Mean Adjusted Gross Income for New York
MEANAGINY36A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,000.00
Year-over-Year Change
50.13%
Date Range
1/1/1989 - 1/1/2022
Summary
The Mean Adjusted Gross Income for New York is a key economic indicator that measures the average income reported on federal tax returns for individuals residing in the state of New York. This metric provides valuable insights into the overall financial well-being and spending power of New York 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 New York represents the average income declared on tax returns by individuals living in the state. This statistic is widely used by economists, policymakers, and market analysts to assess the economic health and consumer spending trends in New York.
Methodology
The data is collected and calculated by the U.S. Internal Revenue Service based on individual tax return filings.
Historical Context
This economic trend is closely monitored by government officials, financial institutions, and businesses to understand consumer demand and guide economic policies in New York.
Key Facts
- New York has the highest mean adjusted gross income among all U.S. states.
- The mean AGI for New York has grown by over 25% in the past decade.
- High-income earners make up a significant portion of New York's taxpayer base.
FAQs
Q: What does this economic trend measure?
A: The Mean Adjusted Gross Income for New York measures the average income reported on federal tax returns by individuals residing in the state of New York.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall financial well-being and spending power of New York residents, which is crucial information for economists, policymakers, and market analysts.
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 economic trend is closely monitored by government officials, financial institutions, and businesses to understand consumer demand and guide economic policies in New York.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions based on updated tax return information.
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Citation
U.S. Federal Reserve, Mean Adjusted Gross Income for New York (MEANAGINY36A052NCEN), retrieved from FRED.