{"id":15325,"date":"2024-04-10T07:16:56","date_gmt":"2024-04-10T07:16:56","guid":{"rendered":"https:\/\/jobera.com\/?p=15325"},"modified":"2024-04-10T07:16:56","modified_gmt":"2024-04-10T07:16:56","slug":"average-american-income-statistics","status":"publish","type":"post","link":"https:\/\/jobera.com\/resources\/average-american-income-statistics\/","title":{"rendered":"50+ Average American Income Statistics &amp; Trends [2026]"},"content":{"rendered":"\n<p><em>Did you know that the <\/em><strong><em>top 10% earn 30.2% <\/em><\/strong><em>of the total income in the US?<\/em><\/p>\n\n\n\n<p>The <strong>median <\/strong>US household income was <strong>$74,580<\/strong> in 2022.<\/p>\n\n\n\n<p>Cardiologists earned an average wage of <strong>$421,330<\/strong> based on over <strong>16,000 cardiologists<\/strong> in employment.<\/p>\n\n\n\n<p>The <strong>high-paying occupations<\/strong> in the US are <strong>Oral<\/strong> and <strong>Maxillofacial Surgeons, Radiologists, Physicians, Pathologists, and Anesthesiologists (239K)<\/strong>.<\/p>\n\n\n\n<p><strong>About 37.2 million<\/strong> Americans are living in <strong>poverty<\/strong>.<\/p>\n\n\n\n<p><em>How does your income stack up?<\/em><\/p>\n\n\n\n<p>Navigate the realm of personal finance by revealing average American income statistics.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#top-average-american-income-statistics-editors-pick\">Top Average American Income Statistics: Editor\u2019s Pick<\/a><\/li><li class=\"\"><a href=\"#average-american-income-statistics\">Average American Income Statistics<\/a><\/li><li class=\"\"><a href=\"#average-american-income-by-state\">Average American Income By State<\/a><\/li><li class=\"\"><a href=\"#average-american-income-by-demographics\">Average American Income By Demographics<\/a><\/li><li class=\"\"><a href=\"#average-american-income-by-gender\">Average American Income By Gender<\/a><\/li><li class=\"\"><a href=\"#us-median-family-income-by-family-size\">US Median Family Income By Family Size<\/a><\/li><li class=\"\"><a href=\"#american-poverty-and-income-bracket\">American Poverty And Income Bracket<\/a><\/li><li class=\"\"><a href=\"#medical-professionals-are-paid-the-highest\">Medical Professionals are Paid the Highest<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"top-average-american-income-statistics-editors-pick\">Top Average American Income Statistics: Editor\u2019s Pick<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"427\" src=\"https:\/\/dev.jobera.com\/resources\/wp-content\/uploads\/2024\/04\/us-real-wage-stats-1024x427.jpg\" alt=\"US has the sixth-highest real wages in the world\" class=\"wp-image-15330\" srcset=\"https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/us-real-wage-stats-1024x427.jpg 1024w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/us-real-wage-stats-300x125.jpg 300w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/us-real-wage-stats-768x320.jpg 768w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/us-real-wage-stats.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>From <strong>2014-2020<\/strong>, the average median household income increased from <strong>$55,613 to $67,521<\/strong>. <sup>[1]<\/sup><\/li>\n\n\n\n<li>The<strong> average US household income<\/strong> was <strong>$105,555<\/strong> in 2022. <sup>[1]<\/sup><\/li>\n\n\n\n<li><strong>California<\/strong> is home to<strong> five <\/strong>of the <strong>top 10 <\/strong>highest-paying areas in the US. <sup>[1]<\/sup><\/li>\n\n\n\n<li>Americans aged <strong>45 to 64 earn more<\/strong> money than their younger and older counterparts. <sup>[3]<\/sup><\/li>\n\n\n\n<li><strong>Asian Americans <\/strong>earn the most, making <strong>$106,954 a year<\/strong>. <sup>[3]<\/sup><\/li>\n\n\n\n<li><strong>Men <\/strong>earned a <strong>median salary of $52,612<\/strong> in 2022 while <strong>women <\/strong>earned <strong>$39,688.