average annual income

noun phrase

1. The typical amount of money a person, household, or group earns or receives in one year, calculated by adding up all incomes and dividing by the number of people or households counted.

   B1

   usually uncountable; can be countable when referring to a specific figure; often followed by "of" + amount, or "for" + group

   • "The average annual income in this city is about $40,000."A2
   • "She checked the average annual income for teachers before she changed jobs."B1
   • "Adjusted for inflation, average annual income has barely risen over the past decade."C1

2. A single figure used by governments and researchers to compare how well off different countries, regions, or groups are; it can be a mean (total divided by number) or a median (the middle value).

   B2

   often used before another noun, e.g. "average annual income figures"used in economics, statistics, and official reports

   • "Economists compared average annual income across the three regions."B2
   • "Note that average annual income can be misleading when a few people earn extremely high salaries."C1