Income Before Taxes: Other Income by Region: Residence in the Midwest Census Region
CXUOTHRINCLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
334.00
Year-over-Year Change
93.06%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures other income, such as interest, dividends, and rental income, for individuals residing in the Midwest Census Region of the United States. It provides insights into the sources of income for this population.
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: Other Income by Region: Residence in the Midwest Census Region' series tracks non-labor income, including investment earnings and rental income, for individuals living in the Midwest region. This data is useful for understanding the financial well-being and economic landscape of the Midwest.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional income and product accounts.
Historical Context
Policymakers and economists analyze this trend to gauge the broader economic conditions and financial security of Midwest households.
Key Facts
- Midwest region accounts for over 20% of U.S. population.
- Other income represents roughly 25% of total personal income in the Midwest.
- Trend has shown steady growth in Midwest other income since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures other income, such as interest, dividends, and rental income, for individuals residing in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the sources of income and financial well-being of households in the Midwest region, which is useful for policymakers and economists analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge the broader economic conditions and financial security of Midwest households, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 2-month delay.
Related Trends
Expenditures: Drugs: Prescription and Nonprescription by Region: Residence in the Midwest Census Region
CXUDRUGSLB1103M
New Privately Owned Housing Starts by Design Type, Attached One-Family Units in the Midwest Census Region
HOUSTDTA1FMWQ
New Privately Owned Housing Completions by Number of Units in Building, 2 to 4 Units in the Midwest Census Region
COMPCB24UMMWQ
Unemployment Rate in Midwest Census Region
CMWRUR
New Privately-Owned Housing Units Under Construction: Total Units in the Midwest Census Region
UNDCONMWTSA
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
COMPPFS1FMWQ
Citation
U.S. Bureau of Economic Analysis, Income Before Taxes: Other Income by Region: Residence in the Midwest Census Region (CXUOTHRINCLB1103M), retrieved from FRED.