U.S. Census Reports N.C. Median Household Income Increased by $3,500
2019 N.C. income growth of 6.5% outpaced nation and region
Sen. Steinburg: Thank you, President Trump! We did it once, and we’ll do it again.
Raleigh, N.C. — The U.S. Census just released data for 2019, and the results are all positive for North Carolina.
Median household income increased by $3,500, from $53,855 in 2018 to $57,341 in 2019. That’s a 6.5% jump, outpacing the country and the Southeast.
The poverty rate also fell to a historic low of 13.6%.
Since 2011, North Carolina Democrats have opposed every major Republican-sponsored tax and fiscal policy. Since Gov. Roy Cooper was elected in 2016, he has vetoed every Republican-proposed budget.
Sen. Bob Steinburg (R-Chowan) said, “Median household income was way up in North Carolina. Thank you, President Trump! North Carolina Democrats have opposed every major Republican-sponsored tax and fiscal policy, and these numbers show just how wrong they were. We built a booming economy, and we’ll do it again.”
The argument from Democrats has been that Republican policies are good only for the wealthy. But the Census data proves that allegation false.
Under Republican leadership in North Carolina and the White House, the poverty rate has fallen from 15.4% in 2016 to 13.6% today.
The proportion of households earning less than $50,000 per year has fallen (from 49.4% to 43.9%) while the proportion of households earning between $50,000 and $150,000 per year has increased (from 42.1% to 44.5%).
Households in every single income category have seen incomes increase.
In analyzing the national figures, which track North Carolina’s, the Wall Street Journal wrote, “Income inequality last year also declined by most measures as the bottom quintile’s share of income grew 2.4%. But incomes grew across the distribution with many lower earners rising into the middle class, some of whom joined the ranks of the affluent.”
North Carolina Republicans and President Trump’s administration have embraced an agenda of lower taxes and less regulation. It worked before the pandemic, and it will work in rebuilding after.