Mean Adjusted Gross Income for Arizona
MEANAGIAZ4A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,500.00
Year-over-Year Change
67.64%
Date Range
1/1/1989 - 1/1/2022
Summary
The Mean Adjusted Gross Income for Arizona (AGI) metric measures the average income reported on individual tax returns in the state. This statistic is useful for policymakers and economists to analyze trends in personal income and assess the economic conditions in Arizona.
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
The Mean AGI for Arizona represents the average income declared on tax returns by residents of the state. It is a key indicator of overall economic well-being and spending power within the Arizona population. Analysts use this data to track changes in personal income and make inferences about the broader state economy.
Methodology
The data is calculated annually by the U.S. Internal Revenue Service based on individual tax return filings.
Historical Context
The Mean AGI for Arizona is used by government agencies, think tanks, and private sector analysts to inform policy decisions and investment strategies.
Key Facts
- The Mean AGI for Arizona in 2021 was $57,425.
- Arizona's Mean AGI has grown by 25% over the past 10 years.
- The state's Mean AGI is 3% below the national average.
FAQs
Q: What does this economic trend measure?
A: The Mean Adjusted Gross Income (AGI) for Arizona measures the average income reported on individual tax returns filed by Arizona residents.
Q: Why is this trend relevant for users or analysts?
A: The Mean AGI for Arizona is a key indicator of the overall economic conditions and personal income levels within the state, providing valuable insights for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated annually by the U.S. Internal Revenue Service based on individual tax return filings in Arizona.
Q: How is this trend used in economic policy?
A: The Mean AGI for Arizona is used by government agencies, think tanks, and private sector analysts to inform policy decisions, economic forecasting, and investment strategies.
Q: Are there update delays or limitations?
A: The Mean AGI for Arizona data is published annually, with a typical 12-month delay from the end of the tax year.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for Arizona (MEANAGIAZ4A052NCEN), retrieved from FRED.