Category Archives: Well-being

U.S. & State Real Median Household Income Trends

.. during the past two years, 2017 and 2018, the real median household income increased by $1,627. Some states experienced a decline in real median household income in the past two years. During the previous two years, 2015 and 2016, the real median household income increased by $3,329. See details in interactive table (opens new page).

Real median household income in the U.S. increased 0.8 percent between the 2017 ACS and 2018 ACS based on the American Community Survey (ACS 2018). The U.S. MHI, based on ACS 2018 (released September 2019), was $61,937. The national MHI has been increasing since 2013. The increase from 2017 is smaller than the prior 3 years, during which MHI increased between 1.8 percent and 3.3 percent annually. This was the second consecutive year that U.S. MHI was higher than 2007.

Household income as used here is the combined gross income of all members of a household, defined as a group of people living together, who are 15 years or older. The median household income is used to examine the economic health of an area or to compare living conditions between geographic regions.

Use the interactive table and related Geographic Information System (GIS) resources to examine income trends and geographic patterns. See details on using GIS project.

Patterns of Real Median Household Income Change; 2016-2018
— change during two calendar years labeled with 2018 real MHI
— click link for larger view; expand browser window for best quality view.

– view developed using ProximityOne CV XE GIS and related GIS project.
– geospatial analyze income characteristics integrated with your data to examine patterns; gain insights.

Median Household Income in the United States: 2005–2018

U.S. & State Median Household Income: Annually 2005–2018 — Interactive Table
The following static graphic illustrates use of the U.S. & State MHI interactive table. This view shows the 10 states/areas ranked on the 2018 real median household income. See pointer, note that D.C. had the highest real 2018 MHI.  

Try it yourself. Use the table to examine different patterns … like which states experienced a decline in a selected year or over a selected period.

Alternative Measures of MHI
There are other ways to measure/estimate MHI. Possibly the most notable alternative is the Census/BLS Current Population Survey (CPS). This topic will be covered in an upcoming blog .. and how ACS and CPS MHI estimates differ. While the CPS can be used to develop state and higher level geography estimates, ACS might be preferred as MHI estimates can also be developed for counties, cities, census tracts and block groups .. and many other political/statistical areas not possible using CPS.

Demographic-Economic Analytics Web Sessions
Join me in a Demographics Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

The Value of Demographic Insights

.. its a global thing, a community thing, a business thing, a personal thing … demographics tell us about how, when, where we have changed and how we might change in the future .. and how that change might impact you .. us.

How & Why are County Demographics Changing?
The following graphic shows how counties have gained population (blue and green) and lost population (orange and red) during the period 2010 to 2018. Click graphic for larger view; expand browser window for best quality view. What are the insights from these data, this view? How are the insights developed? Their application and use creates the value. .
– developed using ProximityOne CV XE GIS.

Access these data for areas of interest:
– U.S. by state interactive table.
– U.S. by metro interactive table.
– U.S. by county interactive table.
– U.S. by city interactive table.
– U.S. by census tract interactive table.

An example of the “tip of the iceberg,” the above model-based demographic data have been developed for use in developing the more detailed American Community Survey annual demographic data — annual updates on demographics down to the block group level of geography. ~217,000 areas covering the U.S. wall-to-wall.

Valuation of Demographic Insights
Having the required demographic data is needed before value can be assigned to their use. It’s really not possible to value demographic data or insights on a financial basis alone. But here are some considerations. One way to assign a value to demographic data is on the cost basis. The above data have been developed by the Census Bureau. But they are not free to develop — the costs for the Federal programs to produce them and the cost for others providing access to the data and using them.

These demographic data enable an unestimable number of studies that result in an unestimable set of decisions in the private and public sector. Many evolve into useful insights, but certainly not all.

Census 2020 is will cost in excess of $16 billion. That’s just to get the data out there. The value of these demographic data have to be in the many trillions or much more. Plus, these demographics enable things that can be done that cannot be done with any other set of demographic data. This “uniqueness thread” runs through many demographic data programs. What is the value of being able to apportion Congress, state legislatures and thousands of other governmental bodies?

How to assign value to one decision based substantially on geodemographics?

What about the byproducts? Census 2020 relies heavily on the Census produced (with the indispensable involvement of regional governments) TIGER/Line geographic database. In essence, we have a demographic data program producing a geographic database. It can be argued that the public use TIGER database is the most valuable past of the decennial census. TIGER provides the digital map database undergirding all widely used mapservers such as Google maps and Bing. It provides the unique and near comprehensive set of standardized geographic data going down to the intersection-to-intersection street segment. It enables a near infinite set of Geographic Information System (GIS) applications.

The above addresses mainly matters of demographic data developed on a national scale. All businesses deal in their own demographics daily. This set of demographic data minimally includes staff and related consultants, etc. plus prospects and clients/customers. Many businesses do not take advantage of the potential benefits of having these data. They can often do more to use their own data, and data of competitors and about the market, to develop improved plans to meet their goals.

Demographic Analytics Web Sessions
Join me in a Demographics Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

  

Examining Economic Well-Being by Metro

.. examining the state of economic well-being: 2008-2017 .. expanding insights through data analytics .. tools and data to examine how and where the U.S. by metropolitan area real personal income is changing.  Real per capita personal income (RPCPI) is the best single measure of personal economic-well being. By examining RPCPI trends over a period, stakeholders can better determine if the area in improving, stable or declining. Still, RPCPI is but one important measure among many others, such as the Regional Price Parities (RPP). Use the interactive table, and related GIS tools, to examine these and other real personal income measures for the Nation’s 383 Metropolitan Statistical Areas (MSAs). See related Web section for more detail.

Based on data released by the Bureau of Economic Analysis in May 2019, see about in statistical release dates, real state personal income grew 2.6 percent in 2017, after increasing 1.5 percent in 2016. Real state personal income is a state’s current-dollar personal income adjusted by the state’s regional price parity and the national personal consumption expenditures price index. Across metropolitan areas, the percent change ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK

Visually Examining Patterns of Economic Well-Being
Geographic Information Systems (GIS) tools provide a powerful to explore these data. The following graphic shows a view of real per capita personal income (RPCPI), 2017, for Texas MSAs. Color patterns for levels of RPCPI are shown in the inset legend. MSAs are labeled with the 2017 RPCPI rank among all U.S. MSAs. Click graphic for larger view; expand browser window for best quality view. The larger view shows MSAs labeled with short name and a mini-profile for Harris County (pointer).

.. view developed with ProximityOne CV XE GIS and related GIS project.

Using the Interactive table
The interactive table (click link to view/use) includes a row for the U.S., U.S. nonmetro area and each Metropolitan Statistical Area (383). Each row provides a 2008-17 annual time series for four items (and derived items): real per capita personal income, regional prices parities-all items, total real personal income, implicit regional price deflator.

The following graphic shows these areas ranked on RPCPI in 2017. See rightmost column rank. Click graphic for larger view. Midland, TX MSA has the 4th highest 2017 RPCPI (shown in blue; also shown in blue in the map graphic above). But … that metro experienced a decrease of 12.1 percent over the period 2010-2017 .. and down from a high RPCPI of $115,069 in 2014. The dynamics of the oil industry!

Data Analytics Web Sessions
See these applications live/demoed. Run the applications on your own computer.
Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.