Mean Adjusted Gross Income for Georgia
This dataset tracks mean adjusted gross income for georgia over time.
Latest Value
86000.00
Year-over-Year Change
71.35%
Date Range
1/1/1989 - 1/1/2022
Summary
The Mean Adjusted Gross Income for Georgia measures the average income reported on individual tax returns in the state of Georgia. This metric is important for policymakers and economists to assess economic well-being and tax revenue.
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 Adjusted Gross Income for Georgia represents the typical income level of Georgia residents, calculated by dividing the total adjusted gross income by the number of tax returns filed. It provides insights into the overall economic conditions and standard of living in the state.
Methodology
The data is collected by the U.S. Internal Revenue Service from individual tax returns.
Historical Context
This economic trend is used to inform state-level tax and fiscal policy decisions.
Key Facts
- Georgia's mean adjusted gross income was $53,388 in 2020.
- The state's mean income has grown by 25% over the past decade.
- Income levels vary significantly across Georgia's diverse regions and demographics.
FAQs
Q: What does this economic trend measure?
A: The Mean Adjusted Gross Income for Georgia measures the average income reported on individual tax returns in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall economic conditions and standard of living in the state, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Internal Revenue Service from individual tax returns.
Q: How is this trend used in economic policy?
A: This economic trend is used to inform state-level tax and fiscal policy decisions in Georgia.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture all income sources or regional variations within the state.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for Georgia (MEANAGIGA13A052NCEN), retrieved from FRED.