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Data Dictionary: ACS 2023 (1-Year Estimates)
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Data Source: Social Explorer; U.S. Census Bureau
Universe: Households by Race
Variable Details
A14009. Average Household Income by Race (In 2023 Inflation Adjusted Dollars)
Universe: Households by Race
A14009_001Average Household Income (In 2023 Inflation-Adjusted Dollars):
Percent base:
None - percentages not computed
Aggregation method:
Division of Sums: variables: Sum(A14018_001) / Sum(A10008_001)
Formula used to compute this variable:
#ReturnType oretval = new #ReturnType(); if( ACS23:B19001001 == 0 ) oretval.IsNull = true; else oretval = ACS23:B19025001 / ACS23:B19001001; return oretval;
Variables used in the formula:
ACS23:B19001001
Total
ACS23:B19025001
Aggregate Household Income In The Past 12 Months (In 2023 Inflation-Adjusted Dollars)
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; 2023 ACS 1-year and 2019-2023 ACS 5-year Data Releases : Technical Documentation.
  2023 ACS 1-year and 2019-2023 ACS 5-year Data Releases: Technical Documentation -> Subject Definitions -> Population Variables -> Income Type in the Past 12 Months -> Income of Households
Income of Households
This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one person, average household income is usually less than average family income. Although the household income statistics cover the past 12 months, the characteristics of individuals and the composition of households refer to the time of interview. Thus, the income of the household does not include amounts received by individuals who were members of the household during all or part of the past 12 months if these individuals no longer resided in the household at the time of interview. Similarly, income amounts reported by individuals who did not reside in the household during the past 12 months but who were members of the household at the time of interview are included. However, the composition of most households was the same during the past 12 months as at the time of interview.