- The median household income was $67,521 in 2020, a dip of 2.9 percent compared to 2019 where such variable is at $69,560. According to the Census Bureau, this is “the first statistically significant decline in median household income since 2011.”
- There is a fall of 3.2 percent and 3.1 percent for real median incomes of family household and nonfamily households in 2020 as compared to the 2019 estimates.
- Median household incomes by race has also adapted a similar pattern among non-Hispanic Whites, Asians, and Hispanics where they had a decrease in their median household incomes in 2020 as compared to 2019 while Black households did not show statistically significant differences.
- As it relates to region, the Midwest experienced a decrease of 3.2 percent and the South and the West had a 2.3 percent decline as compared to the data in 2019. There is no statistically significant change in the Northeast.
Source: U.S. Census Bureau: https://www.census.gov/library/publications/2021/demo/p60-273.html