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Estimated Mean Real Household Wages Adjusted by Cost of Living for Richmond city, VA (MWACL51760)

Observations

2023: 29.80
Updated: Dec 12, 2024 8:47 PM CST
2023:  29.80  
2022:  27.51  
2021:  26.64  
2020:  .  
2019:  30.71  

Units:

1999 U.S. Dollars,
Not Seasonally Adjusted

Frequency:

Annual

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Notes

Title Release Dates
Mean Real Wages Adjusted by Cost of Living for Richmond city, VA 2017-12-07 2020-01-31
Estimated Mean Real Household Wages Adjusted by Cost of Living for Richmond city, VA 2020-02-01 2024-12-12
 
Source    
U.S. Census Bureau 2017-12-07 2018-11-14
Federal Reserve Bank of St. Louis 2017-12-07 2018-11-14
U.S. Census Bureau 2018-11-15 2020-01-31
Federal Reserve Bank of St. Louis 2018-11-15 2020-01-31
U.S. Census Bureau 2020-02-01 2021-01-31
Federal Reserve Bank of St. Louis 2020-02-01 2021-01-31
U.S. Census Bureau 2021-02-01 2024-12-12
Federal Reserve Bank of St. Louis 2021-02-01 2024-12-12
 
Release    
Mean Household Wages Adjusted by Cost of Living 2017-12-07 2024-12-12
 
Units    
1999 U.S. Dollars 2017-12-07 2024-12-12
 
Frequency    
Annual 2017-12-07 2024-12-12
 
Seasonal Adjustment    
Not Seasonally Adjusted 2017-12-07 2024-12-12
 
Notes    
Mean household wages in real U.S. Dollars from the American Community Survey adjusted for cost of living using regional price parities from the U.S. Bureau of Economic Analysis' Real Personal Income for States and Metropolitan Areas.

2017-12-07 2018-11-14
Mean household wages in real U.S. Dollars from the American Community Survey 1-year estimates adjusted for cost of living using regional price parities (RPP) from the U.S. Bureau of Economic Analysis' Real Personal Income for States and Metropolitan Areas.

ACS 1-year estimates are not available for all geographic areas. If a county is not included in the 1-year estimates for a given year, the series will not revise or there will be a missing observation. See the Areas Published (https://www.census.gov/programs-surveys/acs/geography-acs/areas-published.html) for more details about the geographies included in the ACS 1-year estimates.

The RPP used to calculate this series is VANMPRPPALL (https://fred.stlouisfed.org/series/VANMPRPPALL). If the RPP for the region is zero or missing for a given year, the series will not revise or there will be a missing observation.

2018-11-15 2020-01-31
The observation for 2020 is missing because the U.S. Census Bureau released experimental estimates (https://www.census.gov/programs-surveys/acs/data/experimental-data.html) instead of the standard 1-year data products for the 2020 American Community Survey (ACS). There was no 2020 experimental data provided for the American Community Survey (ACS) 1-year variable S1901_C01_013E.

Mean household income, American Community Survey (ACS) 1-year variable S1901_C01_013E, is adjusted by CPI (https://fred.stlouisfed.org/series/CPIAUCSL) where the price index is re-based to 1999 dollars. Then the series is adjusted for cost of living using regional price parities (RPP) from the U.S. Bureau of Economic Analysis' Real Personal Income for States and Metropolitan Areas (https://fred.stlouisfed.org/release?rid=403&soid=18). Finally to approximate the wage, the series is divided by (52 * 40), which assumes there are 52 weeks in a year and 40 work hours in a week. Note that household income can include additional sources of income beyond wages. See page 83 in the ACS's Subject Definitions (https://www2.census.gov/programs-surveys/acs/tech_docs/subject_definitions/2019_ACSSubjectDefinitions.pdf) for more information.

ACS 1-year estimates are not available for all geographic areas. If a county is not included in the 1-year estimates for a given year, the series will not revise or there will be a missing observation. See the Areas Published (https://www.census.gov/programs-surveys/acs/geography-acs/areas-published.html) for more details about the geographies included in the ACS 1-year estimates.

The RPP used to calculate this series is VANMPRPPALL (https://fred.stlouisfed.org/series/VANMPRPPALL). If the RPP for the region is zero or missing for a given year, the series will not revise or there will be a missing observation.

2020-02-01 2024-12-12

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Richmond City, VA Richmond Adjusted Virginia Average Wages American Community Survey St. Louis Fed Real Census County or County Equivalent Annual Public Domain: Citation Requested United States of America Not Seasonally Adjusted