median income vs average income
Median income is the exact middle income earned by someone in a job or career field. Average income is the mathematical mean of all incomes for that position. In most cases, these income levels are very close, though especially high or low salaries can cause the average to be higher or lower than the median income.f the income of 100 people in a field combined total $5 million, for instance, divide $5 million by 100 to get the average. In this case, the average income of the group is $50,000.