Real Median Family Income in South Census Region
This dataset tracks real median family income in south census region over time.
Latest Value
91290.00
Year-over-Year Change
22.21%
Date Range
1/1/1953 - 1/1/2023
Summary
Tracks median family income in the U.S. South Census Region. Provides crucial economic health indicators for a significant geographic area.
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
Measures the inflation-adjusted median income for families in the Southern United States, reflecting regional economic performance.
Methodology
Calculated using Census Bureau survey data, adjusted for inflation.
Historical Context
Used by economists and policymakers to assess regional economic conditions and living standards.
Key Facts
- Reflects Southern region's economic health
- Adjusted for inflation for accurate comparison
- Important for understanding regional economic trends
FAQs
Q: What regions are included in the South Census Region?
A: Includes states like Texas, Florida, Georgia, North Carolina, and other Southeastern and Southwestern states.
Q: How is median family income calculated?
A: Uses Census Bureau survey data, calculating the midpoint of family incomes after adjusting for inflation.
Q: Why track regional income levels?
A: Helps understand economic disparities and development patterns across different U.S. regions.
Q: How often is this data updated?
A: Typically updated annually by the U.S. Census Bureau.
Q: What factors influence regional income levels?
A: Includes job markets, industry presence, education levels, and local economic policies.
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Citation
U.S. Federal Reserve, Real Median Family Income in South Census Region (MEFAINUSSOA672N), retrieved from FRED.