What is the median household income in the US?

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What is the median household income in the US?

Postby squirm » Sun Feb 19, 2012 6:15 pm

I've seen a few surveys that indicate around $49K or so for household income. What is a "household income" and is that before or after taxes? How do you find the median income for your state? One other point, notice I said median not average, as imo, average will skew the results due very high income earners.
Last edited by squirm on Sun Feb 19, 2012 6:21 pm, edited 1 time in total.
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Re: What is the median household income for the US?

Postby CordMcNally » Sun Feb 19, 2012 6:20 pm

Virtually every income number that you see listed anywhere is always before taxes. There are usually two different reported numbers if you're looking at a particular city: household income and family income. They're both measuring exactly what they say there are...household is measuring everyone's income who lives in the house regardless of relationship to each other and family income is measuring a family's income.
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Re: What is the median household income in the US?

Postby Sheepdog » Sun Feb 19, 2012 6:22 pm

US Census Bureau has median income by state http://www.census.gov/hhes/www/income/data/statemedian/
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Re: What is the median household income in the US?

Postby ourbrooks » Sun Feb 19, 2012 6:25 pm

Here's the Census bureau definition:

http://www.hud.gov/offices/cpd/affordablehousing/training/web/calculator/definitions/census.cfm

Note that it includes what government giveth - Social Security and other kinds of government assistance.
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