Overview

• Median household income rose 1.3% to $83,730 in 2024, essentially matching the 2019 peak within the margin of error.
• Income growth was concentrated at the top, with the highest-earning 10% up 4.2% to $251,000 versus a 2.2% rise to $19,900 for the bottom 10%.
• Racial patterns diverged: Asian (+5.1% to $121,700) and Hispanic (+5.5% to $70,950) medians increased, White was little changed at $92,530, and Black fell 3.3% to $56,020.
• The gender pay gap widened as men’s full-time earnings rose about 3.7% while women’s were flat, putting women at 80.9% of men’s earnings.
• The official poverty rate slipped to 10.6% as the supplemental measure held at 12.9%, underscoring limited improvement for lower-income households.