In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes. The average household income of Haverford, Pennsylvania is currently $147,748.00. This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes. This is calculated by adding up all the incomes of all the households in Haverford, and then dividing that number by the total number of households. Whenever we ask what is the average household income in Haverford, we are actually talking about the mean household income. We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for Haverford. ![]() The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more. Half of the people in the group make more than the median income, and half make less. In simple terms, the median income is the middle income of a group of people. The latest median household income of Haverford, Pennsylvania is $114,554.00.
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