Regional Price Parities: Services: Housing for Florida
FLRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.06
Year-over-Year Change
13.70%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Florida measures the relative cost of housing services in Florida compared to the national average. This metric is important for economists and policymakers to understand regional cost-of-living differences.
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 Florida index provides a measure of the relative prices of housing services in Florida compared to the national average. This helps analysts and institutions assess the geographic distribution of the cost of living within the United States.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Historical Context
Policymakers and market participants use this index to inform decisions around cost-of-living adjustments, real estate valuations, and regional economic development.
Key Facts
- Florida's housing services costs 5.6% above the national average.
- The index has increased by 2.1% over the past 5 years.
- Housing services account for over 25% of consumer expenditures in Florida.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Florida index measures the relative cost of housing services in Florida compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional cost-of-living differences and informing decisions around real estate valuations, economic development, and cost-of-living adjustments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Q: How is this trend used in economic policy?
A: Policymakers and market participants use this index to inform decisions around cost-of-living adjustments, real estate valuations, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months.
Related Trends
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FLACCFDQGSP
Gross Domestic Product: Transportation and Warehousing (48-49) in Florida
FLTRANSWARENGSP
Housing Inventory: Median Listing Price per Square Feet in Florida
MEDLISPRIPERSQUFEEFL
All Employees: Education and Health Services: Nursing Care Facilities (Skilled Nursing Facilities) in Florida
SMU12000006562310001SA
Average Weekly Hours of All Employees: Private Service Providing in Florida
SMU12000000800000002
All Employees: Travel Arrangement and Reservation Services in Florida
SMU12000006056150001A
Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Florida (FLRPPSERVERENT), retrieved from FRED.