A14024. Per Capita Income in the Past 12 Months (In 2007 Inflation-Adjusted Dollars) [1] - Social Explorer Tables: ACS 2007 (1-Year Estimates) (SE) - ACS 2007 (1-Year Estimates)

Data Dictionary:

ACS 2007 (1-Year Estimates)

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Survey: ACS 2007 (1-Year Estimates)

Data Source:

Social Explorer; U.S. Census Bureau

Data set: Social Explorer Tables: ACS 2007 (1-Year Estimates) (SE)

Table:

A14024. Per Capita Income in the Past 12 Months (In 2007 Inflation-Adjusted Dollars) [1]

Universe: Total Population

Table Details

A14024.

Per Capita Income in the Past 12 Months (In 2007 Inflation-Adjusted Dollars)

Universe: Total Population

Variable	Label
A14024_001	Per capita income (In 2007 Inflation Adjusted Dollars)

Relevant Documentation:

Excerpt from:	Social Explorer; U.S. Census Bureau; American Community Survey 2007 Summary File: Technical Documentation.
	ACS 2007-1yr Summary File: Technical Documentation -> Appendix B. Subject Definitions -> Population Variables -> Income in the Past 12 Months -> Per Capita Income

Per Capita Income

Per capita income is the mean income computed for every man, woman, and child in a particular group including those living in group quarters. It is derived by dividing the aggregate income of a particular group by the total population in that group. (The aggregate used to calculate per capita income is rounded. For more information, see "Aggregate" under "Derived Measures.") Per capita income is rounded to the nearest whole dollar. (For more information on means, see "Derived Measures.")

Excerpt from:	Social Explorer; U.S. Census Bureau; American Community Survey 2007 Summary File: Technical Documentation.
	ACS 2007-1yr Summary File: Technical Documentation -> Appendix B. Subject Definitions -> Population Variables -> Income in the Past 12 Months -> Adjusting Income for Inflation

Adjusting Income for Inflation

Income components were reported for the 12 months preceding the interview month. Monthly Consumer Price Indices (CPI) factors were used to inflation-adjust these components to a reference calendar year (January through December). For example, a household interviewed in March 2007 reports their income for March 2007 through February 2007. Their income is adjusted to the 2007 reference calendar year by multiplying their reported income by 2007 average annual CPI (January-December 2007) and then dividing by the average CPI for March 2006-February2007.
In order to inflate income amounts from previous years, the dollar values on individual records are inflated to the latest years dollar values by multiplying by a factor equal to the average annual CPI-U-RS factor for the current year, divided by the average annual CPI-U-RS factor for the earlier/earliest year.