|Income of Households-Includes
the income of the householder and all other persons 15 years old and over in the household, whether related to the householder or not.
Households include all the persons who occupy a housing unit – a
house, an apartment, a mobile home, a group of rooms or a single room
that is occupied as separate living quarters. Because many households
consist of only one person, average household income is usually less
than average family income.
Income of Families and Persons -
compiling statistics on family income, the incomes of all members 15
years old and over in each family are summed and treated as a single
amount. Family households include a householder and one or more persons
living in the same household who are related to the household by birth,
marriage or adoption. All persons in the household who are related to
the householder are regarded as members of his or her family. Not all
households contain families since a household may comprise a group of
unrelated individuals or one person living alone.
Median Income -
median divides the income distribution into two equal parts, one having
incomes above the median and the other having incomes below the median.
For households and families, the median income is based on the
distribution of the total number of units including those with no
income. The median for persons is based on persons with income.
Per capita income -
is the mean income computed for every man, woman, and child in a
particular group. It is derived by dividing the total income of a
particular group by the total population in that group.