How Much Family Income Is the Top 5 %
| | Parts of this article (those related to documentation) need to be updated. (September 2020) |
Median Usa household income through 2019
U.S. real median household income reached $63,688 in January 2019, an increase of $171 or 0.3% over ane month (Dec 2018) .[one]
Household income is an economical standard that can be practical to one household, or aggregated across a large group such as a canton, city, or the whole country. Information technology is usually used by the U.s. government and individual institutions to depict a household'south economic status or to track economic trends in the U.s..
A key mensurate of household income is the median income, at which one-half of households have income to a higher place that level and half below. The U.S. Census Bureau reports two median household income estimates based on data from two surveys: the Current Population Survey (CPS) and the American Community Survey (ACS). The CPS is the recommended source for national-level estimates, whereas the ACS gives estimates for many geographic levels.[2] : xix [3] : 10 According to the CPS, the median household income was $63,179 in 2018.[2] [four] According to the ACS, the U.S. median household income in 2018 was $61,937.[iii] Estimates for previous years are given in terms of real income, which have been adjusted for changes to the price of goods and services.
The distribution of U.South. household income has become more than diff since around 1980, with the income share received by the top 1% trending upwards from around 10% or less over the 1953–1981 menses to over xx% by 2007.[5] After falling somewhat due to the Great Recession in 2008 and 2009, inequality rose over again during the economic recovery, a typical design historically.[6] [7]
Definition [edit]
A household'southward income can exist calculated in diverse ways merely the US Census as of 2009 measured it in the following way: the income of every resident of that house that is over the age of fifteen, including pre-tax wages and salaries, along with whatsoever pre-tax personal business organisation, investment, or other recurring sources of income, equally well as any kind of governmental entitlement such as unemployment insurance, social security, disability payments or child back up payments received.[8]
The residents of the household do non have to be related to the caput of the household for their earnings to be considered part of the household'south income.[nine] Equally households tend to share a similar economic context, the utilize of household income remains among the well-nigh widely accepted measures of income. That the size of a household is not commonly taken into account in such measures may misconstrue any analysis of fluctuations within or amongst the household income categories, and may return direct comparisons between quintiles hard or even impossible.[10] The US Census does non include noncash benefits such as wellness benefits.[11]
Contempo trends [edit]
U.S. economical growth is not translating into higher median family incomes. Real Gross domestic product per household has typically increased since the twelvemonth 2000, while real median income per household was below 1999 levels until 2016, indicating a trend of greater income inequality.[12]
Total compensation'south share of Gross domestic product has declined by 4.5 percentage points from 1970 to 2016. This implies that the share attributed to capital letter increased in that period.
U.Due south. real wages (i.e. product) for ordinary (i.e. non-supervisory) workers remain slightly below their 1970s meridian.[thirteen]
The Current Population Survey of the U.S. Demography Bureau reported in September 2017 that existent median household income was $59,039 in 2016, exceeding whatsoever previous twelvemonth. This was the fourth sequent twelvemonth with a statistically significant increase by their measure out.[14]
Changes in median income reflect several trends: the aging of the population, changing patterns in piece of work and schooling, and the evolving makeup of the American family unit, as well as long- and curt-term trends in the economy itself. For example, the retirement of the Baby Boom generation should push downward overall median income, as more than persons enter lower-income retirement. Nevertheless, assay of different working age groups signal a similar pattern of stagnating median income equally well.[15]
Journalist Annie Lowrey wrote in September 2014: "The root causes [of wage stagnation] include technological change, the decline of labor unions, and globalization, economists think, though they disagree sharply on how much to weight each factor. Just foreign-produced goods became sharply cheaper, meaning imports climbed and production moved overseas. And computers took over for humans in many manufacturing, clerical, and authoritative tasks, eroding middle-class jobs growth and suppressing wages."[sixteen]
Another line of analysis, known as "full compensation," presents a more than complete motion-picture show of existent wages. The Kaiser Family Foundation conducted a study in 2013 which shows that employer contributions to employee healthcare costs went up 78% from 2003 to 2013.[17] The marketplace has made a trade-off: expanding benefits packages vs. increasing wages.
