Median income

Short description: Macroeconomic indicator

The median income is the income amount that divides a population into two equally-sized groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of understanding income distribution.

Median income can be calculated by household income, by personal income, or for specific demographic groups.

The measurement of income from individuals and households, which is necessary to produce statistics such as the median, can pose challenges and 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 (table 3).[1]

## Median equivalised income

Household incomes are sometimes adjusted by a factor that takes into account household size (and possibly composition). In that case, the adjusted, or "equivalised," income is assigned to each member of the household before statistics such as the median are computed at the individual level.[2][3]

The following table represents data from OECD's "median disposable income per person" metric; disposable income deducts from gross income the value of taxes on income and wealth paid and of contributions paid by households to public social security schemes.[4] The figures are equivalised by dividing income by the square root of household size. As OECD displays median disposable incomes in each country's respective currency, the values were converted here using PPP conversion factors for private consumption from the same source, accounting for each country's cost of living in the year that the disposable median income was recorded.[5] Data are in United States dollar s at current prices and current purchasing power parity for private consumption for the reference year.

Template:Sticky headerTemplate:Table alignment

| Country  | Median income
(US$, PPP)  | Year

|
|
|

1 |  Luxembourg | 47,568 | 2020
2 |  United States | 46,625 | 2021
3 |  Norway | 41,621 | 2021
4 |  Switzerland | 39,264 | 2019
5 |  Canada | 38,582 | 2020
6 |  Austria | 36,992 | 2020
7 |  Netherlands | 35,891 | 2021
8 |  Australia | 35,518 | 2020
9 |  Belgium | 35,153 | 2020
10 |  Iceland | 34,316 | 2017
11 |  Denmark | 33,569 | 2019
12 |  Sweden | 33,472 | 2021
13 |  Germany | 33,288 | 2019
14 |  New Zealand | 31,752 | 2020
15 |  Ireland | 30,818 | 2020
16 |  Finland | 30,727 | 2021
17 |  South Korea | 30,526 | 2020
18 |  France | 29,131 | 2019
19 |  Slovenia | 27,519 | 2020
20 |  Italy | 26,713 | 2020
21 |  United Kingdom | 25,383 | 2020
22 |  Spain | 25,288 | 2020
23 |  Estonia | 23,660 | 2020
24 |  Poland | 21,904 | 2020
25 |  Japan | 21,694 | 2018
26 |  Czech Republic | 21,063 | 2020
27 |  Lithuania | 21,034 | 2020
28 |  Israel | 20,833 | 2020
29 |  Portugal | 19,347 | 2020
30 |  Latvia | 18,665 | 2020
31 |  Croatia | 18,607 | 2020
32 |  Slovak Republic | 16,819 | 2019
33 |  Russia | 16,163 | 2017
34 |  Greece | 15,501 | 2020
35 |  Bulgaria | 14,661 | 2020
36 |  Hungary | 14,176 | 2020
37 |  Romania | 13,390 | 2020
38 |  Turkey | 11,242 | 2019
39 |  Chile | 10,058 | 2017
40 |  Costa Rica | 8,915 | 2021
41 |  Brazil | 6,942 | 2016
42 |  Mexico | 5,930 | 2020
43 |  South Africa | 5,489 | 2017
44 |  China | 4,484 | 2011
45 |  India | 2,473 | 2011

## See also

* Disposable household and per capita income
* List of countries by average wage
* List of countries by wealth per adult
* Income distribution
* Median income per household member

## References

1. ↑ 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. https://bea.gov/about/pdf/Fixler_Johnson.pdf.
2. ↑ "Terms of Reference, OECD Project on the Distribution of Household Incomes". July 2017. https://www.oecd.org/els/soc/IDD-ToR.pdf.
3. ↑ "Glossary: Equivalised disposable income". https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Equivalised_disposable_income.
4. ↑ Income Distribution Database OECD June 2023, retrieved 1 September 2023
5. ↑ "Income Distribution Database". https://stats.oecd.org/Index.aspx?DataSetCode=IDD.

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