Regional Price Parities: Services: Housing: Metropolitan Portion for Delaware
DEMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.94
Year-over-Year Change
0.78%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Delaware measures differences in housing costs across U.S. metropolitan areas. This key indicator helps economists and policymakers understand regional cost-of-living variations.
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 an index that compares housing costs in Delaware's metropolitan areas to the national average. It is a crucial input for adjusting economic data like personal income and poverty thresholds to account for geographic price differences.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a survey of housing rents and costs.
Historical Context
Policymakers use this metric to guide decisions on federal program eligibility, cost-of-living adjustments, and economic development strategies.
Key Facts
- Delaware housing costs are 97.5% of the national average.
- Prices vary significantly within Delaware, from 92% in Sussex County to 100% in New Castle County.
- This index is updated annually by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This series provides an index that compares housing costs in Delaware's metropolitan areas to the national average. It is a crucial input for adjusting economic data to account for geographic price differences.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand regional cost-of-living variations, which is crucial for informing decisions on federal program eligibility, cost-of-living adjustments, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a survey of housing rents and costs.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to guide decisions on federal program eligibility, cost-of-living adjustments, and economic development strategies.
Q: Are there update delays or limitations?
A: This index is updated annually by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Delaware (DEMPRPPSERVERENT), retrieved from FRED.