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| Westchester Apartment Locator Services : Westchester |  | Contents | |
| Economy |
Bearfacts 1993 –
2003 |
Los Angeles, California (06037)
Los Angeles is one of 58 counties in California. It is part
of the Los Angeles-Long Beach-Santa Ana, CA (MSA). Its 2003
population of 9,860,382 ranked 1st in the state. |
PER CAPITA PERSONAL INCOME
In 2003 Los Angeles had a per capita personal income (PCPI)
of $31,569. This PCPI ranked 18th in the state and was 94 percent
of the state average, $33,415, and 100 percent of the national
average, $31,472. The 2003 PCPI reflected an increase of 2.0
percent from 2002. The 2002-2003 state change was 1.7 percent
and the national change was 2.2 percent. In 1993 the PCPI of
Los Angeles was $22,115 and ranked 17th in the state. The 1993-2003
average annual growth rate of PCPI was 3.6 percent. The average
annual growth rate for the state was 4.0 percent and for the
nation was 4.0 percent. |
TOTAL PERSONAL INCOME
In 2003 Los Angeles had a total personal income (TPI) of $311,285,326.
This TPI ranked 1st in the state and accounted for 26.3 percent
of the state total. In 1993 the TPI of Los Angeles was $201,248,460
and ranked 1st in the state. The 2003 TPI reflected an increase
of 3.0 percent from 2002. The 2002-2003 state change was 3.1
percent and the national change was 3.2 percent. The 1993-2003
average annual growth rate of TPI was 4.5 percent. The average
annual growth rate for the state was 5.3 percent and for the
nation was 5.1 percent. |
COMPONENTS OF TOTAL PERSONAL
INCOME
Total personal income includes net earnings by place of residence;
dividends, interest, and rent; and personal current transfer
receipts received by the residents of Los Angeles. In 2003 net
earnings accounted for 69.6 percent of TPI (compared with 68.8
in 1993); dividends, interest, and rent were 15.9 percent (compared
with 17.4 in 1993); and personal current transfer receipts were
14.6 percent (compared with 13.8 in 1993). From 2002 to 2003
net earnings increased 4.0 percent; dividends, interest, and
rent decreased 2.6 percent; and personal current transfer receipts
increased 4.9 percent. From 1993 to 2003 net earnings increased
on average 4.6 percent each year; dividends, interest, and rent
increased on average 3.5 percent; and personal current transfer
receipts increased on average 5.0 percent. |
EARNINGS BY PLACE OF WORK
Earnings of persons employed in Los Angeles increased from $255,754,194
in 2002 to $265,062,804 in 2003, an increase of 3.6 percent.
The 2002-2003 state change was 4.1 percent and the national
change was 4.1 percent. The average annual growth rate from
the 1993 estimate of $175,145,665 to the 2003 estimate was 4.2
percent. The average annual growth rate for the state was 5.6
percent and for the nation was 5.3 percent. |
| Note: All income estimates with the
exception of PCPI are in thousands of dollars, not adjusted
for inflation. |
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