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Household Money Income in 1972 and Selected Social and Economic Characteristics of Households

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Report Number P60-89

The median money income of households in the United States rose to $9,700 in 1972, an increase of about 7.4 percent over the 1971 median of $9,030. Since consumer prices rose 3.3 percent during 1971, the gain in real household median money income was 4.0 percent between 1971 and 1972.1

Of the 68.3 million households in the United States, 4.2 million (6.2 percent) had incomes of $25,000 or more, 13.1 million (19.3 percent) had incomes between $15,000 and $25,000, 15.7 million (23.0 percent) had incomes between $10,000 and $15,000; 10.9 million (16.0 percent) had incomes between $7 ,000 and $10,000; 7.2 million (10.6 percent) had incomes between $5,000 and $7,000; and the remaining 17.1 million households (24.9 percent) had incomes under $5,000 (see table B).

Aggregate household money income increased 11.3 percent between 1971 and 1972 resulting from a 2.4 percent increase in the number of households (1.6 million new households) and an 8.7 percent increase in the average (mean) household money income.

1 See Monthly Labor Review, June 1973, table 24, page 104, Bureau of Labor Statistics, U.S. Department of Labor.

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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