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Netherlands USD. New Zealand USD. Norway USD. Oman USD. Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. This statistic shows the median household income in the United States from to The median household income was 67, U. Household income The median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household.
Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In , the median household income was 86, U. Household income is also used to determine the poverty line in the United States.
In , about The child poverty rate , which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from In , it had lowered to The state with the widest gap between the rich and the poor was New York, with a gini coefficient score of 0. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.
Furthermore, it is important to note that the federal poverty threshold as currently measured is widely understood by poverty researchers to be a vastly outdated and inadequate measure of the income needed to make ends meet. This was up from As with income, poverty changes have varied across racial and ethnic groups, with Hispanics and Asians being particularly hard-hit by increases in poverty in Figure 7 shows percentage-point changes in the poverty rate for various racial and ethnic groups in the and periods.
African Americans in particular have seen big increases in poverty this decade; after attaining the lowest poverty rate on record in Hispanic and Asian poverty rates increased by 1.
As with the income declines outlined above, the large increase in Hispanic poverty in compared to earlier this decade is likely related to Hispanic concentration in the construction industry, which has been particularly hard hit this recession due to the bursting of the housing bubble.
Table 1 shows changes over time in poverty rates for particularly vulnerable populations — children, racial and ethnic minority children, and single mother families.
From to , black children experienced a 2. Hispanic children experienced an increase of 2. For the families of single mothers, there was a 4. Many of those living in poverty are children, elderly, or are otherwise not working. Workers experienced an increase in poverty from 5. Looking specifically at full-time, year-round workers, their poverty rate jumped from 2. As mentioned above, the declines in income and increases in poverty in capture only a fraction of what will be the ultimate effect of the current recession.
Based on unemployment projections for the rest of and , along with the dynamic between unemployment,, income, and poverty, we project in Table 2 the changes in income and poverty for and Furthermore, we find that the overall poverty rate will likely increase by 1. Given the increase in poverty from For children, the poverty rate will likely increase by 8.
Account Tools Add to data list Get email notification. Suggested Citation: U. The puzzle of real median household income. More Releases from U. Census Bureau. Are you sure you want to remove this series from the graph? This can not be undone.
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