Labor Market Information: Win-Win Network Community of Practice

Metro Income Adjusted for Inflation and Purchasing Power

Posted by LMI Win-Win Network - On June 24, 2013 (EST)

Metro Income Adjusted for Inflation and Purchasing Power

The U.S. Bureau of Economic Analysis (BEA) has released experimental real (i.e., inflation-adjusted) estimates of personal income for states and metropolitan areas through 2011. The inflation-adjustments are based in part on regional price parities (RPPs) that provide a measure of differences in price levels across each state and region relative to the national price level for each of the years, 2007-2011. When RPPs are applied in conjunction with BEA’s national Personal Consumption Expenditures (PCE) price index, which measures price changes over time, personal income comparisons can be made across regions and time periods. This new series provides the most complete adjustment yet available of purchasing power simultaneously across geographies and across time — albeit on an experimental basis.

These new data are available at Real Personal Income for States and Metropolitan Areas, 2007-2011 (Prototype Estimates).

The most useful data for are likely to be the per capita income estimates, which adjust for population size. See State Real Per Capita Personal Income, 2007-2011 (Table 2, shown in the second tab at the bottom of the spreadsheet), State Metropolitan and Non-metropolitan Portion Real Per Capita Personal Income, 2007-2011 (Supplementary Table 2, shown in the second tab at the bottom of the spreadsheet), and Metropolitan Area Regional Real Per Capita Personal Income, 2009-2011 (Supplementary Table 4, shown in the second tab at the bottom of the spreadsheet). These tables can be found on the right side of the screen under “Tables Only” (for the statewide tables) and “Supplementary Tables” (for the sub-state tables).




  Feedback
Was this resource useful to you?
Yes
No

Information
Modified On : June 24, 2013
Type : Thread
Viewed : 799
In Relation : Compensation and Income


Share
Email to a Friend
Send To (separate by semi-colon)

Personal Message





Tags