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CEO NA Magazine > News > Median household income

Median household income

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Median household income increased in 14 U.S. states: U.S. Census Bureau.

A story by Gloria Guzman | U.S. Census Bureau 

Median household income for the United States and 14 states increased significantly in 2018 from the previous year, according to U.S. Census Bureau data released today.

The 2018 American Community Survey (ACS) shows that median household income rose between 2017 and 2018 for 10 of the 25 most populous metropolitan areas.

Median household income for the nation has been increasing every year since 2013, but the year-to-year increase from 2017 is smaller than the prior three years. Previously, increases ranged between 1.8% and 3.3% annually.

This was the second consecutive year that U.S. median household income was higher than 2005, when the ACS was fully implemented.

Median household income in 2018 was higher than 2005 median household income for 31 states and the District of Columbia and lower in five states and Puerto Rico. In 14 states, differences were not statistically significant.

This was also the second consecutive year that U.S. median household income was higher than median household income in 2007, the year before the latest recession. It was also higher than before the recession in 20 states and the District of Columbia.

Median household income in 2018 was still lower than pre-recession median household income in nine states and Puerto Rico. In 21 states, differences were not statistically significant.

Maryland ($83,242) was among the states with the highest median household income and West Virginia ($44,097) was among the lowest.

Tags: Census BureauCEOCEO NorthamHousehold incomeIncomeMedian household income

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