Median household income in March 2017 stood at $58,673, according to Sentier Research—not significantly different from the February 2017 median or the March 2016 median, after adjusting for inflation.
"Median annual household income has displayed a somewhat erratic pattern over the past several years," reports Sentier. "More broadly, there has been a general upward trend in median household income since the post-recession low point reached in August 2011." The March 2017 median was 10.3 percent higher than the August 2011 median of $53,176, the low point in Sentier's household income series. Sentier's figures are derived from the Census Bureau's monthly Current Population Survey.
Median household income in March 2017 was 2.9 percent higher than the median of June 2009, which marked the end of the Great Recession. It was 1.1 percent higher than the median of December 2007, the start of the Great Recession. The March 2017 median was just 0.1 percent below the median of January 2000. The Household Income Index in March 2017 was 99.9 (January 2000 = 100.0).
Source: Sentier Research, Household Income Trends: March 2017
No comments:
Post a Comment