Per Capita Personal Income in Iowa
IAPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,573.00
Year-over-Year Change
49.45%
Date Range
1/1/1929 - 1/1/2024
Summary
The per capita personal income (PCPI) in Iowa measures the average income earned per person in the state. It is a key economic indicator used to assess the standard of living and economic well-being of Iowans.
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
PCPI represents the total personal income in Iowa divided by the state's population. It is a comprehensive measure that includes wages, salaries, supplements, and other forms of income. Economists and policymakers use PCPI to track economic growth, compare living standards, and inform policy decisions.
Methodology
The Bureau of Economic Analysis calculates PCPI using data from personal income and population estimates.
Historical Context
PCPI data helps evaluate the impact of economic policies and trends on household finances and consumer spending in Iowa.
Key Facts
- Iowa's PCPI was $57,447 in 2021.
- Iowa's PCPI grew by 5.2% from 2020 to 2021.
- Iowa's PCPI is above the national average.
FAQs
Q: What does this economic trend measure?
A: The per capita personal income (PCPI) in Iowa measures the average income earned per person in the state.
Q: Why is this trend relevant for users or analysts?
A: PCPI is a key economic indicator used to assess the standard of living and economic well-being of Iowans. It helps evaluate the impact of economic policies and trends on household finances and consumer spending.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates PCPI using data from personal income and population estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use PCPI to track economic growth, compare living standards, and inform policy decisions in Iowa.
Q: Are there update delays or limitations?
A: PCPI data is typically published with a lag of several months, so the most recent figures may not reflect the current economic conditions in Iowa.
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Citation
U.S. Federal Reserve, Per Capita Personal Income in Iowa (IAPCPI), retrieved from FRED.