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Income
Average Income: Computed by dividing the total income of all households in the study area by the total number of households.
Median Income: Unlike the average income, the median income divides the households of the study area into two equal sized groups: those who earn more than the indicated amount, and those who earn less. The median is often a better description of the typical household in the study area because it is less likely to be distorted by a small number of households with unusually high or extremely low income.
Per Capita Income: A calculation which indicates the hypothetical average income for each individual within the designated area. It is computed by dividing the total income for the study area by the total number of persons living in the study area.