Real Median Personal Income in South Census Region
This dataset tracks real median personal income in south census region over time.
Latest Value
40670.00
Year-over-Year Change
18.54%
Date Range
1/1/1974 - 1/1/2023
Summary
The Real Median Personal Income in South Census Region tracks the inflation-adjusted median income of individuals in the southern United States. This key economic indicator provides insights into the standard of living and purchasing power of households in the region.
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
This series measures the real (inflation-adjusted) median personal income for individuals living in the South Census Region, one of the four major regional divisions of the United States. It is a widely followed statistic that economists use to assess economic well-being and consumer demand trends.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for inflation using the Consumer Price Index.
Historical Context
Policymakers and analysts monitor this metric to understand regional income dynamics and make informed decisions about economic and social policies.
Key Facts
- The South Census Region includes 16 states and the District of Columbia.
- Real median personal income in the South was $31,577 in 2021.
- Income levels in the South tend to be lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The Real Median Personal Income in South Census Region measures the inflation-adjusted median income of individuals living in the southern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and standard of living of households in the South, which is useful for policymakers, businesses, and economists analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for inflation using the Consumer Price Index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to understand regional income dynamics and make informed decisions about economic and social policies targeted at the South Census Region.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Median Personal Income in South Census Region (MEPAINUSSOA672N), retrieved from FRED.