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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.
There's a large difference between what our perception of a middle-class lifestyle is and what the statistics tell us the middle is.. Strictly speaking, the median, or middle, household income in the United States today is $50,054.That's easy.here's a large difference between what our perception of a middle-class lifestyle is and what the statistics tell us the middle is.. Strictly speaking, the median, or middle, household income in the United States today is $50,054.