Real Median Household Income in the District of Columbia
MEHOINUSDCA672N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111,000.00
Year-over-Year Change
52.96%
Date Range
1/1/1984 - 1/1/2023
Summary
The Real Median Household Income in the District of Columbia measures the inflation-adjusted median income for households in the nation's capital. This important economic indicator provides insights into the financial 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
Real median household income is a key metric used by economists and policymakers to assess the economic conditions and standard of living in a given region. It represents the midpoint of the income distribution, offering a more holistic view than average income alone.
Methodology
The data is collected through the U.S. Census Bureau's annual household surveys.
Historical Context
Trends in real median household income help inform decisions around economic and social policies in the District of Columbia.
Key Facts
- The real median household income in DC was $86,420 in 2021.
- Incomes in DC are typically higher than the national average.
- Household incomes in the District have grown by over 30% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Real Median Household Income in the District of Columbia measures the middle point of the income distribution for households in the nation's capital, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the financial well-being and purchasing power of DC residents, helping to inform economic and social policies in the region.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual household surveys.
Q: How is this trend used in economic policy?
A: Trends in real median household income help policymakers and analysts assess the economic conditions and standard of living in the District of Columbia, informing decisions around economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, typically 1-2 years after the reference year.
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Citation
U.S. Federal Reserve, Real Median Household Income in the District of Columbia (MEHOINUSDCA672N), retrieved from FRED.