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Median income
Topic: Finance
From HandWiki - Reading time: 12 min
The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. The median can be calculated for household income, personal income or disposable income.
Measure
The median income differs from the national average salary or GDP per capita due to the income distribution.[1] The median income is an economic indicator of the standard of living for the median person in a country.[2][3] Median income growth correlates with consumer confidence.[4] In line with the median voter theorem the median income growth is a democratic indicator of economic growth.[5]
The measurement of income from individuals and households, which is necessary to produce statistics such as the median, can pose challenges and can yield results inconsistent with aggregate national accounts data. For example, an academic study on the Census income data claims that when correcting for underreporting, U.S. median gross household income was 15% higher in 2010.[6]
Median equivalised household disposable income
The median equivalised household disposable income is the median of the disposable income which is equivalised by dividing household income by the square root of household size; the square root is used to acknowledge that people sharing accommodation benefit from pooling at least some of their living costs.[8][9] The median equivalised disposable income for individual countries corrected for purchasing power parity (PPP) for 2021 in United States dollars is shown in the below table.[7] Template:Sticky table start
| Location | 2021 (USD PPP) |
|---|---|
 Luxembourg |
49,748 |
 United States |
46,625 |
 Norway |
41,621 |
| File:Flag of Switzerland (Pantone).svg Switzerland | 39,698 |
 Canada |
39,388 |
 Austria |
37,715 |
 Belgium |
37,110 |
 Iceland |
36,853 |
 Australia |
36,835 |
 Netherlands |
35,891 |
 Germany |
35,537 |
 Denmark |
34,061 |
 Sweden |
33,472 |
 New Zealand |
32,158 |
 South Korea |
31,882 |
 Ireland |
31,392 |
 Finland |
30,727 |
 France |
30,622 |
 Slovenia |
28,698 |
 Italy |
27,949 |
 United Kingdom |
26,884 |
 Spain |
26,630 |
 Estonia |
26,075 |
 Poland |
24,264 |
 Czech Republic |
23,802 |
 Israel |
21,366 |
 Japan |
21,282 |
 Lithuania |
20,856 |
 Latvia |
19,908 |
 Croatia |
19,680 |
| File:Flag of Portugal (official).svg Portugal | 19,147 |
 Greece |
16,774 |
 Slovak Republic |
16,410 |
 Romania |
15,898 |
 Hungary |
15,361 |
 Bulgaria |
14,990 |
 Turkey |
10,341 |
 Chile |
10,101 |
 Costa Rica |
8,915 |
 Mexico |
6,090 |
 South Africa |
6,068 |
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Median Daily Disposable Income per person
| 70–100 60–70 50–60 40–50 | 30–40 20–30 10–20 5–10 | 2–5 0–2 No data |
The following table shows the daily median per person income after taxes and transfers according to the Poverty and Inequality Platform of the World Bank.[10][11]
| Country | Daily median income in USD (2021 PPP) |
Annual growth (%) |
Year |
|---|---|---|---|
 Albania |
9.79 | 5.7 | 2018 |
| Australia |
59.90 | 2020 | |
| Austria |
71.44 | -1.7 | 2023 |
| Belgium |
62.89 | 3.0 | 2023 |
 Bolivia |
16.85 | 2.7 | 2023 |
 Brazil |
15.74 | 6.1 | 2023 |
| Bulgaria |
30.18 | 9.4 | 2023 |
| Canada |
64.72 | -2.2 | 2022 |
| Chile |
24.57 | 2024 | |
 Colombia |
11.28 | 5.5 | 2023 |
| Costa Rica |
23.18 | 10.6 | 2025 |
| Croatia |
36.73 | 16.2 | 2023 |
 Cyprus |
52.14 | 5.8 | 2023 |
| Czech Republic |
39.07 | -1.0 | 2023 |
| Denmark |
60.72 | -0.5 | 2023 |
 Dominican Republic |
17.48 | 11.5 | 2024 |
 Ecuador |
12.09 | -2.6 | 2024 |
 El Salvador |
11.88 | 5.6 | 2023 |
| Estonia |
36.52 | -0.9 | 2023 |
| Finland |
56.48 | -0.1 | 2023 |
| France |
57.21 | 0.3 | 2023 |
| Germany |
64.18 | -1.3 | 2022 |
| Greece |
28.91 | 3.7 | 2023 |
 Guatemala |
8.73 | 2023 | |
 Honduras |
8.35 | 11.0 | 2024 |
| Hungary |
22.14 | 6.5 | 2017 |
| Iceland |
60.63 | -0.2 | 2019 |
| Ireland |
50.49 | 0.8 | 2023 |
| Israel |
37.48 | 6.2 | 2021 |
| Italy |
48.79 | -2.3 | 2023 |
| Japan |
42.24 | 5.1 | 2020 |
 Kosovo |
10.45 | 18.8 | 2022 |
| Latvia |
32.95 | 4.2 | 2023 |
| Lithuania |
37.60 | 2.1 | 2023 |
| Luxembourg |
89.49 | 2.3 | 2023 |
 Malaysia |
29.55 | 2021 | |
 Malta |
53.52 | -1.0 | 2022 |
| Mexico |
12.49 | 2022 | |
