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Median income. Median income is the amount that 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. Median income can be calculated by household income, by personal income, or for specific demographic groups.
One is GDP per capita. This takes the total economic output (Gross Domestic Product) of a country and divides it by the number of people. In the U.S, it's around $48,000 a year. Another is median household income. This tells you the income for an average household, which is around 2.2 people per household.It's normally higher than income per capita. The median is the point where 50% of all households are above, and 50% are below. In the U.S., that's usually around $50,000 a year.nother is median household income. This tells you the income for an average household, which is around 2.2 people per household. It's normally higher than income per capita. The median is the point where 50% of all households are above, and 50% are below. In the U.S., that's usually around $50,000 a year.