Real Median Household Income in Oregon
MEHOINUSORA672N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,740.00
Year-over-Year Change
31.12%
Date Range
1/1/1984 - 1/1/2023
Summary
The Real Median Household Income in Oregon measures the inflation-adjusted median income for households in the state. It is a key indicator of economic well-being and purchasing power for Oregon 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 series tracks the middle household income level in Oregon, adjusted for inflation, and is a widely used metric for evaluating the state's economic conditions and standard of living over time.
Methodology
The data is collected through the U.S. Census Bureau's annual household surveys.
Historical Context
Policymakers and analysts use this trend to inform decisions around taxation, social programs, and economic development initiatives.
Key Facts
- Oregon's real median household income was $66,501 in 2021.
- Incomes have risen 15% in Oregon over the past decade.
- The state's median income is 2% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the middle household income level in Oregon, adjusted for inflation, providing a gauge of economic well-being and purchasing power for residents.
Q: Why is this trend relevant for users or analysts?
A: The real median household income is a widely used indicator for evaluating Oregon's economic conditions and standard of living over time, informing policy decisions around taxation, social programs, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around taxation, social programs, and economic development initiatives in Oregon.
Q: Are there update delays or limitations?
A: The data is released annually with a slight delay, as it is collected through household surveys.
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Citation
U.S. Federal Reserve, Real Median Household Income in Oregon (MEHOINUSORA672N), retrieved from FRED.