Wednesday, September 12, 2018

Median Household Income Now Surpasses $61,000

Median household income climbed to $61,372 in 2017, according to the Census Bureau's Current Population Survey. This is 1.8 percent higher than the 2016 median, after adjusting for inflation. But not all age groups made gains. The youngest adults—householders under age 25—saw their median household income fall by 5.8 percent between 2016 and 2017. Householders aged 25 to 34 struggled to keep up, their median income rising by just 0.1 percent after adjusting for inflation. Here are the 2016–17 changes in median household income by age of householder...

Median household income in 2017 (and % change 2016-17; in 2017 dollars)
Under age 25: $40,093 (–5.8%)
Aged 25 to 34: $62,294 (+0.1%)
Aged 35 to 44: $78,368 (+3.0%)
Aged 45 to 54: $80,671 (+2.3%)
Aged 55 to 64: $68,567 (+2.9%)
Aged 65-plus: $41,125 (+1.1%)

Source: Census Bureau, Income Data Tables

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