Regional Price Parities: Services: Housing: Metropolitan Portion for Arizona
AZMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.09
Year-over-Year Change
15.91%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Arizona measures geographic differences in the cost of housing services within the state. This data is important for understanding regional variations in the cost of living.
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 series provides a measure of how housing costs in Arizona's metropolitan areas compare to the national average. It is used by economists, policymakers, and businesses to analyze regional disparities and inform decisions around cost-of-living adjustments, program targeting, and investments.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a combination of rental, home price, and other housing-related data.
Historical Context
This metric is relevant for understanding differences in the cost of living across Arizona, which can inform economic and social policies.
Key Facts
- Arizona's metropolitan housing costs are 91.3% of the national average.
- Housing costs can vary significantly between Arizona's metro and non-metro areas.
- This data helps inform policies related to cost-of-living adjustments and program targeting.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative cost of housing services in Arizona's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional variations in the cost of living, which can inform economic and social policies, as well as business decisions around cost-of-living adjustments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a combination of rental, home price, and other housing-related data.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding differences in the cost of living across Arizona, which can inform policies related to cost-of-living adjustments and program targeting.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months. The geographic scope is limited to metropolitan areas within Arizona.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Arizona (AZMPRPPSERVERENT), retrieved from FRED.