 Montenegro |
17.78 | 10.8 | 2021 |
| Netherlands |
69.09 | 1.5 | 2021 |
 North Macedonia |
15.52 | 8.7 | 2019 |
| Norway |
77.76 | 2.5 | 2023 |
 Panama |
18.58 | 3.8 | 2024 |
 Paraguay |
14.92 | 4.1 | 2024 |
 Peru |
10.67 | 4.1 | 2024 |
 Philippines |
7.21 | 2023 | |
| Poland |
38.84 | 1.6 | 2023 |
| File:Flag of Portugal (official).svg Portugal | 33.68 | 4.6 | 2023 |
 Qatar |
73.36 | 2017 | |
| Romania |
29.85 | 7.5 | 2023 |
 Russia |
33.62 | 9.4 | 2023 |
 Serbia |
19.18 | 3.4 | 2022 |
| File:Flag of the Seychelles.svg Seychelles | 21.00 | 2018 | |
| Slovakia |
24.46 | -1.0 | 2023 |
| Slovenia |
49.24 | 1.8 | 2023 |
| South Korea |
54.40 | 5.2 | 2021 |
| Spain |
47.30 | 2.1 | 2023 |
| Sweden |
55.60 | -0.7 | 2023 |
| File:Flag of Switzerland (Pantone).svg Switzerland | 72.29 | -1.1 | 2022 |
 Taiwan |
46.23 | -0.9 | 2021 |
| Turkey |
19.94 | 4.0 | 2022 |
 United Arab Emirates |
76.52 | 2018 | |
| United Kingdom |
54.65 | 1.2 | 2021 |
| United States of America |
72.07 | 3.2 | 2024 |
 Uruguay |
26.84 | 3.7 | 2024 |
 Uzbekistan |
13.78 | 9.8 | 2024 |
See also
- List of U.S. states and territories by income
- Disposable household and per capita income
- List of countries by average wage
- List of countries by wealth per adult
References
- ↑ Nolan, Brian; Roser, Max; Thewissen, Stefan (September 2019). "GDP Per Capita Versus Median Household Income: What Gives Rise to the Divergence Over Time and how does this Vary Across OECD Countries?" (in en). Review of Income and Wealth 65 (3): 465–494. doi:10.1111/roiw.12362. ISSN 0034-6586. https://onlinelibrary.wiley.com/doi/10.1111/roiw.12362.
- ↑ Birdsall, Nancy; Meyer, Christian J. (2015). "The Median is the Message: A Good Enough Measure of Material Wellbeing and Shared Development Progress". Global Policy 6 (4): 343–357. doi:10.1111/1758-5899.12239. ISSN 1758-5880. https://onlinelibrary.wiley.com/doi/10.1111/1758-5899.12239. Retrieved 2026-03-18.
- ↑ Nolan, Brian; Roser, Max; Thewissen, Stefan (2018). "GDP Per Capita Versus Median Household Income: What Gives Rise to the Divergence Over Time and how does this Vary Across OECD Countries?". Review of Income and Wealth 65 (3): 465–494. doi:10.1111/roiw.12362. ISSN 0034-6586.
- ↑ Nordhaus, William D (1998). "Quality Change in Price Indexes". Journal of Economic Perspectives 12 (1): 59–68. doi:10.1257/jep.12.1.59. ISSN 0895-3309. https://pubs.aeaweb.org/doi/10.1257/jep.12.1.59. Retrieved 2026-04-17.
- ↑ Aitken, Andrew; Weale, Martin (2020). "A Democratic Measure of Household Income Growth: Theory and Application to the United Kingdom". Economica 87 (347): 589–610. doi:10.1111/ecca.12329. ISSN 0013-0427. https://onlinelibrary.wiley.com/doi/10.1111/ecca.12329. Retrieved 2026-03-25.
- ↑ Fixler, Dennis; Johnson, David S. (September 30, 2012). "Accounting for the Distribution of Income in the U.S. National Accounts". NBER Conference on Research in Income and Wealth. Table 3. https://bea.gov/about/pdf/Fixler_Johnson.pdf.
- ↑ 7.0 7.1 OECD (20 June 2024). Society at a Glance 2024: OECD Social Indicators, Figure 4.1 Median income varies by a factor eight across OECD countries. OECD. https://www.oecd.org/en/publications/2024/06/society-at-a-glance-2024_08001b73/full-report/component-12.html#indicator-d1e8404-8cd0a55a48.
- ↑ "Income Distribution Database". https://stats.oecd.org/Index.aspx?DataSetCode=IDD.
- ↑ [ds=DisseminateFinalDMZ&df[id]=DSD_WISE_IDD%40DF_IDD&df[ag]=OECD.WISE.INE&dq=.A..MEDIAN.._T.METH2012.D_CUR.&pd=2010%2C&to[TIME_PERIOD]=false&ly[cl]=TIME_PERIOD&ly[rw]=REF_AREA%2CCOMBINED_MEASURE&vw=tb "OECD Data Explorer, Income distribution database, Median, Disposable Income"]. https://data-explorer.oecd.org/vis?df[ds]=DisseminateFinalDMZ&df[id]=DSD_WISE_IDD%40DF_IDD&df[ag]=OECD.WISE.INE&dq=.A..MEDIAN.._T.METH2012.D_CUR.&pd=2010%2C&to[TIME_PERIOD]=false&ly[cl]=TIME_PERIOD&ly[rw]=REF_AREA%2CCOMBINED_MEASURE&vw=tb.
- ↑ 10.0 10.1 "Poverty and Inequality Platform (PIP): Percentiles". World Bank. 2026. Welfare type: Income. https://datacatalog.worldbank.org/search/dataset/0063646/poverty-and-inequality-platform-pip-percentiles.
- ↑ "Median income or consumption per day, 1963 to 2026". Our World in data. 2026. https://ourworldindata.org/grapher/daily-median-income?country=.
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