Measured relative to Gdp, total compensation and its component wages and salaries have been failing since 1970. This indicates a shift in income from labor (persons who derive income from hourly wages and salaries) to capital (persons who derive income via ownership of businesses, land and assets). This trend is common across the adult world, due in office to globalization.[xviii] Wages and salaries have fallen from approximately 51% Gdp in 1970 to 43% Gross domestic product in 2013. Full compensation has fallen from approximately 58% GDP in 1970 to 53% Gdp in 2013.[19]
However, as indicated by the charts below, household income has still increased significantly since the belatedly 1970s and early 80s in real terms, partly due to higher private median wages, and partly due to increased employment of women.
According to the CBO, betwixt 1979 and 2011, gross median household income, adjusted for inflation, rose from $59,400 to $75,200, or 26.v%.[20] All the same, one time adjusted for household size and looking at taxes from an later-revenue enhancement perspective, real median household income grew 46%, representing pregnant growth.[21]
The following tabular array summarizes real median household income at primal recent milestones:
| Variable | 1999 Previous Tape | 2007 Pre-Crunch Peak | 2012 Post-Crisis Trough | 2016 Previous Tape | 2017 Previous Record | 2018 Record |
|---|---|---|---|---|---|---|
| Real median household income[22] | $61,526 | $lx,985 | $55,900 | $61,779 | $62,626 | $63,179 |
Uses [edit]
Apply of private household income: The regime and organizations may expect at one detail household's income to decide if a person is eligible for certain programs, such as nutrition assistance [23] or need-based fiscal aid,[24] amongst many others.
Apply at the aggregate level: Summaries of household incomes across groups of people – often the entire state – are likewise studied as part of economic trends like standard of living and distribution of income and wealth. Household income equally an economic measure can be represented as a median, a hateful, a distribution, and other ways. Household income tin be studied across fourth dimension, region, instruction level, race/ethnicity, and many other dimensions. As an indicator of economic trends, it may be studied forth with related economic measures such equally disposable income, debt, household net worth (which includes debt and investments, durable goods similar cars and houses), wealth, and employment statistics.
Median inflation-adjusted ("real") household income [edit]
Median inflation-adjusted ("real") household income generally increases and decreases with the business bicycle, failing in each year during the periods 1979 through 1983, 1990 through 1993, 2000 through 2004 and 2008 through 2012, while rising in each of the intervening years.[20] Extreme poverty in the U.s., meaning households living on less than $ii per person per twenty-four hour period before regime benefits, more than doubled in accented terms from 636,000 to 1.46 million households (including two.8 one thousand thousand children) between 1996 and 2011, with about of this increase occurring between tardily 2008 and early 2011.[25]
Median household income, past county, equally of 2017.
CBO income growth study [edit]
The nonpartisan Congressional Budget Office conducted a written report analyzing household income throughout the income distribution, by combining the Census and IRS income data sources. Unlike the Census measure of household income, the CBO showed income earlier and after taxes, and by besides taking into account household size.[26] Also, the CBO definition of income is much broader, and includes in kind transfers also as all monetary transfers from the government.[26] The Demography' official definition of money income excludes nutrient stamps and the EITC, for example, while CBO includes it.
Between 1979 and 2011, gross median household income, adjusted for inflation, rose from $59,400 to $75,200, or 26.5%. This compares with the Census' growth of x%.[twenty] However, once adjusted for household size and looking at taxes from an later on-tax perspective, existent median household income grew 46%, representing meaning growth.[21]
While median gross household income showed much stronger growth than depicted by the Census, inequality was shown to still accept increased. The top 10% saw gross household income grow by 78%, versus 26.5% for the median. The lesser 10%, using the same measure, saw college growth than the median (40%).[21]
This graph shows the income since 1970 of different racial and ethnic groups in the U.s. (in 2014 dollars).[27]
Since 1980, U.Due south. gross domestic product (GDP) per capita has increased 67%,[28] while median household income has simply increased past xv%. Median household income is a politically sensitive indicator. Voters can exist disquisitional of their regime if they perceive that their cost of living is rising faster than their income.
The early on-2000s recession began with the bursting of the dot-com bubble and afflicted most avant-garde economies including the European Union, Japan and the United states of america. An economic recession will normally cause household incomes to decrease, oft past as much equally 10%.
