November 2018 Median Household Income

Posted: Jan 04, 2019 9:38 AM

Median household income in the United States rose to $63,554 in November 2018, a 0.5% increase over the Sentier Research's estimate of $63,220 for October 2018. The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January 2000 through November 2018. The inflation-adjusted figures are presented in terms of constant November 2018 U.S. dollars. 

2018 has seen a remarkably strong growth trend in median household income in the United States. In both nominal and inflation-adjusted terms, the income earned by the typical American household at the middle of the nation's distribution of income has set new record highs in each of the last eleven months in both nominal and inflation-adjusted terms.

November 2018 saw the year-over-year growth rate of nominal median household income in the U.S. tick down from October 2018's record high value for the monthly data series, which extends back to January 2001.

Overall, with just December 2018's data left to be processed to close out the year, it appears that 2018 is set to become one of the best years ever for income gains for typical American households.