Frequency: Annual. Household data are collected as of March. Estimation of Median Incomes. The Census Bureau has changed the methodology for computing median income over time. The Census Bureau has computed medians using either Pareto interpolation or linear interpolation. Currently, we are using linear interpolation to estimate all medians. Pareto interpolation assumes a decreasing density of population within an income interval, whereas linear interpolation assumes a constant density of population within an income interval.
All other estimates of median income and associated standard errors for through ASEC and almost all of the estimates of median income and associated standard errors for and earlier were calculated using linear interpolation.
Median incomes below those levels are more comparable from year to year since they have always been calculated using linear interpolation.
For an indication of the comparability of medians calculated using Pareto interpolation with medians calculated using linear interpolation, see Series P, Number , Money Income in of Families and Persons in the United States.
The specific dollar values change each year because they are based on the median income for the area. To be classified as a very low income household the income must be 50 percent of the median income for the area or less. All rights reserved. Home Dictionary Meanings Median-income Median-income meaning. Filters 0. A heatmap for the cool fall days October 28th, All Blog Topics.
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