I am
waiting for websites to release the US median household income for December
2019 and other economic data for 2019.
There are
multiple ways to calculate Household Income. The “Mean” is the weighted average.
The “Median” measures the 50th percentile. The “Mode” measures the
most commonly occurring number. The data that is “Nominal” measures the actual
numbers as they occurred. If the data
claims to be “Real”, it has modified the actual numbers to reflect inflation.
I prefer “Nominal”
data and weighted average data to report GDP, Per Capita GDP and Household
Income.
HUD published their own “household income” based on
their own version of Family Income Fiscal Year 2019 (October 2018 to November
2019. Family
refers to the Census definition of a family, which is a householder with one or
more other persons living in the same household who are related to the
householder by birth, marriage, or adoption. The definition of family excludes
one-person households and multi-person households of unrelated individuals. The
HUD version of median family income for the United States is $75,500 in FY
2019, an increase of five percent compared with the national median income for
FY 2018.
Household Income
Percentile Statistics in 2019 by
University
of Minnesota gives a clear picture of US household income by percentile. US
policies to restore middle class jobs target the lowest percentiles to lift
household incomes to allow them to become self-supporting.
10th
%ile $14,603
25th %ile $31,201
50th %ile $63,030
75th %ile $113,010
90th %ile $184,200
95th %ile $248,304
99th %ile $475,116
In 2019, average household
income in the United States was $89,930.70.
In 2019, median household
income in the United States was $63,030.00.
Median US Household Income has increased from
$63,688 in 2018 to $66,043 by November 2019.
November 2019
$66,043
October 2019
$66,465
September 2019 $66,214
August 2019 $65,976
July
2019 $65,084
June
2019 $64,430
May
2019 $63.799
April
2019 $64,016
March
2019 $63,425
February
2019 $63,378
US Median
Household Income by Year
2019 tbd
2018
$63,688
2017
$61,372
2016
$59,039
2015 $56,516
2014
$53,657
2013
$51,939
2012
$51,017
2011
$50,054
2010
$48,276
2009
$49,777
2008
$50,303
2007
$50,233
2006
$48,201
2005
$46,326
2004
$44,334
2003
$43,318
2002
$42,409
2001
$42,228
2000
$41,990
1999
$40,696
1998
$38,885
1997
$37,005
1996 $35,492
1995
$34,076
1994
$32,264
1993
$31,241
1992
$30,636
1991
$30,126
1990
$26,943
1989
$28,906
1988
$27,225
1987
$26,061
1986
$24,897
1985
$23,618
1984
$22,415
1983
$20,885
1982
$20 171
1981
$19,074
1980
$17,710
1979
$16,461
1978
$15,064
1977 $13,572
1976 $12,686
1975
$11,800
1974
$11,197
1973
$10,512
1972
$9,697
1971 $9,028
1970
$8,734
1969
$8,389
1968
$7,743
1967
$7,143
Norb
Leahy, Dunwoody GA Tea Party Leader
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