Real Per Capita Personal Income: Nonmetropolitan Portion for Montana
MTNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,266.00
Year-over-Year Change
37.26%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Montana measure tracks the average inflation-adjusted personal income per person in Montana's rural areas.
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 provides insights into the economic well-being of Montana's non-urban population, which is important for understanding regional economic trends and informing policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income statistics and population estimates.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess economic conditions and development in rural communities.
Key Facts
- Montana's nonmetropolitan per capita personal income was $49,206 in 2021.
- Real per capita personal income in Montana's rural areas has grown by 18% since 2010.
- The nonmetropolitan portion accounts for over a third of Montana's total personal income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average inflation-adjusted personal income per person in Montana's rural, non-urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the economic well-being of Montana's non-metropolitan population, which is important for understanding regional economic trends and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income statistics and population estimates.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess economic conditions and development in rural communities in Montana and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Montana (MTNMPRPIPC), retrieved from FRED.