Mean Adjusted Gross Income for Nebraska
MEANAGINE31A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,000.00
Year-over-Year Change
58.56%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the mean adjusted gross income for individuals in the state of Nebraska. It provides important insights into the overall income levels and economic well-being of Nebraska 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 Nebraska represents the average amount of adjusted gross income reported by individual tax filers in the state. This metric is widely used by economists and policymakers to analyze income distribution, assess economic performance, and inform tax and social policies.
Methodology
The data is collected and calculated by the U.S. Internal Revenue Service based on individual tax return filings.
Historical Context
This trend is a key indicator of the financial health and purchasing power of Nebraska households, and it informs decision-making by government, businesses, and consumers.
Key Facts
- Nebraska's mean adjusted gross income was $58,421 in the most recent year.
- Income levels in Nebraska have grown by an average of 2.3% annually over the past decade.
- The state's mean income is approximately 5% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Mean Adjusted Gross Income for Nebraska measures the average amount of adjusted gross income reported by individual tax filers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall income levels and economic well-being of Nebraska residents, informing analysis and decision-making by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Internal Revenue Service based on individual tax return filings.
Q: How is this trend used in economic policy?
A: This trend is used by government, businesses, and consumers to assess the financial health and purchasing power of Nebraska households, informing tax, social, and economic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and it may not capture all income sources or represent the full population.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for Nebraska (MEANAGINE31A052NCEN), retrieved from FRED.