The U.S. Census Bureau released on Wednesday new data from its 2016 annual population survey — with largely positive findings. Most notable among the survey’s findings is the significant increase in U.S. median household income between 2014 and 2016 — more than in any two-year period on record.
Not only did incomes go up nationwide, but the share of uninsured Americans and the share of Americans facing serious financial hardship declined. This year’s data release marks the first time in nearly three decades that income, health insurance coverage, and poverty all improved for two consecutive years.
> Median household income: $52,314
> Population: 6,633,053 (17th highest)
> 2016 Unemployment rate: 4.4% (21st lowest)
> Poverty rate: 14.1% (21st highest)
The typical Indiana household earns $52,314 a year, about $5,300 less than the typical American household. Across broad populations, incomes tend to increase with educational attainment. In Indiana, only 25.6% of adults have a bachelor’s degree or higher, a considerably smaller share than the 31.3% of adults nationwide with a bachelor’s degree.
Lower incomes in Indiana are reflected in the state’s property values. The typical home in the state is worth $134,800, well below the $205,000 median home value nationwide.
Despite such improvements on the national scale, income inequality in the U.S. remains high and incomes vary dramatically from state to state. 24/7 Wall St. ranked all 50 states according to the newly released median household income figures. Many of the poorest states in the country are concentrated in the South, while many of the wealthiest are coastal states in the West, mid-Atlantic, and Northeast regions. The typical household in the wealthiest state earns over $37,000 more a year than the typical household in the poorest state.