Real Mean Personal Income in South Census Region
MAPAINUSSOA672N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,910.00
Year-over-Year Change
18.59%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks inflation-adjusted personal income in the South Census Region. Provides critical economic health indicator for the southern United States.
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
Measures average personal income adjusted for inflation in southern states. Reflects economic productivity and living standards.
Methodology
Calculated using Bureau of Economic Analysis personal income data and inflation adjustments.
Historical Context
Used by policymakers to assess regional economic performance and living standards.
Key Facts
- Represents inflation-adjusted income for southern states
- Provides comprehensive regional economic health snapshot
- Enables comparison of economic performance across time
FAQs
Q: What does real mean personal income measure?
A: Tracks average income adjusted for inflation. Shows actual purchasing power in the region.
Q: Why is the South Census Region important?
A: Represents significant economic region with diverse economic activities. Provides broader economic insights.
Q: How is inflation adjustment calculated?
A: Uses Consumer Price Index to convert nominal income to constant dollars.
Q: What factors influence this income measure?
A: Employment rates, industry performance, and regional economic policies impact income levels.
Q: How frequently is this data updated?
A: Typically updated quarterly by Bureau of Economic Analysis. Provides current economic snapshots.
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Citation
U.S. Federal Reserve, Real Mean Personal Income in South Census Region (MAPAINUSSOA672N), retrieved from FRED.