The tardily-2000s recession began with the bursting of the U.S. housing bubble, which acquired a trouble in the dangerously exposed sub prime-mortgage market. This in turn triggered a global financial crisis. In constant price, 2011 American median household income was 1.13% lower than what it was in 1989. This corresponds to a 0.05% annual decrease over a 22-twelvemonth period.[29] In the meantime, GDP per capita has increased by 33.8% or i.33% annually.[xxx]
A study on Us Demography income data claims that when using the national accounting methodology, U.S. gross median household income was $57,739 in 2010 (table iii).[31]
In 2015, the United states median household income spiked 5.2 per cent, reaching $56,000, making it the beginning annual hike in median household income since the offset of the Great Recession.[32]
Mean household income [edit]
Another common measurement of personal income is the mean household income. Unlike the median household income, which divides all households in two halves, the mean income is the average income earned by American households. In the case of mean income, the income of all households is divided by the number of all households.[33] The mean income is more than afflicted past the relatively unequal distribution of income which tilts towards the acme.[34] Every bit a upshot, the hateful volition be higher than the median income, with the top earning households boosting information technology. Overall, the mean household income in the United States, according to the U.s. Census Agency 2014 Annual Social and Economic Supplement, was $72,641.[35]
The US Census Agency also provides a breakup by self-identified ethnic groups as follows (equally of March 2018):
| Ethnic category | Mean household income |
|---|---|
| Asian solitary | $112,105 |
| White lone | $99,632 |
| Hispanic or Latino | $60,319 |
| Blackness | $63,985 |
Hateful vs. median household income [edit]
Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and one-half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a grouping past the number of units in that grouping. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years former and over with income.
—US Census Bureau, Frequently Asked Question, published past First Gov.[33]
Aggregate income distribution [edit]
| | This section needs to exist updated. (Baronial 2018) |
The aggregate income measures the combined income earned by all persons in a item income group. In 2018, the total personal income earned in the Us was $17.6 trillion.[36] In 2008, all households in the United States earned roughly $12,442.ii billion.[36] One one-half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent. Over one quarter, 28.5%, of all income was earned past the meridian eight%, those households earning more than $150,000 a year. The top iii.65%, with incomes over $200,000, earned 17.5%. Households with annual incomes from $50,000 to $75,000, xviii.ii% of households, earned 16.five% of all income. Households with almanac incomes from $50,000 to $95,000, 28.1% of households, earned 28.8% of all income. The lesser ten.3% earned ane.06% of all income.[ citation needed ]
Household income and demographics [edit]
Racial and ethnic groups [edit]
in 2005
White Americans made upward roughly 75.1% of all people in 2000,[37] 87.93% of all households in the top 5% were headed by a person who identified as being White solitary. Only 4.75% of all household in the tiptop 5% were headed by someone who identified every bit Hispanic or Latino of any race,[38] versus 12.5% of persons identifying themselves as Hispanic or Latino in the full general population.[37]
Overall, 86.01% of all households in the superlative two quintiles with upper-middle range incomes of over $55,332 were headed by someone identifying as White solitary, while 7.21% were being headed by someone who identified as Hispanic and seven.37% by someone who identified as African American or Blackness.[38] Overall, households headed past Hispanics and African Americans were underrepresented in the top two quintiles and overrepresented in the bottom two quintiles. Households headed by people who identified equally being Asian lonely were as well overrepresented amongst the top two quintiles. In the top 5 per centum the percent of Asians was nearly twice every bit high as the per centum of Asians amongst the general population. Whites were relatively even distributed throughout the quintiles only being underrepresented in the everyman quintile and slightly overrepresented in the top quintile and the top five percent.[38]
In terms of race in 2004 information, Asian-American households had the highest median household income of $57,518, European-American households ranked 2d with $48,977, Hispanic or Latino households ranked third with $34,241. African-American or Black households had the lowest median household income of all races with $30,134.[39]
| Indigenous group | All households | Everyman fifth | Second fifth | Middle 5th | Fourth fifth | Highest fifth | Height 5% | |
|---|---|---|---|---|---|---|---|---|
| White lonely | Number in 1000s | 92,702 | 16,940 | 18,424 | 18,978 | 19,215 | nineteen,721 | v,029 |
| Percentage | 81.93% | 74.87% | 81.42% | 83.87% | 84.92% | 87.16% | 87.93% | |
