The U.S. Census Bureau fed financial services forecasting and marketing systems fresh data Thursday by posting the American Community Survey 1-year estimates for 2024.
We used the B19001 table, which shows household counts by income category, to track what happened to the number of households with an annual income of $200,000 or higher between 2023 and 2024.
Overall median household income increased 2%, to $81,604.
The number with income over $200,000 rose 12%, to 18.3 million, or 14% of all households.
For a look at the 15 states with the most households in that attractive income category, see the gallery above.
What it means: There are a lot of people who suddenly have annual household income over $200,000 and wonder where the money went.
Those new occupants of the top-income bracket might be prime candidates for advice about saving for retirement, planning for children's college expenses and simply paying the bills on what may seem to be a more limited amount of purchasing power than they might have expected.
Economists can use the data in efforts to determine what might happen to markets such as the residential real estate market.
The American Community Survey: The American Community Survey program provides torrents of data on the age, income, housing costs and health coverage of people throughout the United States.
The newest tables provide national numbers and state numbers.
Older tables, showing 2023 survey results, break the data out for metropolitan areas, counties, U.S. House districts, ZIP code areas and even smaller areas.
Credit: peopleimages.com/Adobe Stock
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