Regional Price Parities: Services: Housing for Iowa
IARPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.00
Year-over-Year Change
-7.42%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Iowa measures the relative cost of housing services in Iowa compared to the national average.
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
This data series provides insights into the geographic variations in the cost of living, which is an important consideration for businesses, policymakers, and individuals when making economic decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a combination of survey data and statistical modeling.
Historical Context
This metric is used to adjust economic statistics for differences in purchasing power across regions.
Key Facts
- Iowa's housing services cost 90.5% of the national average in 2021.
- Regional price parities are published annually by the BEA.
- The data covers all 50 U.S. states and Washington, D.C.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Iowa measures the relative cost of housing services in Iowa compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into geographic variations in the cost of living, which is an important consideration for businesses, policymakers, and individuals when making economic decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a combination of survey data and statistical modeling.
Q: How is this trend used in economic policy?
A: This metric is used to adjust economic statistics for differences in purchasing power across regions, informing decisions by markets, economists, and government institutions.
Q: Are there update delays or limitations?
A: The Regional Price Parities are published annually by the BEA, with the most recent data covering 2021.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Iowa (IARPPSERVERENT), retrieved from FRED.