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In 2024, the median household income in the United States was 83,730 U.S. dollars. This reflected an increase from the previous year.

Household income

The median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. 

The median household income in the United States varied from state to state. In 2024, Massachusetts recorded the highest median household income in the country, at  113,900 U.S. dollars. On the other hand, Mississippi, recorded the lowest, at  55,980 U.S. dollars.

Household income is also used to determine the poverty rate in the United States. In 2024,  10.6 percent of the U.S. population was living below the national poverty line. This was the lowest level since 2019. Similarly, the child poverty rate, which represents people under the age of 18 living in poverty, reached a three-decade low of 14.3 percent of the children. 

The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.52 in 2024. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality, while a score of one indicates complete inequality.