Income After Taxes: Income After Taxes by Region: Residence in the Northeast Census Region
CXUINCAFTTXLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,450.00
Year-over-Year Change
43.44%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures income after taxes for individuals residing in the Northeast Census Region of the United States. It is a key indicator for understanding regional economic well-being and consumer spending patterns.
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
The Income After Taxes by Region: Residence in the Northeast Census Region series tracks disposable personal income for households in the Northeast, which encompasses Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. This metric is widely used by economists and policymakers to assess regional economic conditions and household purchasing power.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household survey information.
Historical Context
This regional income trend provides important context for analyzing consumer demand, tax policies, and local economic performance.
Key Facts
- Residents in the Northeast have the highest average disposable income of any U.S. region.
- Income after taxes in the Northeast has grown steadily over the past decade.
- Regional income data helps policymakers understand geographic differences in economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures disposable personal income, or income after taxes, for individuals residing in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This regional income data is important for understanding patterns of consumer spending, assessing economic conditions, and informing policy decisions that impact household finances.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household survey information.
Q: How is this trend used in economic policy?
A: Regional income data like this is used by economists, policymakers, and market analysts to evaluate consumer demand, the impacts of tax policies, and overall economic performance at the local and regional level.
Q: Are there update delays or limitations?
A: This series is updated monthly by the Federal Reserve, with a typical 2-month delay in the latest data release.
Related Trends
New Privately Owned Housing Completions Median Square Feet of Floor Area for Two or More Units in the Northeast Census Region
COMPSFLAM2UMNEQ
Expenditures: Fresh Fruits by Region: Residence in the Northeast Census Region
CXUFRSHFRUTLB1102M
Median Sales Price of Houses Sold for the Northeast Census Region
MSPNE
Housing Inventory Estimate: Owner Occupied Housing Units in the Northeast Census Region
EOWNOCCNEQ176N
Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region
IPUZNT050981000
Expenditures: Laundry and Cleaning Supplies by Region: Residence in the Northeast Census Region
CXULAUNDRYLB1102M
Citation
U.S. Federal Reserve, Income After Taxes: Income After Taxes by Region: Residence in the Northeast Census Region (CXUINCAFTTXLB1102M), retrieved from FRED.