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Median Household Income
Shows the median household income. This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one person, average household income is usually less than average family income. Although the household income statistics cover the past 12 months, the characteristics of individuals and the composition of households refer to the time of interview. Thus, the income of the household does not include amounts received by individuals who were members of the household during all or part of the past 12 months if these individuals no longer resided in the household at the time of interview. Similarly, income amounts reported by individuals who did not reside in the household during the past 12 months but who were members of the household at the time of interview are included. However, the composition of most households was the same during the past 12 months as at the time of interview. 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 and families including those with no income. The median income for individuals is based on individuals 15 years old and over with income. Median income for households, families, and individuals is computed on the basis of a standard distribution.
Measurement Period: 2011-2015
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Peers included in this indicator:
- Peer counties are those counties similar in population composition and selected demographics.
Of the peer counties, only the ones that have data for the same indicator/time frame have been included.
This county has 22 peer counties
Peer counties (counties and county-like geographic areas) in stratum number 73
were stratified on the basis of the following factors: Frontier Status, Population Size, Poverty, Age, Population Density
All Peer Counties for Somerset
Prince Edward, VA;