Poverty Rate
Definition
The percentage of the population living below the federal poverty threshold, which varies by household size and composition. For a family of four, the poverty threshold is approximately $31,000 per year.
Why It Matters
The poverty rate directly affects demand for public assistance programs (SNAP, Medicaid, housing subsidies), federal funding allocations, and is a key indicator of economic distress in a community.
How It's Measured
The Census Bureau compares each household's total income to the appropriate poverty threshold based on household size and age of members. Those below the threshold are counted as "in poverty."
Current Value
US rate: approximately 11.5% (2023)
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Frequently Asked Questions
The percentage of the population living below the federal poverty threshold, which varies by household size and composition. For a family of four, the poverty threshold is approximately $31,000 per year.
The poverty rate directly affects demand for public assistance programs (SNAP, Medicaid, housing subsidies), federal funding allocations, and is a key indicator of economic distress in a community.
The Census Bureau compares each household's total income to the appropriate poverty threshold based on household size and age of members. Those below the threshold are counted as "in poverty."