average income
Mean annual pay
Average income is the total income of a group divided by the number of people in it—a statistical mean.
Economists use it to compare prosperity across regions or time periods: The average income in Norway far exceeds that of most countries.
Because extremely high earners skew the figure upward, average income often exceeds what typical people actually make; median income better represents the middle.
- medianCentral sorted value
- salaryFixed periodic employment payment
- wagesPayment for work
- earningsMoney gained from work
- take-home payEarnings after withholdings
household · paycheck · middle-class · livable · making ends meet · census · statistics · bracket · middle class · annual · monthly · disposable · paycheck to paycheck · living wage · working · standard · cost-of-living · struggling
- incomesalary, earnings, wages, pay, net earnings
- wealth statuspoor, rich, wealthy, affluent, middle-class
average incomeextreme poverty
Income below survival threshold
minimum wage · destitution · affluence · poverty · wealth