About this dataset

Context

The dataset illustrates the median household income in Seattle, 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 Seattle increased by $32,064 (39.17%), 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 10 years and declined for 1 years.

https://i.neilsberg.com/ch/seattle-wa-median-household-income-trend.jpeg" alt="Seattle, 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 Seattle median household income. You can refer the same here

This data is a portion of a larger dataset, composed by over 120 million data points, collected by Starsift LLC for the Grocerybear Project (www.grocerybear.com) every day between January 2017 and May 2018 for over 50,000 unique items in about 750 commercial categories for eleven US cities: Boise, Honolulu, Houston, Las Vegas, Los Angeles, Orlando, Phoenix, Portland, San Francisco, Seattle, and Washington DC. This dataset is composed by 5 csv files, one for each CPI-U Entry Level Item disclosed: Apples, Bread, Butter, Cigarettes, and Coffee. Each file presents the following columns: Year, Month, Product name, Product code, City, Store Chain, Average price in the month. Store chains have been anonymized. This project also includes an R file to calculate sub-national consumer price indexes using the Time-interaction-Region Product Dummy (TiRPD) model.