U.S. Median Household Income Equals All-Time High

By Terence P. Jeffrey | September 12, 2018 | 11:16am EDT
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(CNSNews.com) - Real median household income in the United States hit $61,372 in 2017, equaling the nation’s all-time, according to the U.S. Census Bureau.

“Median household income was $61,372 in 2017, an increase in real terms of 1.8 percent from the 2016 median of $60,309,” the Census Bureau said. “This is the third consecutive annual increase in median household income.”

Table A-1 in the annual income and poverty tables released today by the Census Bureau showed median household income going back to 1967 in constant 2017 dollars. In this table, the $61,372 median household income for 2017 was the highest in any year.

The second highest median household income was $60,062 in 1999 (in constant 2017 dollars) and the third highest was $59,534 in 2007 (in constant 2017 dollars).

However, in a telephone press conference this morning the Census Bureau cautioned that the $61,372 median household income in 2017 was not a stand-alone all-time high for median household income in the United States. The bureau said, by contrast, that it was “statistically tied” for the highest median household income with the $60,062 income in 1999 and the $59,534 income in 2007.

The bureau explained that this was because the question that the Census Bureau asked people about their income was changed in 2014 and because of the margin of error in the data.

 

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