| Asian alone | Number in 1000s | four,140 | 624 | 593 | 786 | 871 | i,265 | 366 |
| Percentage | 3.65% | two.76% | ii.26% | iii.47% | 3.84% | 5.59% | 6.46% | |
| Black | Number in 1000s | thirteen,792 | 4,474 | three,339 | 2,637 | ii,053 | 1,287 | 236 |
| Percent | 12.19% | 19.77% | 14.75% | xi.65% | 9.07% | 5.69% | 4.17% | |
| Hispanic or Latino (of any race) | Number in 1000s | 12,838 | 3,023 | 3,130 | two,863 | 1,931 | 1,204 | 269 |
| Percentage | 11.33% | 13.56% | 13.83% | 12.20% | 8.53% | 5.89% | 4.75% | |
Source: US Demography Bureau, 2004 [38]
Education and gender [edit]
Median almanac household income in accordance with the householder's educational attainment. The data only includes households with a householder over the age of twenty-5.[twoscore]
Household income as well every bit per capita income in the United States rise significantly as the educational attainment increases.[41] In 2005 graduates with a Master's in Business Administration (MBA) who accepted job offers were expected to earn a base salary of $88,626. They were also expected to receive an "average signing bonus of $17,428."[42]
According to the US Demography Bureau persons with doctorates in the United states had an boilerplate income of roughly $81,400. The average for an avant-garde degree was $72,824, with men averaging $90,761 and women averaging $l,756 annually. Year-round total-time workers with a professional degree had an boilerplate income of $109,600 while those with a master's degree had an average income of $62,300. Overall, "…[a]verage earnings ranged from $18,900 for high schoolhouse dropouts to $25,900 for loftier school graduates, $45,400 for college graduates and $99,300 for workers with professional degrees (M.D., O.D., D.P.T., D.P.M., D.O., J.D., Pharm.D., D.D.Due south., or D.5.G.)."[43]
Individuals with graduate degrees take an average per capita income exceeding the median household income of married couple families among the general population ($63,813 annually).[43] [44] Higher educational attainment did not, notwithstanding, help close the income gap between the genders as the life-fourth dimension earnings for a male with a professional person caste were roughly xl pct (39.59%) higher than those of a female with a professional caste. The lifetime earnings gap between males and females was the smallest for those individuals property an associate degrees with male life-fourth dimension earnings being 27.77% higher than those of females. While educational attainment did not help reduce the income inequality betwixt men and women, it did increment the earnings potential of individuals of both sexes, enabling many households with one or more graduate degree householders to enter the top household income quintile.[43] These data were not adjusted for preferential differences among men and women whom attend college.
Household income likewise increased significantly with the educational attainment of the householder. The US Demography Bureau publishes educational attainment and income data for all households with a householder who was anile twenty-five or older. The biggest income departure was between those with some college teaching and those who had a Bachelor's caste, with the latter making $23,874 more annually. Income also increased essentially with increased post-secondary education. While the median annual household income for a household with a householder having an associate degree was $51,970, the median annual household income for householders with a bachelor'south degree or higher was $73,446. Those with doctorates had the 2d highest median household with a median of $96,830; $18,289 more than than that for those at the chief'due south degree level, but $three,170 lower than the median for households with a professional caste holding householder.[twoscore]
| Criteria | Overall | Less than 9th grade | Some high school | High school graduate or equivalent | Some college | Acquaintance caste | Available'south degree | Bachelor'southward degree or more | Master'south degree | Professional caste | Doctoral degree | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median annual individual income | Male, age 25+ | $33,517 | $fifteen,461 | $18,990 | $28,763 | $35,073 | $39,015 | $50,916 | $55,751 | $61,698 | $88,530 | $73,853 |
| Female, historic period 25+ | $19,679 | $9,296 | $10,786 | $fifteen,962 | $21,007 | $24,808 | $31,309 | $35,125 | $41,334 | $48,536 | $53,003 | |
| Median annual household income[45] | $62,625 | $26,587 | $thirty,100 | $44,970 | $55,563 | $64,263 | $91,772 ? | $100,021 | $108,231 | $139,069 | $140,110 | |
The change in median personal and household since 1991 besides varied greatly with educational attainment. The post-obit table shows the median household income according to the educational attainment of the householder. All information is in 2003 dollars and simply applies to householders whose householder is aged 20-five or older. The highest and everyman points of the median household income are presented in bold face.[40] [46] Since 2003, median income has continued to ascension for the nation as a whole, with the biggest gains going to those with acquaintance degrees, bachelor's degree or more, and master'southward degrees. High-school dropouts fared worse with negative growth.
