Mean Adjusted Gross Income for Colorado
MEANAGICO8A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,000.00
Year-over-Year Change
65.08%
Date Range
1/1/1989 - 1/1/2022
Summary
The Mean Adjusted Gross Income for Colorado tracks the average reported income of Colorado taxpayers. This economic metric provides insight into the overall prosperity and spending power of Colorado residents.
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
The Mean Adjusted Gross Income for Colorado represents the arithmetic mean of all adjusted gross incomes reported on individual tax returns from Colorado filers. It is a key indicator of the typical income level and standard of living in the state.
Methodology
The data is collected and calculated annually by the U.S. Internal Revenue Service from individual income tax returns.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand Colorado's economic conditions and consumer market.
Key Facts
- Colorado's mean AGI was $70,472 in the latest year.
- The state's mean AGI has grown 23% over the past decade.
- Colorado ranks 12th among U.S. states for average taxpayer income.
FAQs
Q: What does this economic trend measure?
A: The Mean Adjusted Gross Income for Colorado measures the average reported income of individual taxpayers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall prosperity and spending power of Colorado residents, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Internal Revenue Service from individual income tax returns.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to understand Colorado's economic conditions and consumer market.
Q: Are there update delays or limitations?
A: The data is published annually with a 1-year delay, as it is based on individual tax return information.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for Colorado (MEANAGICO8A052NCEN), retrieved from FRED.