Median Adjusted Gross Income for Delaware
MEDAGIDE10A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,000.00
Year-over-Year Change
40.55%
Date Range
1/1/1989 - 1/1/2022
Summary
The Median Adjusted Gross Income for Delaware measures the mid-point income level of tax filers in the state. It provides insight into the economic well-being and purchasing power of Delaware 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
This economic series tracks the median adjusted gross income, which is the income level at which half of tax filers in Delaware have a higher income and half have a lower income. It is a key measure of the financial resources and standard of living within the state.
Methodology
The data is calculated annually by the U.S. Internal Revenue Service based on individual tax return filings.
Historical Context
The median income trend is closely followed by policymakers, analysts, and businesses to understand consumer behavior and inform economic decision-making.
Key Facts
- Delaware's median adjusted gross income was $51,833 in 2020.
- Median income in Delaware is 6% higher than the national median.
- Income levels vary significantly by county within the state.
FAQs
Q: What does this economic trend measure?
A: The Median Adjusted Gross Income for Delaware measures the midpoint income level of tax filers in the state, providing insight into the financial resources and standard of living.
Q: Why is this trend relevant for users or analysts?
A: The median income trend is a key indicator of consumer purchasing power and economic well-being that is closely tracked by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is calculated annually by the U.S. Internal Revenue Service based on individual tax return filings.
Q: How is this trend used in economic policy?
A: Median income data is used by policymakers, analysts, and businesses to understand consumer behavior and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, as it is based on tax return filings for the prior year.
Related Trends
State Tax Collections: T11 Amusements Sales Tax for New Jersey
QTAXT11QTAXCAT3NJNO
Mean Adjusted Gross Income for Hawaii
MEANAGIHI15A052NCEN
Total Tax Exemptions for New Jersey
TOTEXMNJ34A647NCEN
State Tax Collections: Total Taxes for New Jersey
QTAXTOTALQTAXCAT3NJNO
State Tax Collections: Total Taxes for Oregon
QTAXTOTALQTAXCAT3ORNO
Poverty Tax Exemptions for West Virginia
PEXMWV54A647NCEN
Citation
U.S. Federal Reserve, Median Adjusted Gross Income for Delaware (MEDAGIDE10A052NCEN), retrieved from FRED.