Households have sufficient income to afford a decent standard of living

Median weekly household income after tax and benefits

Current Value

£860

2022

Definition

Median weekly household income after the application of the tax and benefit system More information

Source of data: States of Jersey Statistics Unit

This indicator is based on the Household Spending and Income Survey. The most recent survey was carried out from April 2014 to May 2015. Over 1,200 randomly selected households took part, providing detailed information on all sources of income (including employment, pensions and unearned income) and spending on housing costs (for example mortgage interest, rent and parish rates).

Household income is usually affected by household size: e.g. single adult households will generally have lower incomes than two or more adult households. To allow fairer comparisons across different household sizes and make-up (e.g. numbers of children versus adults), a process of 'equivalisation' is used to standardise every household to the same household size and type. The standard used here, and generally in this field of analysis, is that of an adult couple with no children. The figures are also adjusted for inflation so comparisons can be made across years.

The median household income is the point at which half of Jersey households have a higher income and half have a lower income.

Median weekly household income after the application of the tax and benefit system&nbsp;&nbsp; &nbsp;More information

Source of data: States of Jersey Statistics Unit

This indicator is based on the Household Spending and Income Survey. The most recent survey was carried out from April 2014 to May 2015. Over 1,200 randomly selected households took part, providing detailed information on all sources of income (including employment, pensions and unearned income) and spending on housing costs (for example mortgage interest, rent and parish rates).

Household income is usually affected by household size: e.g. single adult households will generally have lower incomes than two or more adult households. To allow fairer comparisons across different household sizes and make-up (e.g. numbers of children versus adults), a process of 'equivalisation' is used to standardise every household to the same household size and type. The standard used here, and generally in this field of analysis, is that of an adult couple with no children. The figures are also adjusted for inflation so comparisons can be made across years.

The median household income is the point at which half of Jersey households have a higher income and half have a lower income.&nbsp;

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What is this about?

This indicator is recognised internationally as a measure of the standard of living. It tracks the amount of money households have to spend or save after financial commitments such as taxes, social security and rates. The median household income is the point at which half of Jersey households have a higher income and half have a lower income. The data is sourced from Jersey's Household Spending and Income Survey which is run every five years, with the last being completed in 2015. The figures are adjusted through a process called equivalisation, to allow comparisons across different household sizes and make-up (e.g. numbers of children versus adults). They are also adjusted for inflation so comparisons can be made across years.

Between 2010 and 2015, median weekly household income before housing costs decreased in real terms (i.e. taking into account the effect of inflation) by 7.6% from £736 to £680 a week, but this has now increased to £860 in 2022.

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