<\/strong> <sup>[4]<\/sup><\/li>\n\n\n\n<li>US median family income is highest for f<strong>our-person families <\/strong>at <strong>$113,919<\/strong>. <sup>[1]<\/sup><\/li>\n\n\n\n<li>Families whose income falls between <strong>$42,000 and $126,000 <\/strong>are called the middle class.<strong> 52%<\/strong> of Americans are considered<strong> middle class<\/strong>. <sup>[5]<\/sup><\/li>\n\n\n\n<li><strong>29% fall<\/strong> into<strong> lower class<\/strong> while <strong>19% <\/strong>are considered <strong>upper class. <\/strong><strong><sup>[5]<\/sup><\/strong><\/li>\n\n\n\n<li><strong>Athletes and Sports<\/strong> were only <strong>non-medical professionals<\/strong> who took the highest salaries and made their place in the <strong>top five earners<\/strong> with average annual earnings of<strong> $358,080<\/strong>. <sup>[2]<\/sup><\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"average-american-income-statistics\">Average American Income Statistics<\/h2>\n\n\n\n<p><em>How much does an average American earn?<\/em><\/p>\n\n\n\n<p>The<strong> average US household income<\/strong> was <strong>$105,555<\/strong> in 2022. <sup>[1]<\/sup><\/p>\n\n\n\n<p>&nbsp;The <strong>median <\/strong>US household income was <strong>$74,580<\/strong>. <sup>[1]<\/sup><\/p>\n\n\n\n<p><strong>Average American<\/strong> income varies for different geographical areas<\/p>\n\n\n\n<p>From <strong>2014-2020<\/strong>, the average median household income increased from <strong>$55,613 to $67,521<\/strong>. <sup>[1]<\/sup><\/p>\n\n\n\n<p>The US has the <strong>sixth-highest <\/strong>real wages in the world.<\/p>\n\n\n\n<p>As of 2020, the average American<strong> real wage was $67,521<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"average-american-income-by-state\">Average American Income By State<\/h2>\n\n\n\n<p><strong>California<\/strong> is home to<strong> five <\/strong>of the <strong>top 10 <\/strong>highest-paying areas in the US. <sup>[1]<\/sup><\/p>\n\n\n\n<p>The median household income in <strong>Washington, D.C.<\/strong> was <strong>$101,027<\/strong> in 2022. <sup>[1]<\/sup><\/p>\n\n\n\n<p>Here we have enlisted median household income in different US states, along with its distribution between male and female.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>State<\/strong><\/th><th><strong>Median household income<\/strong><\/th><th><strong>Median female income<\/strong><\/th><th><strong>Median male income<\/strong><\/th><th><strong>Female median salary as a percentage of male median salary<\/strong><\/th><\/tr><\/thead><tbody><tr><td>District of Columbia<\/td><td>$101,027<\/td><td>$75,051<\/td><td>$92,206<\/td><td>81%<\/td><\/tr><tr><td>New Jersey<\/td><td>$96,346<\/td><td>$47,965<\/td><td>$64,161<\/td><td>75%<\/td><\/tr><tr><td>Maryland<\/td><td>$94,991<\/td><td>$52,005<\/td><td>$64,352<\/td><td>81%<\/td><\/tr><tr><td>Massachusetts<\/td><td>$94,488<\/td><td>$50,993<\/td><td>$63,228<\/td><td>81%<\/td><\/tr><tr><td>Hawaii<\/td><td>$92,458<\/td><td>$46,268<\/td><td>$60,340<\/td><td>77%<\/td><\/tr><tr><td>California<\/td><td>$91,551<\/td><td>$51,894<\/td><td>$66,918<\/td><td>78%<\/td><\/tr><tr><td>Washington<\/td><td>$91,306<\/td><td>$50,641<\/td><td>$65,952<\/td><td>77%<\/td><\/tr><tr><td>New