This statistic shows the median household income in the United States from 1970 to 2020, by income tier. In 2020, the median household income for the middle class stood at 90,131 U.S. dollars, which was approximately a 50 percent increase from 1970. However, the median income of upper income households in the U.S. increased by almost 70 percent compared to 1970.

This dataset and map service provides information on the U.S. Housing and Urban Development's (HUD) low to moderate income areas. The term Low to Moderate Income, often referred to as low-mod, has a specific programmatic context within the Community Development Block Grant (CDBG) program. Over a 1, 2, or 3-year period, as selected by the grantee, not less than 70 percent of CDBG funds must be used for activities that benefit low- and moderate-income persons. HUD uses special tabulations of Census data to determine areas where at least 51% of households have incomes at or below 80% of the area median income (AMI). This dataset and map service contains the following layer.

U.S. citizens with a professional degree had the highest median household income in 2023, at 172,100 U.S. dollars. In comparison, those with less than a 9th grade education made significantly less money, at 35,690 U.S. dollars. Household income The median household income in the United States has fluctuated since 1990, but rose to around 70,000 U.S. dollars in 2021. Maryland had the highest median household income in the United States in 2021. Maryland’s high levels of wealth is due to several reasons, and includes the state's proximity to the nation's capital. Household income and ethnicity The median income of white non-Hispanic households in the United States had been on the rise since 1990, but declining since 2019. While income has also been on the rise, the median income of Hispanic households was much lower than those of white, non-Hispanic private households. However, the median income of Black households is even lower than Hispanic households. Income inequality is a problem without an easy solution in the United States, especially since ethnicity is a contributing factor. Systemic racism contributes to the non-White population suffering from income inequality, which causes the opportunity for growth to stagnate.

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.

California State Income Limits reflect updated median income and household income levels for acutely low-, extremely low-, very low-, low- and moderate-income households for California’s 58 counties (required by Health and Safety Code Section 50093). These income limits apply to State and local affordable housing programs statutorily linked to HUD income limits and differ from income limits applicable to other specific federal, State, or local programs.

In the financial year 2021, a majority of Indian households fell under the aspirers category, earning between 125,000 and 500,000 Indian rupees a year. On the other hand, about three percent of households that same year, accounted for the rich, earning over 3 million rupees annually. The middle class more than doubled that year compared to 14 percent in financial year 2005.

Middle-class income group and the COVID-19 pandemic

During the COVID-19 pandemic specifically during the lockdown in March 2020, loss of incomes hit the entire household income spectrum. However, research showed the severest affected groups were the upper middle- and middle-class income brackets. In addition, unemployment rates were rampant nationwide that further lead to a dismally low GDP. Despite job recoveries over the last few months, improvement in incomes were insignificant.

Economic inequality

While India maybe one of the fastest growing economies in the world, it is also one of the most vulnerable and severely afflicted economies in terms of economic inequality. The vast discrepancy between the rich and poor has been prominent since the last three decades. The rich continue to grow richer at a faster pace while the impoverished struggle more than ever before to earn a minimum wage. The widening gaps in the economic structure affect women and children the most. This is a call for reinforcement in in the country’s social structure that emphasizes access to quality education and universal healthcare services.

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.

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.

Graph and download economic data for Median Personal Income in the United States (MEPAINUSA646N) from 1974 to 2023 about personal income, personal, median, income, and USA.

United States US: Income Share Held by Highest 20% data was reported at 46.900 % in 2016. This records an increase from the previous number of 46.400 % for 2013. United States US: Income Share Held by Highest 20% data is updated yearly, averaging 46.000 % from Dec 1979 (Median) to 2016, with 11 observations. The data reached an all-time high of 46.900 % in 2016 and a record low of 41.200 % in 1979. United States US: Income Share Held by Highest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXU900000LB0102M) from 1984 to 2023 about percentile, salaries, tax, wages, income, and USA.

In the U.S., median household income rose from 51,570 U.S. dollars in 1967 to 80,610 dollars in 2023. In terms of broad ethnic groups, Black Americans have consistently had the lowest median income in the given years, while Asian Americans have the highest; median income in Asian American households has typically been around double that of Black Americans.

As of January 2022, the largest share of Chinese middle-class families had an annual income of between 100 thousand and 300 thousand yuan per year. According to the same survey, almost 90 percent of respondents have at least one child. Many middle-class families in China face significant financial burdens because not only do living costs continuously increase but they also often have to support their parents. In that case, one family has to care for four elders and least one kid.

