Median household income is an accurate measure of the finances of the average household in the United States. This statistic takes into account all of the income earned by members of a household, including salary, wages, welfare, Social Security, and other forms of income. The median household income provides a better measure of financial well-being because it isn’t skewed by extremely high or low incomes in a household. Knowing the median household income in the U.S. gives us a better understanding of the economic prosperity of our population and the economic challenges facing many Americans. This number is used to help make decisions about policy and resources, and to help measure the effectiveness of federal and state programs.
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The median household income in the United States is $63,179, according to the U.S. Census Bureau’s 2018 American Community Survey. This figure is based on all income sources and represents the middle point where half of all households earn more and half of all households earn less. This figure is up from the 2017 median household income of $61,372.
