Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Mississippi
MSNMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.04
Year-over-Year Change
-12.98%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Mississippi measures regional cost-of-living differences for nonmetropolitan areas 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 indicator provides insight into the relative purchasing power and cost of living across different regions within Mississippi, focusing specifically on nonmetropolitan areas and housing services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and researchers to analyze geographic variations in the cost of living.
Key Facts
- Mississippi's nonmetropolitan housing services cost 20% less than the national average.
- Regional price parities account for differences in purchasing power across regions.
- Nonmetropolitan areas in Mississippi have a lower cost of living than urban centers.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative cost of housing services in nonmetropolitan areas of Mississippi compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into regional cost-of-living differences, which is relevant for businesses, policymakers, and individuals making location-based decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their Regional Price Parities program.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and researchers to analyze geographic variations in the cost of living, which informs decisions related to economic development, public assistance programs, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually with a lag of approximately one year, so the most recent data may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Mississippi (MSNMPRPPSERVERENT), retrieved from FRED.