Family Income by Selected Characteristics, 2015

In 2015, median family income for families headed by individuals ages 45 to 54 — the age bracket of most parents of traditional age college students — was 21% higher than the overall median ($85,748 compared to $70,697).

Figure 19B: Median Family Income by Selected Characteristics, 2015

Notes & Sources 

Sources: U.S. Census Bureau, Current Population Survey, 2016 Annual Social and Economic Supplement, Table F-1, Table F-3, Table F-5, and FINC-01; calculations by the authors.

  • In 2015, median incomes for black and Hispanic families were 62% and 64%, respectively, of the median for white families.
  • In 2015, the $111,270 median family income for families headed by a four-year college graduate was more than twice the median for families headed by a high school graduate.