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Median income

Macroeconomic indicator From Wikipedia, the free encyclopedia

The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. The median can be calculated for household income, personal income or disposable income.

Measure

The median income differs from the national average salary or GDP per capita due to the income distribution.[1] The median income is an economic indicator of the standard of living for the median person in a country.[2][3] Median income growth correlates with consumer confidence.[4] In line with the median voter theorem the median income growth is a democratic indicator of economic growth.[5]

The measurement of income from individuals and households, which is necessary to produce statistics such as the median, can pose challenges and can yield results inconsistent with aggregate national accounts data. For example, an academic study on the Census income data claims that when correcting for underreporting, U.S. median gross household income was 15% higher in 2010.[6]

Median equivalised household disposable income

Further information: Disposable household and per capita income
Annual median equivalised disposable income, in 2021, USD at PPP rates, by OECD country[7]

Disposable income is market income (income from work and capital) after accounting for public cash transfers received and direct taxes and social security contributions paid. It excludes in-kind services provided to households by governments and private entities, consumption taxes, and imputed income flows due to home ownership.[7].

The median equivalised household disposable income is the median household disposable income equivalised by dividing by the square root of household size; the square root is used to acknowledge that people sharing accommodation benefit from pooling at least some of their living costs.[8][9] The median equivalised disposable income for individual countries corrected for purchasing power parity (PPP) for 2021 in United States dollars is shown in the below table.[7]

More information Location, 2021 (USD PPP) ...
Median equivalised household disposable income
Location 2021 (USD PPP)
Luxembourg49,748
United States46,625
Norway41,621
 Switzerland39,698
Canada39,388
Austria37,715
Belgium37,110
Iceland36,853
Australia36,835
Netherlands35,891
Germany35,537
Denmark34,061
Sweden33,472
New Zealand32,158
South Korea31,882
Ireland31,392
Finland30,727
France30,622
Slovenia28,698
Italy27,949
United Kingdom26,884
Spain26,630
Estonia26,075
Poland24,264
Czech Republic23,802
Israel21,366
Japan21,282
Lithuania20,856
Latvia19,908
Croatia19,680
Portugal19,147
Greece16,774
Slovak Republic16,410
Romania15,898
Hungary15,361
Bulgaria14,990
Turkey10,341
Chile10,101
Costa Rica8,915
Mexico6,090
South Africa6,068
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Median Daily Disposable Income per person

Map of daily median income in USD (2021 PPP, Poverty and Inequality Platform, last available year)[10]

The following table shows the daily median per person income after taxes and transfers according to the Poverty and Inequality Platform of the World Bank.[10][11]

More information Country, Daily median income in USD (2021 PPP) ...
CountryDaily median income
in USD (2021 PPP)		Annual
growth (%)		Year
 Albania9.795.72018
 Australia59.902020
 Austria71.44-1.72023
 Belgium62.893.02023
 Bolivia16.852.72023
 Brazil15.746.12023
 Bulgaria30.189.42023
 Canada64.72-2.22022
 Chile24.572024
 Colombia11.285.52023
 Costa Rica23.1810.62025
 Croatia36.7316.22023
 Cyprus52.145.82023
 Czech Republic39.07-1.02023
 Denmark60.72-0.52023
 Dominican Republic17.4811.52024
 Ecuador12.09-2.62024
 El Salvador11.885.62023
 Estonia36.52-0.92023
 Finland56.48-0.12023
 France57.210.32023
 Germany64.18-1.32022
 Greece28.913.72023
 Guatemala8.732023
 Honduras8.3511.02024
 Hungary22.146.52017
 Iceland60.63-0.22019
 Ireland50.490.82023
 Israel37.486.22021
 Italy48.79-2.32023
 Japan42.245.12020
 Kosovo10.4518.82022
 Latvia32.954.22023
 Lithuania37.602.12023
 Luxembourg89.492.32023
 Malaysia29.552021
 Malta53.52-1.02022
 Mexico12.492022
 Montenegro17.7810.82021
 Netherlands69.091.52021
 North Macedonia15.528.72019
 Norway77.762.52023
 Panama18.583.82024
 Paraguay14.924.12024
 Peru10.674.12024
 Philippines7.212023
 Poland38.841.62023
 Portugal33.684.62023
 Qatar73.362017
 Romania29.857.52023
 Russia33.629.42023
 Serbia19.183.42022
 Seychelles21.002018
 Slovakia24.46-1.02023
 Slovenia49.241.82023
 South Korea54.405.22021
 Spain47.302.12023
 Sweden55.60-0.72023
 Switzerland72.29-1.12022
 Taiwan46.23-0.92021
 Turkey19.944.02022
 United Arab Emirates76.522018
 United Kingdom54.651.22021
 United States of America72.073.22024
 Uruguay26.843.72024
 Uzbekistan13.789.82024
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