Graph and download economic data for Real Median Household Income in Massachusetts (MEHOINUSMAA672N) from 1984 to 2023 about MA, households, median, income, real, and USA.

In 2023, the real median household income in the state of Alabama was 60,660 U.S. dollars. The state with the highest median household income was Massachusetts, which was 106,500 U.S. dollars in 2023. The average median household income in the United States was at 80,610 U.S. dollars.

The U.S. Census Bureau provides annual estimates of income and poverty statistics for all school districts, counties, and states through the Small Area Income and Poverty Estimates (https://www.census.gov/programs-surveys/saipe/about.html) (SAIPE) program. The bureau's main objective with this program is to provide estimates of income and poverty for the administration of federal programs and the allocation of federal funds to local jurisdictions. In addition to these federal programs, state and local programs use the income and poverty estimates for distributing funds and managing programs.

Median adjusted gross income from aggregated state IRS data is one of the data sources used in producing SAIPE program estimates, defined as the middle value of the aggregate adjusted gross income. These data may not match data from other sources due to differences in definitions, since the SAIPE program only uses tax returns for the relevant income year (IRS/SOI include all tax returns filed in a calendar year in their tabulations, regardless of the reference income year).

See more details about SAIPE Model Input Data (https://www.census.gov/data/datasets/time-series/demo/saipe/model-tables.html).

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.

MA: Net Investment in Nonfinancial Assets: % of GDP data was reported at 4.460 % in 2011. This records an increase from the previous number of 3.958 % for 2010. MA: Net Investment in Nonfinancial Assets: % of GDP data is updated yearly, averaging 5.157 % from Dec 1972 (Median) to 2011, with 37 observations. The data reached an all-time high of 19.314 % in 1977 and a record low of 1.429 % in 1997. MA: Net Investment in Nonfinancial Assets: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Government Revenue, Expenditure and Finance. Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

In 2022, San Francisco had the highest median household income of cities ranking within the top 25 in terms of population, with a median household income in of 136,692 U.S. dollars. In that year, San Jose in California was ranked second, and Seattle, Washington third.

Following a fall after the great recession, median household income in the United States has been increasing in recent years. As of 2022, median household income by state was highest in Maryland, Washington, D.C., Utah, and Massachusetts. It was lowest in Mississippi, West Virginia, and Arkansas. Families with an annual income of 25,000 and 49,999 U.S. dollars made up the largest income bracket in America, with about 25.26 million households.

Data on median household income can be compared to statistics on personal income in the U.S. released by the Bureau of Economic Analysis. Personal income rose to around 21.8 trillion U.S. dollars in 2022, the highest value recorded. Personal income is a measure of the total income received by persons from all sources, while median household income is “the amount with divides the income distribution into two equal groups,” according to the U.S. Census Bureau. Half of the population in question lives above median income and half lives below. Though total personal income has increased in recent years, this wealth is not distributed throughout the population. In practical terms, income of most households has decreased. One additional statistic illustrates this disparity: for the lowest quintile of workers, mean household income has remained more or less steady for the past decade at about 13 to 16 thousand constant U.S. dollars annually. Meanwhile, income for the top five percent of workers has actually risen from about 285,000 U.S. dollars in 1990 to about 499,900 U.S. dollars in 2020.

MA: Net Acquisition of Financial Assets: % of GDP data was reported at 2.530 % in 2011. This records an increase from the previous number of 1.750 % for 2010. MA: Net Acquisition of Financial Assets: % of GDP data is updated yearly, averaging 0.145 % from Dec 1990 (Median) to 2011, with 18 observations. The data reached an all-time high of 2.859 % in 2009 and a record low of -4.037 % in 2002. MA: Net Acquisition of Financial Assets: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Government Revenue, Expenditure and Finance. Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

Morocco MA: External Debt: Stocks: % of GNI data was reported at 46.461 % in 2017. This records an increase from the previous number of 45.558 % for 2016. Morocco MA: External Debt: Stocks: % of GNI data is updated yearly, averaging 47.631 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 111.909 % in 1985 and a record low of 19.841 % in 1974. Morocco MA: External Debt: Stocks: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank, International Debt Statistics.; Weighted average;