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.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in United States. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in United States. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in United States, householders within the 45 to 64 years age group have the highest median household income at $94,847, followed by those in the 25 to 44 years age group with an income of $87,575. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,108. Notably, householders within the under 25 years age group, had the lowest median household income at $43,534.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for United States median household income by age. You can refer the same here

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023. Income and wealth in the United States After the economic recession in 2009, income inequality in the U.S. is more prominent across many metropolitan areas. The Northeast region is regarded as one of the wealthiest in the country. Maryland, New Jersey, and Massachusetts were among the states with the highest median household income in 2020. In terms of income by race and ethnicity, the average income of Asian households was 94,903 U.S. dollars in 2020, while the median income for Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates its list of poverty levels. Preliminary estimates show that the average poverty threshold for a family of four people was 26,500 U.S. dollars in 2021, which is around 100 U.S. dollars less than the previous year. There were an estimated 37.9 million people in poverty across the United States in 2021, which was around 11.6 percent of the population. Approximately 19.5 percent of those in poverty were Black, while 8.2 percent were white.

Graph and download economic data for Estimate of Median Household Income for United States (MHIUS00000A052NCEN) from 1989 to 2023 about households, median, income, and USA.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in United States: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 4,740,400(3.72%) households where the householder is under 25 years old, 41,748,013(32.75%) households with a householder aged between 25 and 44 years, 46,534,687(36.50%) households with a householder aged between 45 and 64 years, and 34,459,765(27.03%) households where the householder is over 65 years old.
• In United States, the age group of 45 to 64 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for United States median household income by age. You can refer the same here

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, 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.

Key information about US Household Income per Capita

• United States Annual Household Income per Capita reached 40,722.000 USD in Dec 2023, compared with the previous value of 39,167.917 USD in Dec 2022.
• US Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 21,116.200 USD.
• The data reached an all-time high of 40,722.000 USD in Dec 2023 and a record low of 9,024.615 USD in Dec 1984.
• In the latest reports, Retail Sales of US grew 0.967 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Household Income and Average Household Size. U.S. Bureau of Labor Statistics provides Household Income and Average Household Size.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Michigan. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Michigan. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Michigan, householders within the 45 to 64 years age group have the highest median household income at $86,768, followed by those in the 25 to 44 years age group with an income of $79,938. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $54,099. Notably, householders within the under 25 years age group, had the lowest median household income at $41,222.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Michigan median household income by age. You can refer the same here

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Income per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.

Median Household Income in the United States was 80610.00000 Current $ in January of 2023, according to the United States Federal Reserve. Historically, Median Household Income in the United States reached a record high of 80610.00000 in January of 2023 and a record low of 22420.00000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for Median Household Income in the United States - last updated from the United States Federal Reserve on July of 2025.

In the fourth quarter of 2024, the average monthly income of South Korean households amounted to about **** million South Korean won, up from about **** million South Korean won in the same quarter of the previous year. Following the outbreak of the COVID-19 pandemic, household income dropped *** percent year-on-year in the second quarter of 2021, but recovered by the end of the year.

Graph and download economic data for Mean Family Income in the United States (MAFAINUSA646N) from 1953 to 2023 about family, average, income, and USA.

In Costa Rica, as of 2024, the average monthly household income reached the highest value in the Central region of the Central American country, amounting to 1,295,755 Costa Rican colones.

In Costa Rica, as of 2024, the average monthly household income was higher for employed individuals receiving their salary from work was approximately 746,553 Costa Rican colones.

In 2023, around 10.3 percent of U.S. private households had an annual income between 35,000 and 49,999 U.S. dollars in the United States. Income levels between 100,000 to 149,999 U.S. dollars made up the largest share of the population at 16.5 percent in 2023.

Key information about Estonia Household Income per Capita

• Estonia Annual Household Income per Capita reached 14,235.697 USD in Dec 2023, compared with the previous value of 12,845.581 USD in Dec 2022.
• Estonia Annual Household Income per Capita data is updated yearly, available from Dec 2008 to Dec 2023, with an averaged value of 8,538.284 USD.
• The data reached an all-time high of 14,235.697 USD in Dec 2023 and a record low of 6,049.405 USD in Dec 2010.
• In the latest reports, Retail Sales of Estonia dropped 0.910 % YoY in Jun 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Statistics Estonia provides Average Household Income per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income covers Household Disposable Income only.

Key information about Taiwan Household Income per Capita

• Taiwan Annual Household Income per Capita reached 16,605.530 USD in Dec 2023, compared with the previous value of 16,714.808 USD in Dec 2022.
• Taiwan Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 9,995.654 USD.
• The data reached an all-time high of 17,102.731 USD in Dec 2021 and a record low of 1,969.348 USD in Dec 1984.
• In the latest reports, Retail Sales of Taiwan grew 1.668 % YoY in Feb 2022.

CEIC calculates Annual Household Income per Capita from annual Average Household Income and Average Household Size and converts it into USD. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Average Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions.

Key information about Vietnam Household Income per Capita

• Vietnam Annual Household Income per Capita reached 2,502.524 USD in Dec 2023, compared with the previous value of 2,409.689 USD in Dec 2022.
• Vietnam Annual Household Income per Capita data is updated yearly, available from Dec 1994 to Dec 2023, with an averaged value of 1,023.278 USD.
• The data reached an all-time high of 2,502.524 USD in Dec 2023 and a record low of 183.956 USD in Dec 1994.
• In the latest reports, Retail Sales of Vietnam grew 8.086 % YoY in Nov 2024.

CEIC converts Annual Household Income per Capita into USD. Annual Household Income per Capita is calculated from Monthly Average Household Income per Capita multiplied by 12. General Statistical Office provides Average Household Income per Capita in local currency. State Bank of Vietnam average market exchange rate is used for currency conversions.

Graph and download economic data for Median Household Income in New York (MEHOINUSNYA646N) from 1984 to 2023 about NY, households, median, income, and USA.