Mean Personal Income in South Census Region
MAPAINUSSOA646N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,910.00
Year-over-Year Change
55.77%
Date Range
1/1/1974 - 1/1/2023
Summary
The Mean Personal Income in South Census Region measures the average personal income for individuals living in the southern states of the United States. This statistic is a key indicator of economic well-being and purchasing power in the region.
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 data series tracks the mean, or average, personal income for residents of the South Census Region, which includes Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia. It provides insight into the overall income levels and distribution within this important geographic area.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess regional economic conditions and inform decisions around taxation, spending, and social programs.
Key Facts
- The South Census Region accounts for over a third of the U.S. population.
- Mean personal income in the South has historically lagged behind the national average.
- Income growth in the South has accelerated in recent years.
FAQs
Q: What does this economic trend measure?
A: The Mean Personal Income in South Census Region measures the average personal income for individuals living in the southern states of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall economic well-being and purchasing power of residents in the South Census Region, which is a key geographic area for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess regional economic conditions and inform decisions around taxation, spending, and social programs.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of U.S. Census Bureau survey information.
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Household Count in the 90th to 99th Wealth Percentiles
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Equity In Noncorporate Business Held by the 99th to 99.9th Wealth Percentiles
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Mortgages Held by the 90th to 99th Wealth Percentiles
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Financial Assets Held by the Top 1% (99th to 100th Wealth Percentiles)
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Citation
U.S. Federal Reserve, Mean Personal Income in South Census Region (MAPAINUSSOA646N), retrieved from FRED.