| Year | Overall Median | Less than 9th form | Some loftier school | High school graduate | Some college | Associate degree | Bachelor's degree | Bachelor'due south degree or more | Master's caste | Professional person degree | Doctoral degree |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1991 | $40,873 | $17,414 | $23,096 | $37,520 | $46,296 | $52,289 | $64,150 | $68,845 | $72,669 | $102,667 | $92,614 |
| 1993 | $forty,324 | $17,450 | $22,523 | $35,979 | $44,153 | $49,622 | $64,537 | $seventy,349 | $75,645 | $109,900 | $93,712 |
| 1995 | $42,235 | $18,031 | $21,933 | $37,609 | $44,537 | $50,485 | $63,357 | $69,584 | $77,865 | $98,302 | $95,899 |
| 1997 | $43,648 | $17,762 | $22,688 | $38,607 | $45,734 | $51,726 | $67,487 | $72,338 | $77,850 | $105,409 | $99,699 |
| 1999 | $46,236 | $nineteen,008 | $23,977 | $39,322 | $48,588 | $54,282 | $70,925 | $76,958 | $82,097 | $110,383 | $107,217 |
| 2001 | $42,900 | $18,830 | $24,162 | $37,468 | $47,605 | $53,166 | $69,796 | $75,116 | $81,993 | $103,918 | $96,442 |
| 2003 | $45,016 | $xviii,787 | $22,718 | $36,835 | $45,854 | $56,970 | $68,728 | $73,446 | $78,541 | $100,000 | $96,830 |
| Average | $43,376 | $eighteen,183 | $23,013 | $37,620 | $46,109 | $51,934 | $66,997 | $72,376 | $78,094 | $104,368 | $94,487 |
Source: US Demography Bureau, 2003 [40]
Age of householder [edit]
Household income in the United States varies essentially with the age of the person who heads the household. Overall, the median household income increased with the age of householder until retirement age when household income started to decline.[48] The highest median household income was found among households headed by working baby-boomers.[48]
Households headed by persons between the ages of 45 and 54 had a median household income of $61,111 and a mean household income of $77,634. The median income per fellow member of household for this particular group was $27,924. The highest median income per fellow member of household was among those between the ages of 54 and 64 with $30,544 [The reason this figure is lower than the next group is because pensions and Social Security add to income while a portion of older individuals also have work-related income.].[48]
The group with the second highest median household income, were households headed by persons between the ages 35 and 44 with a median income of $56,785, followed by those in the age group between 55 and 64 with $50,400. Not surprisingly the lowest income group was composed of those households headed by individuals younger than 24, followed past those headed by persons over the age of 75. Overall, households headed past persons above the age of seventy-5 had a median household income of $20,467 with the median household income per member of household being $eighteen,645. These figures support the general assumption that median household income as well as the median income per member of household peaked among those households headed by middle anile persons, increasing with the historic period of the householder and the size of the household until the householder reaches the age of 64. With retirement income replacing salaries and the size of the household declining, the median household income decreases likewise.[48]
Household size [edit]
While median household income has a trend to increase up to four persons per household, it declines for households across four persons. For example, in the country of Alabama in 2004, two-person households had a median income of $39,755, with $48,957 for iii-person households, $54,338 for four-person households, $50,905 for five-person households, $45,435 for six-person households, with seven-or-more-person households having the 2d lowest median income of only $42,471.[49]
Geography [edit]
Because other racial and geographical differences in regards to household income, it should come every bit no surprise that the median household income varies with race, size of household and geography. The state with the highest median household income in the Usa every bit of the United states of america Census Bureau 2009 is Maryland with $69,272, followed by New Jersey, Connecticut and Alaska, making the Northeastern The states the wealthiest expanse by income in the entire country.[50]
Regionally, in 2010, the Northeast reached a median income of $53,283, the West, $53,142, the South, $45,492, and the Midwest, $48,445.[51] Each figure represents a decline from the previous year.
