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Median household income is the income level at which half of the households in a specific area earn more and half earn less. It is often used as an economic indicator to assess the financial health of a community or region. Unlike average income, which can be skewed by extremely high or low incomes, the median provides a more accurate reflection of typical household earnings. This metric can help inform policy decisions and economic strategies.
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What is median houshold income mean?
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
Uses of medianmodemean in daily life?
mean (average) temperature median income, mediian home prices, salary, etc. mode is the most likely occurence of an event. If the distribution of outcomes is symmetrical, then mean median mode
How do mean deviation from median?
The mean deviation from the median is equal to the mean minus the median.
What was the median weekly income for females in 1980?
The median weekly income for females in 1980 in the United States of America was $46.8. The figure has however gone up in the current generation.
Mean median and?
Mean, Median and Mode. They are three kinds of averages.
What is the median household income of Massachusetts?
Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.
What is median houshold income mean?
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
What was US median household income in 1931?
Median Household Income 1931
What is the median income in Nashville TN?
The median household income in Nashville, TN is around $56,597 according to the latest data available.
What is the median household income in the us?
32,000
What is median household income in Sweden?
$30,000.00
What is the Median Household Income today?
$30,000
Average income in 1968?
http://www.census.gov/hhes/www/income/histinc/f07ar.html All Families Median Income in 1968 was $8,632 Mean Income was $9,670 Married-Couple Families Median Income in 1968 was $9,144 Mean Income was $10,222 Male Household, no wife present Median Income in 1968 was $7,321 Mean Income was $8,185
What is the median income of Seattle's Rainier valley in Seattle?
According to the City-Data sources; In 2011, the median household income for Rainier Valley, WA had been 63,519.00 dollars. The median household income of Rainier Valley had been greater than (by approx. 2,490.00 dollars) the median household income value of Seattle, WA in 2011.
What was the median household income in the US in 1940?
2200
What was the median household income in the US in 2006?
$48,000
What is the median income per household in Israel?
About $62,562.94
