Here’s the Median Household Income Of Americans Over the Last 40 Years
A lot has changed in the last 40 years in America — trends, politics and money. The median household income for Americans has seen a steady rise, with a few dips here and there, since 1984. According to the Federal Reserve Bank of St. Louis, here is the median household income for each year over the last four decades.
The report lists that these are estimations of median incomes in the U.S. as of March 2024. Data did not include information for 2023 and 2024.
Also see which U.S. cities have highest and lowest incomes.
For You: Here’s How Much the Definition of Middle Class Has Changed in Every State
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1984
Median household income: $56,780
Find Out: 6 Reasons the Poor Stay Poor and Middle Class Doesn’t Become Wealthy
For You: Net Worth for Gen X: How To Tell If You’re Poor, Middle-Class, Upper Middle-Class or Rich
1985
1986
Median household income: $60,010
1987
Median household income: $60,760
1988
Median household income: $61,210
1989
1990
Median household income: $61,500
1991
1992
1993
Median household income: $58,920
Be Aware: 7 Popular Clothing Brands the Middle Class Can’t Afford Anymore
1994
1995
Median household income: $61,440
1996
Median household income: $62,350
1997
Median household income: $63,640
Find Out: Here’s How Much the Definition of Rich Has Changed in Every State
1998
Median household income: $65,980
1999
Median household income: $67,650
2000
Median household income: $67,470
2001
Median household income: $66,360
Explore Next: Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich
2002
Median household income: $65,820
2003
Median household income: $65,860
2004
Median household income: $65,760
2005
Median household income: $66,780
Discover More: I’m a Financial Advisor: Here’s Why My Rich Clients Identify With the Middle Class
2006
Median household income: $67,520
2007
Median household income: $68,610
2008
Median household income: $66,280
2009
Median household income: $65,850
Trending Now: Net Worth for US Families: How To Tell if You’re Poor, Middle Class, Upper Middle Class or Rich
2010
Median household income: $64,300
2011
Median household income: $63,350
2012
Median household income: $63,350
2013
Median household income: $65,740
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2014
Median household income: $64,900
2015
Median household income: $68,410
2016
Median household income: $70,840
2017
Median household income: $72,090
Check Out: I’m a Bank Teller: 9 Reasons You Should Never Ask for $2 Bills From the Bank
2018
Median household income: $73,030
2019
Median household income: $78,250
2020
2021
Median household income: $76,330
See More: 8 Rare Coins Worth Millions That Are Highly Coveted by Coin Collectors
A lot has changed in the last 40 years in America — trends, politics and money. The median household income for Americans has seen a steady rise, with a few dips here and there, since 1984. According to the Federal Reserve Bank of St. Louis, here is the median household income for each year over the last four decades.
The report lists that these are estimations of median incomes in the U.S. as of March 2024. Data did not include information for 2023 and 2024.
Also see which U.S. cities have highest and lowest incomes.
For You: Here’s How Much the Definition of Middle Class Has Changed in Every State
See More: 4 Genius Things All Wealthy People Do With Their Money
1984
Median household income: $56,780
Find Out: 6 Reasons the Poor Stay Poor and Middle Class Doesn’t Become Wealthy
For You: Net Worth for Gen X: How To Tell If You’re Poor, Middle-Class, Upper Middle-Class or Rich
1985
1986
Median household income: $60,010
1987
Median household income: $60,760
1988
Median household income: $61,210
1989
1990
Median household income: $61,500
1991
1992
1993
Median household income: $58,920
Be Aware: 7 Popular Clothing Brands the Middle Class Can’t Afford Anymore
1994
1995
Median household income: $61,440
1996
Median household income: $62,350
1997
Median household income: $63,640
Find Out: Here’s How Much the Definition of Rich Has Changed in Every State
1998
Median household income: $65,980
1999
Median household income: $67,650
2000
Median household income: $67,470
2001
Median household income: $66,360
Explore Next: Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich
2002
Median household income: $65,820
2003
Median household income: $65,860
2004
Median household income: $65,760
2005
Median household income: $66,780
Discover More: I’m a Financial Advisor: Here’s Why My Rich Clients Identify With the Middle Class
2006
Median household income: $67,520
2007
Median household income: $68,610
2008
Median household income: $66,280
2009
Median household income: $65,850
Trending Now: Net Worth for US Families: How To Tell if You’re Poor, Middle Class, Upper Middle Class or Rich
2010
Median household income: $64,300
2011
Median household income: $63,350
2012
Median household income: $63,350
2013
Median household income: $65,740
Learn More: Toilet Paper to Discontinued Items: 7 Ways Shrinkflation Has Come to Costco
2014
Median household income: $64,900
2015
Median household income: $68,410
2016
Median household income: $70,840
2017
Median household income: $72,090
Check Out: I’m a Bank Teller: 9 Reasons You Should Never Ask for $2 Bills From the Bank
2018
Median household income: $73,030
2019
Median household income: $78,250
2020
2021
Median household income: $76,330
See More: 8 Rare Coins Worth Millions That Are Highly Coveted by Coin Collectors
2022
Median household income: $74,580
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