Median Income
- The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount.
- It may differ from the mean (or average) income. The income that occurs most frequently is the income mode. Each of these is a way of understanding income distribution.
- Median income can be calculated by household income, by personal income, or for specific demographic ....
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