

Broome $38,271 31 $21,892 43 $7,259 26 $9,120 22

Cattaraugus $37,058 41 $21,156 46 $5,598 49 $10,305 7

Cayuga $37,228 40 $22,952 31 $6,108 36 $8,168 48

Chautauqua $33,628 57 $18,342 58 $5,605 48 $9,682 11

Chemung $38,056 32 $22,420 37 $6,361 33 $9,275 20

Chenango $36,987 42 $21,841 45 $5,935 39 $9,211 21

Clinton $37,703 39 $23,109 30 $5,823 43 $8,771 28

Columbia $45,341 13 $25,551 21 $10,270 5 $9,519 13

Cortland $34,639 51 $21,055 47 $5,667 46 $7,917 52

Delaware $35,343 48 $19,305 56 $7,028 28 $9,010 25

Dutchess $48,643 10 $31,975 10 $8,684 14 $7,985 50

Erie $43,932 19 $27,256 18 $7,616 22 $9,061 24

Essex $37,777 38 $19,987 53 $8,296 18 $9,494 14

Franklin $32,975 59 $19,359 54 $5,056 58 $8,561 36

Fulton $37,913 35 $21,930 42 $5,792 44 $10,191 8

Genesee $35,836 45 $21,985 40 $5,572 51 $8,280 42

Greene $41,018 25 $23,776 27 $7,914 20 $9,327 18

Hamilton $46,362 11 $22,122 39 $13,925 4 $10,315 6

Herkimer $35,020 50 $20,235 51 $5,360 55 $9,425 15

Jefferson $44,301 18 $28,805 11 $8,345 17 $7,151 59

Kings $41,703 24 $26,202 20 $5,348 56 $10,153 10

Lewis $33,774 55 $20,603 50 $5,900 41 $7,270 58

Livingston $35,103 49 $21,865 44 $5,574 50 $7,663 54

Madison $36,298 44 $22,477 35 $6,429 32 $7,392 56

Monroe $46,105 12 $28,581 12 $8,647 16 $8,878 27

Montgomery $34,435 52 $18,163 59 $5,853 42 $10,420 4

Nassau $70,761 3 $46,781 3 $15,386 3 $8,594 34

New York $119,347 1 $82,350 1 $25,922 1 $11,074 2

Niagara $37,899 36 $22,702 33 $5,910 40 $9,287 19

Oneida $38,758 28 $22,242 38 $6,968 29 $9,548 12

7 | P a g e

Per-Capita State Ranks 2012 (2 of 2)

Data Source: Bureau of Economic Analysis, author calculations

County TPI Rank Earned Income Rank Unearned Income Rank Transfer Receipts Rank

Onondaga $44,700 16 $28,194 16 $7,854 21 $8,653 33

Ontario $44,740 15 $28,452 14 $8,064 19 $8,225 46

Orange $43,005 21 $28,567 13 $6,658 31 $7,780 53

Orleans $32,212 60 $19,325 55 $4,803 60 $8,084 49

Oswego $33,803 54 $20,814 49 $4,513 61 $8,476 38

Otsego $35,689 47 $20,036 52 $7,297 25 $8,356 41

Putnam $57,431 4 $40,980 4 $9,461 10 $6,990 60

Queens $44,645 17 $28,207 15 $6,264 34 $10,174 9

Rensselaer $42,821 23 $27,866 17 $6,751 30 $8,204 47

Richmond $50,986 8 $32,776 8 $7,043 27 $11,167 1

Rockland $56,230 5 $37,532 5 $9,961 8 $8,737 29

Saratoga $49,886 9 $33,832 7 $9,087 12 $6,967 61

Schenectady $45,051 14 $26,951 19 $9,400 11 $8,700 32

Schoharie $38,308 30 $25,266 22 $5,482 52 $7,561 55

Schuyler $37,789 37 $22,657 34 $6,013 38 $9,119 23

Seneca $35,696 46 $21,959 41 $5,757 45 $7,980 51

St. Lawrence $31,414 61 $17,729 61 $5,112 57 $8,573 35

Steuben $37,988 34 $23,209 29 $6,064 37 $8,716 30

Suffolk $55,221 6 $36,855 6 $9,967 7 $8,399 39

Sullivan $40,258 26 $22,462 36 $7,377 24 $10,420 3

Tioga $38,734 29 $24,352 24 $6,111 35 $8,270 43

Tompkins $38,852 27 $24,330 25 $8,656 15 $5,866 62

Ulster $42,937 22 $25,097 23 $8,845 13 $8,995 26

Warren $43,155 20 $23,733 28 $10,079 6 $9,342 17

Washington $36,833 43 $22,930 32 $5,662 47 $8,241 45

Wayne $38,043 33 $23,948 26 $5,392 53 $8,703 31

Westchester $77,153 2 $51,236 2 $17,395 2 $8,522 37

Wyoming $33,729 56 $20,989 48 $5,364 54 $7,376 57

Yates $33,844 53 $18,097 60 $7,499 23 $8,248 44

New York State $53,241 NM $34,316 NM $9,549 NM $9,375 NM

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Percent Change 2011-2012 and State Ranks 2012 ( 1of 2)

