#median-household-income

#median-household-income

The U.S. Census Bureau's latest data reveals a modest increase in national median household income in 2024, reaching $81,604. While some states experienced notable income growth, 21 states saw no significant change in real income, hindering purchasing power and homeownership affordability. Rising mortgage costs and insurance premiums were key drivers behind the 3.8% increase in monthly costs for homeowners with a mortgage nationwide. Among the states, Massachusetts, New Jersey, and Maryland boasted the highest median household incomes, with the District of Columbia leading if considered a state. Notably, all state median incomes fell short of the minimum required to buy a typical home.

Florida towns take the top three spots, with Dunedin winning. It has a livability score of 84 out of 100 and a median household income of $68,068. Additionally, Dunedin, which is located on the Gulf of Mexico about 25 miles west of Tampa, has a sizable retirement community with 35 percent of residents aged 65 and older. The town is known for its beautiful white sand beaches and charming downtown.