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The median household income in 2024 was $83,730, which is not statistically different from the 2023 figure of $82,690. Income trends varied across racial and ethnic groups: between 2023 and 2024, Asian households experienced a 5.1% increase in median income and Hispanic households saw a 5.5% rise, while Black households experienced a 3.3% decline. Median income levels for White and non-Hispanic White households remained largely unchanged during this period.
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Measures of income inequality, such as the Gini index, also showed no significant change from 2023 to 2024. While income at the 90th percentile grew by 4.2%, earnings at the 10th and 50th percentiles did not exhibit statistically meaningful shifts.
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Among full-time, year-round workers, median earnings for men increased by 3.7%, whereas earnings for women showed no significant change compared with the previous year. Consequently, the female-to-male earnings ratio dropped to 80.9% in 2024, down from 82.7% in 2023, marking the second consecutive year of decline in gender pay parity
Source: U.S. Census Bureau: https://www.census.gov/library/publications/2025/demo/p60-286.html