Real Mean Personal Income in Northeast Census Region
This dataset tracks real mean personal income in northeast census region over time.
Latest Value
68320.00
Year-over-Year Change
22.26%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks average inflation-adjusted personal income for households in the Northeastern United States. Provides critical insight into regional economic well-being and purchasing power.
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 adjusted personal income across households in the Northeast Census Region. Helps economists understand regional economic performance and income trends.
Methodology
Calculated by Bureau of Economic Analysis using survey and income tax data.
Historical Context
Used by policymakers to assess regional economic health and income distribution.
Key Facts
- Adjusts for inflation to show real income changes
- Covers entire Northeastern United States
- Reflects household economic purchasing power
FAQs
Q: What does real mean personal income measure?
A: Inflation-adjusted average income for households in the Northeast region. Shows actual purchasing power over time.
Q: How often is this data updated?
A: Typically updated quarterly by the Bureau of Economic Analysis.
Q: Why is regional income data important?
A: Helps understand economic variations across different U.S. geographic areas.
Q: How does inflation impact this measure?
A: Real income removes inflation effects to show true economic purchasing power.
Q: Can this data predict economic trends?
A: Provides insights into regional economic health and potential future economic performance.
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Citation
U.S. Federal Reserve, Real Mean Personal Income in Northeast Census Region (MAPAINUSNEA672N), retrieved from FRED.