Hampshire<\/td><td>$89,992<\/td><td>$44,387<\/td><td>$60,988<\/td><td>73%<\/td><\/tr><tr><td>Colorado<\/td><td>$89,302<\/td><td>$50,896<\/td><td>$64,384<\/td><td>79%<\/td><\/tr><tr><td>Utah<\/td><td>$89,168<\/td><td>$44,745<\/td><td>$59,132<\/td><td>76%<\/td><\/tr><tr><td>Connecticut<\/td><td>$88,429<\/td><td>$43,759<\/td><td>$59,352<\/td><td>74%<\/td><\/tr><tr><td>Alaska<\/td><td>$88,121<\/td><td>$55,513<\/td><td>$61,089<\/td><td>91%<\/td><\/tr><tr><td>Virginia<\/td><td>$85,873<\/td><td>$45,154<\/td><td>$59,681<\/td><td>76%<\/td><\/tr><tr><td>Minnesota<\/td><td>$82,338<\/td><td>$42,108<\/td><td>$54,636<\/td><td>77%<\/td><\/tr><tr><td>Delaware<\/td><td>$82,174<\/td><td>$41,015<\/td><td>$57,015<\/td><td>72%<\/td><\/tr><tr><td>Rhode Island<\/td><td>$81,854<\/td><td>$41,054<\/td><td>$55,762<\/td><td>74%<\/td><\/tr><tr><td>New York<\/td><td>$79,557<\/td><td>$44,122<\/td><td>$56,787<\/td><td>78%<\/td><\/tr><tr><td>Illinois<\/td><td>$76,708<\/td><td>$40,803<\/td><td>$53,212<\/td><td>77%<\/td><\/tr><tr><td>Oregon<\/td><td>$75,657<\/td><td>$43,267<\/td><td>$52,860<\/td><td>82%<\/td><\/tr><tr><td>Arizona<\/td><td>$74,568<\/td><td>$43,134<\/td><td>$52,588<\/td><td>82%<\/td><\/tr><tr><td>Vermont<\/td><td>$73,991<\/td><td>$41,366<\/td><td>$50,314<\/td><td>82%<\/td><\/tr><tr><td>Georgia<\/td><td>$72,837<\/td><td>$37,560<\/td><td>$52,290<\/td><td>72%<\/td><\/tr><tr><td>Idaho<\/td><td>$72,785<\/td><td>$37,338<\/td><td>$47,760<\/td><td>78%<\/td><\/tr><tr><td>Nevada<\/td><td>$72,333<\/td><td>$41,458<\/td><td>$51,728<\/td><td>80%<\/td><\/tr><tr><td>Texas<\/td><td>$72,284<\/td><td>$39,615<\/td><td>$52,823<\/td><td>75%<\/td><\/tr><tr><td>North Dakota<\/td><td>$71,970<\/td><td>$36,360<\/td><td>$49,687<\/td><td>73%<\/td><\/tr><tr><td>Pennsylvania<\/td><td>$71,798<\/td><td>$37,129<\/td><td>$49,823<\/td><td>75%<\/td><\/tr><tr><td>Wisconsin<\/td><td>$70,996<\/td><td>$37,729<\/td><td>$49,696<\/td><td>76%<\/td><\/tr><tr><td>Wyoming<\/td><td>$70,042<\/td><td>$35,491<\/td><td>$46,466<\/td><td>76%<\/td><\/tr><tr><td>South Dakota<\/td><td>$69,728<\/td><td>$39,667<\/td><td>$46,097<\/td><td>86%<\/td><\/tr><tr><td>Nebraska<\/td><td>$69,597<\/td><td>$36,125<\/td><td>$45,713<\/td><td>79%<\/td><\/tr><tr><td>Iowa<\/td><td>$69,588<\/td><td>$37,539<\/td><td>$46,554<\/td><td>81%<\/td><\/tr><tr><td>Maine<\/td><td>$69,543<\/td><td>$38,133<\/td><td>$43,511<\/td><td>88%<\/td><\/tr><tr><td>Florida<\/td><td>$69,303<\/td><td>$37,868<\/td><td>$51,225<\/td><td>74%<\/td><\/tr><tr><td>Kansas<\/td><td>$68,925<\/td><td>$35,281<\/td><td>$44,145<\/td><td>80%<\/td><\/tr><tr><td>Montana<\/td><td>$67,631<\/td><td>$36,916<\/td><td>$44,047<\/td><td>84%<\/td><\/tr><tr><td>North Carolina<\/td><td>$67,481<\/td><td>$37,445<\/td><td>$46,497<\/td><td>81%<\/td><\/tr><tr><td>Michigan<\/td><td>$66,986<\/td><td>$35,523<\/td><td>$45,613<\/td><td>78%<\/td><\/tr><tr><td>Indiana<\/td><td>$66,785<\/td><td>$33,881<\/td><td>$46,426<\/td><td>73%<\/td><\/tr><tr><td>Ohio<\/td><td>$65,720<\/td><td>$35,194<\/td><td>$45,901<\/td><td>77%<\/td><\/tr><tr><td>Tennessee<\/td><td>$65,254<\/td><td>$35,565<\/td><td>$45,792<\/td><td>78%<\/td><\/tr><tr><td>Missouri<\/td><td>$64,811<\/td><td>$34,068<\/td><td>$43,546<\/td><td>78%<\/td><\/tr><tr><td>South Carolina<\/td><td>$64,115<\/td><td>$34,515<\/td><td>$43,017<\/td><td>80%<\/td><\/tr><tr><td>New Mexico<\/td><td>$59,726<\/td><td>$32,409<\/td><td>$42,040<\/td><td>77%<\/td><\/tr><tr><td>Alabama<\/td><td>$59,674<\/td><td>$28,708<\/td><td>$37,760<\/td><td>76%<\/td><\/tr><tr><td>Oklahoma<\/td><td>$59,673<\/td><td>$31,917<\/td><td>$39,797<\/td><td>80%<\/td><\/tr><tr><td>Kentucky<\/td><td>$59,341<\/td><td>$29,963<\/td><td>$40,002<\/td><td>75%<\/td><\/tr><tr><td>Arkansas<\/td><td>$55,432<\/td><td>$27,689<\/td><td>$36,159<\/td><td>77%<\/td><\/tr><tr><td>Louisiana<\/td><td>$55,416<\/td><td>$27,628<\/td><td>$40,651<\/td><td>68%<\/td><\/tr><tr><td>West Virginia<\/td><td>$54,329<\/td><td>$27,810<\/td><td>$34,293<\/td><td>81%<\/td><\/tr><tr><td>Mississippi<\/td><td>$52,719<\/td><td>$24,804<\/td><td>$32,424<\/td><td>76%<\/td><\/tr><tr><td>Puerto Rico<\/td><td>$24,112<\/td><td>$13,532<\/td><td>$17,250<\/td><td>78%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>Source: <a href=\"https:\/\/www.bls.gov\/oes\/current\/oes_nat.