Blog Post

How Meaningful are Median Household Income Estimates?

By: James A. Wood

Utah’s median household income in 2014 was $63,383, the tenth highest among all states and DC.  This is not unfamiliar territory for Utah.  The state has consistently been ranked among the top states in median household income.  In 2008, Utah ranked fifth in median household income with a record high of $68,765 in inflation adjusted 2014 dollars.  While these are impressive numbers, they are numbers that should in fact be used with caution.