Average household income


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    IMPLAN Support
    Hi Michael! Thank you for your post. I apologize for the inconvenience with the different Average Household Income Values. Included in the Average Household Income value is also imputed income. Imputed income includes the income ascribed to asset holdings and other non-monetary "income" as home ownership, free checking and farm production consumed by the farmer and his household. Here are some additional thoughts:http://implan.com/index.php?view=download&alias=34-moneyincome-vs-personal-income-implan&category_slug=studies-1&option=com_docman&Itemid=1764 In IMPLAN, we base household income on the Bureau of Economic Analysis (BEA) “Personal Income” numbers reported by the Regional Economic Information System (REIS) in the CA5 tables – Personal Income and controlled to current BEA National Income and Product Accounts (NIPA) for the nation. Per capita household income reported by the Bureau of the Census is “Money Income” based. The difference you are referring to may be the difference between Average Personal Income and Median Money Income provided by Census.
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