Monday, December 03, 2018

Median Household Income Stable in October 2018

Median household income in October 2018 stood at $63,220, reports Sentier Research, unchanged from September after adjusting for inflation. The September and October medians are the highest recorded by Sentier since the January 2000 start of its monthly household income series. The October 2018 median was 2.6 percent higher than the October 2017 median, after adjusting for inflation. Sentier's estimates are derived from the Census Bureau's Current Population Survey and track the economic wellbeing of households on a monthly basis. 

"We are at a point now where real median household income is 3.7 percent higher than January 2000, the beginning of this statistical series," reports Sentier's Gordon Green. "Not an impressive performance by any means over a period spanning almost two decades, but the trend line has been positive for about seven years." More impressive is the 14.8 percent rise in median household income since the post-Great Recession low reached in June 2011—two years after the official end of the Great Recession.

Sentier's Household Income Index in October 2018 was 103.7 (January 2000 = 100.0). To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: October 2018

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