HOUSEHOLD income has decreased in real terms during the last three years, according to a report released today.
The mean household income in Jersey is £930 per week after deducting housing costs, representing a decrease of 4% since 2019/2020 after adjusting for inflation.
Median household income is £710 per week after housing costs, representing a decrease of 5% since 2019/2020 after adjusting for inflation.
The report, released by Statistics Jersey, shows that after deducting housing costs, a quarter (24%) of households were living in ‘relative low income’.
This is defined as a ‘household income below 60% of median equivalised income: £520 per week before housing costs, and £430 per week after housing costs’.
The overall proportion of households and individuals living in relative low income are similar to those recorded in 2014/2015 and 2019/2020, the report states.
