Dollars (2022)
Line graph with 2 lines and 26 points per line.
Line 1, Median household income for those operating a farm business
Point 1, 1997 is 48926.
Point 2, 1998 is 53866.
Point 3, 1999 is 59484.
Point 4, 2000 is 57229.
Point 5, 2001 is 51073.
Point 6, 2002 is 63726.
Point 7, 2003 is 61102.
Point 8, 2004 is 62857.
Point 9, 2005 is 69570.
Point 10, 2006 is 68842.
Point 11, 2007 is 62439.
Point 12, 2008 is 58039.
Point 13, 2009 is 57367.
Point 14, 2010 is 61450.
Point 15, 2011 is 64595.
Point 16, 2012 is 72080.
Point 17, 2013 is 76641.
Point 18, 2014 is 90175.
Point 19, 2015 is 76772.
Point 20, 2016 is 76731.
Point 21, 2017 is 74288.
Point 22, 2018 is 64891.
Point 23, 2019 is 68808.
Point 24, 2020 is 69932.
Point 25, 2021 is 80974.
Point 26, 2022 is 80376.
Line 2, Median U.S. household income for those with self-employment income (including from farming)
Point 1, 1997 is 85514.
Point 2, 1998 is 87835.
Point 3, 1999 is 90268.
Point 4, 2000 is 94126.
Point 5, 2001 is 92154.
Point 6, 2002 is 91290.
Point 7, 2003 is 91931.
Point 8, 2004 is 90005.
Point 9, 2005 is 92105.
Point 10, 2006 is 94614.
Point 11, 2007 is 95888.
Point 12, 2008 is 91205.
Point 13, 2009 is 86669.
Point 14, 2010 is 89928.
Point 15, 2011 is 88690.
Point 16, 2012 is 89080.
Point 17, 2013 is 89426.
Point 18, 2014 is 88097.
Point 19, 2015 is 94061.
Point 20, 2016 is 93716.
Point 21, 2017 is 100309.
Point 22, 2018 is 99667.
Point 23, 2019 is 102959.
Point 24, 2020 is 100180.
Point 25, 2021 is 103597.
Point 26, 2022 is 97856.
Note: Farm businesses are defined as farms with gross cash farm income over $350,000 in 2022 dollars, or farms where the principal operator lists farming as the primary occupation. Household income is estimated only for households operating family farms. Changes to U.S. median income among households with self-employment income from 2013 and forward reflect changes in data collection and processing of the March supplement of the Current Population Survey as well as changes in actual household income.
Sources: USDA, Economic Research Service and USDA, National Agricultural Statistics Service, Agricultural Resource Management Survey; and U.S. Department of Commerce, Bureau of the Census, Current Population Survey. Values are adjusted for inflation using the U.S. Department of Commerce, Bureau of Economic Analysis, Gross Domestic Product Price Index (BEA API series code: A191RG), 2022=1. Data as of November 30, 2023.