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Franklin: Personal income by source

Individuals and households get their income from three main sources: net earnings by place of residence; dividends, interest, and rent; and transfer payments (for example, Social Security and Unemployment Compensation).

Among Franklin residents in 2018. . .

  • net earnings made up 65 percent of personal income, compared to 66 percent in 2010;

  • dividends, interest and rent - income from investments - made up 13 percent of personal income, compared to 13 percent in 2010;

  • transfer payments made up 18 percent of personal income, compared to 21 percent in 2010.
 

To get the most out of this indicator . . .

 

Ask questions:

 

·         What is your county’s major source of income?

·         How have your county’s sources of income changed over time?

 

Dig deeper:

 

·         Look at the county rankings for your state and/or view maps to see how your county compares to others.

·         Download data for your county or state to view the total income for each source.

·         Take a Big Picture view of your county.

·         If you have specific questions, send us an e-mail.



Note: The Consumer Price Index (CPI) is a measure of inflation. Here we adjusted dollar values by the CPI-U, which is the most commonly used CPI. Using the CPI to put dollar values in “real” terms makes it easier to see “inflation-free” change over time. Our base year is 2018, which means all dollar values are in terms of 2018 dollars. For more information, see (http://www.bls.gov/cpi/home.htm)

Source: 1969-2018: Bureau of Economic Analysis, Regional Economic Data, Local Area Personal Income, Table CA05, (http://www.bea.gov/iTable/iTable.cfm?ReqID=70&step=1); DATE LAST UPDATED: November 14, 2019.




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