What is average household income in United States?
The Household income in the United States is a measure of private wealth commonly used by the United States government and private institutions. To measure the income of a household, the pre-tax earnings of all residents over the age of 15 are combined. The residents of the household do not have to be related to the householder for their earnings to be considered part of the household’s income.[1] The use of household income is often seen as the most dependable measure of personal wealth, as people tend to live in households that include other wage earners besides themselves. In 2004, the median annual household income according to the US Census Bureau was determined to be $43,389,[2] nearly identical to that of Canada which was roughly $41,510 (USD) in the year 2000.[3] The median income per household member (including all working and non-working members above the age of 14) in the year 2003 was $23,535.[4] In the year 2005, there were approximately 113,146,000 households in the Unite
