Real Personal Income: Nonmetropolitan Portion for Mississippi
MSNMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,618,821.00
Year-over-Year Change
13.19%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Nonmetropolitan Portion for Mississippi measures the purchasing power of personal income in Mississippi's non-urban areas. It is a key indicator of economic well-being and living standards for rural residents in the state.
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 trend provides insights into the real income levels and purchasing power of individuals living outside of metropolitan areas in Mississippi. It is used by policymakers, economists, and analysts to understand regional economic disparities and develop targeted policies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and cost-of-living data.
Historical Context
Tracking this trend helps inform decisions around rural development, social programs, and infrastructure investments.
Key Facts
- Mississippi's nonmetropolitan real personal income was $38,857 in 2021.
- This trend has remained relatively flat over the past decade.
- Rural areas often lag behind urban centers in economic growth and income levels.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Nonmetropolitan Portion for Mississippi measures the purchasing power of personal income for individuals living outside of metropolitan areas in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and living standards of rural residents in Mississippi, which can inform policymaking and development initiatives.
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 cost-of-living data.
Q: How is this trend used in economic policy?
A: Tracking this trend helps policymakers, economists, and analysts understand regional economic disparities and develop targeted policies for rural development, social programs, and infrastructure investments.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Real Personal Income: Nonmetropolitan Portion for Mississippi (MSNMPRPI), retrieved from FRED.