Monday, July 08, 2019

Median Household Income Falls Slightly in May 2019

Median household income fell slightly to $63,799 in May 2019. This was $353 lower than the April 2019 median after adjusting for inflation, according to Sentier Research. Sentier's estimates are derived from the Census Bureau's Current Population Survey and track the economic wellbeing of households on a monthly basis.

The May 2019 median was 0.9 percent higher than the May 2018 median, after adjusting for inflation. It was 14.4 percent higher than the post-Great Recession low reached in June 2011 ($55,783)—a bottom hit two years after the official end of the Great Recession.

Sentier's Household Income Index for May 2019 was 103.4 (January 2000 = 100.0). In other words, the May 2019 median, after adjusting for inflation, was just 3.4 percent higher than the median of January 2000—almost two decades ago. "Not an impressive performance by any means," says Green. To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: May 2019

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