Household income in the United States
US family income
Household income in the United States
Household income is an economic measure of one household's total income. This measure can be aggregated across households for a geographic unit such as county, city, region or country. It is commonly used by the United States government and private institutions to describe a household's economic status or to track economic trends in the US. Household income is often defined as gross (pre-tax) wage income, excluding benefits and transfers from government welfare programs. A key aggregate is median income, which gives the household income where, within the statistical area, half of households have an income above that value, and the other half of households have an income which falls below. The U.S. Census Bureau reports two median household income estimates based on data from two surveys: the Current Population Survey (CPS) Annual Social and Economic Supplement and the American Community Survey (ACS). The CPS ASEC is the recommended source for national-level estimates, whereas the ACS gives...
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