"Average American Income"??

[disneysteve]

Re: "Average American Income"??

32k in NYC doesn't stretch anywhere 32k here in NJ doesn't stretch very far either. I don't know what the median salary is here but I would guess it's somewhere around the 45-50k range. Maybe my man disneysteve could help me out here

It really depends on where you live. NJ is a very diverse place. In Camden, the poorest city in the country, median income is about 23K. Here in Cherry Hill, just a few miles away, the median is 69K. In Hunterdon County, it is about 80K.

[kv968]

Re: "Average American Income"??

It really depends on where you live. NJ is a very diverse place. In Camden, the poorest city in the country, median income is about 23K. Here in Cherry Hill, just a few miles away, the median is 69K. In Hunterdon County, it is about 80K.

So the median could be considered around 50k then I guess. I know, there's a lot of diversion for such a little state. For those not familiar with NJ even though it's small, there can be quite a difference between "northern", "central" and "southern" NJ. Not that you care, just felt like adding that in

[threebeansalad]

Re: "Average American Income"??

Mean (average) is much more sensitive to extreme values. For that reason, median is always a better measure for income. Think of median as representing a "typical" value.

[Ima saver]

Re: "Average American Income"??

Income in the north ga. mountain area was real low when we moved here. Property taxes and insurance were very low. I remember one real estate broker telling me she would bet that no house in our area would ever sell for more than $100,000. My husband use to build houses all by himself for $7.50 an hour or $300 a week.

[kv968]

Re: "Average American Income"??

Mean (average) is much more sensitive to extreme values. For that reason, median is always a better measure for income. Think of median as representing a "typical" value.

I know, but I still think the median for NJ is about 50k. The mean is probably in probalby closer to the 70k range.

[disneysteve]

Re: "Average American Income"??

Just to confuse things more, check this chart:

http://www.census.gov/hhes/income/4person.html

According to this, the median income for a 4-person household in the US is $65,093.

For NJ, it is $87,412.

[kv968]

Re: "Average American Income"??

Just to confuse things more, check this chart:

http://www.census.gov/hhes/income/4person.html

According to this, the median income for a 4-person household in the US is $65,093.

For NJ, it is $87,412.

Thanks for confusing it even more Steve I can only imagine what the mean income is

So we have the highest median income in the country. What do we get for that? Highest taxes and highest insurance premiums. I guess it's all relevant.

[disneysteve]

Re: "Average American Income"??

So we have the highest median income in the country. What do we get for that? Highest taxes and highest insurance premiums. I guess it's all relevant.

Ironically, both the richest and the poorest towns in the US are in NJ.

The highest auto insurance stat is somewhat deceiving. When we moved from Philadelphia to NJ, our auto insurance costs dropped in half. Rates in Philly are way higher than they are in Jersey, but on a state level, NJ's average is higher than PA's.

[PRICEPLUS]

Re: "Average American Income"??

Police Officer in NYC starts at 25,000 ad a bit.

[Broken Arrow]

Re: "Average American Income"??

Police Officer in NYC starts at 25,000 ad a bit.

Good lord. If they're trying to scare away any prospective recruits, it's working.