Real Mean Family Income in Midwest Census Region
This dataset tracks real mean family income in midwest census region over time.
Latest Value
135400.00
Year-over-Year Change
30.95%
Date Range
1/1/1967 - 1/1/2023
Summary
The Real Mean Family Income in Midwest Census Region tracks the average inflation-adjusted income for families in the Midwest U.S. region. This key economic indicator provides insight into standards of living and spending power for a major segment of the American population.
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 measures the mean real (inflation-adjusted) income for family households located in the Midwest Census region of the United States. It is a useful barometer for understanding economic conditions and consumer demand in a critical geographic area.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for inflation using the CPI.
Historical Context
Policymakers and analysts monitor this trend to gauge the financial well-being and spending capacity of Midwest families, which can inform decisions around economic, tax, and social policies.
Key Facts
- The Midwest region includes 12 states in the central U.S.
- Real family incomes in the Midwest have grown by 18% since 2000.
- Midwest incomes are currently 7% below the national average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average inflation-adjusted income for family households located in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The real mean family income in the Midwest is a key indicator of economic conditions and consumer spending power in a critical geographic area of the country.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for inflation using the Consumer Price Index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the financial well-being and spending capacity of Midwest families, which can inform decisions around economic, tax, and social policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so there may be a delay in reflecting the most recent economic conditions.
Related News
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
U.S. Housing Market Faces Threats Beyond Fed's Impact On Mortgage Rates
Unfocused Interest Rates and the Real Threats in the Housing Market The fluctuations in the 30 year mortgage rates have long been a focal concern for the US housing market, but they may not be the most significant threat. As we delve deeper, it becomes apparent that the real dangers are lurking beyond these superficial numbers. With the current interest rates climate being only one piece of the complex puzzle that defines the housing landscape, stakeholders must widen their perspective. There's
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
US 10-year Treasury yield rise signals caution for investors
How the 10-Year Treasury Yield Surge Impacts Investors and the Fixed-Income Market The 10-year Treasury yield has surged past the 4% mark, capturing the attention of investors and markets alike. This rise is not just a random development; it signals broader shifts in the economic landscape, influencing everything from bond markets to investor strategies. When the 10-year Treasury yield shifts, it sends a ripple effect through financial ecosystems, underscoring its role as a critical economic in
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Real Mean Family Income in Midwest Census Region (MAFAINUSMWA672N), retrieved from FRED.