Median

What is a 'Median'

A median is the middle number in a sorted list of numbers. To determine the median value in a sequence of numbers, the numbers must first be arranged in value order from lowest to highest. If there is an odd amount of numbers, the median value is the number that is in the middle, with the same amount of numbers below and above. If there is an even amount of numbers in the list, the middle pair must be determined, added together and divided by two to find the median value. The median can be used to determine an approximate average.

BREAKING DOWN 'Median'

To find the median value in a list with an odd amount of numbers, one would find the number that is in the middle with an equal amount of numbers on either side of the median. To find the median, first arrange the numbers in order from lowest to highest:
List: 3, 13, 2, 34, 11, 26, 47


Arranged in order, the list becomes: 2, 3, 11, 13, 26, 34, 47


The median is the number in the middle: 2, 3, 11, 13, 26, 34, 47


13 is the median in the list of numbers since there are 3 numbers on either side.


To find the median value in a list with an even amount of numbers, first arrange the numbers in order from lowest to highest:


List: 3, 13, 2, 34, 11, 26, 47, 17


Arranged in order, the list becomes: 2, 3, 11, 13, 17, 26, 34, 47


The median is the average of the two numbers in the middle: 2, 3, 11, 13, 17, 26, 34, 47


13 + 17 = 30 30/ 2 = 15. Fifteen is the median value in this list of numbers.

RELATED TERMS
  1. Middle Rate

    A term used to describe the average rate agreed upon when conducting ...
  2. Per Capita

    A Latin term that translates into "by head," basically meaning ...
  3. Fibonacci Time Zones

    An indicator used by technical traders to identify periods in ...
  4. Middle Market

    Definition of middle market
  5. Middle Market Firm

    A firm with sizeable annual revenues, ranging from $50 million ...
  6. Listed

    Being included and traded on a given exchange. Most exchanges ...
Related Articles
  1. Managing Wealth

    The 10 Most Expensive ZIP Codes in Houston

    You can get a lot more house for your money in Houston – the largest city in Texas and the fourth largest in the U.S. – than you can in New York City.
  2. Managing Wealth

    The 10 Most Expensive ZIP Codes in Los Angeles

    The top 10 most expensive ZIP codes in Los Angeles have median home prices ranging from about $3.1 to $5.1 million. What you get for that price varies a lot.
  3. Managing Wealth

    10 Most Expensive ZIP Codes in Connecticut

    Looking for an elegant home? Check here for the median home prices, average days on the market and median household income in this state’s top towns.
  4. Personal Finance

    Top 10 Most Developed Cities in the U.S

    Want to know where to live, work, or play? If so, the following information might be of great value to you.
  5. Managing Wealth

    The 10 Most Expensive ZIP Codes in New York State

    Though Sagaponack is first, New York City ZIP codes dominate the rest of the state on Forbes’ America’s Most Expensive ZIP Codes list for 2015.
  6. Managing Wealth

    The 10 Most Expensive ZIP Codes in Dallas

    Everything is big in the Big D, and the poshest neighborhoods are no exception: Your money will buy a lot of house in these Dallas enclaves.
  7. Personal Finance

    Top 10 Careers For Paying Back Your Student Loans

    These jobs will help you pay off your education debt quickly.
  8. Investing

    Which Income Class Are You?

    This article identifies the various income classes in America. Find out which class you fall under.
  9. Personal Finance

    Best Careers for College Grads in 2016

    College students, new grads and adults looking to retool should check out this list of hot careers.
  10. Markets

    Top 10 Highest-Paying Retail Jobs

    Find out where to find the top 10 highest-paying retail jobs in the country, and what the top retailers are paying their sales associates.
RELATED FAQS
  1. Where are home values falling the fastest in the US, and why?

    Learn about the metropolitan areas in the United States experiencing the largest drops in median single family homes values ... Read Answer >>
  2. What are the main rules for building a strategy using Andrew's Pitchforks?

    Understand the proper application and setup of Andrews' pitchfork and how analysts and traders use this tool to predict future ... Read Answer >>
  3. What country has the richest middle class?

    Learn which country has the richest middle class in the world, as well as the factors that have enabled the middle class ... Read Answer >>
  4. What debt/equity ratio is typical for companies in the insurance sector?

    Learn about the average debt-to-equity ratio among insurance providers. Find out about the ranges of D/E among insurers and ... Read Answer >>
  5. Why are coupon payments considered an annuity?

    Learn about the average debt to equity (D/E) ratio for firms in the electronics sector and what the median D/E ratio is and ... Read Answer >>
  6. What is price-to-book ratio is typical in the electronics sector?

    Learn about the price-to-book ratio and how it is important for fundamental valuation analysis. What P/B is common among ... Read Answer >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center