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">US Census Bureau (2023)<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"average-american-income-by-demographics\">Average American Income By Demographics<\/h2>\n\n\n\n<p>It is interesting to note that when an employee is near<strong> retirement<\/strong> his <strong>salary decreases.<\/strong> <sup>[3]<\/sup><\/p>\n\n\n\n<p>Workers <strong>under 25 <\/strong>and <strong>over 6<\/strong>4 earn the least. <sup>[3]<\/sup><\/p>\n\n\n\n<p>Americans aged <strong>45 to 64 earn more<\/strong> money than their younger and older counterparts. <sup>[3]<\/sup><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/dev.jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-age-1024x683.jpg\" alt=\"Median American income by age\" class=\"wp-image-15332\" srcset=\"https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-age-1024x683.jpg 1024w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-age-300x200.jpg 300w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-age-768x512.jpg 768w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-age.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Source: <a href=\"https:\/\/www.bls.gov\/oes\/current\/oes_nat.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">US Census Bureau (2023)<\/a><\/em><\/p>\n\n\n\n<p><em>What role does education play in getting good pay?<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>High school<\/strong> graduates have an average income of <strong>$66,768. <\/strong><strong><sup>[2]<\/sup><\/strong><\/li>\n\n\n\n<li><strong>Bachelor\u2019s degree<\/strong> holders brought in an average of <strong>$125,320.<\/strong> <sup>[2]<\/sup><\/li>\n\n\n\n<li>Those with <strong>advanced degrees<\/strong> earn an average of <strong>$144,300<\/strong>. <sup>[2]<\/sup><\/li>\n<\/ul>\n\n\n\n<p><em>Not only age group, race\/ ethnicity also impacts income in the US.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"900\" src=\"https:\/\/dev.jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-race-us.jpg\" alt=\"median american income by race\" class=\"wp-image-15333\" srcset=\"https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-race-us.jpg 800w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-race-us-267x300.jpg 267w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/median-income-by-race-us-768x864.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Asian Americans <\/strong>earn the most, making <strong>$106,954 a year<\/strong>. <sup>[3]<\/sup><\/li>\n\n\n\n<li><strong>Black or African American<\/strong> earners make the <strong>least<\/strong>, making a median of <strong>$51,374.&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>White Americans<\/strong> make<strong> $80,404<\/strong>, while<strong> Hispanic\/ Latino Americans<\/strong> make <strong>$65,882.<\/strong><\/li>\n\n\n\n<li><strong>American Indians and Alaska Natives <\/strong>make <strong>$58,082<\/strong>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"average-american-income-by-gender\">Average American Income By Gender<\/h2>\n\n\n\n<p>It is to be noted that<strong> women are being paid less (75% of men\u2019s salary)<\/strong> for the same job as men. <sup>[4]<\/sup><\/p>\n\n\n\n<p><strong>Men <\/strong>earned a <strong>median salary of $52,612<\/strong> in 2022 while <strong>women <\/strong>earned <strong>$39,688. <\/strong><strong><sup>[4]<\/sup><\/strong><\/p>\n\n\n\n<p><em>Yeah, it\u2019s the 21st century and we are developing, but still the gap is too wide.