Real Per Capita Personal Income: Nonmetropolitan Portion for Mississippi
MSNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,857.00
Year-over-Year Change
19.96%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Mississippi measures the inflation-adjusted average income per person in rural areas of the state. This provides insights into the economic well-being of non-urban populations.
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 metric represents the average real (inflation-adjusted) personal income per capita for residents of nonmetropolitan counties in Mississippi. It is a key indicator of the economic conditions and standards of living in the state's rural areas.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Historical Context
Policymakers and economists analyze this trend to understand economic disparities between urban and rural regions and inform policies to support non-metropolitan development.
Key Facts
- The 2021 value for this metric was $46,941.
- Nonmetropolitan per capita income is about 79% of the metropolitan level in Mississippi.
- This trend has increased by 18% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average real (inflation-adjusted) personal income per capita for residents of nonmetropolitan counties in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the economic well-being and standard of living in Mississippi's rural areas, which is relevant for policymakers and economists studying regional economic disparities.
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 estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand economic disparities between urban and rural regions and inform policies to support non-metropolitan development in Mississippi.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and updates, as the metric relies on personal income and population estimates.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Mississippi (MSNMPRPIPC), retrieved from FRED.