Definition
Comparison
Story Behind the Curve
A median household income refers to the income level earned by a given household where half of the homes in the area earn more and half earn less. It's used instead of the average or mean household income because it can give a more accurate picture of an area's actual economic status. Median household incomes are frequently used to determine housing affordability.
Selected Economic Characteristics - American Community Survey 5 Year Average (Table: DP03)