<\/em><\/p>\n\n\n\n<p>The gender pay gap is not limited to the private sector, it exists in the government sector too.<strong> Men earn $60,349 <\/strong>as<strong> local government workers<\/strong> while women earn<strong> $48,406<\/strong>. <sup>[4]<\/sup><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/dev.jobera.com\/resources\/wp-content\/uploads\/2024\/04\/average-American-income-gender-1024x683.jpg\" alt=\"Average American income by gender\" class=\"wp-image-15334\" srcset=\"https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/average-American-income-gender-1024x683.jpg 1024w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/average-American-income-gender-300x200.jpg 300w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/average-American-income-gender-768x512.jpg 768w, https:\/\/jobera.com\/resources\/wp-content\/uploads\/2024\/04\/average-American-income-gender.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Source: <a href=\"https:\/\/www.bls.gov\/oes\/current\/oes_nat.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">US Census Bureau (2023)<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"us-median-family-income-by-family-size\">US Median Family Income By Family Size<\/h2>\n\n\n\n<p>How much your family makes, highly depends on the number of family members.<\/p>\n\n\n\n<p>US median family income is highest for f<strong>our-person families <\/strong>at <strong>$113,919<\/strong>. <sup>[1]<\/sup><\/p>\n\n\n\n<p>When family members are more than four, the family income is reported to be <strong>decreasing<\/strong>. <sup>[1]<\/sup><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Family income by family size<\/strong><\/th><th><strong>Median income, 2022<\/strong><\/th><\/tr><\/thead><tbody><tr><td>2-person families<\/td><td>$80,329<\/td><\/tr><tr><td>3-person families<\/td><td>$95,770<\/td><\/tr><tr><td>4-person families<\/td><td>$113,919<\/td><\/tr><tr><td>5-person families<\/td><td>$107,130<\/td><\/tr><tr><td>6-person families<\/td><td>$104,186<\/td><\/tr><tr><td>7-or-more person families<\/td><td>$109,154<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>Source: <a href=\"https:\/\/www.bls.gov\/oes\/current\/oes_nat.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">US Census Bureau (2023)<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"american-poverty-and-income-bracket\">American Poverty And Income Bracket<\/h2>\n\n\n\n<p><em>How many Americans are living below the poverty line?<\/em><\/p>\n\n\n\n<p>According to 2020 data, <strong>11.4%<\/strong> of Americans lived below the<strong> poverty line<\/strong>. <sup>[6]<\/sup><\/p>\n\n\n\n<p><strong>About 37.2 million<\/strong> Americans are living in <strong>poverty<\/strong>. <sup>[6]<\/sup><\/p>\n\n\n\n<p><em>Who falls into the middle class category?<\/em><\/p>\n\n\n\n<p>Families whose income falls between <strong>$42,000 and $126,000 <\/strong>are called middle class.