Regional Price Parities: Services: Housing for Arkansas
ARRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.67
Year-over-Year Change
-7.12%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Arkansas tracks the relative cost of housing services in Arkansas compared to the national average.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This statistic measures the difference in housing costs within Arkansas relative to the overall U.S. price level. It is used by economists and policymakers to analyze regional cost-of-living variations and inform decisions around public assistance, tax policy, and economic development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of underlying data sources.
Historical Context
This metric provides important context for interpreting other economic indicators and implementing effective economic policies at the state and local level.
Key Facts
- Arkansas housing costs are approximately 85% of the national average.
- Housing services account for a significant portion of overall consumer spending.
- Regional price differences can impact economic competitiveness and policy priorities.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the relative cost of housing services in Arkansas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into regional cost-of-living variations that inform economic policy and business decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of underlying data sources.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze regional cost-of-living differences and inform decisions around public assistance, tax policy, and economic development.
Q: Are there update delays or limitations?
A: The data is updated annually and may not reflect the most recent changes in housing costs.
Related Trends
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ARNATRESMINRGSP
Unemployed: Job Losers for Arkansas
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Gross Domestic Product: State and Local in Arkansas
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Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Arkansas
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Imports of Goods for Arkansas
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Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arkansas
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Arkansas (ARRPPSERVERENT), retrieved from FRED.