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Show Money Income of Households Utah's population is unique in that it is characterized by large, young families. Larger household size and a younger population lower per capita income because children, who do not contribute to income, are included in the calculations. For this reason, money income of households (the total number of all incomes of all family members) may be a better comparative measure of income status in Utah than per capita income. By this measure, Utah compares favorably to the U.S. and well above the Mountain States region. Table 10 Source: 1984-1995: United States Bureau of the Census (1995). Statistical Abstracts of the United States 1995 (115th ed). Washington D.C.: U.S. Government Printing Office, p.473. Figure 9 Table 10. Money Income of Households1' Year Utah Mountain U.S. Utah as % States ofU.S. 1985 $35,746 $32,589 $33,452 106.9 1988 33,898 31,939 35,073 96.6 1989 37,752 33,166 35,526 106.3 1990 35,146 32,838 34,914 100.7 1991 31,348 32,131 33,709 93 1992 37,205 32,356 33,278 111.8 1993 37,742 32,995 32,949 114.5 1994 36,728 33,411 33,178 110.7 1995 36,480 32,761 34,076 107.1 *Median income by state is in constant (1995) dollars. Figures for the mountain region were calculated by averaging the median income figures of those states. Money Income of Households, 1984-1995 Money Income in Dollars $40,000 $30,000 $20,000 $10,000 $0 in mm 11 both 1985 1988 1989 1990 1991 1992 1993 1994 1995 ? Utah ? Mountain States BU.S. Cost of Living Table 11. SLC Cost of Living Index As a Percent of U.S. Index* All Items Health Care Year (100%)** (5%)** 1981 100.1 100.9 1982 100.9 100.6 1983 96.0 98.6 1984 98.0 106.8 1985 101.7 103.2 1986 101.4 105.3 1987 99.3 101.6 1988 98.3 106.1 1989 95.6 100.9 1990 92.0 93.7 1991 93.8 93.3 1992 96.9 101.1 1993 96.8 99.6 1994 97.5 108.6 1995 99.6 109.0 1996 96.9 106.9 The Cost of Living Index measures differences in costs of consumer goods and services in six categories: grocery items, housing, utilities, transportation, health care, and miscellaneous goods and services. Values above 100 indicate that costs are higher than the U.S. average, while values below 100 represent costs lower than the U.S. average. This Cost of Living Index is calculated only for participating communities. While the cost of living for all items is below the U.S. average, the cost for health care is above the average, except for 1990, 1991, and 1993, but especially for 1994, 1995, and 1996. *Salt Lake City Metropolitan Area Averages (compared tol00% average of U.S.) Data from the American Chamber of Commerce Researchers Association (ACCRA). •• Percent of total index. Table 11. Sources: 1981-1994: Utah State Economic Coordinating Committee (1995). Economic Report to the Governor .1995. Salt Lake City. p. 90. 1995: United States Bureau of the Census (1995). Statistical Abstracts of the United States 1995 (115th ed). Washington D.C.: U.S. Government Printing Office, p.473. 75 |