Median household income by state [edit]
Map of states by median household income in 2019.
In 2007, the median household income past state ranged from $36,338 in Mississippi to $68,080 in Maryland. Despite having the highest median home cost in the nation[52] and home prices that far outpaced incomes,[53] California ranked only eighth in income that yr, with a median household income of $59,984. While California's median income was not almost enough to beget the average California home or even a starter domicile, W Virginia, which had one of the nation's everyman median household incomes, also had the nation'southward everyman median home price.[52] [54]
When grouped by Census Bureau Region, of the 15 states that, in 2017, had the highest median household income, only Minnesota is located in the Mid-West. Five are in the Northeast (Connecticut, Massachusetts, New Hampshire, New Jersey and Rhode Island), three are South Atlantic states (Washington D.C., Maryland and Virginia) while the remaining 6 are in the West (Alaska, California, Colorado, Hawaii, Washington and Utah).
The southern states had, on boilerplate, the lowest median household income, with nine of the country'due south 15 poorest states located in the South. Withal, most of the poverty in the South is located in rural areas. Metropolitan areas such equally Atlanta, Nashville, Charlotte, Raleigh, Birmingham, Dallas, Houston, and Miami are areas within the southern states that take higher up boilerplate income levels. Overall, median household income tended to be the highest in the nation's most urbanized northeastern, upper midwestern and west coast states, while rural areas, more often than not in the southern and mountain states (like New Mexico, Montana and Idaho), had the lowest median household income.[54]
Equally of 2019, the median household income ranged from $20,474 in Puerto Rico to $92,266 in the Commune of Columbia. Note that the U.Due south. Census Agency treats Puerto Rico as if it were a state (Puerto Rico is included in the American Community Survey).[55]
All data is from the 2009–2019 American Community Survey 1-Year Estimates.[56] [57] [58] [59] [60]
| Rank | +/- * | State or territory | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| i | +eight | District of Columbia | $92,266 | $85,203 | $82,336 | $75,506 | $75,628 | $71,648 | $67,572 | $65,246 | $66,583 | $63,124 | $59,290 |
| 2 | −1 | Maryland | $86,738 | $83,242 | $lxxx,776 | $78,945 | $75,847 | $73,971 | $72,483 | $71,836 | $lxx,004 | $68,854 | $69,272 |
| three | +3 | Massachusetts | $85,843 | $79,835 | $77,385 | $75,297 | $70,628 | $69,160 | $66,768 | $65,339 | $62,859 | $62,072 | $64,081 |
| iv | −2 | New Jersey | $85,751 | $81,740 | $80,088 | $76,126 | $72,222 | $72,919 | $70,165 | $69,667 | $67,458 | $67,681 | $68,342 |
| v | - | Hawaii | $83,102 | $lxxx,212 | $77,765 | $74,511 | $73,486 | $69,592 | $68,020 | $66,259 | $61,821 | $63,030 | $64,098 |
