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10 Facts Series:
Average Household Income |
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Show Me The
Money |
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During the twenty years ending in 2003 Average Household Income grew
thirty-three percent (33%), adjusted to current dollars. Income peaked in 1999, was
unchanged in 2000, declined over the next 2 years, and was unchanged in 2003 (see graph
below). Recessions in 1991 and 2001 briefly curtailed the steady rise. |
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What are the primary factors responsible for the dramatic growth in average
household income? While Nonfamily Households (unrelated people only) increased their share
of total households over the period by five percent, they now earn less than half the
income of Family Households (related family members plus any unrelated people). The rise
of income in family households more than compensated for the increased number of nonfamily
households. In addition, the top one-fifth of income earners in the U.S. has increased its
share of aggregate income to over 50 percent, resulting in steady upward pressure on the
average. |
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NOTE: Find the Average Household Income for your ZIP Code area by
checking
the 10
Basic Facts report. |
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| Change in Average Household Income |
| Percent Change Since 1983 (in Current Dollars) |
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| 2004 Average Household Income by State |
| NATIONAL AVERAGE HOUSEHOLD INCOME:$63,207 |
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2004 Average Household Income by
Top 5 and Bottom 5 ZIP Code Areas
ZIP Codes with Population of 20,000 or more; Source: US Census Bureau |
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TOP 5 ZIP
CODE AREAS
(Highest Average Household Income) |
| ZIP CODE |
PLACE |
AVG HH INC |
| 1) 06820 |
Darien, CT |
233,072 |
| 2) 60093 |
Winnetka, IL |
226,512 |
| 3) 60045 |
Lake Forest, IL |
219,924 |
| 4) 95070 |
Saratoga, CA |
210,713 |
| 5) 94506 |
Danville, CA |
209,637 |
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BOTTOM 5
ZIP CODE AREAS
(Lowest Average Household Income) |
| ZIP CODE |
PLACE |
AVG HH INC |
| 1) 33130 |
Miami, FL |
21,612 |
| 2) 32304 |
Tallahassee, FL |
23,359 |
| 3) 40203 |
Louisville, KY |
23,949 |
| 4) 10474 |
Bronx, NY |
24,645 |
| 5) 19133 |
Philadelphia, PA |
24,981 |
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Ministry Reflection Questions |
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Review BASIC FACT 8 from the 10 Basic Facts report for your
ZIP code or the combined ZIP codes that make up your ministry area. Click on the logo to
get your 10 Facts report. |
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Look at the Average Household Income for your ministry area, listed on your
10 Basic Facts report. Is it above or below the national average? What are the likely
reasons for the difference, if any? Is there great disparity in household income within
your ministry area, or are most households close to the average? How do you think this
compares to the average household income in your congregation? |
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As you reflect upon the income characteristics of the households in your
ministry area, what are the possible opportunities and threats for your ministry as you
look to the future? How might those income characteristics affect the lifestyles and
primary concerns of the people in your ministry area? |
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© COPYRIGHT 2005 PERCEPT GROUP,
INC. |
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