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That is a very high average that is hard to imagine in most of the world. Everyone knows this is where you go to make money.
Most likely median rather than average. If you know how, you can make numbers look any way you want them to. The census generally speaks in terms of median income levels. The press will take those figures and call them averages. Who's surprised?
So we have been told. Thank you for your reply ITpro and Happy Thursday! :)
Would median not give a much better idea what a person living in the country should expect to make? Average as rosie stated will be influenced by mutli millionaires.
That figure stated by Rosie is the median, not the average. I saw the Census Bureau's new report. That's my point. You said you thought $56K was a high average; well, the average (mean) is actually $79K. That's why we need to say if we are talking about the mean or median. The press seems not know the difference and the viewers, by and large, don't either. But, there is a big difference.