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Demographics question: In my county, the difference between the median and mean household incomes seems quite significant. If I'm only reporting one,

Posted by mara Feb 13 '12, 08:33

is there a reason to consider one better than the other?

My idiotic admin office used the median household income for one thing and then the mean for others. It really ought to be all the same.

Responses:

Median is better. If Bill Gates is at a cocktail party, the mean is over a million -- nm - ceregon Feb 13, 08:38 3
- If they're specifying "per capita income," that must be the median, right? -- nm - mara Feb 13, 08:45 2
  - Mathematically, I think it's synonymous with "mean" -- nm - Beryllium Feb 13, 08:47
  - Nope. -- nm - Don Homer Feb 13, 08:46
Okay, looks like median is recommended. -- nm - mara Feb 13, 08:38

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Demographics question: In my county, the difference between the median and mean household incomes seems quite significant. If I'm only reporting one,

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