Real Per Capita Personal Income: Metropolitan Portion for Indiana
INMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,428.00
Year-over-Year Change
26.02%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Metropolitan Portion for Indiana measures the inflation-adjusted average personal income per person in metropolitan areas of Indiana. This trend provides insights into the economic well-being and purchasing power of Indiana's urban 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
This series represents the real per capita personal income, which is the total personal income of residents divided by the total population, adjusted for inflation. The metropolitan portion specifically focuses on Indiana's urban centers, offering a perspective on the economic conditions in the state's more populated regions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is commonly used by economists, policymakers, and market analysts to assess the economic health and consumer spending potential in Indiana's metropolitan areas.
Key Facts
- Indiana's metropolitan real per capita personal income was $53,824 in 2021.
- The metropolitan portion accounts for over 80% of Indiana's total personal income.
- Real per capita personal income in Indiana's metro areas has grown by 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted average personal income per person in metropolitan areas of Indiana, providing insights into the economic well-being and purchasing power of the state's urban population.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the economic conditions and consumer spending potential in Indiana's more populated regions, which is valuable information for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the economic health and well-being of Indiana's metropolitan areas, which can inform decisions related to economic development, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a delay of several months. There may be some limitations in accurately capturing the income of certain population groups or accounting for cost-of-living differences within metropolitan areas.
Related Trends
Average Weekly Hours of All Employees: Financial Activities in Indiana
SMU18000005500000002
Health Care and Social Assistance Earnings in Indiana
INEHEA
Real Gross Domestic Product: Air Transportation (481) in Indiana
INAIRTRANRGSP
State Government Tax Collections, Amusements - Selective Sales Taxes in Indiana
INAMUSTAX
Real Gross Domestic Product: Retail Trade (44-45) in Indiana
INRETAILRQGSP
Monthly State Retail Sales: Gasoline Stations in Indiana
MSRSIN447
Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Indiana (INMPRPIPC), retrieved from FRED.