| 6 | +4 | California | $80,440 | $75,277 | $71,805 | $67,739 | $64,500 | $61,933 | $60,190 | $58,328 | $57,287 | $57,708 | $58,931 |
| vii | −four | Connecticut | $78,833 | $76,348 | $74,168 | $73,433 | $71,346 | $lxx,048 | $67,098 | $67,276 | $65,753 | $64,032 | $67,034 |
| 8 | +iv | Washington | $78,687 | $74,043 | $70,979 | $67,106 | $64,129 | $61,366 | $58,405 | $57,573 | $56,835 | $55,631 | $56,548 |
| 9 | −2 | New Hampshire | $77,933 | $74,991 | $73,381 | $70,936 | $seventy,303 | $66,532 | $64,230 | $63,280 | $62,647 | $61,042 | $60,567 |
| 10 | +iv | Colorado | $77,127 | $71,953 | $69,117 | $65,685 | $63,909 | $61,303 | $58,823 | $56,765 | $55,387 | $54,046 | $55,430 |
| xi | −3 | Virginia | $76,456 | $72,577 | $71,535 | $68,114 | $66,262 | $64,902 | $62,666 | $61,741 | $61,882 | $threescore,674 | $59,330 |
| 12 | +3 | Utah | $75,780 | $71,414 | $68,358 | $65,977 | $62,912 | $60,922 | $59,770 | $57,049 | $55,869 | $54,744 | $55,117 |
| xiii | −nine | Alaska | $75,463 | $74,346 | $73,181 | $76,440 | $73,355 | $71,583 | $72,237 | $67,712 | $67,825 | $64,576 | $66,953 |
| xiv | −i | Minnesota | $74,593 | $lxx,315 | $68,388 | $65,599 | $63,488 | $61,481 | $60,702 | $58,906 | $56,954 | $55,459 | $55,616 |
| fifteen | +one | New York | $72,108 | $67,844 | $64,894 | $62,909 | $60,850 | $58,878 | $57,369 | $56,448 | $55,246 | $54,148 | $54,659 |
| 16 | +1 | Rhode Island | $71,169 | $64,340 | $63,870 | $60,596 | $58,073 | $54,891 | $55,902 | $54,554 | $53,636 | $52,254 | $54,119 |
| 17 | −half dozen | Delaware | $70,176 | $64,805 | $62,852 | $61,757 | $61,255 | $59,716 | $57,846 | $54,554 | $58,814 | $55,847 | $56,860 |
| 18 | - | Illinois | $69,187 | $65,030 | $62,992 | $60,960 | $59,588 | $57,444 | $56,210 | $55,137 | $53,234 | $52,972 | $53,966 |
| 19 | +vi | Oregon | $67,058 | $63,246 | $60,212 | $57,532 | $54,148 | $51,075 | $50,251 | $49,161 | $46,816 | $46,560 | $48,457 |
| twenty | - | Wyoming | $65,003 | $61,584 | $60,434 | $59,882 | $sixty,214 | $57,055 | $58,752 | $54,901 | $56,322 | $53,512 | $52,664 |
| 21 | +8 | North Dakota | $64,577 | $63,837 | $61,843 | $60,656 | $threescore,557 | $59,029 | $55,759 | $53,585 | $51,704 | $48,670 | $47,827 |
| 22 | - | Wisconsin | $64,168 | $60,773 | $59,305 | $56,811 | $55,638 | $52,622 | $51,467 | $51,059 | $50,395 | $49,001 | $49,993 |
| 23 | +iv | Texas | $64,034 | $60,629 | $59,206 | $56,565 | $55,653 | $53,035 | $51,704 | $50,740 | $49,392 | $48,615 | $48,259 |
| 24 | –1 | Pennsylvania | $63,463 | $lx,905 | $59,195 | $56,907 | $55,702 | $53,234 | $52,007 | $51,230 | $fifty,228 | $49,288 | $49,520 |
| 25 | −six | Nevada | $63,276 | $58,646 | $58,003 | $55,180 | $52,431 | $51,450 | $51,230 | $49,760 | $48,927 | $51,001 | $53,341 |
| 26 | - | Nebraska | $63,229 | $59,566 | $59,970 | $56,927 | $54,996 | $52,686 | $51,440 | $50,723 | $50,296 | $52,504 | $48,408 |
| 27 | −6 | Vermont | $63,001 | $sixty,782 | $57,513 | $57,677 | $56,990 | $54,166 | $52,578 | $52,997 | $52,776 | $49,406 | $51,618 |
| 28 | +2 | Kansas | $62,087 | $58,218 | $56,422 | $54,935 | $53,906 | $52,504 | $50,972 | $50,241 | $48,264 | $48,257 | $47,817 |
