Median Salary in the U.S. (2023)

Median Salary in the U.S. (1)

Having a strong sense of median salaries can help you choose a career and location, and it can help ensure your pay is fair. This data can be broken down even further to give insights into the median pay by gender, race, and more. Here are a few key government estimates about median pay in the U.S.

Key Takeaways

  • The median salary in the U.S. in the second quarter of 2022 was $1,041 per week or $54,132 per year.
  • Massachusetts ($58,531.20) and Washington, D.C. ($79,955.20) are the two areas with the highest median annual pay.
  • The median weekly pay was $1,144 for men and $943 for women.
  • Management and professional occupations had the highest median pay ($1,743 for men and $1,265 for women).

Median Salary Information for U.S. Workers

According to the Bureau of Labor Statistics (BLS), the median wage for workers in the United States in the second quarter of 2022 was about $1,041 per week or $54,132 per year (assuming 52 weeks of work per year). Wages were 5.2% higher than a year earlier.

Note

These figures are based on median estimates from the government. Salaries can vary significantly based on factors such as occupation and location. Using the median estimate reduces the influence of outlier statistics.

(Video) Comparison: Median salary for jobs in United States of America

What's considered a good salary in one job or metro area may not be in another. For example, workers in professional, management, and related occupations earned the highest pay. In these jobs, men earned a median annual salary of $90,636, while women earned a median annual salary of $65,780. However, in service occupations, men earned a median annual salary of $40,196, while women earned a median annual salary of $34,112.

Jobs in large metropolitan cities, which have higher costs of living, also tend to pay more than jobs in more rural and suburban areas.

Note

There are a variety of calculators you can use to find out what the average salary is for a job in your occupation and location of interest. In addition, you can use a cost-of-living calculator to determine how much it costs to live in a specific location.

Median Salary by State

The BLS breaks down pay data by state. Here are the median state salaries as of May 2021 (assuming 52 weeks of 40-hour schedules).

Median Salaries for U.S. Men and Women

The BLS reports that, in the second quarter of 2022, men earned a median annual salary of $59,488, while women made a median annual salary of $49,036, or 82.4% of men’s earnings.

Median Salary by Race

Race and ethnicity also play a role in salaries for men and women. For example, White women earned 82.3% as much as their male counterparts, compared with 88.1% for Black women, 79% for Asian women, and 85.7% for Hispanic women.

However, Black men made a median annual salary of $49,556, which is only 82.1% of what White men earned ($55,536). The difference for women was a bit less; Black women’s median annual earnings were 87.9% ($43,680) of White women’s median annual earnings ($49,712).

The BLS also provides information on Hispanic and Asian wage earners, who earned a median annual salary of $42,224 and $69,472, respectively.

Median Salary by Age

Salaries also varied by age. For example, men aged 35 to 44 had the highest median annual salary ($69,264). Women earned the highest annual wages between the ages of 45 and 54 ($54,652).

(Video) United States Median Household Income 2022 Ranked Lowest to Highest States

Median Salary Based on Education

The BLS data reveals that completing more education pays off (at least statistically). Workers aged 25 and over without a high school degree had median annual earnings of $35,828 in the second quarter of 2022 compared to $43,576 for high school graduates without a college degree. College graduates with at least a bachelor's degree earned a median salary of $80,444 annually.

Median Salary by Job

The BLS breaks down pay information by career. This can help you pick a career with pay that meets your needs. These median annual figures are based on weekly pay information from the second quarter of 2022 (assuming someone works 52 weeks per year).

JobMedian Annual Pay
Management, Professional, and Related Occupations75,868
Service Occupations36,764
Sales and Office Occupations45,084
Natural Resources, Construction, and Maintenance Occupations50,128
Production, Transportation, and Material Moving Occupations41,964

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Sources

The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.

  1. Bureau of Labor Statistics. "May 2021 State Occupational Employment and Wage Estimates."

  2. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Pages 1-2, 8.

  3. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Pages 1-2.

  4. Indeed Hiring Lab. "Where Salaries Go Furthest in 2019: The Small-City Advantage."

  5. Bureau of Labor Statistics. "May 2021 State Occupational Employment and Wage Estimates."

  6. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Page 1.

  7. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Pages 1, 7.

  8. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Pages 2, 9.

