Overview

• Median household income was $83,730 in 2024, a 1.3% rise from 2023 that the Census Bureau does not consider statistically significant and essentially in line with 2019.
• The official poverty rate edged down to 10.6% with an estimated 35.9 million people in poverty, while the supplemental poverty measure held at 12.9%.
• Income gains were concentrated at the top as the 90th percentile rose about 4.2% to roughly $251,000, with little real improvement for middle- and lower-income households.
• By group, median income rose 5.1% for Asian households to about $121,700 and 5.5% for Hispanic households to about $70,950, fell 3.3% for Black households to about $56,020, and the female-to-male full-time earnings ratio slipped to 80.9% as men’s earnings grew 3.7% and women’s were flat.
• Health coverage remained near historic lows for the uninsured at about 8% as Medicaid enrollment declined to 17.6%, and separate American Community Survey data showed a slight dip in inequality with median income at $81,604.