Total Personal Income in Utah
UTOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239,104.80
Year-over-Year Change
19.65%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Utah measures the aggregate income received by individuals in the state, including wages, salaries, dividends, and other sources. It is a key indicator of the overall economic health and purchasing power of Utah residents.
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
Total Personal Income in Utah represents the sum of all income sources for individuals living in the state. It is a widely-used statistic that provides insight into the state's standard of living, consumer spending, and economic performance over time.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis using information from tax records, surveys, and other government sources.
Historical Context
Policymakers and analysts closely monitor total personal income trends in Utah to assess the state's economic trajectory and make informed decisions.
Key Facts
- Utah's total personal income reached a record high of $174 billion in 2021.
- Personal income growth in Utah has outpaced the national average in recent years.
- Income from wages and salaries accounts for the largest share of total personal income in Utah.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Utah measures the aggregate income received by individuals in the state, including wages, salaries, dividends, and other sources.
Q: Why is this trend relevant for users or analysts?
A: Total personal income is a key indicator of the overall economic health and purchasing power of Utah residents, providing insight into the state's standard of living, consumer spending, and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis using information from tax records, surveys, and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor total personal income trends in Utah to assess the state's economic trajectory and make informed decisions.
Q: Are there update delays or limitations?
A: The total personal income data for Utah is typically published on a quarterly basis, with some potential for minor delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Total Personal Income in Utah (UTOTOT), retrieved from FRED.