Tag Archives: Economics

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.

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.

Assessing Why and How the Regional Economy is Changing

.. data, tools and insights .. which counties are experiencing the fastest economic growth? by what economic component? what does this look like on a per capita level? how might county economic change impact you? Use our county level annual estimates and projections to 2030 to get answers to these and related questions. Get started with the interactive table that contains a selection of these data for all counties and states.

Visual Analysis of Per Capita Personal Income Patterns
The following map shows changing patterns of economic prosperity, U.S. by county, based on percent change in per capita personal income, 2010 to 2017. Create variations of this view — this view uses a layer in the “US1.GIS” GIS project installed by default with all versions of the CV XE GIS software.
– click graphic for larger view.
– view developed with CV XE GIS software.

Measuring the economy and change. One important part of this is Personal Income and components of change. Personal income is the income available to persons for consumption expenditures, taxes, interest payments, transfer payments to governments and the rest of the world, or for saving. Use the interactive table to examine characteristics of counties and regions of interest; how they rank and compare. The table provides access to 31 personal income related summary measures — the interactive table shows data for one of eight related subject matter groups. See more about the scope of subject matter descriptions.

Assessing How the Economy is Changing and How it Compares
The U.S. Per Capita Personal income (PCPI) increased from $40,545 in 2010 to $51,640 in 2017 — a change of $11,095 (27.4%). Compare the U.S. PCPI (or for any area) to a state or county of interest using the table. For example, Harris County, TX (Houston) .. click the Find GeoID button below the table .. increased from $45,783 in 2010 to $53,188 in 2017 — a change of $7,405 (16.2%).

Economic Profile; 2010-2017 & Change — An Example
The following graphic shows and example of the economic profile for Harris County, TX (Houston). Access a similar profile for any county or state.

Data Analytics Web Sessions
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.

Insights into County/Metro Business Establishment Patterns

.. new data, released this past week, enable us to better assess county and metro business establishment patterns .. these data help businesses understand how sales of their products and services align with markets .. what counties might be underserved? .. where should marketing and sales operations be ramped up or reduced in scope/reallocated? .. what do these tell us us about organization of market territories? how are these characteristics trending by county? Use the this interactive table to examine business establishments characteristics by county and metro by type of business. See more detail in the related Web section about topics covered in this post. 

• U.S. establishments rose 1.2% from 7,663,938 in 2015 to 7,759,807 in 2016.
• First quarter employment was up 2.1% from 124,085,947 to 126,752,238
• Annual payroll was up 2.9% from $6.3 trillion in 2015 to $6.4 trillion in 2016.

Based on the 2016 data (new April 2018), there are 7.3 million establishments in Metropolitan Statistical Areas (MSAs). In these MSAs ..
• 5.3 million establishments have fewer than 10 employees.
• 6,522 of these establishments have 1,000 or more employees.
• 374 of these establishments have 5,000 or more employees.

MSAs by Number of Establishments with 1,000 or more Employees
The following graphic shows Metropolitan Statistical Areas (MSAs) by number of establishments with 1,000 or more employees. Click graphic for larger view view showing metros labeled with number of these establishments. Expand brower to full window for best quality view.
.. View developed with CV XE GIS software and related GIS project.

Business Establishment Characteristics Updated in Metro Reports
Examine 2014, 2015, 2016 mini trend profiles for establishments by 2-digit sector in Metro Situation & Outlook Reports Choose any MSA by clicking column 3 in this table .. then view section 6.3. Examples:
New York .. Los Angeles .. Miami .. Chicago .. Dallas .. Houston .. Denver .. Seattle

Gaining Insights
Gain insights into these types of patterns by county by detailed type of business (NAICS). Use the interactive table below to examine business establishment characteristics for counties and metros of interest. Data reviewed in this section are based on the Census-sourced County Business Patterns released in April 2018. We have integrated current population estimates with the establishment data in the interactive table.

Tools You Can Use
• create maps and geospatially analyze business establishments at 6-digit industry detail with ready-to-use GIS project/tools .. see related section for details.
• Use the APIGateway tools to build custom business establishment datasets.
• Use the interactive table to query/view sort business establishment characteristics by county and metro.

Data Analytics Web Sessions
Join me in a Data Analytics Web Session, every Tuesday, where we review access to and use of data, tools and methods relating to GeoStatistical Data Analytics Learning. We review current topical issues and data — and how you can access/use tools/data to meet your needs/interests.

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.

Tools to Analyze County Demographic-Economic Characteristics

.. demographic-economic characteristics of counties are essential for business development, market analysis, planning, economic development, program management and general awareness of patterns and trends. This section provides access to data and tools to examine these data for all counties in the U.S. This annual update includes geographic area characteristics based on ACS 2015 data.  The tools/data are organized into four related sections summarized below.

