Income Before Taxes: Income Before Taxes by Type of Area: Rural
CXUINCBEFTXLB1805M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,560.00
Year-over-Year Change
18.94%
Date Range
1/1/1984 - 1/1/2020
Summary
This economic trend measures income before taxes for households in rural areas. It provides insights into the financial well-being and purchasing power of rural populations.
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 'Income Before Taxes: Income Before Taxes by Type of Area: Rural' metric tracks the average income, including wages, investments, and other sources, of households located in rural regions of the United States prior to the deduction of taxes. This data is a key indicator of the economic standing and financial resources available to rural consumers.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess the relative economic health and spending potential of rural communities.
Key Facts
- Rural incomes are typically lower than urban incomes.
- Income before taxes reflects purchasing power and spending ability.
- This metric is a leading indicator of rural economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average income, including wages, investments, and other sources, of households located in rural regions of the United States before the deduction of taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial well-being and purchasing power of rural populations, which is crucial for understanding the economic health and spending potential of rural communities.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to assess the relative economic health and spending potential of rural communities, informing policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of the Current Population Survey by the U.S. Census Bureau, and may have some limitations in geographic or demographic coverage.
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Citation
U.S. Federal Reserve, Income Before Taxes: Income Before Taxes by Type of Area: Rural (CXUINCBEFTXLB1805M), retrieved from FRED.