U.S. flag

An official website of the United States government

Skip Header

2014 to 2015 Median Household Income is Largest Percentage Increase Since 1998

Written by:

Estimates released today from the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) show real median household income in 2015 was $56,516, a 5.2 percent increase from the 2014 median in real terms. This is the largest year-to-year increase since 1997 to 1998, when median household income increased 3.7 percent — making this the largest increase over the past 17 years.

Median household income in 2015 increased for many different demographic groups, including for Hispanic (6.1 percent), non-Hispanic white (4.4 percent) and black (4.1 percent) households. Although median income is highest in Asian households, their median was not statistically different between 2014 and 2015. Note that the increases (6.1 percent, 4.4 percent and 4.1 percent) are not statistically different from each other.

Households across the country experienced growth in median household income, with an increase of 6.4 percent in the West, 5.1 percent in the Midwest, 4.9 percent in the Northeast and 2.9 percent in the South. Note that when comparing these increases across regions, only the median income growth in the West is greater than in the South. The differences between the increases of the remaining regions were not statistically different.

Further, the increase was experienced by householders in nearly all age groups. By age of householder, the median household income increased for:

  • 25- to 34-year-olds (5.6 percent).
  • 35- to 44-year-olds (7.0 percent).
  • 45- to 54-year-olds (4.2 percent).
  • 55- to 64-year-olds (3.5 percent).
  • Ages 65 and older (4.3 percent).

Note that the percent increases for each age group were not statistically different from each other.

Other groups that experienced increases in median household income include both native- and foreign-born, both men and women who work full time and year-round, and households in metropolitan statistical areas.

You can find out more about this increase in median household income by visiting <www.census.gov/topics/income-poverty/income.html> to explore income and poverty data for 2015 as well as previous years.

Is this page helpful?
Thumbs Up Image Yes Thumbs Down Image No
255 characters maximum 255 characters maximum reached
Thank you for your feedback.
Comments or suggestions?


Back to Header