The family income of an average American family is about $59,000 per year, according to a survey of more than 50,000 Americans conducted by the Pew Research Center.
But the average income for a family of four is $50,000, according the Pew survey.
The median household income for an American family of three is $46,000 and the median household incomes for an average family of five is $48,000.
Here are some of the differences between median income and family income:The median income for families with two or more children is $43,400 and for families of three or more, the median is $39,000The median family income for parents of one child is $33,800 and the average is $30,000Averages are higher for families earning more than $200,000 than for families making less than $60,000 because many of those families earn more than they spend.
The average family income in 2016 was $51,000 for a single person and $57,000 to a family with two children.
For a family making $50 of family income, that is $4,400 more than the median income of $45,000 a family would earn.
The median income was $42,000 in 2016.
The survey also found that nearly a quarter of Americans say that they earn too little or not enough money to be in poverty, up from 23% in 2016 and 15% in 2015.More: