Median Household Income by State: 2018 Update
The Census Bureau's annual household income report for 2018 was published in September. We've now compiled a few tables for the 50 states and DC based on the Current Population Survey, a joint undertaking of the Census Bureau and Bureau of Labor Statistics, which includes annual data from 1984 to 2018. The details are fascinating.
The median US income in 2018 was $63,179, up from $29,150 in 1984 — a 117% rise over the 34-year time frame. However, if we adjust for inflation chained in 2018 dollars, the 1984 median is $51,742, and the increase drops to 22.1%.
Peak Income Years
The peak annual median income for the US reached a new high in 2018. Here is an alphabetically sorted table showing the data for the 50 states and DC along with the US median data.
The alphabetical listing above makes it easy to find individual states, but for some additional insight, let's sort the data based on the decline from the peak year.
The median household incomes in 16 states have fared better than the US median as measured by the real percent declines from their respective peak years. A total of 34 states have suffered greater declines, with eight states dropping more than 10%. Alaska is the biggest loser, down 18.5% since its real median income peak in 1996.