Family Income by Selected Characteristics, 2016
In 2016, median family income for families headed by individuals age 45 to 54—the age bracket of most parents of traditional age college students— was 24% higher than the overall median ($90,120 compared with $72,710).
Figure 17B: Median Family Income by Selected Characteristics, 2016
Notes & Sources
SOURCES: U.S. Census Bureau, Current Population Survey, 2017 Annual Social and Economic Supplement, Table F-1, Table F-3, Table F-5, and FINC-01; calculations by the authors.
- In 2016, median incomes for black and Hispanic families were 60% and 62%, respectively, of the median for white families.
- In 2016, the $114,640 median family income for families headed by a four-year college graduate was more than twice the median for families headed by a high school graduate.