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Indiana's Economy

Annual Earnings and Income over Time 2020 Adjusted Dollars	Earnings by Place of Work adj. ($000)	Rank	Personal Income by Place of Residence adj. ($000)	Rank
2021	246,865,018	20	365,028,971	19
2020	235,436,447	20	350,759,528	20
2019	234,280,571	19	333,749,193	19
2018	229,874,719	19	326,501,199	19

Source: U.S. Bureau of Economic Analysis

Quarterly Earnings and Income over Time 2021 Adjusted Dollars (Millions of dollars, seasonally adjusted)	Earnings by Place of Work adj. ($000,000)	Rank	Personal Income by Place of Residence adj. ($000,000)	Rank
2021:4	265,718,032	20	378,133,287	19
2021:3	261,840,835	20	376,285,103	18
2021:2	256,786,220	20	372,648,720	18
2021:1	249,506,028	19	401,645,307	18
2020:4	258,286,106	20	368,829,771	18
2020:3	249,088,743	20	367,159,866	19
2020:2	229,880,669	20	379,323,185	20
2020:1	248,733,702	19	353,640,342	19
2019:4	248,483,046	19	353,450,412	19
2019:3	245,748,898	19	350,375,936	20
2019:2	243,797,391	19	347,761,404	19
2019:1	243,119,168	19	346,127,476	19
2018:4	244,191,162	19	347,224,655	19
2018:3	241,283,644	19	342,908,628	20
2018:2	239,401,526	19	339,850,700	19
2018:1	237,820,810	19	337,377,217	19
% Change 2018:1 to 2021:4	11.7%	21	12.1%	20

Source: U.S. Bureau of Economic Analysis

Per Capita Personal Income	Number	Rank	Percent of U.S.
Per Capita Income - 2021	$56,153	34	88.5%
Per Capita Income - 2011 (adj. for inflation)	$45,534	36	88.4%
Per Capita Income - 2001 (adj. for inflation)	$43,819	33	90.6%
Per Capita Income - 1991 (adj. for inflation)	$36,052	31	90.5%
10-Year % Change	23.3%	17
20-Year % Change	28.1%	34
30-Year % Change	55.8%	32

Source: U.S. Bureau of Economic Analysis

Personal Income in 2021	Amount ($000)	5-Year Adj. % Change	Rank
Total Earnings by Place of Work	$258,462,793	11.8%	20
Minus: Contributions for government social insurance	$29,858,131	16.0%	15
Personal contributions for government social insurance	$16,272,795	17.9%	18
Employer contributions for government social insurance	$13,585,336	13.9%	14
Plus: Adjustment for residence	$8,161,742	22.8%	16
Equals: Net Earnings by Place of Residence	$236,766,404	11.6%	21
Plus: Dividends, rent, interest	$53,472,018	1.5%	18
Plus: Transfer payments	$91,939,694	45.4%	26
Equals: Personal Income by Place of Residence	$382,178,116	16.5%	17

*Adj = Adjusted for Inflation
Source: U.S. Bureau of Economic Analysis