Definition, Meaning & Synonyms

median-earnings

noun

/ˈmiːdiən ˈɜːrnɪŋz/

Definition

The median earnings refer to the middle point of a dataset where half of the individuals earn less and half earn more, specifically considering income levels.

Examples

The median earnings of software engineers indicate that half earn above this amount and half earn below.
In the recent report, the median earnings for teachers showed a significant increase compared to the previous year.

Meaning

This term is commonly used in statistics and economics to provide a better understanding of income distribution, highlighting the earnings that denote the typical income instead of the average, which can be skewed by outliers.