Real Per Capita Personal Income: Nonmetropolitan Portion for Maryland
MDNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,415.00
Year-over-Year Change
24.06%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Maryland measures the average inflation-adjusted personal income of individuals living in non-metropolitan areas of Maryland. This metric is important for economists and policymakers to understand regional economic trends and disparities.
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 tracks the real (inflation-adjusted) per capita personal income for the non-metropolitan portion of Maryland's population. It provides insight into the economic well-being and purchasing power of residents outside of the state's metropolitan areas.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income statistics and population estimates.
Historical Context
Policymakers use this metric to assess economic conditions and target resources in non-urban regions.
Key Facts
- Maryland's non-metropolitan per capita personal income was $47,302 in 2021.
- This metric has increased by 18% over the past decade.
- Non-metro incomes lag behind metropolitan areas in Maryland.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average inflation-adjusted personal income of individuals living in non-metropolitan areas of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic well-being and purchasing power of residents outside of Maryland's major metropolitan regions, which is important for understanding regional economic disparities and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income statistics and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess economic conditions and target resources in Maryland's non-urban regions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the reference period.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Maryland (MDNMPRPIPC), retrieved from FRED.