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Old 03-24-2015, 04:03 PM
 
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The newer and updated numbers came out back in November but to little surprise they were never reported on this forum. So here they are for those of you interested in the total wealth of an area (and their respective per capitas).

Total Personal Income, 2013:
01. New York-Newark, NY-NJ-CT-PA (Combined Statistical Area): $1.385 Trillion
02. Los Angeles-Long Beach, CA (Combined Statistical Area): $822.975 Billion
03. Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): $545.672 Billion
04. San Jose-San Francisco-Oakland, CA (Combined Statistical Area): $535.245 Billion
05. Chicago-Naperville, IL-IN-WI (Combined Statistical Area): $482.205 Billion
06. Boston-Worcester-Providence, MA-RI-NH-CT (Combined Statistical Area): $452.210 Billion
07. Philadelphia-Reading-Camden, PA-NJ-DE-MD (Combined Statistical Area): $362.723 Billion
08. Dallas-Fort Worth, TX-OK (Combined Statistical Area): $335.006 Billion
09. Houston-The Woodlands, TX (Combined Statistical Area): $334.914 Billion
10. Miami-Fort Lauderdale-Port St. Lucie, FL (Combined Statistical Area): $290.416 Billion
11. Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): $249.270 Billion
12. Seattle-Tacoma, WA (Combined Statistical Area): $235.584 Billion
13. Detroit-Warren-Ann Arbor, MI (Combined Statistical Area): $222.824 Billion
14. Minneapolis-St. Paul, MN-WI (Combined Statistical Area): $190.109 Billion
15. Phoenix-Mesa-Scottsdale, AZ (Metropolitan Statistical Area): $170.430 Billion
16. Denver-Aurora, CO (Combined Statistical Area): $166.174 Billion
17. San Diego-Carlsbad, CA (Metropolitan Statistical Area): $165.008 Billion
18. Cleveland-Akron-Canton, OH (Combined Statistical Area): $151.688 Billion
19. Portland-Vancouver-Salem, OR-WA (Combined Statistical Area): $126.174 Billion

Population Set, 2013:
01. New York-Newark, NY-NJ-CT-PA (Combined Statistical Area): 23,484,225
02. Los Angeles-Long Beach, CA (Combined Statistical Area): 18,351,929
03. Chicago-Naperville, IL-IN-WI (Combined Statistical Area): 9,912,730
04. Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): 9,443,180
05. San Jose-San Francisco-Oakland, CA (Combined Statistical Area): 8,469,854
06. Boston-Worcester-Providence, MA-RI-NH-CT (Combined Statistical Area): 8,041,303
07. Dallas-Fort Worth, TX-OK (Combined Statistical Area): 7,206,144
08. Philadelphia-Reading-Camden, PA-NJ-DE-MD (Combined Statistical Area): 7,146,706
09. Houston-The Woodlands, TX (Combined Statistical Area): 6,508,323
10. Miami-Fort Lauderdale-Port St. Lucie, FL (Combined Statistical Area): 6,447,610
11. Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): 6,162,195
12. Detroit-Warren-Ann Arbor, MI (Combined Statistical Area): 5,314,163
13. Seattle-Tacoma, WA (Combined Statistical Area): 4,459,677
14. Phoenix-Mesa-Scottsdale, AZ (Metropolitan Statistical Area): 4,398,762
15. Minneapolis-St. Paul, MN-WI (Combined Statistical Area): 3,797,883
16. Cleveland-Akron-Canton, OH (Combined Statistical Area): 3,501,538
17. Denver-Aurora, CO (Combined Statistical Area): 3,277,309
18. San Diego-Carlsbad, CA (Metropolitan Statistical Area): 3,211,252
19. Portland-Vancouver-Salem, OR-WA (Combined Statistical Area): 3,022,178

