# Is median income accurate?

**Is median income accurate?**In

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**Median** Household **Income** is a more **accurate** summary measure of **income**: **Median** household **income** is a more robust and **accurate** measure for summarizing **income** at the geographic level as compared to **average** household **income** since it is not affected by a small number of extremely high or low **income** outlier households.

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Also to know is, is median household income accurate?

**Median** figures can give a more **accurate** picture of **income** since averages can be skewed by outliers — i.e., **households** that make much more or much less than the majority of American **households**.

Similarly, why use median income instead of mean? The **mean** is higher than our **median** because the increased total **income** has an effect on the upper 1% but not on the worker “in the middle”. The **median** doesn’t care about the **income** of the 1%, but the **mean** does. The **average income** tells us how much money everyone could make in a perfectly equal society.

Also question is, what is the difference between median income and average income?

**Median income** is the amount which divides the **income** distribution into two equal groups, half having **income** above that amount, and half having **income** below that amount. **Mean income** (**average**) is the amount obtained by dividing the total aggregate **income** of a group by the number of units in that group.

What is the median income in 2019?

$63,688

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