Regional Price Parities: Services: Housing for District of Columbia
DCRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.54
Year-over-Year Change
-11.07%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for District of Columbia measures cost-of-living differences in housing services across U.S. metropolitan areas, providing crucial data for economic analysis and policy decisions.
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 metric represents regional price levels for rental housing in the District of Columbia compared to the national average. It is an important indicator of geographic variations in the cost of living, which informs decisions around wages, benefits, and investments.
Methodology
The data is collected through surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and employers use this data to understand relative price levels and make informed choices about economic programs and compensation.
Key Facts
- The District of Columbia's housing services price level was 134.3% of the national average in 2021.
- Regional price parities are calculated relative to the U.S. overall, which is set to 100.
- Housing services account for a significant portion of the typical household budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the regional price level for housing services in the District of Columbia compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding geographic differences in the cost of living, which informs decisions around wages, benefits, and economic investments.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and employers use this data to make informed choices about economic programs and compensation based on regional price levels.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term price fluctuations.
Related Trends
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DCMINNQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for District of Columbia
DCPCEODURG
Real Gross Domestic Product: Construction (23) in the District of Columbia
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Exports of Goods for District of Columbia
EXPTOTDC
Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for the District of Columbia
U2UNEM2DC
Transportation Carbon Dioxide Emissions, Residential for District of Columbia
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for District of Columbia (DCRPPSERVERENT), retrieved from FRED.