  9. Bureau of Labor Statistics. "Usual Weekly Earnings of Wage and Salary Workers," Page 8.

(Video) What Is The Average Family Income In The USA And How Do You Compare

FAQs

What percentage of Americans make over 100k? ›

In the US, 18% of individual Americans and 34.4% of households make $100k per year or more. This number has increased by 2.97% in the past five years and has nearly doubled since 1980. However, that doesn't mean all $100k+ earners are evenly spread.

What percentage of Americans make 75k? ›

In the U.S., the Middle Class constitutes any income between $42,000 and $126,000. Overall, the highest percentage of Americans (16.5%) have an income between $50,000-$74,999. With the second and third highest percentages being those who make between $75,000-$99,999 (12.2%) and $100,000-$149,000 (15.3%).

What is the current U.S. median yearly salary? ›

The median American worker brings home an estimated $54,132 a year. Salary figures vary significantly depending on location, education and other factors.

How much does the top 5% make? ›

From the top 5% to the top 1%

You'll start to see dramatic shifts in the top 5%, where the EPI found the average earners significantly increased to $343,000 in 2020, up from $324,000 the year before.

How many Americans make 6 figures? ›

According to Zippia, roughly 33.6% of Americans make six figures annually. And 15% of those earn between $100,000 to $150,000. As for how many Americans have a net worth of over one million dollars, 9% fell within that category in 2020.

What percent of Americans make 150k? ›

Percentage distribution of household income in the United States in 2021
Annual household income in U.S. dollarsPercentage of U.S. households
75,000 to 99,99911.9%
100,000 to 149,99915.9%
150,000 to 199,9998.3%
200,000 and over11.6%
5 more rows
Sep 30, 2022

How much do top 10% of Americans make? ›

Annual Wages of Top Earners
2020 Average Annual Wages
GroupAvg. Wages
Top 1% of Earners$823,763
Top 5% of Earners$342,987
Top 10% of Earners$173,176
1 more row

What income level is upper class? ›

Based on Pew's analysis, a household of three needs an income of $156,600 to meet the definition of upper class, which amounts to more than double the national median.

Is 80k a year middle class? ›

Anyone who makes 80 K a year is considered to be in the middle class no matter where they live in the US. This is because you only go above the middle class if you are making $175,000 a year on average.

Is 75k a good salary in USA? ›

If you're earning $75,000 each year, you're doing a bit better than half the country. According to data from the U.S. Census Bureau, the median household income in 2021 stood at $70,784, so that extra $4,216 puts you in the upper 50 percent of earners.

What salary is middle class? ›

Pew defines “middle class” as those earning between two-thirds and twice the median American household income, which in 2021 was $70,784, according to the United States Census Bureau. That means American households earning as little as $47,189 and up to $141,568 are technically in the middle class.

How much does the average 26 year old make? ›

$47,873

What is top 3 percent income in us? ›

This section's factual accuracy may be compromised due to out-of-date information.
DataTop thirdTop 3%
Household income
Lower threshold (annual gross income)$65,000$200,000
Exact percentage of households34.72%2.67%
Personal income (age 25+)
2 more rows

What is the top 2% income in the US? ›

Across the US, the average income for the top 2% of all earners is $206,000.

What percentage of men make 6 figures? ›

Men tend to have more money stashed away than women, in large part due to the gender pay gap. Looking at the gap differently, 16% of male workers earn at least six figures, compared with 7% of female workers. And 4% of men land above the $200,000 income threshold, compared with 1% of women.

What percent of 30 year olds make 100k? ›

Only 7% of all 30-year-olds earn $100k or more per year. This number jumps to 15% for 40-year-olds, 16% for 50-year-olds, and reaches a max of 21% for 66-year-olds.

How much should a 25 year old male make? ›

Median salary in the US by age bracket
Age rangeMedian weekly earningsMedian annual earnings
20-24$684$35,568
25-34$975$50,700
35-44$1,155$60,060
45-54$1,172$60,944
3 more rows
Jul 27, 2022

Is six figures middle class? ›

In today's economy, $100,000 is considered middle class in the US.

How many Americans make over 400k? ›

According to the IRS, a $400,000 or more annual household income represents America's top 1.8% income-earners. Per IRS Publication 6292, there were 154 million tax returns filed in 2019, thus approximately 2.8 million people earn over $400,000. 330 million people live in the United States.

