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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	279,776,942	20	395,838,704	19
2021	276,923,152	20	415,292,150	19
2020	269,029,090	20	400,673,487	20
2019	264,453,818	19	377,327,508	20

Source: U.S. Bureau of Economic Analysis

Quarterly Earnings and Income over Time 2022 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
2022:4	284,942,565	20	406,373,038	19
2022:3	281,719,213	20	395,955,936	19
2022:2	276,953,924	20	391,781,637	19
2022:1	275,492,014	18	389,244,169	19
2021:4	286,357,748	20	412,071,649	19
2021:3	279,389,677	20	407,804,319	19
2021:2	274,564,999	20	405,262,249	19
2021:1	267,380,181	20	436,030,381	19
2020:4	280,166,738	20	402,506,119	19
2020:3	272,668,401	20	402,050,472	19
2020:2	251,210,685	20	412,576,543	20
2020:1	272,070,536	19	385,560,813	20
2019:4	267,516,371	19	381,282,661	20
2019:3	265,063,860	19	378,686,840	20
2019:2	262,848,136	19	375,599,382	20
2019:1	262,386,906	19	373,741,149	20
% Change 2019:1 to 2022:4	8.6%	21	8.7%	14

Source: U.S. Bureau of Economic Analysis

Per Capita Personal Income	Number	Rank	Percent of U.S.
Per Capita Income - 2022	$57,930	33	88.5%
Per Capita Income - 2012 (adj. for inflation)	$50,264	36	88.5%
Per Capita Income - 2002 (adj. for inflation)	$47,043	32	90.8%
Per Capita Income - 1992 (adj. for inflation)	$40,490	30	92.0%
10-Year % Change	15.3%	17
20-Year % Change	23.1%	32
30-Year % Change	43.1%	38

Source: U.S. Bureau of Economic Analysis

Personal Income in 2022	Amount ($000)	5-Year Adj. % Change	Rank
Total Earnings by Place of Work	$279,776,942	10.4%	17
Minus: Contributions for government social insurance	$31,282,383	10.5%	15
Personal contributions for government social insurance	$17,163,812	12.3%	16
Employer contributions for government social insurance	$14,118,571	8.5%	19
Plus: Adjustment for residence	$8,340,505	11.2%	29
Equals: Net Earnings by Place of Residence	$256,835,064	10.4%	18
Plus: Dividends, rent, interest	$57,300,570	-1.3%	36
Plus: Transfer payments	$81,703,070	19.0%	12
Equals: Personal Income by Place of Residence	$395,838,704	10.2%	17

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