1. General Demographics
View interactive table at http://proximityone.com/us155dp1.htm
Patterns of School Age Population by County
Use GIS tools to visually examine county general demographics as illustrated below. The following view shows patterns of percent population ages 5 to 17 years of age by county — item D001-D004-D018 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

2. Social Characteristics
View interactive table at http://proximityone.com/us155dp2.htm 
Patterns of Educational Attainment by County
– percent college graduate
Use GIS tools to visually examine county social characteristics as illustrated below. The following view shows patterns of percent college graduate by county — item S067 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

3. Economic Characteristics
View interactive table at http://proximityone.com/us155dp3.htm 
Patterns of Median Household Income by County
Use GIS tools to visually examine county economic characteristics as illustrated below. The following view shows patterns median household income by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

4. Housing Characteristics
View interactive table at http://proximityone.com/us155dp4.htm 
Patterns of Median Housing Value by County
Use GIS tools to visually examine county housing characteristics as illustrated below. The following view shows patterns median housing value by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

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.

ZIP Codes with Highest & Lowest Economic Prosperity

.. the latest data for ZIP Code Areas show that eleven had a median household income of $250,000 or more during the period 2011-15. More than 20 ZIP code areas had a median housing value of $2,000,000 or more. Contrast these ZIP code areas with higher economic prosperity with the more than 150 ZIP codes that had a median housing value of less than $30,000.  Use the interactive table in this related Web section to see which ZIPs meet these and other criteria.

ZIP Codes with MHI $100,000 or More; Dallas, TX Metro
Analyzing economic prosperity patterns using combined types of small area geography … the following graphic shows ZIP code areas a red markers with the median household income or $100,000 or more in context of median household income by census tract thematic pattern. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view for your areas of interest. .

– view developed with CV XE GIS software.

This section reviews measures of economic prosperity for all ZIP code areas. These data were released in December 2016. This section updates with new data December 2017. See the list of all ZIP ccdes showing population, housing and economic characteristics in the interactive table shown below. Use the interactive table to view, rank, compare and query ZIP code attributes.

Examining demographic-economic characteristics by ZIP code is important for several reasons. We are familiar with our own ZIP codes as a geographic location. We tend to be interested in our area compared to other areas. ZIP codes provide an easy way to do that. Also, many secondary data resources are tabulated by ZIP code area; some important data are only available by ZIP code. See more about ZIP Code areas.

Resources & Methods to Examine Small Area Demographics
• See related ZIP Code Demographic-Economic Interactive Tables
  .. extended subject matter
• See related Census Tract Code Demographic-Economic Interactive Tables
• Examine ZIP Code Urban/Rural Characteristics
• Examine ZIP Code Business Establishment patterns
• Examine ZIP Code Housing Price Index patterns
• Join us in the weekly Data Analytics Lab Sessions
  .. reviewing applications using these and related data.

ZIP Code Areas with $MHI $100,000 or More
The following graphic shows ZIP code areas as red markers having median household income or $100,000 or more. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view; integrate other data; select alternative ACS 2015 subject matter.

– view developed with CV XE GIS software. Click graphic for larger view.

ZIP Code Areas with $MHV Less than $30,000
The following graphic shows ZIP code areas as orange markers having median housing value of less than $30,000. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view; integrate other data; select alternative ACS 2015 subject matter.

– view developed with CV XE GIS software. Click graphic for larger view.

ZIP Code Areas: Population & Economic Prosperity
  — Interactive Table –
Use the interactive table to view, rank, compare, query ZIP codes based on a selection of demographic-economic measures. The following graphic illustrates how the table can be used to examine patterns of the three digit ZIP code area (San Diego) by 5-digit ZIP code. Table operations are used to select ZIP codes in the 921 3-digit area (containing 39 5-digit ZIP codes). These 39 ZIP code are then ranked in descending order on median household income. See results in the table shown below. ZIP code 92145 has the highest $MHI in this group with $228.036.

– click graphic for larger view.

Try it yourself. Use the table to examine a set of ZIP codes on your selected criteria in for a state/area of interest.

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.

Regional Economic Information System: Annual Updates

.. which counties are experiencing the fastest economic growth? by what economic component? what does this look like on a per capita level?

.. access & analyze economic characteristics and patterns by county and state .. annual time series 1969 through 2015 with projections.  Personal income is the income available to persons for consumption expenditures, taxes, interest payments, transfer payments to governments and the rest of the world, or for saving. Use the interactive table to examine characteristics of counties and regions of interest. The table provides access to 31 personal income related summary measures. These data are a selection of a broader set of annual time series data from the Regional Economic Information System (REIS). REIS is a part of the ProximityOne State & Regional Income & Product Accounts (SRIPA) and Situation & Outlook (S&O) featuring current (2016) estimates and demographic-economic projections. Go to table.

Visual Analysis of Per Capita Personal Income Patterns
The following map shows the Houston metro (view profile) with bold brown boundary. Counties are labeled with county name and 2014 per capita personal income.

Click graphic for larger view. View developed with CV XE GIS software.

Per Capita Personal Income Change 2008-2014 by County
.. relative to U.S 2008-2014 change

Click graphic for larger view. View developed with CV XE GIS software.

Interactive Analysis – County or State Profiles
The following graphic illustrate use of the interactive table to view an economic profile for Harris County, TX. Use the table to examine characteristics of any county or state. Click graphic for larger view.

Interactive Analysis
– comparing per capita personal income across counties
The next graphics illustrates use of the interactive table to rank/compare per capita personal income across counties. Rank/compare states. Choose any of the economic profile items. Click graphic for larger view.

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.