Per Capita Total Personal Income, 2013:
01. San Jose-San Francisco-Oakland, CA (Combined Statistical Area): $63,194
02. New York-Newark, NY-NJ-CT-PA (Combined Statistical Area): $58,986
03. Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): $57,785
04. Boston-Worcester-Providence, MA-RI-NH-CT (Combined Statistical Area): $56,236
05. Seattle-Tacoma, WA (Combined Statistical Area): $52,825
06. Houston-The Woodlands, TX (Combined Statistical Area): $51,459
07. San Diego-Carlsbad, CA (Metropolitan Statistical Area): $51,384
08. Philadelphia-Reading-Camden, PA-NJ-DE-MD (Combined Statistical Area): $50,754
09. Denver-Aurora, CO (Combined Statistical Area): $50,705
10. Minneapolis-St. Paul, MN-WI (Combined Statistical Area): $50,057
11. Chicago-Naperville, IL-IN-WI (Combined Statistical Area): $48,645
12. Dallas-Fort Worth, TX-OK (Combined Statistical Area): $46,489
13. Miami-Fort Lauderdale-Port St. Lucie, FL (Combined Statistical Area): $45,043
14. Los Angeles-Long Beach, CA (Combined Statistical Area): $44,844
15. Cleveland-Akron-Canton, OH (Combined Statistical Area): $43,321
16. Detroit-Warren-Ann Arbor, MI (Combined Statistical Area): $41,930
17. Portland-Vancouver-Salem, OR-WA (Combined Statistical Area): $41,750
18. Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): $40,452
19. Phoenix-Mesa-Scottsdale, AZ (Metropolitan Statistical Area): $38,745

http://www.bea.gov/iTable/iTable.cfm...029=20&7090=70

All areas are in CSA (combined statistical area) except for Phoenix and San Diego, both of which have no CSA, so their MSA's (metropolitan statistical area) was used instead.
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Old 03-24-2015, 04:27 PM
 
6,840 posts, read 10,878,613 times
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Total Personal Income, 2013:
Los Angeles-Long Beach, CA (Combined Statistical Area): $822.975 Billion
Los Angeles-Long Beach, CA (Metropolitan Statistical Area): $635.891 Billion

Population Set, 2013:
Los Angeles-Long Beach, CA (Combined Statistical Area): 18,351,929
Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area): 13,131,431

Per Capita Total Personal Income, 2013:
Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area): $48,425
Los Angeles-Long Beach, CA (Combined Statistical Area): $44,844

Total Personal Income, 2013:
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): $545.672 Billion
Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area): $365.955 Billion

Population Set, 2013:
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): 9,443,180
Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area): 5,949,859

Per Capita Total Personal Income, 2013:
Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area): $61,507
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA (Combined Statistical Area): $57,785

Total Personal Income, 2013:
Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): $249.270 Billion
Atlanta-Sandy Springs-Roswell, GA (Metropolitan Statistical Area): $228.134 Billion

Population Set, 2013:
Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): 6,162,195
Atlanta-Sandy Springs-Roswell, GA (Metropolitan Statistical Area): 5,522,942

Per Capita Total Personal Income, 2013:
Atlanta-Sandy Springs-Roswell, GA (Metropolitan Statistical Area): $41,307
Atlanta--Athens-Clarke County--Sandy Springs, GA (Combined Statistical Area): $40,452

Look at the per capita income, the addition of the Inland Empire (Riverside-San Bernardino MSA) into Greater Los Angeles CSA negatively affects it's per capita income. The same can be said of Washington, it's MSA's per capita income is at least a league ahead of it's CSA's per capita income. The addition of areas negatively affect both in the CSA, whereas for everywhere else in America the shifts are less pronounced and marginal at best when going from MSA to CSA.

Atlanta's low per capita income for CSA had me wondering whether the area is also immensely negatively affected when it adds in surrounding environments when going from MSA to CSA. However a broader look at it's MSA and CSA per capita income numbers side-by-side with each other shows that the changes are marginal and less drastic, more in line with the rest of the country (the CSA for everywhere becomes "slightly" less productive than each of their respective MSA's). Whereas for Washington DC and Los Angeles, the MSA to CSA change is sort of drastic.

Last edited by Trafalgar Law; 03-24-2015 at 04:42 PM..
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Old 03-24-2015, 05:00 PM
 
Location: The City
22,379 posts, read 38,665,395 times
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Interesting - In some way this is at least as interesting as GDP

I find Cleveland and Detroit to be a sort of pleasant surprise in some ways on this metric (per cap anyway)

Atlanta does sort of under perform as does LA in a sense.

