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| Trenton Apartment Locator Services : Trenton Apartments |  | Contents | |
| Economy |
| Mercer is one of 21 counties in New Jersey. It
is part of the Trenton-Ewing, NJ (MSA). Its 2001 population
of 354,730 ranked 12th in the state. |
PER CAPITA PERSONAL INCOME
In 2001 Mercer had a per capita personal income (PCPI) of $40,428.
This PCPI ranked 6th in the state and was 103 percent of the
state average, $39,142, and 132 percent of the national average,
$30,575. The 2001 PCPI reflected an increase of 2.5 percent
from 2000. The 2000-2001 state change was 2.0 percent and the
national change was 2.4 percent. In 1991 the PCPI of Mercer
was $26,365 and ranked 5th in the state. The 1991-2001 average
annual growth rate of PCPI was 4.4 percent. The average annual
growth rate for the state was 4.6 percent and for the nation
was 4.4 percent.
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TOTAL PERSONAL INCOME
In 2001 Mercer had a total personal income (TPI) of $14,341,024.
This TPI ranked 13th in the state and accounted for 4.3 percent
of the state total. In 1991 the TPI of Mercer was $8,666,018
and ranked 12th in the state. The 2001 TPI reflected an increase
of 3.4 percent from 2000. The 2000-2001 state change was 2.9
percent and the national change was 3.5 percent. The 1991-2001
average annual growth rate of TPI was 5.2 percent. The average
annual growth rate for the state was 5.5 percent and for the
nation was 5.6 percent.
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COMPONENTS OF TOTAL PERSONAL INCOME
Total personal income includes net earnings by place of residence;
dividends, interest, and rent; and personal current transfer
receipts received by the residents of Mercer. In 2001 net earnings
accounted for 69.3 percent of TPI (compared with 68.0 in 1991);
dividends, interest, and rent were 18.8 percent (compared with
20.7 in 1991); and personal current transfer receipts were 11.9
percent (compared with 11.3 in 1991). From 2000 to 2001 net
earnings increased 2.7 percent; dividends, interest, and rent
increased 1.6 percent; and personal current transfer receipts
increased 10.7 percent. From 1991 to 2001 net earnings increased
on average 5.4 percent each year; dividends, interest, and rent
increased on average 4.2 percent; and personal current transfer
receipts increased on average 5.7 percent.
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EARNINGS BY PLACE OF WORK
Earnings of persons employed in Mercer increased from $11,936,195
in 2000 to $12,605,716 in 2001, an increase of 5.6 percent.
The 2000-2001 state change was 2.1 percent and the national
change was 3.1 percent. The average annual growth rate from
the 1991 estimate of $7,693,766 to the 2001 estimate was 5.1
percent. The average annual growth rate for the state was 5.4
percent and for the nation was 5.8 percent.
Note: All income estimates with the exception of PCPI are
in thousands of dollars, not adjusted for inflation.
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