Regional Price Parities: Services: Housing for Colorado
CORPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.53
Year-over-Year Change
9.90%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Colorado measures geographic differences in the prices of housing services across the United States. This important economic indicator helps policymakers and researchers analyze regional cost-of-living variations.
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: Services: Housing for Colorado is an index that compares the average prices of housing services, including rent, utilities, and other shelter costs, in Colorado relative to the national average. It is used to adjust income and other economic measures for spatial price differences.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This index provides crucial context for evaluating economic conditions and policy impacts at the regional level.
Key Facts
- Colorado's housing services costs are 102.2% of the national average.
- The index has been published annually since 2008.
- Housing services make up about 30% of total consumer expenditures.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Colorado measures the relative cost of housing services, including rent, utilities, and other shelter costs, in Colorado compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This index is important for adjusting income, wages, and other economic measures to account for regional cost-of-living differences, providing crucial context for evaluating economic conditions and policy impacts at the state and local level.
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: The Regional Price Parities are used by policymakers, economists, and other analysts to understand regional cost-of-living variations and their implications for things like the real purchasing power of incomes, standards of living, and the regional impact of economic policies.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually, with a delay of about one year from the reference period.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Colorado (CORPPSERVERENT), retrieved from FRED.