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Data Dashboard: Median Household Income

Title

Median Household Income

Trend at a Glance

At last count

$63,791

Current Through

December 2012

Category

Economics

What does this measure?

Median household income divides income distribution into two equal parts: half of the area's households fall above and half fall below the median household income. This statistic includes the incomes of the head of the householder and all individuals 15 years and older in a household over the last 12 months. Median household income reflects the relative wealth of a community, the financial resources of its residents, and the ability of individuals and families to afford basic needs, such as housing, utilities, food, transportation, and healthcare costs. Business owners often rely on median household income to gauge whether a viable market exists for their consumer products and services.

How is Wake County performing?

While the median household income in Wake County has declined since the 2008 economic downturn, it is consistently significantly higher than the state and national statistics.

Did you know?

In 2012 Wake County had the highest median household income in the state.

Data Source

Data Considerations

Depending on the size of the municipality, the Census Bureau's one-year or five-year estimates were referenced to determine each municipality's median age. One-year estimates, used for higher-populated areas and therefore used for county, state, and national data, are considered more current, while five-year estimates are considered more accurate, and are used for municipal data. More can be read about these estimates here: http://www.census.gov/acs/www/guidance_for_data_users/estimates/

Charts & Maps

 Income01_2013.PNG

Income02_2013.PNG 

Data is updated:

County, state, and national data is made available annually by the US Census Bureau in October. Municipal data is made available in December. Data is published here annually on or around December 30 by Wake County Planning, Development, and Inspections.

Related Resources

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Revisions

Not applicable

Attachments

Created at 1/3/2014 4:26 PM by Lori K. Neumeier
Last modified at 8/8/2014 9:15 AM by Lori K. Neumeier
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