Philly actually does decent as well which may surprise some

To your point of CSA vs MSA - I think same can be said for many; for Philly AC and Reading are much below Philly proper MSA I believe on per cap
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Old 03-24-2015, 05:08 PM
 
Location: The City
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Am also surprised at the per cap disparity of DFW and Houston
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Old 03-24-2015, 05:24 PM
 
6,840 posts, read 10,878,613 times
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Quote:
Originally Posted by kidphilly View Post
Am also surprised at the per cap disparity of DFW and Houston
Dallas is a regular economy, much like Chicago and Atlanta. Logistics like railroad, airport, transporting through super-highways, regional financial center (though Chicago is global here), large tech scene (but not the leader in any tech sector), airline industry, healthcare, manufacturing, educational employment, media, so on. No one industry overpowers the others. In all technicality, like Chicago and Atlanta, Dallas will never be "the" destination for professionals from any one particular industry/field. In this sense these places attract people that are looking for employment but it is vague and not limited to any one particular industry. If you want to be among the best minds in energy, Houston is a must (even in times like now in the downturn).

Houston in contrast is the center of the energy industry and while it's economy has diversified since the 1980's when 85% of it's economy was energy (today at 38%), energy is still the backbone of the region. Often the wages and income in the energy industry both the white collar office work and blue collar petrochemical processing are higher salaries than any other industry in Houston. In addition to "energy" branching into Houston's tech industry as energy tech, Houston's financial industry as energy finance, Houston's legal firms in energy law, so on. Houston after San Francisco Bay Area is the second largest recipient of engineering talent in America. Much of that can be attributed solely to engineering for the energy industry.

These being some of the more noticeable differences between Houston and Dallas.

Dallas in contrast is a regular economy. The wheels that turn Dallas are the same as those that turn Chicago and Atlanta. The difference being that it's corporate tax structure is more favorable than Chicago's and it's a far more productive/lucrative region for employment than Atlanta. Should be noted though, both Chicago and Dallas are more productive than Atlanta which is by all means, the biggest laggard among the biggest cities. Even more so than the much maligned Miami.

Last edited by Trafalgar Law; 03-24-2015 at 05:53 PM..
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Old 03-24-2015, 06:02 PM
 
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Nice figures!
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Old 03-25-2015, 09:03 AM
 
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For the benefit of lazier statisticians such as myself, what is the prime difference between "Total Personal Income" and "Metro GDP"?

(Very nice compilation and discussion, BTW).
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Old 03-25-2015, 10:27 AM
 
Location: The City
22,379 posts, read 38,665,395 times
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Quote:
Originally Posted by The_Hate_Train View Post
For the benefit of lazier statisticians such as myself, what is the prime difference between "Total Personal Income" and "Metro GDP"?

(Very nice compilation and discussion, BTW).
high level difference is GDP is the industrial output for the region which does not directly translate to income to the people in the area - more corporate output. Personal Income is the income generated and received (paid) to the people who live there or the monies that flow to actual residents.

GDP can be impacted by many aspects. For example the price of crude oil can have a more volatile swing on GDP for a place like Houston as one example - as oil rises so does the value of the GDP and when it falls the opposite etc.

Income is more closely aligned to the aggregate of paychecks for the area

Income and GDP can also be determined on a per cap basis for the employed population or a per cap per employee

Total employed estimates by MSA are (~per cap Income per employed in parens)

NYC 9.1 Million (~130K)
LA 5.8 (~110K)
Chicago 4.1 (~110K)
DFW 3.3 (~102K)
DC 3.1 (~118K)
Houston 3.0 (~112K)
Philly 2.8 (~120K)
Boston 2.6 (~127K)
Atlanta 2.5 (~99K)
Miami 2.5 (~100K)

Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted

when I did the top employed cities I was personally surprised to see the per cap personal income per employee for Philly actually exceeded DC slightly (this for MSA and number employed)
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Old 03-25-2015, 10:35 AM
 
Location: The Greatest city on Earth: City of Atlanta Proper
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Here's the thing in Atlanta: Everything is cheap here, at all levels. A $40k goes about the same distance as an $80k salary elsewhere.
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Old 03-25-2015, 10:38 AM
 
Location: The City
22,379 posts, read 38,665,395 times
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I did not do the CSAs

SF as the MSA is ~ 2.2 employed and ~ 145K per employee

stopped one prior and thought the question might come up

also took a peak at Seattle and look slike 1.9 employed and ~112K per employee
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