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The median household income in the U.S. was $57,617 in 2016. The average transaction price for a new car in the U.S. was estimated at $36,270 in January '18. S
by ovao 8y ago
The median household income in the U.S. was $57,617 in 2016. The average transaction price for a new car in the U.S. was estimated at $36,270 in January '18.
So, for new car purchases at least, American buyers spend more than half the median yearly household income.
- dwaltrip 8y agoNew car purchases are likely made disproportionately by people who earn more than the median income, so we can't probably can't say much from those 2 numbers alone.