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The median household income is the income of what would be the middle household, if all households in the UK were sorted in a list from poorest to richest.As it represents the middle of the income distribution, the median household income provides a good indication of the standard of living of the “typical” household in terms of income.

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Over the same period, mean household income is estimated to have increased at a faster rate than the median measure, growing at an average annual rate of 2.2% from £14,100 to £32,200.However, since FYE 2013 there has been a real terms increase, with the provisional FYE 2017 figure indicating it is now around 11% higher than in FYE 2013 (Figure 1).

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