The income value that falls in the middle of the income distribution ranked from lowest to highest. That is, it determines two equal groups, one having incomes above the median, and the other having incomes below the median. The medians for households, families and unrelated individuals are based on all households, families and unrelated individuals. The medians for persons are based on persons aged 15 or over with income.
The median represents the middle of the income, dividing the income distribution into two equal parts, one having income above the median and the other having income below the median.
A determination made through statistical methods establishing a middle point for determining income limits. Median is the amount that divides the distribution into two equal groups: one group having income above the median and the other group having income below the median.
The middle income in a series of incomes ranked from smallest to largest.
The income level at which half of the population receive more income and half receive less. Each year HUD establishes the Median Income for states and metropolitan areas based on household size. HUD revised these figures periodically
The median income is the amount which divides the distribution into two equal groups, one having incomes above the median and the other having incomes below the median.
The middle income level. Half of the incomes would be higher than the median income and half of the incomes would be below the median income. This is not to be confused with an average income.
The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. For households and families, the median income is based on the distribution of the total number of households or families including those with no income. The median for individuals is based on individuals 15 years and over with income. This measure is rounded to the nearest whole dollar.
This is a statistical number set at the level where half of all households have income above it and half below it. The U.S. Department of Housing and Urban Development Regional Economist calculates and publishes this median income data annually in the Federal Register. Reference: www.phada.org/ha_list.php
The average annual income in a particular city or county i.e. Median annual income is the income at which half of households are above and half below median income in metropolitan area. Median Income measurements are used to determine eligibility for public assistance for individuals or families whose income falls below the median income.
Median income divides the income distribution into two equal parts, one with residents having incomes above the median and the other with residents having incomes below the median. Median family and household incomes are based on the distribution of the total number of units including those with no income. However, the median income calculation for persons is based on persons with income.
The median income divides the income distribution into two equal groups, one having incomes above the median, and other having incomes below the median. Related term: Income