Tuesday, September 16, 2014

Median Household Income in 2013

The $51,939 median household income of 2013 was not significantly different from the $51,758 of 2012, after adjusting for inflation. This is the second year in a row of no significant change in median household income, according to the Census Bureau, following two years of decline.

Median household income in 2013 was 8.0 percent below the median of 2007 (the Great Recession officially began in December 2007), after adjusting for inflation. But 2007 was nothing special as far as median household income is concerned because the median had peaked years before that—all the way back in 1999 at $56,895. Median household income in 2013 was 8.7 percent below that all-time high.

Median household income, 1999 to 2013 (in 2013 dollars)
2013: $51,939
2012: $51,758
2011: $51,842
2010: $52,646
2009: $54,059
2008: $54,423
2007: $56,436
1999: $56,895 (all-time high)

Source: Census Bureau, Income and Poverty in the United States: 2013

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