What Was The Median Household Income In America In 2022?

It’s that time of year when the Census Bureau releases the official income data for the U.S.  Of course because they work at government speed the data are for last year – 2022.  But 2023 isn’t over yet so cut them some slack. 

And as always they make the data release as confusing as possible with “preliminary data” and final data, making the job of bloggers like me who are somehow still interested in this that much more difficult. 

But enough complaining, this blog pays for my private jet and the girls I keep by the pool, so it’s all about perspective.  Let’s get to the data!

 

2022 Median Household Income

The median household income in American in 2022 was $74,580.  Always remember to read that correctly – median means the middle (not the average).  And household means exactly that, it’s not individual income.  The Census Bureau official number on persons per household in 2022 was 2.5, but of course all of those people do not earn income. 

I grabbed the official data by state – which takes an extraordinary amount of search-sleuthing even in this age of AI bots – and threw it in the intake portal of my magic mapping machine.  Here’s what it kicked out (click for larger version).

Median Household Income

 

 

The three states with the highest median household income are:

  • Maryland $108,200  
  • Utah $95,800
  • Massachusetts $93,550

(Note: D.C. is not a state but if it were it would rank second)

 

The three states with the lowest median household income are:

  • Mississippi $48,610
  • West Virginia $52,460
  • Arkansas $53,980

 

Trends?

For anyone who follows these trends it would appear there aren’t really any surprises here.  The south and especially the southeast states have the lowest general household incomes, while the coastal states are generally higher. 

I did notice that Washington state, Oregon, and New Hampshire got kicked out of the top category that they were in from 2021.  They were replaced by Alaska, Connecticut, and Minnesota.  The categories are classified by equal count for you map dorks out there.

It does seem that the gap between the high and low is getting bigger.  The median household income in Maryland is more than 2.2 times higher than in Mississippi.  Sure the COL in Maryland is much higher as a whole, but folks surely aren’t paying more than 2x the cost of goods and services in Maryland than they are in Mississippi across the board. 

Since I have at least over 10 readers of this blog, anyone who spends time in both Maryland and Mississippi please chime in on that statement above.  I know a microbrew at your average bar or restaurant in Maryland usually runs about $5 – $7.  That would be a ‘normal’ place, not a kitschy, hipster bar in Baltimore or a high-end place.  Could it really be less than $2.50 in Mississippi?  If so I have many friends who will be flocking there 🙂

 

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Dave @ Accidental FIRE

I reached financial independence and semi-retired in my mid-40's through hard work, smart living, and investing. This blog chronicles my journey and explores many aspects of personal finance including the psychological and behavioral factors that drive our habits.

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10 Responses

  1. you ever been to the eastern shore or maryland with all the chicken farms? it’s certainly a dichotomy from the DMV area as far as costs. it reminds me of the northern ny state communities versus the high cost cesspool of ny city. you can get a cheap beer up there.

    • Dave @ Accidental FIRE says:

      Oh yeah, when you grow up in Balto the Eastern Shore of MD/VA is right next door and on the way to the beaches so I’ve spent a ton of time there. Plus I love paddling and fishing and there’s endless opportunities to get on the Chesapeake or one of the feeder rivers from the Eastern Shore. It’s mostly agricultural and like you said it’s 100% different than anything on the west side of the Chesapeake. I don’t care too much for the pan-flat terrain, but the ubiquitous access to water and water activities is a huge draw for me. The COLs on the Eastern Shore are mostly very low minus some of the more popular tourist places like St. Michaels. Go in mid/late summer and get some Silver Queen corn, it’s a MD specialty and amazing.

  2. Sherrie Nicholson says:

    Thank you for the information. Love your blog! My Mom and I travel to Biloxi, Mississippi a couple of times a year and try to spend a lot of money to help the Mississippi economy!

    • Dave @ Accidental FIRE says:

      Mississippi is one of the very few states that I have yet to visit but finishing all 50 is a priority so I will get there 🙂

  3. Good stuff as always Dave. I borrowed your map and linked back to this article in my latest piece on median net worth and median real estate ownership by percentile.

  4. Jim says:

    Montana seems to be increasing, I think its being discovered by a lot of ex-Californians who are leaving the unaffordable land of make believe, and setting up profitable shops in more business friendly states to the east. You go Bobcats!

    • Dave @ Accidental FIRE says:

      “unaffordable land of make believe”, haha love that. Folks have been fleeing Cali for sure and places like Idaho, Texas, Colorado, and Florida are often their landing points. Perhaps Montana too

  5. Wow who would have thought that Utah was so far ahead of California, and even MN! CO is a given, so much money there now.

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