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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 Median Salary? To find out what the median salary is for a particular occupation, one arranges the salaries of all individuals working in it in numerical order. The middle amount on the list is the median when there is an odd number of data. When there is an even number, the median is calculated by averaging the middle two salaries.