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The median household income increased for the fifth consecutive year.
Distribution of us household income. In 2016 average household income before accounting for means tested transfers and federal taxes was 21 000 for the lowest quintile and 291 000 for the highest quintile. Fixler marina gindelsky and david s. In 2019 a little more than 53 percent of americans had an annual household income that was less than 75 000 u s. Linking survey data to administrative data pdf by dennis j.
However in a more expensive metro area like san diego that same income lands your household in a lower income tier. The least populous of the compared places has a population of 383 899. Towards a distribution of household income. Household income percentiles for the united states in 2020.
A household s income can be calculated in various ways but the us census as of 2009 measured it in the following manner. 11 7 percent of u s. Silent and earlier born before 1946 baby boomer born 1946 1964 gen x born 1965 1980 and millennial born 1981 1996. This section compares the 50 most populous of those to each other and the united states.
Median household income was 68 703 in 2019 an increase of 6 8 percent from the 2018 median of 64 324 figure 1 and table a 1. The 2019 real median incomes of family households and nonfamily households increased 7 3 percent and 6 2 percent from their respective 2018 estimates figure 1 and table a 1. In el paso texas a 50 000 income places a household of four people in the middle class. Distributions by generation are defined by birth year as follows.
Not surprisingly cost of living strongly influences your household s place on the income spectrum. While the summary statistics are nice there s no replacement for a more complete view of the us income distribution. Below is every household income percentile in 2020. Household income by place in the united states there are 29 322 places in the united states.
Johnson 35th iariw general conference august 2018 a consistent data series to evaluate growth and inequality in the national accounts by dennis j. Private households had an annual income between 35 000 and 49 999 u. Johnson andrew craig and kevin.
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