BusinessMarch 1, 1999
BUSINESS MEMO: HOUSEHOLD INCOMES
The U.S. Department of Commerce will update its employment, income and poverty numbers during the week of March 14. Census Bureau data show that last March the nation's unemployment rate was 4.7 percent, median household income in 1997 was $37,005, and the proportion of the nation's population in poverty for 1997 was 13.3 percent...
The U.S. Department of Commerce will update its employment, income and poverty numbers during the week of March 14.
Census Bureau data show that last March the nation's unemployment rate was 4.7 percent, median household income in 1997 was $37,005, and the proportion of the nation's population in poverty for 1997 was 13.3 percent.
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Alaska had the best household income, with a three-year average of $50,829, (1995-1996-1997), ahead of New Jersey, at $47,612. Rounding out the top five states in three-year medium income of households were Maryland at $44,970, Connecticut at $43,151 and Colorado at $42.664.
Missouri's median income for that period was $36,093; Illinois' was $40,613; Kentucky's, $32,668; and Arkansas', $27,031.
The lowest household income in the nation was West Virginia at $26,505, which finished below Arkansas, New Mexico at $27,709 and Mississippi at $27,912.
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