Median household income in the context of "Average"

Loudoun County (/ˈlaʊdən/) is in the northern part of the Commonwealth of Virginia in the United States. In 2020, the census returned a population of 420,959, making it Virginia's third-most populous county. The county seat is Leesburg. Loudoun County is part of the Washington–Arlington–Alexandria, DC–VA–MD–WV Metropolitan Statistical Area.

As of 2023, Loudoun County had a median household income of $156,821, the highest of any county or county equivalent in the nation.

Westchester County is a county located in the southeastern portion of the U.S. state of New York, bordering the Long Island Sound and the Byram River to its east and the Hudson River on its west. The county is the seventh most populous county in the State of New York and the most populous north of New York City. According to the 2020 United States census, the county had a population of 1,004,456, its highest decennial count ever and an increase of 55,344 (5.8%) from the 949,113 counted in 2010. Westchester covers an area of 450 square miles (1,200 km), consisting of six cities, 19 towns, and 23 villages. Established in 1683, Westchester was named after the city of Chester, England. The county seat is the city of White Plains, while the most populous municipality in the county is the city of Yonkers, with 211,569 residents per the 2020 census. The county is part of the Hudson Valley region of the state.

The annual per capita income for Westchester was $67,813 in 2011. The 2011 median household income of $77,006 was the fifth-highest in New York (after Nassau, Putnam, Suffolk, and Rockland counties) and the 47th highest in the United States. By 2021, the county's median household income had risen to $105,387. Westchester County ranks second in the state after New York County (the New York City borough of Manhattan) for median income per person, with a higher concentration of incomes in smaller households. Simultaneously, Westchester County had the highest property taxes of any county in the United States in 2013.

The United States has a highly developed diversified market-oriented mixed economy. It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). As of 2025, it has the world's ninth-highest nominal GDP per capita and eleventh-highest GDP per capita by PPP. According to the World Bank, the U.S. accounted for 14.8% of the global aggregate GDP in 2024 in purchasing power parity terms and 26.2% in nominal terms. The U.S. dollar is the currency most used in international transactions and the world's foremost reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others it is the de facto currency. Since the end of World War II, the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology.

The American economy is fueled by high productivity, well-developed transportation infrastructure, and extensive natural resources. Americans have the sixth highest average household and employee income among OECD member states. In 2021, they had the highest median household income among OECD countries, although the country also had one of the world's highest income inequalities among the developed countries. The largest U.S. trading partners are Mexico, Canada, China, Japan, Germany, South Korea, the United Kingdom, Taiwan, India, and Vietnam. The U.S. is the world's largest importer and second-largest exporter. It has free trade agreements with several countries, including Canada and Mexico (through the USMCA), Australia, South Korea, Israel, and several others that are in effect or under negotiation. The U.S. has a highly flexible labor market, where the industry adheres to a hire-and-fire policy, and job security is relatively low. Among OECD nations, the U.S. has a highly efficient social security system; social expenditure stood at roughly 30% of GDP.

Affordable housing is housing which is deemed affordable to those with a household income at or below the median, as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affordable housing refers to mortgages and a number of forms that exist along a continuum – from emergency homeless shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, indigenous housing, and ending with affordable home ownership. Demand for affordable housing is generally associated with a decrease in housing affordability, such as rent increases, in addition to increased homelessness.

Housing choice is a response to a complex set of economic, social, and psychological impulses. For example, some households may choose to spend more on housing because they feel they can afford to, while others may not have a choice.

Somerset County is a county located in the north-central part of the U.S. state of New Jersey. As of the 2020 census, the county was the state's 13th-most-populous county, with a population of 345,361, its highest decennial count ever and an increase of 21,917 (+6.8%) from the 2010 census count of 323,444. Somerset County constitutes part of the New York metropolitan area. Its county seat is Somerville. The most populous place in the county was Franklin Township, with 68,364 residents at the time of the 2020 census, while Hillsborough Township, with 55.00 square miles (142.4 km), covered the largest total area of any municipality. The county is part of the Central Jersey region of the state.

In 2015, Somerset County had a per capita personal income of $86,468, the second highest in New Jersey and ranked 25th of 3,113 counties in the United States. Somerset County, as of the 2000 Census, was the seventh wealthiest county in the United States by median household income at $76,933 (third in New Jersey behind Hunterdon County at $79,888 and Morris County at $77,340), fourth in median family income at $90,655 (second in New Jersey behind Hunterdon County at $91,050) and ranked seventh by per capita income at $37,970 (highest in New Jersey). The Bureau of Economic Analysis ranked the county as having the 11th-highest per capita income of all 3,113 counties in the United States (and the highest in New Jersey) as of 2009. As of 2023, Somerset County had the highest GDP for counties with populations between 100,000 and 500,000 in America.

In Canada, affordable housing refers to living spaces that are financially accessible to people with a median household income. Canada ranks among the lowest of the most developed countries for housing affordability. Housing affordability is generally measured based on a shelter-cost-to-income ratio (STIR) of 30% by the Canada Mortgage and Housing Corporation (CMHC), the national housing agency of Canada. It encompasses a continuum ranging from market-based options like affordable rental housing and affordable home ownership, to non-market alternatives such as government-subsidized housing (emergency shelters, transitional housing, and public housing).

Affordable housing is housing that is deemed affordable to those with a median household income as rated by the national government or a local government by a recognized housing affordability index. A general rule is no more than 30% of gross monthly income should be spent on housing, to be considered affordable as the challenges of promoting affordable housing varies by location.