Median Household Income in District of Columbia
MEHOINUSDCA646N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111,000.00
Year-over-Year Change
100.90%
Date Range
1/1/1984 - 1/1/2023
Summary
The Median Household Income in District of Columbia measures the midpoint of the income distribution for households in the District of Columbia. This metric provides insight into the economic well-being and purchasing power of DC residents.
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
Median Household Income is a key economic indicator used to assess the financial status of typical households in a given geographic area. It represents the income level at which half of households have higher incomes and half have lower incomes.
Methodology
The U.S. Census Bureau collects this data through the annual American Community Survey.
Historical Context
Median Household Income is a valuable data point for policymakers, businesses, and economists to understand trends in consumer demand and the overall economic climate.
Key Facts
- The median household income in DC was $82,372 in 2019.
- Household incomes in DC are significantly higher than the national median.
- Income inequality remains a persistent challenge in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: The Median Household Income in District of Columbia measures the midpoint of the income distribution for households in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Median Household Income is a key indicator of the financial status and purchasing power of typical households, providing valuable insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through the annual American Community Survey.
Q: How is this trend used in economic policy?
A: Median Household Income data is used by policymakers, businesses, and economists to understand trends in consumer demand and the overall economic climate.
Q: Are there update delays or limitations?
A: The Median Household Income data for the District of Columbia is typically updated on an annual basis with a slight delay.
Related Trends
Covered Employment in the District of Columbia
DCCEMPLOY
Real Estate, Rental and Leasing Wages and Salaries in District of Columbia
DCWREA
Implicit Regional Price Deflator: Metropolitan Portion for District of Columbia
DCMPIRPD
All Employees: Education and Health Services: Hospitals in District of Columbia
SMU11000006562200001SA
Business Applications from Corporations for District of Columbia
CBUSAPPWNSADC
Number of Nonmember Commercial Banks in the District of Columbia
X08CBNMBTDC
Citation
U.S. Federal Reserve, Median Household Income in District of Columbia (MEHOINUSDCA646N), retrieved from FRED.