Real Median Personal Income in Midwest Census Region
MEPAINUSMWA672N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,100.00
Year-over-Year Change
26.40%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks median personal income adjusted for inflation in the Midwest region. Provides critical insights into regional economic well-being and purchasing power.
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
Measures the inflation-adjusted income for median households in Midwestern states. Helps economists understand regional economic trends and living standards.
Methodology
Calculated using Census Bureau survey data, adjusted for Consumer Price Index changes.
Historical Context
Used by policymakers to assess regional economic health and income distribution.
Key Facts
- Reflects inflation-adjusted household income
- Specific to Midwestern census region
- Important economic health indicator
FAQs
Q: What does median personal income measure?
A: Represents the middle point of personal income in the Midwest region. Indicates typical household economic conditions.
Q: How often is this data updated?
A: Typically updated annually by the U.S. Census Bureau. Provides current economic snapshots.
Q: Why is regional income data important?
A: Helps understand local economic variations and potential policy interventions.
Q: How does inflation impact this measure?
A: Data is adjusted for inflation to show real purchasing power changes over time.
Q: Can this data predict economic trends?
A: Provides insights into regional economic health and potential future economic conditions.
Related Trends
Share of Total Assets Held by the Top 1% (99th to 100th Wealth Percentiles)
WFRBST01108
Share of Loans (Liabilities) Held by the Top 1% (99th to 100th Wealth Percentiles)
WFRBST01128
12-Month Moving Average of Weighted Median Hourly Wage Growth: Weighted 1997: Overall
FRBATLWGT12MMAWMHWG97O
Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles)
WFRBST01134
Median Family Income in Northeast Census Region
MEFAINUSNEA646N
Share of Financial Assets Held by the 99th to 99.9th Wealth Percentiles
WFRBS99T999264
Citation
U.S. Federal Reserve, Real Median Personal Income in Midwest Census Region (MEPAINUSMWA672N), retrieved from FRED.