Other Financial Information: Estimated Monthly Rental Value of Owned Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers
CXU910050LB1205M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,248.00
Year-over-Year Change
64.64%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the estimated monthly rental value of owned homes for wage and salary earners in technological, sales, and clerical occupations. It provides insight into the housing costs and economic well-being of this important segment of the workforce.
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 Estimated Monthly Rental Value of Owned Home by Occupation data series tracks the imputed rent for homeowners in various occupational categories. This metric helps economists and policymakers assess relative standards of living and housing affordability across different professions.
Methodology
The data is collected through household surveys by the U.S. Census Bureau.
Historical Context
This trend is useful for analyzing housing market conditions and the financial pressures facing different types of workers.
Key Facts
- The average estimated monthly rental value was $1,174 in 2022.
- This metric has increased by 20% over the past decade.
- Technological workers had the highest average rental value among the occupations tracked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated monthly rental value of owned homes for wage and salary earners in technological, sales, and clerical occupations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the housing costs and economic well-being of an important segment of the workforce, which is useful for analyzing housing market conditions and financial pressures facing different types of workers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess relative standards of living and housing affordability across different professions.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be lags in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Other Financial Information: Estimated Monthly Rental Value of Owned Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers (CXU910050LB1205M), retrieved from FRED.