Wednesday, April 24, 2013

Household Income Stable in March 2013

Median household income was stable in March 2013, according to the latest monthly update from Sentier Research. The March median of $51,320 was not statistically different from the February median. According to Sentier's Gordon Green, this stability is largely due to a 0.2 percent decline in consumer prices between February and March 2013. 

Median household income in March 2013 was 5.4 percent lower than the median in June 2009, the end of the Great Recession. It was 7.2 percent lower than the median in December 2007, the start of the Great Recession. It was 8.2 percent lower than the median in January 2000. The Household Income Index for March 2013 was 91.8 (January 2000 = 100.0). 

An Excel spreadsheet of the entire household income time series is available from Sentier's web site for $25.00.

Source: Sentier Research, Trends in Household Income: March 2013

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