WASHINGTON (AP) — The income for the typical U.S. household barely rose last year and essentially matched its 2019 peak, the Census Bureau said Tuesday, as stubbornly high inflation offset wage gains.
The report also showed that the highest-earning households received healthy inflation-adjusted income increases, while middle- and lower-income households saw little gains.
Median household income, adjusted for inflation, in 2024 was $83,730, the Census Bureau said, a 1.3% increase from the previous year’s level of $82,690. The median is the midpoint between the highest- and lowest-income households, and helps filter out the impact of very high and very low incomes that can skew averages.
The figures help illustrate why many Americans have been dissatisfied with the economy: Median househo