Median household income climbed 0.7 percent between April and May 2012 after adjusting for inflation, according to the latest monthly update from Sentier Research. The May median of $50,773 was $346 greater than the April median, a statistically significant increase. Falling prices were behind the increase--specifically the decline in the price of gasoline.
Despite the increase in median household income, the May median was 5.3 percent lower than median household income in June 2009--the end of the Great Recession. It was 7.7 percent lower than the median in December 2007, the start of the Great Recession. It was 8.6 percent lower than the median in January 2000.
The Household Income Index for May 2012 was 91.4 (January 2000 = 100.0).
Source: Sentier Research, Household Income Trends: May 2012