Median Household Income Over Time

On this page is the united states average household income by year and median household income by year between 1968 and 2020.

Median household income over time. You ll also find the top 1 household income by year between 1996 and 2020 plus the top 5 and 10 for the full range. Median household income between 2017 and 2018 increased for all households across all major race and hispanic origin groups. Median household income by state. Median household income ranged from 87 243 for asian households up 2 1 to 41 511 for black households up 1 5.

At the time of the redesign. Real median household income reached 63 688 in january 2019 an increase of 171 or 0 3 over one month december 2018. Household data are collected as of march. As stated in the census s source and accuracy of estimates for income poverty and health insurance coverage in the united states.

Estimation of median incomes. Median us household income through 2018 u s. Even in 2017 the overall price to income ratio in the midwest was 2 9 relative to a ratio of 4 2 averaged across the other three regions. Growth in median income has slowed over recent years to an average of 0 4 per year between financial year april to march ending fye 2017 and fye 2019.

Years of school completed households with householder 25 years old and over by median and mean income table h 15. 1984 to 2018 households as of march of the following year. This contrasts with the four years leading up to fye 2017 where median income increased by 3 0 per year between fye 2013 and fye 2017. A redesign of income questionsby the census bureau in 2014 is estimated to have given a boost of about 3 to median household income in the u s.

Middle income americans are adults whose annual household income is two thirds to double the national median after incomes have been adjusted for household size. Many researchers argue that growth in median household incomes provides a better measure of how people s well being has changed over time. I ve also included a household income by year calculator for you to compare household income centile rank for each year in the set. The census bureau has changed the methodology for computing median income over time.

Looking at the growth rate over time we find that while median home prices increased by 82 in the midwest since the 1960s median household income increased by 29 since the 1960s. Total money income per household member by race and hispanic origin of householder.