Distribution of U.S. farm households by measures of economic well-being, 2023

Percent

Bar chart with 4 items.

Item 1, Low income, low wealth 2.9.
Item 2, Low income, high wealth 39.51.
Item 3, High income, low wealth 1.87.
Item 4, High income, high wealth 55.71.

Note: Income and wealth levels for farm households are compared with the median levels of income and wealth of all U.S. households. The median income level used for comparison purposes is $80,610 and median wealth is $200,662 for all U.S. households in 2023.

Source: USDA, Economic Research Service and USDA, National Agricultural Statistics Service, Agricultural Resource Management Survey; U.S. Department of Commerce, Bureau of the Census, Current Population Survey; and the Federal Reserve Board, Survey of Consumer Finances. Data as of December 3, 2024.