Current Year's Year's to Curr. Ago to Year Data Data Year Ago Curr. They have not been adjusted for inflation. Personal income is the sum of net earnings by place of residence, rental income of persons, personal dividend income, personal interest income, and transfer payments.
Personal income is measured before the deduction of personal income taxes and other personal taxes.
The residence adjustment is the net inflow of the net labor earnings of interstate commuters. The State estimates of personal income are presented by the State of residence of the income recipients. It consists of payments to individuals and to nonprofit institutions by Federal, State, and local governments and by businesses. Business transfer payments to persons consist primarily of liability payments for personal injury and of corporate gifts to nonprofit institutions. The per capita measures are the annual amounts of total personal income, total disposable personal income, or a particular component of income divided by the resident population as of July 1.