Median Household facts
While investigating facts about Median Household Income and Median Household Income By State, I found out little known, but curios details like:
Indian American have the top median household income of in America at $101,591, followed by Taiwanese Americans at $85,566 (on the other hand, Native Americans have a median household income of $37,227).
how median household income is calculated?
Owsley County, Kentucky, a county that is among the poorest in the United States. Median household income of $19,146, 45% of the population lives below poverty line.
What's median household income?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what does median household income mean. Here are 18 of the best facts about Median Household Income 2019 and Median Household Income By Year I managed to collect.
what median household income mean?
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The poorest place in the USA has median age around 12 and average household size of about 6.
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While the Median Household Income has gone up (blue line) it's actual equivalent buying power (purple line) has stayed the same since 1965.
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Even though the technical recession ended in 2009, median household income did not bottom out until 2012.
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The median American household makes almost 150% of what the median British household mkes
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Despite being infamous for its cost-of-living, the median household income in NYC was $50,711 in 2010-2012, less than the national median of $51,842 in 2011 according to the BLS
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Muniz, TX, a town with the second-lowest median household income in the United States, got their city’s first street lights in 2013.
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The median net worth of black households in Boston is $8. (by comparison, for white households, it's $247,500)
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The median household wealth of a black family in America in 2013 was $11,000. For a white family, the number was $141,000.
Median Household data charts
For your convenience take a look at Median Household figures with stats and charts presented as graphic.
Why is median household income so low?
You can easily fact check why use median household income by examining the linked well-known sources.
In the 10 years that followed the discovery of oil in Williston, North Dakota, it experienced a 48.1% increase in population. During that same period, median household income increased from $29,962 to $72,178 and median house/condo values went from $56,600 to $147,791.
The highest ever inflation-adjusted (real) Median Household Income in the US was in 1999 - source
Since 2000, the median household income has increased only $2,155.00 or 3.9%, while the median cost for a new home has increased $148,488 or 91.5%.
When is the median age?
The median African-American household earns $38,705/year, thousands more than the average German, British, French, and Japanese households.
Median household infographics
Beautiful visual representation of Median Household numbers and stats to get perspecive of the whole story.
Median US Household Income by County (2015)
