Median family income question

Bill Byrnes over 5 years ago

I’m gathering data on median family income in Illinois from 2009 to 2016, using 5-year estimates. Is it appropriate to adjust those numbers for inflation using the consumer price index? The data indicate that incomes have been increasing steadily all that time until I adjust it for inflation to 2016 dollars, at which point it says median family income has been *decreasing* every year. Any help would be greatly appreciated!

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Gene Shackman over 5 years ago

Question about need to use inflation.

I got US median income data from each individual year page. For example, I downloaded the data set from the 2017 page
www.census.gov/.../2017-state-and-county.html
another from the 2016 page
www.census.gov/.../2016-state-and-county.html
another from the 2015 page
www.census.gov/.../2015-state-and-county.html
and so on to 2013

Then I went to the most recent interactive tool trend page, and looked at US median income
www.census.gov/.../saipe.html

The US median income from each individual year data set was the same as the median income from the interactive tool for the respective years. Does that mean that the interactive tool does NOT adjust each year for inflation? So the median income now on the interactive tool for 2013 is the median income as estimated in 2014 (or when ever they estimated it), and NOT the median income for 2013 adjusted for inflation to match 2017 data?

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Gene Shackman over 5 years ago

Question about need to use inflation.

I got US median income data from each individual year page. For example, I downloaded the data set from the 2017 page
www.census.gov/.../2017-state-and-county.html
another from the 2016 page
www.census.gov/.../2016-state-and-county.html
another from the 2015 page
www.census.gov/.../2015-state-and-county.html
and so on to 2013

Then I went to the most recent interactive tool trend page, and looked at US median income
www.census.gov/.../saipe.html

The US median income from each individual year data set was the same as the median income from the interactive tool for the respective years. Does that mean that the interactive tool does NOT adjust each year for inflation? So the median income now on the interactive tool for 2013 is the median income as estimated in 2014 (or when ever they estimated it), and NOT the median income for 2013 adjusted for inflation to match 2017 data?

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