Mean Adjusted Gross Income for District of Columbia
MEANAGIDC11A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,000.00
Year-over-Year Change
76.56%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the average adjusted gross income (AGI) for tax filers in the District of Columbia. It provides insights into the overall income level and distribution within 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
The mean AGI for the District of Columbia is a key metric used by economists and policymakers to assess the economic well-being and income profile of residents. It is an important indicator of the area's standard of living and economic vitality.
Methodology
The data is collected annually by the U.S. Internal Revenue Service (IRS) through individual income tax returns.
Historical Context
This trend is used to inform tax, economic, and social policies targeting the District of Columbia.
Key Facts
- The mean AGI for D.C. was $106,784 in 2020.
- AGI levels in D.C. are over 70% higher than the national average.
- The District has experienced steady income growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average adjusted gross income (AGI) for tax filers in the District of Columbia. It provides insights into the overall income level and distribution within the region.
Q: Why is this trend relevant for users or analysts?
A: The mean AGI for D.C. is a key metric used by economists and policymakers to assess the economic well-being and income profile of residents. It is an important indicator of the area's standard of living and economic vitality.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Internal Revenue Service (IRS) through individual income tax returns.
Q: How is this trend used in economic policy?
A: This trend is used to inform tax, economic, and social policies targeting the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released annually by the IRS, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for District of Columbia (MEANAGIDC11A052NCEN), retrieved from FRED.