Real Median Personal Income in Northeast Census Region
This dataset tracks real median personal income in northeast census region over time.
Latest Value
45530.00
Year-over-Year Change
25.19%
Date Range
1/1/1974 - 1/1/2023
Summary
This economic trend measures the real median personal income in the Northeast Census Region of the United States. It is a key metric for understanding regional economic well-being and consumer purchasing power.
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 Real Median Personal Income in Northeast Census Region provides insight into the typical personal income in the Northeast after adjusting for inflation. It is an important indicator for policymakers and analysts assessing regional economic conditions and trends.
Methodology
This data is collected through household surveys by the U.S. Census Bureau.
Historical Context
Median personal income is a widely used benchmark for consumer spending, taxation, and cost-of-living analysis.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Real median personal income adjusts for inflation to show purchasing power over time.
- Trends in median personal income can indicate changes in regional economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) median personal income in the Northeastern region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Median personal income is a key indicator of regional economic conditions and consumer purchasing power, which is important for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in median personal income are used to assess regional economic well-being and inform policies related to taxation, cost of living, and consumer spending.
Q: Are there update delays or limitations?
A: This data is subject to the same update schedules and limitations as other Census Bureau household survey data.
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Citation
U.S. Federal Reserve, Real Median Personal Income in Northeast Census Region (MEPAINUSNEA672N), retrieved from FRED.