Household income refers to the total earnings of all members living in a single dwelling. This includes wages, salaries, bonuses, and any other sources of income such as social security, pensions, or rental income. It is an important measure used to assess the economic well-being of families and individuals. Household income is often used to determine eligibility for various government programs and benefits. It can also influence decisions related to housing, education, and healthcare. Understanding household income helps in analyzing economic trends and the overall financial health of a community.