Monday, July 27, 2015

Household Income Stable in June

Household income fell slightly in June 2015, but the decline was not statistically significant. June's median household income stood at $55,132, according to Sentier Research, about the same as the previous month after adjusting for inflation. The June 2015 median was 2.1 percent higher than the June 2014 median and 6.4 percent above the $51,804 median of August 2011, which was the low point in Sentier's household income series. 

"Although median annual household income did not change significantly in June, we continue to see a general upward trend in income since the low-point reached in August 2011," says Sentier's Gordon Green. Sentier's median household income estimates are derived from the Census Bureau's monthly Current Population Survey. 

Median household income in June 2015 was 0.8 percent below the median of June 2009, the end of the Great Recession. It was 2.7 percent below the median of December 2007, the start of the Great Recession. It was 3.8 percent below the median of January 2000. The Household Income Index for June 2015 stood at 96.2 (January 2000 = 100.0).

Source: Sentier ResearchHousehold Income Trends: June 2015

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