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Household Money Income in 1973 and Selected Social and Economic Characteristics of Households

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Report Number P60-96

The median money income of households in the United States rose to $10,500 in 1973, an increase of about 8.4 percent over the 1972 median of $9,700. Although a part of this increase was eroded by rising prices, the net gain in real purchasing power was still significant. After adjusting for the 6.2 percent rise in prices last year, the 1973 median in terms of constant dollars increased by about 2.1 percent over the 1972 median.

Of the 69. 9 million households in the United States, 5.4 million (7.8 percent) had incomes of $25,000 or more and 15.4 million (22.1 percent) had incomes between $15,000 and $25,000. At the other end of the scale 16.0 million households (22.9 percent) had incomes under $5,000 (see table B).

Aggregate household money income increased 10.3 percent between 1972 and 1973 resulting from a 2.4 percent increase in the number of households (1.6 million new households) and a 7.7 percent increase in the average (mean) household money income.

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.

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