Mean Personal Income in Northeast Census Region
This dataset tracks mean personal income in northeast census region over time.
Latest Value
68320.00
Year-over-Year Change
60.60%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks average personal income levels in the Northeast Census Region. Provides critical economic insights into regional economic performance and household earnings.
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
Measures the mean personal income for individuals in the Northeastern United States. Reflects economic conditions and standard of living in the region.
Methodology
Calculated through comprehensive income surveys and economic data collection methods.
Historical Context
Used by policymakers and economists to assess regional economic health and income trends.
Key Facts
- Represents average personal income in Northeastern states
- Helps compare economic performance across regions
- Indicates regional economic health and opportunities
FAQs
Q: What regions are included in the Northeast Census Region?
A: Includes states like New York, Massachusetts, Pennsylvania, and other Northeastern states.
Q: How is personal income calculated?
A: Includes wages, salaries, investments, and other income sources for individuals in the region.
Q: Why is regional income data important?
A: Helps understand economic disparities and regional economic performance across the United States.
Q: How frequently is this data updated?
A: Typically updated quarterly or annually by government economic agencies.
Q: What factors influence regional personal income?
A: Includes local job markets, industry presence, education levels, and economic policies.
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Citation
U.S. Federal Reserve, Mean Personal Income in Northeast Census Region (MAPAINUSNEA646N), retrieved from FRED.