Graph and download economic data for Average Weekly Earnings, First Class Railroad Employees, Unskilled Labor for United States (M08045USM052NNBR) from Jul 1921 to Jun 1943 about railroad, earnings, labor, employment, and USA.

Compared to the mid-20th century, wage increases in the United States' industrial sector did not change as drastically over the preceding 150 years. Industrial wages in the 1800s peaked in the final year of the American Civil War in 1865, and they were double the value of wages in 1830; yet wages did not exceed this value until the following century. Throughout the 1900s, however, the increase was much more pronounced; between 1943 and 1955 alone, industrial wages doubled, and quadrupled by 1972. In fact, wages in 1985 were over five times higher than they were in 1955, and ten times higher than in 1943. The only times during the 20th century when industrial wages fell was during the post-WWI recession in 1921, and again during the Great Depression in the 1930s.

About this dataset

Context

The dataset illustrates the median household income in Garfield, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Garfield decreased by $1,943 (3.20%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/garfield-wa-median-household-income-trend.jpeg" alt="Garfield, WA median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Garfield median household income. You can refer the same here

Graph and download economic data for Wage and salary accruals per full-time equivalent employee: Domestic industries: Federal general government: Work relief (B4496C0A052NBEA) from 1933 to 1943 about accruals, social assistance, full-time, salaries, domestic, federal, wages, government, employment, industry, GDP, and USA.