Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.
Average household incomes need not map directly to measures of an individual's earnings such as per capita income as numbers of people sharing households and numbers of income earners per household can vary significantly between regions and over time.
Average household income can be used as an indicator for the monetary well-being of a country's citizens. Mean or median net household income, after taxes and mandatory contributions, are taken as indicators of standard of living, because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs.
Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group.
The list below represents a national accounts derived indicator for a country or territory's gross household disposable income per capita (including social transfers in kind). According to the OECD, 'household disposable income is income available to households such as wages and salaries, income from self-employment and unincorporated enterprises, income from pensions and other social benefits, and income from financial investments (less any payments of tax, social insurance contributions and interest on financial liabilities). 'Gross' means that depreciation costs are not subtracted.'[1] This indicator also takes account of social transfers in kind 'such as health or education provided for free or at reduced prices by governments and not-for-profit organisations.'[1] The data shown below is published by the OECD and is presented in purchasing power parity (PPP) in order to adjust for price differences between countries.
*Figures have been rounded to the nearest hundred; if data is unavailable for 2022, figures for 2021, 2020 or 2019 are shown.
Median equivalent adult incomeedit
The following table represents data from the OECD's "median disposable income per person" metric; disposable income deducts from gross income taxes on income and wealth as well as contributions paid by households to public social security schemes.[2] The figures are equivalised by dividing income by the square root of household size. As the OECD displays median disposable incomes in each country's respective currency, they have been converted (using PPP conversion factors for private consumption from the same source) in order to account for each country's cost of living in the year that the disposable median income was recorded.[3] Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year, figures are rounded to the nearest hundred.
The following table shows data from Eurostat on household median equivalised net income adjusted for differences in purchasing power between countries.[5] According to Eurostat, 'the total disposable income of a household is calculated by adding together the personal income received by all household members plus income received at household level. Disposable household income includes: All income from work (employee wages and self-employment earnings), private income from investment and property, transfers between households, all social transfers received in cash including old-age pensions.'[6] This indicator does not include non-monetary income components such as the value of goods produced for own consumption, social transfers in kind and non-cash employee income (except company cars). Furthermore, to take account of differences in household sizes, disposable income per household is equivalised.
^"Income and living conditions (ilc)". ec.europa.eu. Retrieved 21 December 2022.
External linksedit
December 07, 2023
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Household income is a measure of the combined incomes of all people sharing a particular household or place of residence It includes every form of income e g salaries and wages retirement income near cash government transfers like food stamps and investment gains Average household incomes need not map directly to measures of an individual s earnings such as per capita income as numbers of people sharing households and numbers of income earners per household can vary significantly between regions and over time Average household income can be used as an indicator for the monetary well being of a country s citizens Mean or median net household income after taxes and mandatory contributions are taken as indicators of standard of living because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs Median income is the amount that divides the income distribution into two equal groups half having income above that amount and half having income below that amount Mean income average is the amount obtained by dividing the total aggregate income of a group by the number of units in that group Contents 1 Disposable income per capita OECD 1 1 Mean 2 Median equivalent adult income 3 Median household net income Eurostat 4 See also 5 References 6 External linksDisposable income per capita OECD editMean edit The list below represents a national accounts derived indicator for a country or territory s gross household disposable income per capita including social transfers in kind According to the OECD household disposable income is income available to households such as wages and salaries income from self employment and unincorporated enterprises income from pensions and other social benefits and income from financial investments less any payments of tax social insurance contributions and interest on financial liabilities Gross means that depreciation costs are not subtracted 1 This indicator also takes account of social transfers in kind such as health or education provided for free or at reduced prices by governments and not for profit organisations 1 The data shown below is published by the OECD and is presented in purchasing power parity PPP in order to adjust for price differences between countries Household disposable income per capita including social transfers in kind Rank Country Territory 2022 PPP 1 1 nbsp United States 62 300 2021 2 nbsp Luxembourg 55 3003 nbsp Switzerland 48 2004 nbsp Germany 48 0005 nbsp Austria 46 6006 nbsp