Income By Quintile Historical
This month the census bureau released its annual report on household income data for 2019.
Income by quintile historical. Estimated percentage of aggregate household income by quintile e g in 2013 2017 households with incomes in the highest quintile 80th percentile and above earned 52 1 of all household income in california. Income limits for each fifth and top 5 percent all races 1 0 mb white 1 0 mb white not hispanic 1 0 mb black. The top 5 of families who are part of the highest quintile fared even better their income increased at the. The lowest quintile for example contains the 20 of households with the lowest income.
According to the cbo in 2015 average household income before accounting for means tested transfers and federal taxes was 20 000 for the lowest quintile and 292 000 for the highest quintile. Household income is the total income of the household before tax national insurance and other deductions. Last year the median middle average household income rose to 68 703. Download income quintiles pdf 17 78 kb download income quintiles xlsx 73 38 kb.
Let s take a closer look at the quintile averages which dates from 1967 along with the statistics for the top 5. After transfers and taxes those averages were 33 000 and 215 000 in other words the lowest quintile s average household income rose by.