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Indiana's Economy

Annual Earnings and Income over Time 2022 Adjusted Dollars	Earnings by Place of Work adj. ($000)	Rank	Personal Income by Place of Residence adj. ($000)	Rank
2022	277,788,293	20	398,522,647	19
2021	280,320,560	20	418,963,401	19
2020	267,689,617	20	397,019,830	19
2019	263,500,661	19	373,620,467	20

Source: U.S. Bureau of Economic Analysis

Quarterly Earnings and Income over Time 2023 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
2023:2	287,805,130	20	411,205,203	19
2023:1	284,954,100	20	406,853,163	19
2022:4	288,677,682	20	419,460,231	19
2022:3	290,239,288	20	413,152,519	19
2022:2	285,161,497	20	408,673,866	19
2022:1	284,104,918	19	405,928,523	19
2021:4	299,732,065	20	430,835,335	19
2021:3	292,503,298	20	425,657,149	19
2021:2	287,291,014	20	422,466,740	19
2021:1	279,123,636	20	452,743,760	19
2020:4	289,531,623	20	414,550,984	19
2020:3	280,533,975	20	412,122,821	19
2020:2	257,653,502	20	420,993,077	20
2020:1	278,723,389	19	393,336,655	19
% Change 2020:1 to 2023:2	3.3%	22	4.5%	27

Source: U.S. Bureau of Economic Analysis

Per Capita Personal Income	Number	Rank	Percent of U.S.
Per Capita Income - 2022	$58,323	35	89.1%
Per Capita Income - 2012 (adj. for inflation)	$49,903	36	88.5%
Per Capita Income - 2002 (adj. for inflation)	$47,017	32	90.9%
Per Capita Income - 1992 (adj. for inflation)	$40,490	30	92.0%
10-Year % Change	16.9%	18
20-Year % Change	24.0%	31
30-Year % Change	44.0%	35

Source: U.S. Bureau of Economic Analysis

Personal Income in 2022	Amount ($000)	5-Year Adj. % Change	Rank
Total Earnings by Place of Work	$277,788,293	10.3%	16
Minus: Contributions for government social insurance	$31,214,954	10.3%	20
Personal contributions for government social insurance	$17,460,870	14.2%	19
Employer contributions for government social insurance	$13,754,084	5.7%	20
Plus: Adjustment for residence	$8,147,186	8.6%	31
Equals: Net Earnings by Place of Residence	$254,720,525	10.3%	18
Plus: Dividends, rent, interest	$61,729,859	10.0%	25
Plus: Transfer payments	$82,072,263	19.4%	23
Equals: Personal Income by Place of Residence	$398,522,647	12.0%	19

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