Australia 45 400 2021 7 nbsp Netherlands 45 2008 nbsp Belgium 44 3009 nbsp Norway 43 900 2021 10 nbsp France 43 50011 nbsp Canada 40 90012 nbsp Denmark 40 40013 nbsp Finland 40 30014 nbsp Sweden 40 000 nbsp European Union 38 50015 nbsp United Kingdom 37 60016 nbsp Italy 37 50017 nbsp Ireland 34 70018 nbsp Lithuania 34 00019 nbsp Slovenia 33 50020 nbsp Czechia 32 70021 nbsp New Zealand 32 600 2019 22 nbsp Japan 32 400 2021 23 nbsp Spain 31 90024 nbsp South Korea 31 40025 nbsp Portugal 31 40026 nbsp Poland 29 60027 nbsp Hungary 27 90028 nbsp Estonia 27 80029 nbsp Latvia 26 90030 nbsp Greece 26 10031 nbsp Slovakia 25 90032 nbsp Chile 22 300 2021 33 nbsp Russia 20 600 2019 34 nbsp Mexico 17 300 2021 35 nbsp Costa Rica 17 000 2021 Figures have been rounded to the nearest hundred if data is unavailable for 2022 figures for 2021 2020 or 2019 are shown Median equivalent adult income editThe following table represents data from the OECD s median disposable income per person metric disposable income deducts from gross income taxes on income and wealth as well as contributions paid by households to public social security schemes 2 The figures are equivalised by dividing income by the square root of household size As the OECD displays median disposable incomes in each country s respective currency they have been converted using PPP conversion factors for private consumption from the same source in order to account for each country s cost of living in the year that the disposable median income was recorded 3 Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year figures are rounded to the nearest hundred Rank Country Median disposable income US PPP 4 Year1 nbsp Luxembourg 47 300 20202 nbsp United States 46 600 20213 nbsp Norway 41 600 20214 nbsp Canada 38 500 20205 nbsp Switzerland 37 900 20196 nbsp Austria 37 000 20207 nbsp Netherlands 35 900 20218 nbsp Australia 35 700 20209 nbsp Belgium 35 300 202010 nbsp Iceland 34 300 201711 nbsp Sweden 33 500 202112 nbsp Denmark 32 800 201913 nbsp Germany 32 100 201914 nbsp South Korea 31 000 202015 nbsp New Zealand 30 700 202016 nbsp Finland 30 600 202117 nbsp Ireland 30 200 202018 nbsp France 28 100 201919 nbsp Slovenia 27 700 202020 nbsp Italy 26 600 202021 nbsp United Kingdom 25 400 202022 nbsp Spain 25 300 202023 nbsp Estonia 23 800 202024 nbsp Poland 21 900 202025 nbsp Japan 21 700 201826 nbsp Czech Republic 21 100 202027 nbsp Lithuania 20 100 202028 nbsp Portugal 19 500 202029 nbsp Latvia 18 500 202030 nbsp Slovak Republic 16 100 201931 nbsp Russia 16 100 201732 nbsp Greece 15 500 202033 nbsp Hungary 13 400 202034 nbsp Romania 13 400 202035 nbsp Bulgaria 13 300 201936 nbsp Turkey 10 800 201937 nbsp Chile 10 100 201738 nbsp Costa Rica 9 600 202139 nbsp Brazil 6 900 201640 nbsp Mexico 6 300 202041 nbsp South Africa 5 500 201742 nbsp China 4 900 201143 nbsp India 2 500 2011Median household net income Eurostat editThe following table shows data from Eurostat on household median equivalised net income adjusted for differences in purchasing power between countries 5 According to Eurostat the total disposable income of a household is calculated by adding together the personal income received by all household members plus income received at household level Disposable household income includes All income from work employee wages and self employment earnings private income from investment and property transfers between households all social transfers received in cash including old age pensions 6 This indicator does not include non monetary income components such as the value of goods produced for own consumption social transfers in kind and non cash employee income except company cars Furthermore to take account of differences in household sizes disposable income per household is equivalised Median household net income by country purchasing power standard Country 2007 2011 2015 2018 2021 nbsp Luxembourg 26 847 26 601 29 285 27 550 32 132 nbsp Switzerland 20 504 22 833 26 545 26 934 26 351 nbsp Norway 20 700 24 251 28 353 26 296 26 327 nbsp Netherlands 17 538 18 833 19 389 21 543 24 551 nbsp Austria 17 810 20 425 21 981 23 204 24 450 nbsp Germany 17 323 18 395 20 342 21 917 23 404 nbsp Denmark 16 875 19 184 20 384 21 641 22 899 nbsp Belgium 16 312 18 106 19 954 21 336 22 596 nbsp Sweden 15 911 18 031 20 154 20 429 20 673 nbsp Ireland 17 722 16 628 17 656 19 464 20 099 nbsp Finland 15 241 17 933 19 430 20 048 20 070 nbsp France 15 166 18 170 19 885 20 260 23 454 nbsp Malta 12 442 14 029 16 753 17 932 19 012 nbsp Cyprus 18 252 19 162 15 313 17 505 18 334 nbsp Slovenia 12 922 13 940 15 102 15 771 17 579 nbsp Italy 14 497 15 776 15 395 16 715 17 304 nbsp Spain 12 689 14 424 14 463 16 030 16 303 nbsp Estonia 6 490 7 491 10 423 13 374 14 805 nbsp Poland 5 609 8 333 9 957 11 546 13 857 nbsp Czechia 8 841 9 989 11 652 13 264 13 815 nbsp Lithuania 5 708 6 068 8 251 10 702 13 742 nbsp Portugal 8 919 9 621 10 317 10 801 12 404 nbsp Latvia 5 585 5 944 8 108 10 016 12 003 nbsp Croatia 7 423 8 253 9 870 11 385 nbsp Hungary 6 490 7 135 7 938 8 634 9 983 nbsp Greece 11 320 11 627 8 810 9 258 9 920 nbsp Slovakia 5 606 8 975 10 220 9 744 9 425 nbsp Bulgaria 3 296 5 824 6 882 7 208 9 375 nbsp Romania 2 783 3 641 4 357 6 278 8 698 nbsp Turkey 4 054 4 766 5 668 6 467 6 215 nbsp Iceland 19 893 18 024 20 804 23 637 nbsp United Kingdom 18 774 15 776 17 784 18 423 The most recent data for Iceland and the United Kingdom is from 2018 See also editIncome distribution List of countries by wealth per adultReferences edit a b c Household accounts Household disposable income OECD Data theOECD Income Distribution Database OECD July 2017 Income Distribution Database 27 October 2022 Income Distribution Median equivalised disposable income OECD Data theOECD Eurostat Median Equivalised Net Income Income and living conditions ilc ec europa eu Retrieved 21 December 2022 External links edit Retrieved from https en wikipedia org w index php title Disposable household and per capita income amp oldid 1188018165, wikipedia, wiki, book, books, library,
