CFED Localdata

Data Resources

The Assets & Opportunity Local Data Center is a resource for household financial security data at the local level. It provides access to estimates of household wealth and financial access for thousands of cities and counties in America as well as more in-depth data profiles for a growing number of cities.

Data Sources

Data contained in the Local Data Center Mapping Tool and in the more in-depth Local Profiles primarily comes from publically available data sources, but data are also purchased and commissioned from private sources when data are not publically available.

The U.S. Census Bureau is the largest source of data for the Local Data Center – predominantly the American Community Survey access through the American FactFinder, but we also collect data from other federal agencies such as the Bureau of Labor Statistics and state agencies such as state Departments of Education, when applicable. Private data purchased for the Local Profiles include data on credit and debt from TransUnion. The data sources for the measures contained in each Local Profile can be found on pages seven and eight of the reports.

Estimation Methodology

The Local Data Center provides estimates of percentages of unbanked and underbanked households as well as new estimates of household asset poverty and liquid asset poverty for each city, county and metropolitan area in the United States with more 1,000 or more households.

CFED contracted Dr. Jon Haveman of Marin Economic Consulting to develop the local estimates using survey data from the 2011 FDIC National Survey of Unbanked and Underbanked Households and Census Bureau’s Survey of Income and Program Participation (SIPP). These surveys provide estimates of household banking status and household wealth at the national and state levels, and, in the case of the FDIC survey, for the largest metropolitan statistical areas. As these surveys do not have sufficient samples sizes to provide data for smaller geographies, CFED developed this estimation technique. The resulting figures are geographic estimates and are not meant to directly reflect the FDIC or SIPP data. For more information on the methodology and the measures, please read the technical documentation.

While these estimates are CFED’s best efforts to measure outcomes at the local level, the model is based on national surveys of fewer than 50,000 households and caution should be used when interpreting data at a local level.

Assets & Opportunity Scorecard

The data contained in the Local Data Center is modeled after The Assets & Opportunity Scorecard, CFED’s state-level product that provides a comprehensive look at Americans’ financial security today and their opportunities to create a more prosperous future. It assesses the 50 states and the District of Columbia on 135 outcome and policy measures, which describe how well residents are faring and what states can do to help them build and protect assets. These measures are grouped into five issue areas: Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care, and Education.

To see how your state ranks, visit the Scorecard.

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