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Averages
The average
household income in Port Hawkesbury in 1996 was nearly $52,000. That means,
if the incomes of all the households in the town were added up, and then
divided by the number of households, we would get $52,000. Some household
incomes will be higher. Some will be lower. But the average is $52,000.
For example:
Suppose there are five households on Elm Street. Each household’s average
income in a year is listed below.
| Johnston |
$35,000 |
|
| Jardine |
$54,000 |
|
| Smith |
$72,000 |
|
| Young |
$40,000 |
|
| Edwards |
$51,000 |
|
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$252,000 |
This
total is what we get if we add the five incomes together |
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