Expenditures: Total Average Annual Expenditures by Region: Residence in the Midwest Census Region
CXUTOTALEXPLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,575.00
Year-over-Year Change
53.79%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the total average annual expenditures by households residing in the Midwest Census region of the United States. It provides valuable insights into consumer spending patterns in this geographic area.
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 Expenditures: Total Average Annual Expenditures by Region: Residence in the Midwest Census Region data series tracks the aggregate annual spending of households located in the Midwest region, which includes 12 states. This metric is closely watched by economists and policymakers to gauge regional consumer demand and economic activity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional expenditure trend is used to inform economic policy decisions and market analysis.
Key Facts
- The Midwest region accounts for about 21% of total U.S. population.
- Average annual expenditures in the Midwest were $59,646 in 2021.
- Housing and transportation are the largest spending categories for Midwest households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total average annual expenditures by households residing in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and economic activity in the Midwest region, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This regional expenditure trend is used to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions.
Related Trends
Layoffs and Discharges: Total Nonfarm in Midwest Census Region
JTU00MWLDR
New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Midwest Census Region
COMPDTA1FMWQ
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Midwest Census Region
HOUSTPFST1FMWQ
Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Region: Residence in the Midwest Census Region
CXUWHTNDOTHLB1103M
New Privately Owned Housing Starts Total One-Family Units in the Midwest Census Region
HOUST1FMWQ
New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Single-Family Units in the Midwest Census Region
PERMITMW1
Citation
U.S. Federal Reserve, Expenditures: Total Average Annual Expenditures by Region: Residence in the Midwest Census Region (CXUTOTALEXPLB1103M), retrieved from FRED.