This indicator compares both the median income per household and per family.
This indicator is part of Career opportunities.
This indicator compares both the median income per household and per family for Albuquerque, our peer cities, and the United States. The four year average annual growth rate from 2007 to 2011 is also included. A household is defined as all people who occupy a housing unit. A family is defined as two or more people, residing together, who are related by birth, marriage or adoption. Because many households consist of only one person, household income is usually less than family income. Income is from all sources. The data are medians, meaning half of the households/families have incomes higher and half have lower. Median incomes do not factor in differences in the cost of living.
Why is this indicator relevant?
Median household and family incomes are some of the best income measures available. They indicate how well a household or family is doing financially. Ideally, the median income in Albuquerque should be equal to or greater than the incomes for the U.S. as a whole. Comparison with other southwestern cities shows how well Albuquerque fairs with similar cities in the region.
Rollover and click the interactive graphs to make comparisons
U.S. Department of Commerce; American Community Survey, Bureau of Census.
What can we tell from the data?
- Median income in Albuquerque has grown at relatively the same rate as the U.S. as a whole. Median household income has remained flat to 2007 levels as the rate of the U.S. has dropped slightly. Median family income has dropped in comparison to the U.S., however the U.S. growth is marginal in comparison.
- Albuquerque's household and family incomes have followed the same trend since 2005 with family income roughly 25% higher than household over that period.
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