Revisions to the July and August 2015 Estimates
The previously published median household income estimates for July and September 2015 have been revised. Estimates for both months were determined to be in error as the result of data keying mistakes. These errors affect the magnitude of the estimates but not the upward trend in the median over that period. The relatively large increases in median household income during July and August are somewhat larger after correction for this error. For July the corrected median in July 2015 dollars is $55,704 instead of $55,218. For September the corrected median in August 2015 dollars is $56,410 instead of $55,974. The statement in our September 2015 report indicating that median household income had reached its highest level since the official end of the great recession in June 2009 is still valid.
Median Household Income for September 2015 -- $56,279
Sentier Household Income Index September 2015 -- 98.3
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Sentier Research provides access, interpretation, evaluation, and analysis of data on American households. Businesses and governments today are awash in a sea of data about the economy and consumers. These data are often biased, inaccurate, incomplete, and out-of-date. We can assist you in finding the best data and then help you understand them. Household income, demographics, discretionary spending, purchasing power, household forecasts, and taxes are topics that form the core of our capabilities.
Our most recent achievement is development of the first index to track changes in median household income on a monthly basis. This index, Sentier Household Income Index (HII) was first released in January 2011.
the good news
The new kid on the block so to speak is the American Community Survey (ACS). It replaces most of the detail we all used to get from the Decennial Census (actually has important additions). The ACS produces data annually based on a sample of about about 3 million households. We specialize in using the ACS data.
the bad news
Easy access to detailed statistics from the ACS and other important surveys is seriously lacking. The only things available from the Census Bureau's website are very crude tabulations that are poorly labelled, and difficult to interpret. Do not be fooled into thinking that Census is the last stop for your data needs.
the best news
We provide services and software related to the ACS and, of course, other relevant surveys that make the data easy to access. If you need anything from simple tabulations to detailed user directed tabulation systems we can create them fast. We also provide a lot of free advice so do not hesitate to contact us. If you can get what you need for free from us or from someplace else we will let you know.