Median Household Income in Oregon
MEHOINUSORA646N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,740.00
Year-over-Year Change
72.21%
Date Range
1/1/1984 - 1/1/2023
Summary
The Median Household Income in Oregon tracks the inflation-adjusted midpoint of household incomes in the state. It is a key economic indicator used to assess the financial well-being of Oregon 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 represents the middle income level where half of households earn more and half earn less. This metric provides insights into the typical standard of living and purchasing power of Oregon families over time.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates the median income value.
Historical Context
Policymakers and analysts monitor Oregon's median household income to understand state-level economic trends and inform decisions on taxation, social programs, and economic development.
Key Facts
- Oregon's median household income was $71,599 in 2021.
- Incomes in Oregon are higher than the national median of $63,633.
- Median household income in Oregon has grown by 24% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Median Household Income in Oregon tracks the midpoint household income level in the state, providing a gauge of typical living standards and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic well-being and a critical input for policymakers, businesses, and consumers analyzing Oregon's cost of living and economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the median income value, representing the middle point where half of households earn more and half earn less.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Oregon's median household income to understand state-level economic trends and inform decisions on taxation, social programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The Census Bureau releases median household income data with a 1-2 year lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Median Household Income in Oregon (MEHOINUSORA646N), retrieved from FRED.