This is a good way to compare the income of Milton against other areas.Īrts, Design, Entertainment, Sports, and Media The US Census Bureau divides households into income tiers based on the median income for the area. If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.ĩ.72% of households in Milton are classed as high income households (making $200,000+ per year). In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes. The average household income of Milton, Ohio is currently $93,787.00. This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes. This is calculated by adding up all the incomes of all the households in Milton, and then dividing that number by the total number of households. Whenever we ask what is the average household income in Milton, we are actually talking about the mean household income.
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