Real per capita personal income in Thurston County started recovering from the recession in 2013, and surpassed its 2008 peak ($45,404 in 2016 dollars) for the first time in 2016 ($45,932).
Per Capita Income
Per capita personal income is determined by dividing Thurston County’s total personal income (or the income received from most major sources, including earned income, dividends, interest, rent, and transfer payments) by its population. This measure gives an average income for all residents, including children, retirees, and people who are unemployed.
Per capita personal income is often expressed in “nominal” or “real” dollars. Nominal dollars represent the actual dollar value at the point in time for which the income was measured and do not include the effects of inflation. Real, or constant, dollars account for inflation and can be used to compare the buying power of money at two different points in time.