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Household Income facts

While investigating facts about Household Income Percentile and Household Income Meaning, I found out little known, but curios details like:

The average Wal-Mart shopper is a white, 50-year-old female with an annual household income of $53,125

how household income is calculated?

A household income of $400,000 puts you in the top 1% of earners in the United States

What household income is considered middle class?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what household income is middle class. Here are 47 of the best facts about Household Income Definition and Household Income Calculator I managed to collect.

what household income is considered upper class?

  1. The "service fee" on your phone bill is used by the FCC to provide communication to low income households, rural health clinics, and libraries.

  2. A local NYC News Station's investigation revealed that over 1,500 families with 6-figure incomes lived in subsidized New York City Housing Authority apartments, including one household that pulled in nearly $500K/year plus income from property holdings

  3. Affluent teens (>$75k HHI) don’t use Facebook (36% usage), while teens in low-income households (<$30k HHI) do use Facebook (70% usage).

  4. Indian American have the top median household income of in America at $101,591, followed by Taiwanese Americans at $85,566 (on the other hand, Native Americans have a median household income of $37,227).

  5. In 2007 it is estimated that 40% of households in the United States did not owe any federal income tax. Due to the economic downturn in subsequent years it is estimated that in 2012, 47% of American households did not owe any federal income taxes.

  6. Owsley County, Kentucky, a county that is among the poorest in the United States. Median household income of $19,146, 45% of the population lives below poverty line.

  7. Some European countries link traffic tickets to household income resulting in $103K speeding ticket for a Finnish man.

  8. The US spends the least of household income on groceries

  9. Almost half of US households exhaust their salaries - 47% say they spend all of their income, go into debt or dip into savings to meet their annual expenses

  10. 51% of American households pay no income tax

household income facts
What's household income?

Household Income data charts

For your convenience take a look at Household Income figures with stats and charts presented as graphic.

household income fact data chart about Household income distribution in USA by state
Household income distribution in USA by state

household income fact data chart about Gap Between Median Household Income & Income Needed To Affor
Gap Between Median Household Income & Income Needed To Afford Median Priced Home In Each State

Why is student finance based on household income?

You can easily fact check why average household income by examining the linked well-known sources.

Due to a special tax levy on households with a €1.3+ milion net worth, more than 8,000 French households had to pay tax bills higher than their entire 2011 yearly income.

According to the Reserve Bank of Australia, household income across Australia was 13% higher thanks to the iron ore mining industry.

Approximately 2.3 million people (2.2% of all US households) live in low-income, rural areas that are more than 10 miles from a supermarket, This is known as a "Food Desert" - source

While the Median Household Income has gone up (blue line) it's actual equivalent buying power (purple line) has stayed the same since 1965.

Household incomes in the $50,000 range only have $166 a month of "free cash" to spend after bills - source

When to report household employee income?

The average household income in Purchase, NY is estimated to be approximately $352,000, which, according to Time Magazine, is the highest among all cities and towns in the United States.

How to report household employee income?

Even though the technical recession ended in 2009, median household income did not bottom out until 2012.

The US has the highest household disposable income in the world.

54% of a surveyed group of transgender people with a household income of less than $10,000 have attempted suicide, while only 26% of the group with a household income of over $100,000 reported to have a suicide attempt

The average household income of the top 1% in the United States is $1,260,508.

Despite being infamous for its cost-of-living, the median household income in NYC was $50,711 in 2010-2012, less than the national median of $51,842 in 2011 according to the BLS

Household income infographics

Beautiful visual representation of Household Income numbers and stats to get perspecive of the whole story.

household income fact infographic about Obesity Rate vs Median Household Income of US States (2015)

Obesity Rate vs Median Household Income of US States (2015)

household income fact infographic about Percentage of Households with Income over $200,000 by US Sta

Percentage of Households with Income over $200,000 by US State

When does household income mean?

Mississippi ranked 2nd among US states in charitable giving in 2012, despite having the lowest per capita personal income in all of the US. The average Mississippi household donated 7.2 percent of its discretionary income to charity. They also volunteered at a rate of 21 percent.

Cashback Reward Credit Card Programs result in money transferred from low-income to high-income households.

An analysis of New York records revealed roughly 2,300 households with incomes greater than $500,000 were living in rent-stabilized housing in New York City

The higher household income is in America, the higher chance of them eating fast food, and not the other way around

Muniz, TX, a town with the second-lowest median household income in the United States, got their city’s first street lights in 2013.

How to calculate median household income?

That, as of 2012, 48% of adult Hindu-Americans have household incomes of at least $100,000. This is compared to 16% of adults in the general U.S. population.

A person in 1495 would need to work for 15 weeks of the year to earn a sufficient amount to live, while in 1564 the figure was 40 weeks and today most British households need two people on full-time incomes to maintain a home and family.

When all household debts (mortgage, education, autos, healthcare, small business loans) are combined and adjusted for income, American households are less indebted than their Canadian, Danish, Dutch, or Norwegian counterparts.

High school students from households earning <$60,000/year participate in school sports at substantially lower rates than their higher-income peers due to high sports team fees.

In the 10 years that followed the discovery of oil in Williston, North Dakota, it experienced a 48.1% increase in population. During that same period, median household income increased from $29,962 to $72,178 and median house/condo values went from $56,600 to $147,791.

Ireland has a median household income less than Slovenia and Taiwan, and almost half that of Australia or Sweden.

Households with incomes of $100,000 or more are twice as likely to use a coupon as those who earn less than $35,000

3.52% of households in the United States had less than $5,000 a year in income

The highest ever inflation-adjusted (real) Median Household Income in the US was in 1999

More than 87,000 New York City households with annual incomes $100,000 and more benefit from rent control by paying well below-market rents.

Household air pollution (eg cooking indoors using wood and other solid fuels) resulted in 4.3 million deaths in 2012, mostly in low-income countries.

Since 2000, the median household income has increased only $2,155.00 or 3.9%, while the median cost for a new home has increased $148,488 or 91.5%.

Around one third of all Professional MMA Fighters in the UFC make less than the average U.S household income a year ($45,000). Guess it doesn't pay to get punched in the face.

This is our collection of basic interesting facts about Household Income. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Household Income so important!

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