Mean income

{
  "id": "MLC-T-ECS-001145",
  "term": "Mean income",
  "field": "Economic statistics",
  "definition": "Mean income is the amount obtained by dividing the total income of a particular statistical universe by the number of units in that universe. Thus, mean household income is obtained by dividing total household income by the total number of households. For the various types of income, the means are based on households having those types of income.",
  "see_also": [
    "Income"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/mean-income/"
}