Real Personal Income: Metropolitan Portion for Massachusetts
MAMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
483,904,629.00
Year-over-Year Change
30.05%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Massachusetts metric tracks the purchasing power of personal income for Massachusetts residents in metropolitan areas, providing insights into regional economic conditions.
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 metric represents the real personal income of individuals living in the metropolitan portions of Massachusetts, adjusted for inflation. It is a key indicator of the financial well-being and consumption potential of the state's urban population.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal income and regional price parities.
Historical Context
This trend is widely used by economists, policymakers, and businesses to assess the economic health and spending dynamics of Massachusetts metropolitan areas.
Key Facts
- Massachusetts metro areas account for over 85% of the state's population.
- Real personal income growth in Massachusetts has outpaced the national average since 2010.
- The real personal income metric is adjusted for regional price differences across the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) personal income of individuals living in the metropolitan portions of Massachusetts, providing insights into the purchasing power and economic well-being of the state's urban population.
Q: Why is this trend relevant for users or analysts?
A: The real personal income metric is a key indicator of economic conditions and consumer spending potential in Massachusetts metropolitan areas, making it highly relevant for policymakers, businesses, and economists analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal income and regional price parities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial well-being and consumption patterns of Massachusetts residents in metropolitan areas, informing decisions related to economic development, taxation, and public spending.
Q: Are there update delays or limitations?
A: The real personal income data for Massachusetts metropolitan areas is typically published on a quarterly basis, with a lag of several months. Users should be aware of potential delays when interpreting the most recent data.
Related Trends
All Employees: Retail Trade: Food and Beverage Stores in Massachusetts
SMU25000004244500001A
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Massachusetts
MAPCEPCLRPTSLSGSNPIS
Gross Domestic Product: Trade (42, 44-45) in Massachusetts
MATRADENGSP
All Employees: Accommodation and Food Services in Massachusetts
SMU25000007072000001A
Housing Inventory: Median Listing Price per Square Feet in Massachusetts
MEDLISPRIPERSQUFEEMA
Average Weekly Hours of All Employees: Financial Activities in Massachusetts
SMU25000005500000002
Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Massachusetts (MAMPRPI), retrieved from FRED.