Median Family Income

Description: 

Median family income from all sources in constant dollars.

Source: 

U.S. Census Bureau, Historical Income Tables for Families. The Census Bureau’s estimates are based on data from the Current Population Survey Annual Social and Economic Supplement.

Methodological Notes: 

The Current Population Survey defines a family as a group of two people or more (one of whom is the householder) related by birth, marriage, or adoption and residing together; all such people (including related subfamily members) are considered as members of one family. Beginning with the 1980 Current Population Survey, unrelated subfamilies (referred to in the past as secondary families) are no longer included in the count of families, nor are the members of unrelated subfamilies included in the count of family members.

In the Annual Social and Economic Supplement, respondents report income from the previous calendar year, but they report family and household composition as of the date of the survey. The measure of family income used by the Census Bureau is the sum of the income obtained by all family members 15 years old and over. Income refers to the amount of money income received from each of the following sources: earnings; unemployment compensation; workers’ compensation; social security; supplemental security income; public assistance; veterans’ payments; survivor benefits; disability benefits; pension or retirement income; interest; dividends; rents, royalties, and estates and trusts; educational assistance; alimony; child support; financial assistance from outside of the household; and other income. Income is adjusted for inflation using the Consumer Price Index for All Urban Consumers Research Series (CPI-U-RS). If the median income is larger than $100,000 (before adjusting for inflation), the Census Bureau reported it as $100,000; these values have been replaced by missing values in the Stanford Center on Poverty and Inequality database.

In 2002, there were substantial changes in the racial categories used by the Census Bureau. Time series by race that include data from both racial classifications should be interpreted with care. More details on the changes in racial categories.

Breakdowns by education only include families where the head of family is 25 years old or over. The category “high school graduates” includes people who received a high school diploma, GED, or equivalent.