| Median Household Income |
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The median household income is commonly used to provide data about geographic areas and divides households into two equal segments with the first half of Household s earning less than the Median household income and the other half earning more.1 The median income is considered by many Statisticians to be a better indicator than the Average household income as it is not dramatically affected by unusually high or low values."2
Household income is not to be confused with family or Personal Income . Household income is often the combination of two income earners pooling the resources and should therefore not be confused with an individual's earnings. Even though the term family income may sometimes be used as a synonym for household income, the US Census Bureau defines the two differently. While household income takes all households into account, family income only takes households with two or more persons related through blood, marriage or adoption into account. INTERNATIONAL STATISTICS Median household income for other countries is shown in the table below. The data for each country has been converted to US dollars using Purchasing Power Parity (obtained from the OECD ).4 SEE ALSO
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