what is the average income for a family
Median income for a one-person household is $27,237 while typical income for a two-person household is $58,121. Median income rises as household size increases, peaking at 4-person households with a median income of $75,343. For 5 or more person households, median income ranges from $64,747 to $69.691. In families, we see a similar pattern except that, by definition, there are no 1-person families. Median income for a two-person family is $56,646 and rises, peaking at $76,049 for 4-person families. From that point, median income declines to between $64,478 and $70,403 for larger families.