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.