Sep 12, 2018

Median household earnings grow for third year in a row

Someone holding a handful of cash at an ATM

Photo: Robert Alexander/Getty Images

The median household income for Americans grew by 1.8% in 2017 to $61,400, with men and white Americans benefiting most, according to the newest Census data released Wednesday.

The big picture: This is the third year of growth for household median income, and there were 1.7 million more workers with earnings and 2.4 million more with full-time work. When adjusted for changes to the survey, the median income is not statistically different from pre-recession levels or the highest recorded median income in 1999, per the Census. Median earnings for men increased by 3%, while there was no significant change in women's earnings. White and Hispanic households saw a third consecutive year of increased income.

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