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Median income

From Wikipedia, the free encyclopedia
(Redirected fromPer-capita income)
Macroeconomic indicator

Themedian income is theincome amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. It may differ from themean (oraverage) income. Both of these are ways of understandingincome distribution.Median income can be calculated byhousehold income, bypersonal income, or for specific demographic groups. Whentaxes and mandatory contributions are subtracted from income, the result is called net or disposable income. The measurement of income from individuals and households, which is necessary to produce statistics such as the median, can pose challenges and yield results inconsistent with aggregate national accounts data. For example, an academic study on the Census income data claims that when correcting for underreporting, U.S. median gross household income was 15% higher in 2010 (table 3).[1]

Median equivalised household disposable income

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The median equivalised household disposable income is themedian of thedisposable income which isequivalised by dividing income by the square root of household size; the square root is used to acknowledge that people sharingaccommodation benefit from pooling at least some of their living costs. The median equivalised disposable income for individual countries corrected forpurchasing power parity (PPP) for 2021 inUnited States dollars is shown in the below table.[2]

Median equivalised household disposable income
Location2021 (USDPPP)
Luxembourg49,748
United States46,625
Norway41,621
Switzerland39,698
Canada39,388
Austria37,715
Belgium37,110
Iceland36,853
Australia36,835
Netherlands35,891
Germany35,537
Denmark34,061
Sweden33,472
New Zealand32,158
South Korea31,882
Ireland31,392
Finland30,727
France30,622
Slovenia28,698
Italy27,949
United Kingdom26,884
Spain26,630
Estonia26,075
Poland24,264
Czech Republic23,802
Israel21,366
Japan21,282
Lithuania20,856
Latvia19,908
Croatia19,680
Portugal19,147
Greece16,774
Slovak Republic16,410
Romania15,898
Hungary15,361
Bulgaria14,990
India10,800
Turkey10,341
Chile10,101
Costa Rica8,915
Brazil8,460
Mexico6,090
South Africa6,068

See also

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References

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  1. ^Fixler, Dennis; Johnson, David S. (September 30, 2012).Accounting for the Distribution of Income in the U.S. National Accounts(PDF). NBER Conference on Research in Income and Wealth. Archived fromthe original(PDF) on January 22, 2020.
  2. ^"Household income".OECD. 2024-06-20. Retrieved2025-09-18.
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