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Median Household Income

Median Household Income

Current Trend

The median household income after-tax for all family and non-family persons in 2018 was $50,570 for Chatham-Kent, compared to $49,290 in 2017. That is an increase of more than 2%. In 2018, the median household income after-tax for Ontario was $55,340 and $53,850 in 2017. An increase of almost 3%.  The median household income in Chatham-Kent increased by almost 11% from $44,460 in 2013 to $49,290 in 2017. In 2019, the median household income in Chatham-Kent increased by almost 2.5% to $51,720. In 2019, the media household income for Ontario rose to $56,400 an increase of almost 2%. The household income trend has been to increase slightly over time, from 2008 to 2019.

Desired Trend

An increase in the median household/family income after tax.

Why is this measurement important?

After-tax income is the amount of money families/households have after they have paid their taxes. After-tax income can determine whether a family has enough money to purchase goods and services including food, shelter, and clothing, higher education and recreation and leisure opportunities. Higher median incomes can indicate higher levels of well-being among a population.

How is this measured?

The median family/household after-tax income ($) is the income point where half of families/households have higher incomes and half have lower incomes, according to information provided on tax returns.