‘s initial estimate of U.S. median household income in September 2024 is . This figure is $745 (0.9%) higher than the firm’s initial estimate of median household income in August 2024 of .Motio Research’s estimates are based on income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. The firm adjusts its monthly estimates to account for the effects of seasonality and inflation in its data, presenting its results in the form of an index with the median household income of January 2010 assigned a value of 100. The initial value of the firm’s U.S. Real Median Household Income Index for March 2024 is 117.4.The following of Motio Research’s shows how this index has changed from January 2010 through September 2024:Analyst’s NotesPolitical Calculations produces estimates of median household income that complement the monthly survey-based estimates produced by Motio Research. Our initial estimate of median household income in September 2024 based upon our is , which is $356 (0.4%) higher than our initial estimate of for August 2024. Our median household income estimate is $134 (0.2%) less than Motio Research’s September 2024 estimate.The latest update to Political Calculations’ tracking Median Household Income in the 21st Century shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January 2000 through August 2024. The inflation-adjusted figures are presented in terms of constant September 2024 U.S. dollars and are not seasonally adjusted, unlike the data used to produce Motio Research’s Household Income index:Political Calculations’ monthly median household income estimates are derived from the Bureau of Economic Analysis’ monthly aggregate wage and salary estimates for the U.S. population. For September 2024, this data includes small revisions to previously reported data for July 2024 (+0.057%) and August 2024 (+0.124%).For the latest in our coverage of median household income in the United States, !ReferencesU.S. Bureau of Economic Analysis. Table 2.6. Personal Income and Its Disposition, Monthly, Personal Income and Outlays, Not Seasonally Adjusted, Monthly, Middle of Month. Population. []. Last Updated: 31 October 2024. Accessed: 31 October 2024.U.S. Bureau of Economic Analysis. Table 2.6. Personal Income and Its Disposition, Monthly, Personal Income and Outlays, Not Seasonally Adjusted, Monthly, Middle of Month. Compensation of Employees, Received: Wage and Salary Disbursements. []. Last Updated: 31 October 2024. Accessed: 31 October 2024.U.S. Department of Labor Bureau of Labor Statistics. Consumer Price Index, All Urban Consumers – (CPI-U), U.S. City Average, All Items, 1982-84=100. Not seasonally adjusted. []. Last Updated: 10 October 2024. Accessed: 10 October 2024.More By This Author:New Home Sales Rise As Mortgage Rates Fall In September 2024, But Headwinds Build In October How Much Should You Save For Your Emergency Fund S&P 500 Retreats As Bearish Change In Interest Rates Scares Bulls
Median Household Income In September 2024
