Real Per Capita Personal Income: Metropolitan Portion for Mississippi
MSMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,800.00
Year-over-Year Change
19.27%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Metropolitan Portion for Mississippi measures the inflation-adjusted average income of residents in metropolitan areas of Mississippi. This metric provides insights into the economic well-being and purchasing power of Mississippians.
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 represents the real (inflation-adjusted) per capita personal income for the metropolitan portion of Mississippi. It is a key indicator of the standard of living and economic conditions in the state's urban areas, which can differ from the statewide average.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Historical Context
Policymakers and economists use this trend to analyze regional economic performance and guide decisions on investments, programs, and policies.
Key Facts
- The metropolitan portion accounts for over 50% of Mississippi's total personal income.
- Real per capita personal income in Mississippi's metropolitan areas has grown by 25% since 2010.
- Mississippi's metropolitan real per capita income is about 85% of the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted average personal income per person in the metropolitan areas of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and purchasing power of Mississippians living in urban areas, which can differ from statewide averages.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze regional economic performance and guide decisions on investments, programs, and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Mississippi
MSBP1FH
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Mississippi
SMU28000006500000003
90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Mississippi
PPCILB5T17MS28000A156NCEN
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi
MSTRANSWARERQGSP
Imports of Goods: Manufactured Commodities for Mississippi
IMPMANMS
Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Mississippi
MSAMUSENGSP
Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Mississippi (MSMPRPIPC), retrieved from FRED.