median household income
Typical family wages
Median household income is the income level that falls exactly in the middle when all households in a population are ranked from lowest to highest—half earn more, half earn less.
Economists prefer the median to the average because a few extremely high incomes can skew the average upward, making the median a better indicator of typical household finances: The median household income in the county rose to $78,000.
- minimum wage lawsLegislated lowest permissible pay
- paycheck to paycheckNo savings between wages
- rentPayment for temporary use
- making ends meetEarning enough to survive
- rural povertyDeprivation in agricultural areas
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median household incomeper capita income
Mean individual monetary gain
individual income · personal income · national income · corporate income · family income
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