Department of Numbers

Thursday August 22, 2013

Median household income rose, but not by enough to make up for the fall it endured during the recession.

Although median annual household income rose to $52,100 in June, from its recent inflation-adjusted trough of $50,700 in August 2011, it remained $2,400 lower — a 4.4 percent decline — than in June 2009, when the recession ended. This drop, combined with the 1.8 percent decline that occurred during the recession, leaves median household income 6.1 percent — or $3,400 — below its level in December 2007, when the economic slump began.

See also here.

The ACS income data (and new rent data) I report will be released next month and we'll get to see how income has changed across the states and metro areas.