The per capita income will increase by 21.7% by the year 2005
and will continue to increase, while the mean household income
is in an upward increase to 23.6% for the year 2005. The total
earnings for the MSA will also increase by 10.5% by the year
2005.
For the purposes of this study, employees’ earnings are defined
as the sum of wages and salaries, other labor income and proprietors’
income. Mean household income is defined as total personal income
less estimated income of group quarters population divided by
the number of households. Per Capita income is computed by dividing
the personal income of an area by its population. Personal income
is the sum of a resident’s net earnings, transfer payments,
dividends, interest and rent in thousands of current dollars.

