Monday, March 24, 2014

Household Income Stable in January 2014

If you hate change, you're going to love the trend in household income. According to an analysis by Sentier Research, median household income was $52,511 in January 2014 and not statistically different from the December 2013 median, after adjusting for inflation. Although median household income has not changed significantly in the past year or so, the January 2014 median was 2.6 percent higher than than the $51,186 of August 2011—the low point in Sentier's household income series. Sentier's median household income estimates are derived from the Census Bureau's monthly Current Population Survey.

Median household income in January 2014 was 4.4 percent below the median of June 2009, the end of the Great Recession. It was 6.1 percent lower than the median in December 2007, the start of the Great Recession. It was 7.3 percent lower than the January 2000 median. 
For more information on household income trends for the nation, states, and metropolitan areas, visit Sentier's web site

Source: Sentier Research, Household Income Trends: January 2014

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