Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Arkansas
ARNMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.27
Year-over-Year Change
-15.77%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Arkansas measures price differences for housing services in non-metropolitan areas of Arkansas compared to the national average.
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 indicator provides insights into the relative cost of living in different regions of the United States. It is used by economists and policymakers to understand regional variations in the purchasing power of households and to inform decisions related to cost-of-living adjustments and economic development strategies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer prices.
Historical Context
This metric is relevant for understanding differences in the affordability of housing and the overall cost of living across U.S. regions.
Key Facts
- Arkansas's non-metropolitan housing services prices are 83.3% of the national average.
- This metric has been tracked since 2008.
- It is updated annually by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the relative price of housing services in non-metropolitan areas of Arkansas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional differences in the cost of living, which is crucial for understanding household purchasing power and informing economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer prices.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand regional variations in the cost of living and to inform decisions related to cost-of-living adjustments and economic development strategies.
Q: Are there update delays or limitations?
A: This metric is updated annually by the Bureau of Economic Analysis, with a typical delay of about a year.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas
ARPCEONDURG
Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Arkansas
ARPCEPCHCE
Estimate of People Under Age 5 in Poverty for Arkansas
PE0T4AR05000A647NCEN
All Employees: Construction: Specialty Trade Contractors in Arkansas
SMU05000002023800001
High School Graduate or Higher for Arkansas
GCT1501AR
90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Arkansas
PECILBAAAR05000A647NCEN
Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Arkansas (ARNMPRPPSERVERENT), retrieved from FRED.