Is 150k a year middle class? ›

Across the entire country, that range is between $47,189 and $141,568, based on Census Bureau income data. But $150,000 is still a middle-class income by Pew's definition in nearly half of the country's 50 most-populated metropolitan areas, where incomes tend to be high.

What percentage of Americans make over 300k? ›

Annual income often comes in rounded numbers, as seen in the spikes sticking out at each $10,000. More round numbers at the $150,000 and $200,000 marks. About 2% of employed people made $300,000 or more in total income.

How much does the average 30 year old make? ›

Average Salary for Ages 25-34

For Americans ages 25 to 34, the median salary is $1,003 per week or $52,156 per year.

What is the top 1% household income? ›

According to a recent study by personal finance website SmartAsset, an American family needed to earn $597,815 in 2021 to be in the top 1% nationally.

What should my net worth be at 40? ›

By age 40, your goal is to have a net worth of two times your annual salary. So, if your salary edges up to $80,000 in your 30s, then by age 40 you should strive for a net worth of $160,000.

What is considered wealthy in America? ›

According to Schwab's 2022 Modern Wealth Survey (opens in new tab), Americans believe it takes an average net worth of $2.2 million to qualify a person as being wealthy.

What are the 5 income classes? ›

One objective way some researchers divide individuals into economic classes is by looking at their incomes. From that data, they split earners into different classes: poor, lower-middle class, middle class, upper-middle class and wealthy.

What is the average wealth by age? ›

Household net worth by age
Age of head of familyMedian net worthAverage net worth
Less than 35$13,900$76,300
35-44$91,300$436,200
45-54$168,600$833,200
55-64$212,500$1,175,900
2 more rows

What percentage of Americans make over $80000? ›

Income distribution
Income rangeNumber of peopleProportion (%)
Cumulative
$77,500 to $79,9991,307,000Less than $100k 90.85%
$80,000 to $82,4992,725,000
$82,500 to $84,9991,021,000
42 more rows

What percentage of Americans make over 80k? ›

Percent by Household
Annual Household Income% of Americans Earning More
$65,000 to $69,99935.03%
$70,000 to $74,99931.85%
$75,000 to $79,99929.22%
$80,000 to $84,99926.57%
38 more rows
Oct 27, 2011

Is 100k a year upper class? ›

In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.

What house can I afford on 100K a year? ›

A 100K salary means you can afford a $350,000 to $500,000 house, assuming you stick with the 28% rule that most experts recommend. This would mean you would spend around $2,300 per month on your house and have a down payment of 5% to 20%.

How much is 80k a year hourly? ›

$80,000 is $40.00 an hour.

$40.00 is the hourly wage a person who earns a $80,000 salary will make if they work 2,000 hours in a year for an average of 40 hours per week, with two weeks of total holidays. We take the annual salary of $80,000 and divide it by 2,000 to get to a $40.00 hourly rate.

How much house can I afford if I make $70,000 a year? ›

If you're an aspiring homeowner, you may be asking yourself, “I make $70,000 a year: how much house can I afford?” If you make $70K a year, you can likely afford a home between $290,000 and $360,000*. That's a monthly house payment between $2,000 and $2,500 a month, depending on your personal finances.

Is $120 000 a year middle class? ›

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau. 21 Using Pew's yardstick, middle income is made up of people who make between $43,350 and $130,000.

What is middle class vs rich? ›

The middle class is often defined as the middle three quintiles.
...
Note.
QuintileDefinitionMedian Net Worth
Middle 20%Middle Class$104,700
Next 20%Upper-Middle Class$201,800
Top 20%Wealthy$608,900
2 more rows
Dec 30, 2021

What is a working class salary? ›

The median hourly wage of today's working class is $15.75—a full $1.44 less than in 1980, after adjusting for inflation. 16 Today more than one-third of full-time workers earn less than $15 an hour, and fully 47 percent of all workers earn less than $15 an hour.

At what age does salary peak? ›

From career achievements to family milestones, these are the years in which you'll see the hard work you put in during your 20s and 30s really start to pay off. These decades are known as your peak earning years, as full-time workers with bachelor's degrees tend to make the most money in their 40s and 50s.

Where should I be financially at 35? ›

So to answer the question, we believe having one to one-and-a-half times your income saved for retirement by age 35 is a reasonable target. By age 50, you would be considered on track if you have three to six times your preretirement gross income saved.