Graph and download economic data for Population, Total for Low and Middle Income Countries (SPPOPTOTLLMY) from 1960 to 2023 about income and population.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Show Low: 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 215(4.47%) households where the householder is under 25 years old, 1,146(23.85%) households with a householder aged between 25 and 44 years, 1,567(32.61%) households with a householder aged between 45 and 64 years, and 1,878(39.08%) households where the householder is over 65 years old.
• The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the city of Show Low, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 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 Show Low median household income by age. You can refer the same here

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Norway NO: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Outside Region data was reported at 21.300 % in 2016. This records a decrease from the previous number of 22.255 % for 2015. Norway NO: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Outside Region data is updated yearly, averaging 8.473 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 22.255 % in 2015 and a record low of 3.710 % in 1986. Norway NO: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Outside Region data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: Imports. Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

VITAL SIGNS INDICATOR Jobs by Wage Level (EQ1)

FULL MEASURE NAME Distribution of jobs by low-, middle-, and high-wage occupations

LAST UPDATED January 2019

DESCRIPTION Jobs by wage level refers to the distribution of jobs by low-, middle- and high-wage occupations. In the San Francisco Bay Area, low-wage occupations have a median hourly wage of less than 80% of the regional median wage; median wages for middle-wage occupations range from 80% to 120% of the regional median wage, and high-wage occupations have a median hourly wage above 120% of the regional median wage.

DATA SOURCE California Employment Development Department OES (2001-2017) http://www.labormarketinfo.edd.ca.gov/data/oes-employment-and-wages.html

American Community Survey (2001-2017) http://api.census.gov

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Jobs are determined to be low-, middle-, or high-wage based on the median hourly wage of their occupational classification in the most recent year. Low-wage jobs are those that pay below 80% of the regional median wage. Middle-wage jobs are those that pay between 80% and 120% of the regional median wage. High-wage jobs are those that pay above 120% of the regional median wage. Regional median hourly wages are estimated from the American Community Survey and are published on the Vital Signs Income indicator page. For the national context analysis, occupation wage classifications are unique to each metro area. A low-wage job in New York, for instance, may be a middle-wage job in Miami. For the Bay Area in 2017, the median hourly wage for low-wage occupations was less than $20.86 per hour. For middle-wage jobs, the median ranged from $20.86 to $31.30 per hour; and for high-wage jobs, the median wage was above $31.30 per hour.

Occupational employment and wage information comes from the Occupational Employment Statistics (OES) program. Regional and subregional data is published by the California Employment Development Department. Metro data is published by the Bureau of Labor Statistics. The OES program collects data on wage and salary workers in nonfarm establishments to produce employment and wage estimates for some 800 occupations. Data from non-incorporated self-employed persons are not collected, and are not included in these estimates. Wage estimates represent a three-year rolling average.

Due to changes in reporting during the analysis period, subregion data from the EDD OES have been aggregated to produce geographies that can be compared over time. West Bay is San Mateo, San Francisco, and Marin counties. North Bay is Sonoma, Solano and Napa counties. East Bay is Alameda and Contra Costa counties. South Bay is Santa Clara County from 2001-2004 and Santa Clara and San Benito counties from 2005-2017.

Due to changes in occupation classifications during the analysis period, all occupations have been reassigned to 2010 SOC codes. For pre-2009 reporting years, all employment in occupations that were split into two or more 2010 SOC occupations are assigned to the first 2010 SOC occupation listed in the crosswalk table provided by the Census Bureau. This method assumes these occupations always fall in the same wage category, and sensitivity analysis of this reassignment method shows this is true in most cases.

In order to use OES data for time series analysis, several steps were taken to handle missing wage or employment data. For some occupations, such as airline pilots and flight attendants, no wage information was provided and these were removed from the analysis. Other occupations did not record a median hourly wage (mostly due to irregular work hours) but did record an annual average wage. Nearly all these occupations were in education (i.e. teachers). In this case, a 2080 hour-work year was assumed and [annual average wage/2080] was used as a proxy for median income. Most of these occupations were classified as high-wage, thus dispelling concern of underestimating a median wage for a teaching occupation that requires less than 2080 hours of work a year (equivalent to 12 months fulltime). Finally, the OES has missing employment data for occupations across the time series. To make the employment data comparable between years, gaps in employment data for occupations are ‘filled-in’ using linear interpolation if there are at least two years of employment data found in OES. Occupations with less than two years of employment data were dropped from the analysis. Over 80% of interpolated cells represent missing employment data for just one year in the time series. While this interpolating technique may impact year-over-year comparisons, the long-term trends represented in the analysis generally are accurate.

Number of persons in low income, low income rate and average gap ratio by age, sex and economic family type, annual.