The total number of full-time workers in the United States was 114.2 million as of December 2017. The average monthly income varies by sex, education and race. Median salaries for the American workforce show wide variations between a spectrum of careers that range from white collar jobs to hospitality and tradespeople.
But before all that, what, at the moment, is the average income in the U.S.? Average Income in the U.S. Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual ...
How much is the average U.S. worker's salary? Salaries vary based on gender, education, occupation, industry, geographical location, ethnicity, and other factors. Learn more information about average salaries in a variety of categories and calculators to use to determine the salary for specific occupations.
Household income is the average income of all people living in a housing unit. It doesn't matter if they are living alone, with a family, or with a group of unrelated individuals. Real income removes the effects of inflation.
(The BLS provides medians rather than averages, since an average can be skewed by very high and very low numbers.) The Average Salary 20-24. Earnings increase beginning in one’s 20s, an age group that includes some new college graduates. The median salary of 20- to 24-year-olds is $616 per week, which translates to $32,032 per year.
Average income around the world The worldwide highest income is earned in Monaco. The smallest budget per capita exists in the Democratic Republic of the Congo. In our comparison over 77 countries, the USA comes 9th with an average income of 63,080 USD. The average income is calculated by gross national income and population.
The average American household income. As I mentioned, the overall average household income was $65,751 in 2014. However, the average can vary significantly depending on your household's composition.
A person working in United States typically earns around 87,500 USD per year. Salaries range from 11,900 USD (lowest average) to 388,000 USD (highest average, actual maximum salary is higher).. This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers.
The first number is the average wage number calculated directly from their data. The second number is a calculation that takes last year's average and multiplies it with the annual percentage change in average wages, which they calculated from their tabulated wage data. I don't know why they do this but it results in two different numbers.
So, age matters when it comes to assessing average retirement income. Where you live is another big factor. The national retirement income averages might be interesting, but not useful to you. After all, there are huge differences in the costs of living and income across different cities and regions in the United States.