What should your net worth be at 30? ›

One popular rule is the 70% rule. Another rule is the 50/30/20 rule. This rule breaks down your income as follows: Your net worth should be 1.5x your annual income at age 30.

What salary puts you in the top 20 percent us? ›

In fact, the minimum threshold to be among the top 20% of earners nationwide ($130,545) is more than two times greater than the median household income and nearly five times greater than the maximum threshold to be among the bottom 20% of earners nationwide ($26,685).

What defines you as upper class? ›

The term upper class is a socioeconomic term used to describe those who reside on the highest levels of the social ladder above the middle and working or lower classes. They generally have the highest status in society and hold a great deal of wealth.

What is a good monthly income in USA? ›

Included in this amount are all salaries and wages, but also other unearned income on investments or capital gains. The average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year).

What is the top 8% income in the US? ›

Over one quarter, 28.5%, of all income was earned by the top 8%, those households earning more than $150,000 a year. The top 3.65%, with incomes over $200,000, earned 17.5%. Households with annual incomes from $50,000 to $75,000, 18.2% of households, earned 16.5% of all income.

How common is a 7 figure salary? ›

Earning seven figures means bringing in between one and $9.9 million per year. Only very few ever reach this level of income and the vast majority of the population of the world outside the US might not even earn this much money in their whole life.

What is the average age to make six figures? ›

The average age to make six figures is typically in the late-30s or early 40s, but it is possible to make six figures earlier if you are exceptionally successful. This is because many people cannot find a job that pays this much money right out of college. It takes time and experience to land a high-paying job.

What percentage of white men make 100k? ›

Percentage distribution of household income in the United States in 2021, by ethnicity
Annual household income in U.S. dollarsWhite alone, not HispanicAsian alone
50,000 to 74,99915.7%13.4%
75,000 to 99,99912.3%10%
100,000 to 149,99917%17.7%
150,000 to 199,9999.2%12.2%
5 more rows
Sep 30, 2022

Is making 100k a year common? ›

To put $100,000 into context, it is just above what many families earn these days. The median income for families (including single parents) was $91,000 in 2021, according to data from the Census Bureau, and about 45% of families earned $100,000 or more last year.

What percentile is 100k income? ›

How many people made $100,000 or more in 2022? 31,779,702 workers, or 18.0% of all individual workers, made a six-figure income.

What percent of the world population makes more than 100k? ›

How is Global Wealth Distributed?
Wealth RangeWealthAdult Population
$100k-$1M$163.9 trillionHeld by 11.1%
$10k-$100k$57.3 trillionHeld by 32.8%
Less than $10k$5.5 trillionHeld by 55.0%
Total$418.3 trillionHeld by 100.0%
1 more row
Sep 20, 2021

How many people make more than 125k? ›

Percent by Household
Annual Household Income% of Americans Earning More
$120,000 to $124,99912.83%
$125,000 to $129,99911.78%
$130,000 to $134,99910.74%
$135,000 to $139,9999.85%
38 more rows
Oct 27, 2011

Is a six figure salary good? ›

Earning a six-figure salary may still be a sign of status and success, but it comes up short in guaranteeing a comfortable lifestyle in many parts of the country. A 2020 analysis by GOBankingRates questioned whether the American dream was still affordable in any state.

What percent of 30 year olds make 100K? ›

Only 7% of all 30-year-olds earn $100k or more per year. This number jumps to 15% for 40-year-olds, 16% for 50-year-olds, and reaches a max of 21% for 66-year-olds.

How much is $100 000 a year per hour? ›

$100,000 is $48.08 an hour without vacation time.

If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work. So $100,000 a year in income divided by 2,080 is a $48.08 hourly wage.

What income is considered upper middle class? ›

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range.

What does the top 1% of the population make? ›

How to Make the Top 1% List. According to the Economic Policy Institute, the average annual wage of the top 1% was $823,763 as of 2020.1 A more recent study by SmartAsset points out that the national average of the top 1% earners is $597,815.2 Have in mind that the figures vary greatly from state to state.

What net worth puts you in the top 10 percent? ›

People with the top 1% of net worth (opens in new tab) in the U.S. in 2022 had $10,815,000 in net worth. The top 2% had a net worth of $2,472,000. The top 5% had $1,030,000. The top 10% had $854,900.

How many people is 1% of the world's population? ›

The current world population (as of March of 2022) is estimated at 7.9 billion. Therefore, 1% of the world population would be about 79 million people.

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