Real median household income measures the 50th percentile of all household incomes (i.e, if all of the household incomes are sorted, the median is the middle value). Household income uses "money income", a concept from the Census Bureau that includes pre-tax income received on a regular basis. It comes in the form of wages, salaries, commissions, tips, self-employment, dividends, net rental income, Social Security, retirement, disability benefits, Veteran's payments, unemployment or worker compensation, child support, and alimony. Unlike personal income, it excludes the value of noncash benefits, like employer contributions to health insurance and Medicare and Medicaid payments. The income values are adjusted for inflation. Perhaps the most accepted measure of income, real median household income indicates whether a region's population is becoming more prosperous.
The region's real median household income decline by 1.8%, or by $1,355 from 2022. Real median household income is now at $72,574. Since 2019, real median median household income declined by $1,242, for a loss of 1.7% or 0.4% annually.