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Average Family Income Up 8 Percent in 1968 (Advance data from March 1969 sample survey)

Report Number P60-63

The median income of families in the United States was $8,630 In 1968, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $660, or 8.3 percent, higher than the 1967 figure of $7,970. The gain in real purchasing power, however, between 1967 and 1968 was only about 4 percent, as prices also rose during this period.1

An estimated 5.2 million families, or 10.3 percent, of the 50.5 million families in the Nation, received money incomes under $3,000 in 1968. The number of families in this income range declined by approximately 1 million from the previous year. Another 6.1 million, or 12.1 percent, received incomes between $3,000 and $5,000; 7.3 million, or 14.5 percent, had incomes between $5,000 and $7,000; and 11.8 million, or 23.4 percent had incomes between $7,000 and $10,000. The remaining 20.1 million families, or 39.7 percent, received money incomes of $10,000 or more.

In 1968, the median incomes of men and women were about $6,000 and $2,000, respectively. Median earnings of men working year round full time were $7,660 in 1968, while the median earnings of women working year round full time were $4,460.

1 See Monthly Labor Review, March 1969, U.S. Department of Labor, table D-1, page 122.

A Note on Language

Census statistics date back to 1790 and reflect the growth and change of the United States. Past census reports contain some terms that today’s readers may consider obsolete and inappropriate. As part of our goal to be open and transparent with the public, we are improving access to all Census Bureau original publications and statistics, which serve as a guide to the nation's history.

Page Last Revised - October 8, 2021
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