Median household income

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The median household income is commonly used to provide data about geographic areas and divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.[1] The median income is considered by many statisticians to be a better indicator than the average household income as it is not dramatically affected by unusually high or low values."[2]

   
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"Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income."[1]
-US Census Bureau, Frequently Asked Question, published by First Gov.
   
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[edit] See also

Demographics of the United States Image:Census Bureau seal.jpg
Demographics of the United States • Demographic history
Economic - Social

Educational attainment • Household income • Homeownership • Immigration • Income quintiles • Language • Middle classes • Personal income • Poverty • Religion • Social structure • Unemployment by state • Wealth
Race - Ethnicity - Ancestry
Race • Ethnicity on the US Census • Maps of American ancestries • 2000 Census • Race on the US Census • Racism
Asian Americans • African Americans • Mexican Americans • Native Americans • Pacific Islander American
White Americans • Caucasian Americans • European Americans • Middle Eastern Americans

[edit] References

  1. ^ a b US Government, the different between mean and median. Retrieved on 2006-06-29.
  2. ^ US Census Bureau on the nature the median in determining wealth. Retrieved on 2006-06-29.

[edit] Related Links

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