Median Household Income in Nebraska
MEHOINUSNEA646N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,190.00
Year-over-Year Change
60.36%
Date Range
1/1/1984 - 1/1/2023
Summary
The Median Household Income in Nebraska measure tracks the midpoint of income distribution for Nebraska households. It provides valuable insights into the economic well-being and purchasing power of Nebraska 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
The Median Household Income in Nebraska is a key economic indicator that represents the middle point of income levels for all households in the state. It is widely used by economists, policymakers, and researchers to assess the standard of living and financial health of Nebraska's population.
Methodology
This data is collected by the U.S. Census Bureau through its annual surveys.
Historical Context
The Median Household Income in Nebraska is an important metric for evaluating the effectiveness of economic and social policies in the state.
Key Facts
- Nebraska's median household income was $65,474 in 2021.
- Median income in Nebraska is higher than the national average.
- Incomes vary significantly across different regions of Nebraska.
FAQs
Q: What does this economic trend measure?
A: The Median Household Income in Nebraska measure tracks the midpoint of income distribution for all households in the state.
Q: Why is this trend relevant for users or analysts?
A: The median household income is a key indicator of the economic well-being and purchasing power of Nebraska's population, making it relevant for policymakers, economists, and researchers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its annual surveys.
Q: How is this trend used in economic policy?
A: The Median Household Income in Nebraska is used by policymakers and economists to evaluate the effectiveness of economic and social policies in the state.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Median Household Income in Nebraska (MEHOINUSNEA646N), retrieved from FRED.