Family Income by Selected Characteristics, 2017

In 2017, median family income for families headed by individuals age 45 to 54—the age bracket of most parents of traditional age college students—was 24% higher than the overall median ($93,890 compared with $75,940).

Figure 20B: Median Family Income by Selected Characteristics, 2017

Notes & Sources 

SOURCES: U.S. Census Bureau, Current Population Survey, 2017 Annual Social and Economic Supplement, Table F-1, Table F-3, Table F-5, and FINC-01; calculations by the authors.

  • In 2017, median incomes for black and Hispanic families were 59% and 62%, respectively, of the median for white families. Median income for Asian families was 8% higher than the median for white families.
  • In 2017, the $119,120 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.