For the second year in a row median family income increased faster than inflation, according to results of the March 1985 Current Population Survey (CPS) conducted by the Bureau of the Census. In 1984, median family income was $26,430, 7.1 percent higher than the 1983 median of $24,670. After adjusting for the 4.3-percent increase in consumer prices between 1983 and 1984, real median family income still showed a significant gain of 2.8 percent.1
____________________
1 Changes in real income refer to comparisons after adjusting for inflation. The percentage change in prices between 1983 and 1984 was computed by dividing the annual average Consumer Price Index (CPI) for 1984 by the annual average value of the CPI for 1983. See table A-2 of appendix A for CPI's from 1947 to 1984.
Census statistics date back to 1790 and reflect the growth and change of the United States. Past census reports contain some terms that today’s readers may consider obsolete and inappropriate. As part of our goal to be open and transparent with the public, we are improving access to all Census Bureau original publications and statistics, which serve as a guide to the nation's history.