<strong> 52%<\/strong> of Americans are considered<strong> middle class<\/strong>. <sup>[5]<\/sup><\/p>\n\n\n\n<p><strong>29% fall<\/strong> into<strong> lower class<\/strong> while <strong>19% <\/strong>are considered <strong>upper class. <\/strong><strong><sup>[5]<\/sup><\/strong><\/p>\n\n\n\n<p>Is it interesting to note that the<strong> top 10%<\/strong> earn <strong>30.2% of the total income <\/strong>in the US. <sup>[7]<\/sup><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"medical-professionals-are-paid-the-highest\">Medical Professionals are Paid the Highest<\/h2>\n\n\n\n<p>Cardiologists earned an average wage of <strong>$421,330<\/strong> based on over <strong>16,000 cardiologists<\/strong> in employment. <sup>[2]<\/sup><\/p>\n\n\n\n<p>The <strong>high-paying occupations<\/strong> in the US are <strong>Oral<\/strong> and <strong>Maxillofacial Surgeons, Radiologists, Physicians, Pathologists, and Anesthesiologists (239K)<\/strong>. <sup>[2]<\/sup><\/p>\n\n\n\n<p><strong>Shampooers<\/strong> earned the <strong>least<\/strong>, with an average annual wage of <strong>$27,870<\/strong> based on <strong>over 7,000 employees<\/strong>. <sup>[2]<\/sup><\/p>\n\n\n\n<p>It is interesting to note that people involved in <strong>Athletes and Sports<\/strong> were only <strong>non-medical professionals<\/strong> who took the highest salaries and made their place in the <strong>top five earners<\/strong> with average annual earnings of<strong> $358,080<\/strong>. <sup>[2]<\/sup><\/p>\n\n\n\n<p>Next highest paying<strong> non-medical occupations<\/strong> are <strong>chief executives<\/strong> with average annual earnings of <strong>$246,440.<\/strong> <sup>[2]<\/sup><\/p>\n\n\n\n<p>Followed by <strong>airline pilots, copilots and flight engineers ($225,740)<\/strong>, computer and information systems managers <strong>($173,670)<\/strong> and <strong>financial managers ($166,050)<\/strong>. <sup>[2]<\/sup><\/p>\n\n\n\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\" style=\"background-color:#fff9ed\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong>If you found this article interesting, you might enjoy these too:<\/strong><\/p>\n\n\n<p>[related_posts_by_tax taxonomies=&#8221;category,post_tag&#8221; posts_per_page=&#8221;5&#8243; orderby=&#8221;post_modified&#8221; title=&#8221;&#8221;]<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fa-qs\">FAQs&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"how-does-education-influence-income-levels\">How does education influence income levels?<\/h3>\n\n\n\n<p>Education significantly impacts income levels. High school graduates earn an average income of $66,768, while bachelor\u2019s degree holders bring in $125,320 on average. Those with advanced degrees earn even more, with an average of $144,300.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"what-factors-contribute-to-the-gender-pay-gap\">What factors contribute to the gender pay gap?<\/h3>\n\n\n\n<p>The gender pay gap persists, with women earning 75% of men\u2019s salaries for the same job. In 2022, men earned a median salary of $52,612, whereas women earned $39,688. This gap is evident across both the private and government sectors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"what-is-the-median-family-income-by-family-size\">What is the median family income by family size?<\/h3>\n\n\n\n<p>Family income varies based on the number of family members. For instance, the median income for four-person families is the highest at $113,919, whereas larger families tend to have decreasing incomes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"what-percentage-of-americans-live-below-the-poverty-line\">What percentage of Americans live below the poverty line?<\/h3>\n\n\n\n<p>As of 2020, 11.4% of Americans lived below the poverty line, totaling approximately 37.2 million individuals. Additionally, 52% of Americans are considered middle class, with family incomes ranging from $42,000 to $126,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"which-occupations-earn-the-highest-salaries\">Which occupations earn the highest salaries?