Looking at the census release of 2012’s median income numbers, Utah can now claim it’s 14th in the nation for median incomes at $57,049 per household. That’s 9.95% above the national average ($51,371) and it’s an increase from last year.
Among the 50 states plus D.C., Utah is only one of eight that has seen their 2012 median income numbers increase over the 2005 numbers. The national average has gone down every year since 2007’s height.
2005 – $54,387
2007 – $56,189
2009 – $53,760
2011 – $51,557
2012 – $51,371
Only one has seen their numbers go up every year – the District of Columbia.
This shows that Utah’s one of the states on its way to recovery, but it also shows what effects the post 9/11 collapse and then the 2008 crash have had on the economy. In 2000, Utah’s median income average was $60,681 compared to the national average of $55,030.
- California Housing Starts Pale In Comparison To Texas (Nevada Still In The Tank) (confoundedinterest.wordpress.com)
- Cheaper home prices make Utah more affordable than San Francisco, Seattle (siliconslopes.com)
- Recovery? 2013 U.S. Real Median Household Income Slightly Below 2012 (Bad News For House Prices) (confoundedinterest.wordpress.com)