Real Median Household Income in the United States
This dataset tracks real median household income in the united states over time.
Latest Value
80610.00
Year-over-Year Change
22.60%
Date Range
1/1/1984 - 1/1/2023
Summary
Real median household income tracks the inflation-adjusted earnings of typical U.S. households. This metric provides crucial insights into economic well-being and standard of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The indicator measures the midpoint of household income after adjusting for inflation. It reflects economic opportunity and income distribution across the United States.
Methodology
Data collected through U.S. Census Bureau annual surveys and adjusted using consumer price index.
Historical Context
Used by policymakers to assess economic health and potential inequality interventions.
Key Facts
- Reflects actual purchasing power of households
- Adjusted annually for inflation
- Represents middle-income economic experience
FAQs
Q: How is real median household income calculated?
A: It's the midpoint of household incomes, adjusted for inflation using the Consumer Price Index.
Q: Why is median income important?
A: It provides a more accurate representation of typical household economic conditions than average income.
Q: How often is this data updated?
A: The U.S. Census Bureau typically updates this data annually.
Q: Does median income include all household members?
A: Yes, it includes income from all household members over 15 years old.
Q: Can median income vary by region?
A: Yes, median income can significantly differ across states and metropolitan areas.
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Citation
U.S. Federal Reserve, Real Median Household Income (MEHOINUSA672N), retrieved from FRED.