The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of understanding income distribution. Median income can be calculated by household income, by personal income, or for specific demographic groups. When taxes and mandatory contributions are subtracted from income, the result is called net or disposable income. The measurement of income from individuals and households, which is necessary to produce statistics such as the median, can pose challenges and yield results inconsistent with aggregate national accounts data. For example, an academic study on the Census income data claims that when correcting for underreporting, U.S. median gross household income was 15% higher in 2010 (table 3).
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👉 Per-capita income in the context of Choropleth map
A choropleth map (from Ancient Greek χῶρος (khôros) 'area, region' and πλῆθος (plêthos) 'multitude') is a type of statistical thematic map that uses pseudocolor, meaning color corresponding with an aggregate summary of a geographic characteristic within spatial enumeration units, such as population density or per-capita income.
Choropleth maps provide an easy way to visualize how a variable varies across a geographic area or show the level of variability within a region. A heat map or isarithmic map is similar but uses regions drawn according to the pattern of the variable, rather than the a priori geographic areas of choropleth maps. The choropleth is likely the most common type of thematic map because published statistical data (from government or other sources) is generally aggregated into well-known geographic units, such as countries, states, provinces, and counties, and thus they are relatively easy to create using GIS, spreadsheets, or other software tools.