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Real Median Household Income in Nevada (MEHOINUSNVA672N)

2023: 81,310
Updated: Sep 11, 2024 9:45 AM CDT
2023:  81,310  
2022:  75,200  
2021:  72,050  
2020:  71,550  
2019:  83,820  

Units:

2023 C-CPI-U Dollars,
Not Seasonally Adjusted

Frequency:

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Bar 1 - Real Median Household Income in Nevada Vintage: 2023-09-12
Bar 1
(a) Real Median Household Income in Nevada, 2022 CPI-U-RS Adjusted Dollars, Not Seasonally Adjusted (MEHOINUSNVA672N)
Household data are collected as of March. Consumer Price Index research series using current methods (CPI-U-RS) presents an estimate of the CPI for all Urban Consumers (CPI-U) that incorporates most of the improvements made over that time span into the entire series. More information can be found at https://www.bls.gov/cpi/research-series/home.htm. As stated in the Census's "Source and Accuracy of Estimates for Income, Poverty, and Health Insurance Coverage in the United States: 2011" (http://www.census.gov/hhes/www/p60_243sa.pdf): Estimation of Median Incomes. The Census Bureau has changed the methodology for computing median income over time. The Census Bureau has computed medians using either Pareto interpolation or linear interpolation. Currently, we are using linear interpolation to estimate all medians. Pareto interpolation assumes a decreasing density of population within an income interval, whereas linear interpolation assumes a constant density of population within an income interval. The Census Bureau calculated estimates of median income and associated standard errors for 1979 through 1987 using Pareto interpolation if the estimate was larger than $20,000 for people or $40,000 for families and households. This is because the width of the income interval containing the estimate is greater than $2,500. We calculated estimates of median income and associated standard errors for 1976, 1977, and 1978 using Pareto interpolation if the estimate was larger than $12,000 for people or $18,000 for families and households. This is because the width of the income interval containing the estimate is greater than $1,000. All other estimates of median income and associated standard errors for 1976 through 2011 (2012 ASEC) and almost all of the estimates of median income and associated standard errors for 1975 and earlier were calculated using linear interpolation. Thus, use caution when comparing median incomes above $12,000 for people or $18,000 for families and households for different years. Median incomes below those levels are more comparable from year to year since they have always been calculated using linear interpolation. For an indication of the comparability of medians calculated using Pareto interpolation with medians calculated using linear interpolation, see Series P-60, Number 114, Money Income in 1976 of Families and Persons in the United States (www2.census.gov/prod2/popscan/p60-114.pdf).

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    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

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    Bar 1 - Real Median Household Income in Nevada Vintage: 2023-09-12
    Bar 2
    (a) Real Median Household Income in Nevada, 2023 C-CPI-U Dollars, Not Seasonally Adjusted (MEHOINUSNVA672N)
    Income in 2023 C-CPI-U (2000-2023) and R-CPI-U-RS (pre-2000) adjusted dollars.

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Bar 1
      Real Median Household Income in Nevada Vintage: 2023-09-12
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      Bar 2
      Real Median Household Income in Nevada Vintage: 2024-09-10
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      Notes

      Title Release Dates

      2012-09-24 2024-09-10
       
      Source    

      2012-09-24 2024-09-10
       
      Release    

      2012-09-24 2014-09-15
      2014-09-16 2024-09-10
       
      Units    

      2012-09-24 2013-09-16
      2013-09-17 2014-09-15
      2014-09-16 2015-09-15
      2015-09-16 2016-09-12
      2016-09-13 2017-09-11
      2017-09-12 2018-09-11
      2018-09-12 2019-09-09
      2019-09-10 2020-09-14
      2020-09-15 2021-09-13
      2021-09-14 2022-09-12
      2022-09-13 2023-09-11
      2023-09-12 2024-09-09
      2024-09-10 2024-09-10
       
      Frequency    

      2012-09-24 2024-09-10
       
      Seasonal Adjustment    

      2012-09-24 2024-09-10
       
      Notes    

      2012-09-24 2018-09-11
      2018-09-12 2024-09-09
      2024-09-10 2024-09-10

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      Income and Poverty in the United States

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