<\/h3>\n\n\n\n<p>Medical professionals, such as cardiologists and oral and maxillofacial surgeons, command some of the highest wages in the US, with average annual earnings ranging from $173,670 to $421,330. Athletes and sports professionals also feature among the top earners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\">Conclusion<\/h2>\n\n\n\n<p>Understanding the landscape of average American income provides valuable insights into economic disparities, workforce trends, and societal dynamics. From disparities in earnings based on education, gender, and race\/ethnicity to variations in income across different states and occupations, these statistics shed light on the multifaceted nature of personal finance in the US.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sources\">Sources<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>U.S. Census Bureau (2023). American Community Survey &#8211; Table S1903, <a href=\"https:\/\/data.census.gov\/cedsci\/table?tid=ACSST1Y2018.S1903\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Income in the Past 12 Months (in 2022 Inflation-Adjusted Dollars)<\/a><\/li>\n\n\n\n<li>U.S. Bureau of Labor Statistics (2022). <a href=\"https:\/\/www.bls.gov\/oes\/current\/oes_nat.htm\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">May 2022 National Occupational Employment and Wage Estimates<\/a><\/li>\n\n\n\n<li>Pew (2021). <a href=\"https:\/\/www.pewresearch.org\/interactives\/racial-and-ethnic-gaps-in-the-u-s-persist-on-key-demographic-indicators\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Racial and ethnic gaps in the U.S. persist on key demographic indicators<\/a><\/li>\n\n\n\n<li>U.S. Census Bureau (2023). American Community Survey &#8211; Table B24082, <a href=\"https:\/\/data.census.gov\/cedsci\/table?tid=ACSDT1Y2021.B24082\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Sex by Class of Worker and Median Earnings in the Past 12 Months (in 2022 Inflation-Adjusted Dollars<\/a>)<\/li>\n\n\n\n<li>Pew Research Center. <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2020\/07\/23\/are-you-in-the-american-middle-class\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Are you in the American middle class? Find out with our income calculator.<\/a><\/li>\n\n\n\n<li>Statista. <a href=\"https:\/\/www.statista.com\/statistics\/204743\/number-of-poor-families-in-the-us\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Number of families living below the poverty line in the U.S. from 1990 to 2020.<\/a><\/li>\n\n\n\n<li>Investopedia. <a href=\"https:\/\/www.investopedia.com\/personal-finance\/how-much-income-puts-you-top-1-5-10\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How Much Income Puts You in the Top 1%, 5%, 10%?<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that the top 10% earn 30.2% of the total income in the US? The median US household\u2026<\/p>\n","protected":false},"author":6,"featured_media":15345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[206,73,201],"class_list":["post-15325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statistics","tag-america","tag-income","tag-salary"],"_links":{"self":[{"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/posts\/15325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/comments?post=15325"}],"version-history":[{"count":0,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/posts\/15325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/media\/15345"}],"wp:attachment":[{"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/media?parent=15325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/categories?post=15325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobera.com\/resources\/wp-json\/wp\/v2\/tags?post=15325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}