Real Per Capita Personal Income: Nonmetropolitan Portion for Utah
UTNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,310.00
Year-over-Year Change
71.96%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Utah is an important economic indicator that measures the inflation-adjusted average income for individuals living in non-urban areas of Utah.
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 metric provides insight into the purchasing power and overall economic well-being of Utah's rural population. It is used by policymakers and analysts to assess regional economic trends and inform decisions around investment, development, and social programs.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding regional economic disparities and informing policies that aim to promote equitable growth across urban and rural areas.
Key Facts
- Utah's nonmetropolitan real per capita personal income was $47,462 in 2021.
- The nonmetropolitan portion accounts for approximately 24% of Utah's total personal income.
- Real per capita personal income in Utah's nonmetropolitan areas has grown by 18% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted average personal income for individuals living in non-urban areas of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and purchasing power of Utah's rural population, which is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used to understand regional economic disparities and inform policies that aim to promote equitable growth across urban and rural areas in Utah.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 6-9 month delay.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Utah (UTNMPRPIPC), retrieved from FRED.