Real Median Household Income in Hawaii
MEHOINUSHIA672N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,360.00
Year-over-Year Change
25.53%
Date Range
1/1/1984 - 1/1/2023
Summary
The Real Median Household Income in Hawaii tracks the inflation-adjusted median income of households in the state of Hawaii. This measure is important for understanding economic well-being and standard of living trends.
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 Real Median Household Income in Hawaii represents the median income of all households in the state, adjusted for inflation. It is a key indicator of the typical Hawaiian household's purchasing power and overall economic conditions.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Policymakers and economists use this trend to assess the financial health and standard of living of Hawaii's population.
Key Facts
- Hawaii has the highest real median household income among U.S. states.
- Incomes in Hawaii are over 30% higher than the national median.
- The real median household income in Hawaii has risen steadily since the 1980s.
FAQs
Q: What does this economic trend measure?
A: The Real Median Household Income in Hawaii tracks the inflation-adjusted median income of all households in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the typical standard of living and purchasing power of Hawaiian households.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial health and economic well-being of Hawaii's population.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay as part of the American Community Survey.
Related Trends
Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Hawaii
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Forestry, Fishing, Related Activities, and Other Earnings in Hawaii
HIEFOR
Average Weekly Earnings of All Employees: Goods Producing in Hawaii
SMU15000000600000011A
All Employees: Professional and Business Services: Management of Companies and Enterprises in Hawaii
SMU15000006055000001SA
Number of Identified Exporters to Japan from Hawaii
HIJPNA475SCEN
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Hawaii
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Citation
U.S. Federal Reserve, Real Median Household Income in Hawaii (MEHOINUSHIA672N), retrieved from FRED.