Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Wisconsin
WINMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.97
Year-over-Year Change
-13.24%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Wisconsin measures price differences for housing services in nonmetropolitan areas of Wisconsin compared to the national average. This data informs economic analysis and policy decisions related to cost of living and regional economic disparities.
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 Regional Price Parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year. The Services: Housing: Nonmetropolitan Portion for Wisconsin specifically looks at the relative price of housing services in non-urban areas of the state compared to the national average.
Methodology
The U.S. Bureau of Economic Analysis calculates RPPs using data on rents, prices, and expenditures.
Historical Context
This data is used by policymakers, economists, and businesses to understand regional cost-of-living variations and their impact on standards of living and economic competitiveness.
Key Facts
- Wisconsin's nonmetropolitan housing costs are 85.7% of the national average.
- RPPs help adjust income, wages, and other economic measures for geographic price differences.
- This data is released annually by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Wisconsin measures the relative price level of housing services in non-urban areas of the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional cost-of-living differences and their implications for standards of living, economic competitiveness, and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates RPPs using data on rents, prices, and expenditures.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this data to analyze regional cost-of-living variations and their impact on economic conditions and decisions.
Q: Are there update delays or limitations?
A: This data is released annually by the U.S. Bureau of Economic Analysis, with a lag of about one year.
Related Trends
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PEAAWI55000A647NCEN
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CIVLFWI
Real Per Capita Personal Income for Wisconsin
WIRPIPC
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Health Care and Social Assistance Earnings in Wisconsin
WIEHEA
90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Wisconsin
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Wisconsin (WINMPRPPSERVERENT), retrieved from FRED.