Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Montana
MTPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,434.00
Year-over-Year Change
60.06%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on housing and utilities services in Montana. It provides insights into consumer spending patterns and the cost of living in the state.
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 Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Montana tracks the average amount spent by residents on housing-related services, including rent, utilities, and other household expenses. This data is used by economists and policymakers to analyze trends in consumer behavior and the overall cost of living in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This trend is relevant for understanding the affordability of housing and the cost of living in Montana, which can inform policy decisions and market analysis.
Key Facts
- Montana's per capita housing and utilities spending was $7,758 in 2021.
- Housing and utilities account for over 20% of total personal consumption expenditures in Montana.
- Montana's per capita housing and utilities spending is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Montana residents on housing-related services, including rent, utilities, and other household expenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the cost of living in Montana, which is important for understanding the affordability of housing and making informed policy and market decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze trends in consumer behavior and the overall cost of living in Montana, which can inform decisions related to housing, taxation, and other economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Montana (MTPCEPCHOUSUTL), retrieved from FRED.