Median Family Income in South Census Region
This dataset tracks median family income in south census region over time.
Latest Value
91290.00
Year-over-Year Change
60.52%
Date Range
1/1/1953 - 1/1/2023
Summary
Tracks the median income for families in the Southern United States. Provides critical insight into regional economic health and household financial well-being.
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
Represents the midpoint of family income distribution in the South Census Region. Helps economists understand regional economic disparities and living standards.
Methodology
Calculated using survey data from U.S. Census Bureau household income reports.
Historical Context
Used by policymakers to assess economic conditions and target regional economic development.
Key Facts
- Reflects economic conditions in Southern U.S. states
- Median represents the middle point of income distribution
- Helps track regional economic trends
FAQs
Q: What does median family income indicate?
A: Represents the midpoint of family earnings in the Southern U.S. Helps understand typical household economic conditions.
Q: How often is this data updated?
A: Typically updated annually by the U.S. Census Bureau. Provides current economic snapshot of the region.
Q: Why is regional income data important?
A: Reveals economic disparities and helps target economic development and policy interventions.
Q: How does this compare to national averages?
A: Allows comparison of Southern region income levels with national median family income trends.
Q: What factors influence this metric?
A: Includes employment rates, industry composition, and local economic conditions in Southern states.
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Citation
U.S. Federal Reserve, Median Family Income in South Census Region (MEFAINUSSOA646N), retrieved from FRED.