Median Adjusted Gross Income for New Hampshire
MEDAGINH33A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,500.00
Year-over-Year Change
50.93%
Date Range
1/1/1989 - 1/1/2022
Summary
The Median Adjusted Gross Income (AGI) for New Hampshire measures the midpoint of reported taxable income for residents of the state. This key economic indicator provides insight into the financial well-being and purchasing power of New Hampshire households.
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 Median AGI for New Hampshire represents the middle value of all adjusted gross incomes reported on federal tax returns from state residents. It is a useful metric for evaluating income trends and comparing economic conditions across regions.
Methodology
This data is collected annually by the Internal Revenue Service (IRS) based on tax return filings.
Historical Context
Policymakers and analysts use this metric to assess the overall economic health and standard of living in New Hampshire.
Key Facts
- New Hampshire has one of the highest median AGIs in the United States.
- The Median AGI for New Hampshire has grown steadily over the past decade.
- Income levels vary significantly across different regions and demographics within New Hampshire.
FAQs
Q: What does this economic trend measure?
A: The Median Adjusted Gross Income (AGI) for New Hampshire measures the midpoint of reported taxable income for residents of the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall financial well-being and purchasing power of New Hampshire households, which is crucial for evaluating economic conditions and trends in the state.
Q: How is this data collected or calculated?
A: The data is collected annually by the Internal Revenue Service (IRS) based on tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Median AGI for New Hampshire to assess the overall economic health and standard of living in the state, informing decisions on taxation, spending, and economic development initiatives.
Q: Are there update delays or limitations?
A: The Median AGI data for New Hampshire is published with a slight delay, as it relies on the completion of the annual tax filing process.
Related Trends
Individual Income Tax Filing: Tax Payments: Estimated Tax Payments
TXPMTEST
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Georgia
QTAXT19QTAXCAT3GANO
State Tax Collections: Total Taxes for District of Columbia
QTAXTOTALQTAXCAT3DCNO
State Tax Collections: T21 Amusements License for Texas
QTAXT21QTAXCAT3TXNO
State Tax Collections: T53 Severance Taxes for Maryland
QTAXT53QTAXCAT3MDNO
Poverty Tax Exemptions Under Age 65 for California
PLT65EXMCA6A647NCEN
Citation
U.S. Federal Reserve, Median Adjusted Gross Income for New Hampshire (MEDAGINH33A052NCEN), retrieved from FRED.