12f3 -- 5. Households' disposable monetary income, 2020

... confidential HOUSEHOLDS' DISPOSABLE MONETARY INCOME (TR)
Population:
The data pertain to households. A household is formed of people who live permanently in the same dwelling. The statistical definition for a household is household-dwelling unit. The income data are based on the disposable monetary income of households. The formation of disposable monetary income can be described as follows:
+ wages and salaries
+ entrepreneurial income
+ property income (without imputed rent)
+ current transfers received (without imputed rent)
(= gross money income)
- current transfers paid
= disposable monetary income Current transfers paid are mainly formed of direct taxes and social security contributions. In addition, current transfers paid include compulsory pension contributions and unemployment insurance premiums, as well as child maintenance support paid. Taxes paid do not include church tax, voluntary individual insurance premiums and indirect taxes. Statistical year:
Data in this group are valid as at 31 December 2020

Data protection:
Data on the income of households are confidential if there are fewer than 30 households in the area. The value in confidential fields is '...'

Postal code area

2022 postal code areas
Paavo postal code areas (statistical postal code areas) have been produced at Statistics Finland for statistics production by postal code area. The limitation has been made using geographic information methods. The basis of the limitation is the postal code of the address of a building (data source Digital and Population Data Services Agency, Population Information System, Register of Buildings and Dwellings). The postal codes of individual addresses do not form areas, so the source data have been generalized to create the postal code areas. The statistical postal code area of a building is not always the same as the postal code of the address of that building. The boundary of the postal code area is mainly located midway between two buildings with different postal codes. The accuracy of the limitation of the location is higher where there are more buildings (e.g. densely populated areas).
The data are maintained annually for new and abolished postal code areas (in accordance with the Population Information System's data) and they are released annually in January. Statistics produced with postal code area classifications from different years are not comparable.
The municipality code (regional division of 1 January 2022) of the postal code area is determined based on the surface area. An area located on the border of several municipalities gets the municipality code with the larger surface area in the area.

Information

Households, total, 2020 (TR)

Households, total is the number of households who are living in the area. This is the radix of the data group.

Average income of households, 2020 (TR)

Average income of households (eur) is the average annual disposable monetary income of households.

Median income of households, 2020 (TR)

Median income of households (eur) is obtained by listing households by the amount of disposable monetary income. Median income is the income of the middle household. An equal number of households remain on both sides of the middle household.

Households belonging to the lowest income category, 2020 (TR)

Households earning per consumption unit at most EUR 17 927 per year (deciles 1-2). Income categories are formed by using deciles. The deciles are formed by listing all persons included in the dwelling population in order based on their equivalent disposable monetary income and dividing them to ten shares that contain an equal amount of persons. Equivalent income is an income concept by which incomes of households of different types are made comparable by taking account of shared consumption benefits.
Equivalent income = the household's income divided by the number of consumption units in the household.
From 2002 the income distribution statistics have used the OECD's adjusted consumption unit scale recommended by Eurostat, the Statistical Office of the European Communities, where
- the first adult of the household receives the weight 1
- other over 13-year-olds receive the weight 0.5
- children receive the weight 0.3 (0 to 13-year-olds are defined as children)
The assumption is that income is evenly distributed inside the household between all household members in relation to the above-mentioned consumption need.

Households belonging to the middle income category, 2020 (TR)

Households earning per consumption unit EUR 17 927 - 37 314 per year (deciles 3-8). Income categories are formed by using deciles. The deciles are formed by listing all persons included in the dwelling population in order based on their equivalent disposable income and dividing them to ten shares that contain an equal amount of persons. Equivalent income is an income concept by which incomes of households of different types are made comparable by taking account of shared consumption benefits.
Equivalent income = the household's income divided by the number of consumption units in the household.
From 2002 the income distribution statistics have used the OECD's adjusted consumption unit scale recommended by Eurostat, the Statistical Office of the European Communities, where
- the first adult of the household receives the weight 1
- other over 13-year-olds receive the weight 0.5
- children receive the weight 0.3 (0 to 13-year-olds are defined as children)
The assumption is that income is evenly distributed inside the household between all household members in relation to the above-mentioned consumption need.

Households belonging to the highest income category, 2020 (TR)

Households earning per consumption unit more than EUR 37 314 per year (deciles 9-10). Income categories are formed by using deciles. The deciles are formed by listing all persons included in the dwelling population in order based on their equivalent disposable income and dividing them to ten shares that contain an equal amount of persons. Equivalent income is an income concept by which incomes of households of different types are made comparable by taking account of shared consumption benefits.
Equivalent income = the household's income divided by the number of consumption units in the household.
From 2002 the income distribution statistics have used the OECD's adjusted consumption unit scale recommended by Eurostat, the Statistical Office of the European Communities, where
- the first adult of the household receives the weight 1
- other over 13-year-olds receive the weight 0.5
- children receive the weight 0.3 (0 to 13-year-olds are defined as children)
The assumption is that income is evenly distributed inside the household between all household members in relation to the above-mentioned consumption need.

Accumulated purchasing power of households, 2020 (TR)

Accumulated purchasing power of households (eur) is the accumulated disposable monetary income.