Median-income meaning

The middle point of area incomes. Median income divides the income distribution range in half, one with residents having incomes above the median, and the other with residents having incomes below the median. Median family income and median household income are based on the distribution of the total number of families, including those with no income. However, median income calcu-lated for individuals excludes information from those who have no income.
0
0
Advertisement