Distribution of farm households by measures of economic well-being, 2020

Percent

Bar chart with 4 items.

Item 1, Low income, low wealth 1.4
Item 2, Low income, high wealth 39.4
Item 3, High income, low wealth 1.2
Item 4, High income, high wealth 58.0

Note: Income and wealth levels for farm households are compared to the median levels of income and wealth of all U.S. households. The median income level used for comparison purposes is $67,521 and median wealth is $123,358 for all U.S. households in 2020.

Source: USDA, Economic Research Service and National Agricultural Statistics Service, Agricultural Resource Management Survey; U.S. Department of Commerce, Bureau of the Census, Current Population Survey; and the Federal Reserve Board, Survey of Consumer Finances. Data as of December 1, 2021.