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Data Dashboard: Median Household Income

Title

Median Household Income

Trend at a Glance



At last count

$76,097

Current Through

2016

Category

Economics

What does this measure?

Median household income reflects the relative wealth of a community, the financial resources of its citizens, and the ability of citizens to afford the cost of living within a region. A community with lower median household incomes may require more social services from the public and nonprofit sectors. Low household incomes are also a sign that  jobs either are not available, perhaps because of shifts in the economy and industry of the region, or that available jobs do not match up with the skills of the workforce.

How is Wake County performing?

Median household income in Wake County exceeds the state median by more than 50% and the national median by nearly 33%.

Did you know?

Median household income in Wake County jumped significantly in 2016 climbing nearly 8% in one year.

Data Source

American Community Survey (1-year estimates) 

Data Considerations

The Census Bureau's one-year or five-year estimates are referenced based on jurisdiction size. One-year estimates, used for higher-populated areas and considered more current, are used for county, state, and national data. Five-year estimates, considered more accurate, are used for municipal data. More can be read about these estimates here: http://www.census.gov/acs/www/guidance_for_data_users/estimates/
There is a lag between the collection and reporting of census data; data for 2017 will not be released until September of 2018.

Charts & Maps

Median HH Income 2016.jpg

Data is updated:

The United States Census Bureau typically publishes estimates for the American Community Survey in September each year.

Related Resources

Not applicable

Revisions

October 2017; Revised to reflect 2016 ACS estimates

SortOrder

3

Attachments

Created at 1/3/2014 4:26 PM by Lori K. Neumeier
Last modified at 10/2/2017 3:58 PM by Jason Horton

 



 

 

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