Median Adjusted Gross Income for Oregon
MEDAGIOR41A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,500.00
Year-over-Year Change
57.41%
Date Range
1/1/1989 - 1/1/2022
Summary
The Median Adjusted Gross Income for Oregon measures the midpoint of taxable income reported by Oregon residents. This metric is crucial for understanding income distribution and the overall economic well-being of the state.
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 Adjusted Gross Income for Oregon represents the middle value of all adjusted gross incomes reported on tax returns filed by Oregon residents. It provides a more representative measure of typical income levels compared to average income, which can be skewed by outliers.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on individual tax return filings.
Historical Context
Policymakers and economists use this metric to gauge the financial state of Oregon households and inform decisions around taxation, social programs, and economic development initiatives.
Key Facts
- Oregon's median adjusted gross income was $54,149 in 2020.
- Median income in Oregon has increased by 18% over the past decade.
- Incomes vary significantly by region within Oregon.
FAQs
Q: What does this economic trend measure?
A: The Median Adjusted Gross Income for Oregon measures the midpoint of taxable income reported by residents of the state. It provides a representative statistic on typical household income levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding income distribution and the overall economic well-being of Oregon. It informs policy decisions around taxation, social programs, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on individual tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the financial state of Oregon households and inform decisions around taxation, social programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately 18 months, so the most recent year available may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Median Adjusted Gross Income for Oregon (MEDAGIOR41A052NCEN), retrieved from FRED.