Data Source: Bureau of Economic Analysis, author calculations

Area TPI Rank Earned Income Rank

Unearned Income Rank

Transfer Payments Rank

Albany 2.49% 35 2.37% 18 4.61% 57 0.74% 57

Allegany 2.32% 41 1.81% 30 5.96% 14 1.36% 52

Bronx 2.51% 33 3.65% 7 7.73% 1 -1.18% 62

Broome 2.36% 39 1.86% 28 5.42% 41 1.24% 54

Cattaraugus 2.12% 50 1.36% 43 6.33% 6 1.49% 49

Cayuga 2.07% 52 0.98% 55 6.37% 4 2.05% 35

Chautauqua 2.15% 48 1.22% 48 6.19% 10 1.67% 43

Chemung 2.12% 49 1.30% 45 5.84% 20 1.65% 44

Chenango 4.31% 1 4.69% 2 5.67% 28 2.56% 23

Clinton 2.72% 22 1.73% 31 6.25% 8 3.08% 15

Columbia 3.06% 14 2.21% 20 4.87% 55 3.43% 9

Cortland 3.09% 13 3.11% 11 6.11% 11 0.96% 55

Delaware 3.90% 7 3.63% 8 5.43% 40 3.30% 13

Dutchess 2.86% 18 2.06% 24 5.03% 54 3.81% 7

Erie 3.10% 12 2.81% 13 5.58% 33 1.96% 36

Essex 3.38% 10 1.69% 32 5.63% 31 5.12% 2

Franklin 2.58% 29 1.39% 42 6.90% 2 2.85% 18

Fulton 1.84% 55 1.53% 38 5.59% 32 0.46% 58

Genesee 2.16% 47 1.24% 47 5.55% 35 2.44% 27

Greene 2.96% 16 2.59% 14 5.83% 21 1.57% 48

Hamilton 3.60% 9 1.28% 46 6.21% 9 5.25% 1

Herkimer 1.50% 56 0.43% 56 5.92% 16 1.41% 51

Jefferson -0.38% 62 -1.80% 62 3.05% 62 1.61% 46

Kings 2.60% 28 2.96% 12 6.81% 3 -0.38% 60

Lewis 1.06% 59 -0.85% 60 5.57% 34 3.11% 14

Livingston 2.56% 31 1.48% 41 5.68% 26 3.48% 8

Madison 1.84% 54 1.03% 53 5.29% 47 1.43% 50

Monroe 4.00% 5 4.00% 5 5.50% 38 2.56% 24

Montgomery 2.10% 51 1.06% 52 5.72% 25 1.95% 37

Nassau 2.66% 25 2.30% 19 3.76% 60 2.66% 22

New York 2.97% 15 3.33% 9 3.55% 61 -0.94% 61

Niagara 2.40% 38 1.62% 34 5.79% 23 2.24% 33

Oneida 1.96% 53 1.00% 54 5.41% 42 1.77% 40

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Percent Change 2011-2012 and State Ranks 2012 ( 2of 2)

Data Source: Bureau of Economic Analysis, author calculations County TPI Rank Earned Income Rank Unearned Income Rank Transfer Receipts Rank

Onondaga 3.94% 6 3.94% 6 5.68% 27 2.42% 29

Ontario 2.53% 32 1.59% 37 5.64% 29 2.83% 19

Orange 2.77% 20 1.98% 26 5.47% 39 3.43% 10

Orleans 2.22% 46 1.21% 49 5.90% 17 2.54% 25

Oswego 2.32% 40 1.50% 40 6.00% 13 2.48% 26

Otsego 2.27% 44 1.51% 39 5.26% 50 1.59% 47

Putnam 2.45% 36 1.60% 35 5.14% 52 3.94% 5

Queens 4.21% 3 5.49% 1 5.83% 22 -0.08% 59

Rensselaer 2.69% 24 2.17% 21 5.25% 51 2.42% 28

Richmond 2.26% 45 2.08% 23 5.35% 45 0.89% 56

Rockland 4.22% 2 4.12% 4 4.82% 56 3.98% 4

Saratoga 3.19% 11 2.45% 16 5.52% 37 3.89% 6

Schenectady 2.64% 26 1.68% 33 5.08% 53 3.05% 16

Schoharie 0.74% 60 -0.62% 59 5.26% 49 2.22% 34

Schuyler 2.51% 34 1.59% 36 5.85% 18 2.66% 21

Seneca 2.64% 27 2.10% 22 6.00% 12 1.76% 41

St. Lawrence 2.41% 37 1.84% 29 6.31% 7 1.34% 53

Steuben 0.69% 61 -1.05% 61 5.37% 44 2.32% 31

Suffolk 2.57% 30 1.92% 27 4.40% 58 3.35% 12

Sullivan 2.74% 21 2.01% 25 5.74% 24 2.27% 32

Tioga 1.35% 57 0.30% 57 5.38% 43 1.61% 45

Tompkins 4.19% 4 4.33% 3 5.52% 36 1.75% 42

Ulster 2.72% 23 1.33% 44 5.26% 48 4.22% 3

Warren 3.72% 8 3.31% 10 5.33% 46 3.05% 17

Washington 2.91% 17 2.53% 15 5.93% 15 1.94% 38

Wayne 1.27% 58 -0.45% 58 5.85% 19 3.41% 11

Westchester 2.77% 19 2.37% 17 4.17% 59 2.42% 30

Wyoming 2.32% 42 1.18% 50 6.35% 5 2.78% 20

Yates 2.30% 43 1.17% 51 5.64% 30 1.89% 39

New York State 2.92% NM 2.90% NM 4.80% NM 1.11% NM