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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.
When a data set has an even number of values, the average of the two values in the middle is usually used as the median. Median salary is simply the median of a set of salary data.hen a data set has an even number of values, the average of the two values in the middle is usually used as the median. Median salary is simply the median of a set of salary data.