ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What was the real median family income in Indiana for 2019?
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$73, 876
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$99, 556
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$50, 100
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$155, 333
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Explanation:
Detailed explanation-1: -Median household income was $68, 703 in 2019, an increase of 6.8 percent from the 2018 median of $64, 324 (Figure 1 and Table A-1). The 2019 real median incomes of family households and nonfamily households increased 7.3 percent and 6.2 percent from their respective 2018 estimates (Figure 1 and Table A-1).
Detailed explanation-2: -Real median household income was $70, 784 in 2021, not statistically different from the 2020 estimate of $71, 186 (Figure 1 and Table A-1).
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