| 29 | −5 | Arizona | $62,055 | $59,246 | $56,581 | $53,558 | $51,492 | $50,068 | $48,510 | $47,826 | $46,709 | $46,789 | $48,745 |
| thirty | +8 | Georgia | $61,980 | $58,756 | $56,183 | $53,559 | $51,244 | $49,321 | $47,829 | $47,209 | $46,007 | $46,430 | $44,736 |
| 31 | −3 | Iowa | $61,691 | $59,955 | $58,570 | $56,247 | $54,736 | $53,712 | $52,229 | $50,957 | $49,427 | $47,961 | $48,044 |
| 32 | +5 | Idaho | $60,999 | $55,583 | $52,225 | $51,807 | $48,275 | $47,861 | $46,783 | $45,489 | $43,341 | $43,490 | $44,926 |
| 33 | +1 | Michigan | $59,584 | $56,697 | $54,909 | $52,492 | $51,084 | $49,847 | $48,273 | $46,859 | $45,981 | $45,413 | $45,255 |
| 34 | +2 | Southward Dakota | $59,533 | $56,274 | $56,894 | $54,467 | $53,017 | $l,979 | $48,947 | $48,362 | $48,321 | $45,904 | $45,043 |
| 35 | +4 | Florida | $59,227 | $55,462 | $52,594 | $50,860 | $49,426 | $47,463 | $46,036 | $45,040 | $44,299 | $44,409 | $44,736 |
| 36 | −5 | Maine | $58,924 | $55,602 | $56,277 | $53,079 | $51,494 | $49,462 | $46,974 | $46,709 | $46,033 | $45,815 | $45,734 |
| 37 | −4 | Ohio | $58,642 | $56,111 | $54,021 | $52,334 | $51,075 | $49,308 | $48,081 | $46,829 | $45,749 | $45,090 | $45,395 |
| 38 | −half-dozen | Indiana | $57,603 | $55,746 | $54,181 | $52,314 | $50,532 | $49,446 | $47,529 | $46,974 | $46,438 | $44,613 | $45,424 |
| 39 | −4 | Missouri | $57,409 | $54,478 | $53,578 | $51,746 | $l,238 | $48,363 | $46,931 | $45,321 | $45,247 | $44,301 | $45,229 |
| twoscore | - | N Carolina | $57,341 | $53,855 | $52,752 | $50,584 | $47,830 | $46,556 | $45,906 | $45,150 | $43,916 | $43,326 | $43,674 |
| 41 | +3 | Montana | $57,153 | $55,328 | $53,386 | $50,027 | $49,509 | $46,328 | $46,972 | $45,076 | $44,222 | $42,666 | $42,322 |
| 42 | - | South Carolina | $56,227 | $52,306 | $l,570 | $49,501 | $47,238 | $45,238 | $44,163 | $43,107 | $43,916 | $42,018 | $42,442 |
| 43 | +2 | Tennessee | $56,071 | $52,375 | $51,340 | $48,547 | $47,275 | $44,361 | $44,297 | $42,764 | $41,693 | $41,461 | $41,725 |
| 44 | +2 | Oklahoma | $54,449 | $51,924 | $50,051 | $49,176 | $48,568 | $47,529 | $45,690 | $44,312 | $43,225 | $42,072 | $41,664 |
| 45 | +iii | Kentucky | $52,295 | $50,247 | $48,375 | $46,659 | $44,765 | $42,958 | $43,399 | $41,724 | $41,141 | $forty,062 | $40,072 |
| 46 | −five | New United mexican states | $51,945 | $47,169 | $46,744 | $46,748 | $45,382 | $44,803 | $43,872 | $42,558 | $41,963 | $42,090 | $43,028 |
| 47 | - | Alabama | $51,734 | $49,861 | $48,123 | $46,257 | $44,765 | $42,830 | $42,849 | $41,574 | $41,415 | $40,474 | $40,489 |
| 48 | −v | Louisiana | $51,073 | $47,905 | $46,145 | $45,146 | $45,727 | $44,555 | $44,164 | $42,944 | $41,734 | $42,505 | $42,429 |
| 49 | +ii | Arkansas | $48,952 | $47,062 | $45,869 | $45,907 | $42,798 | $44,922 | $39,376 | $39,018 | $41,302 | $38,587 | $36,538 |
| l | −1 | W Virginia | $48,850 | $44,097 | $43,469 | $43,385 | $42,019 | $41,059 | $41,253 | $twoscore,196 | $38,482 | $37,218 | $37,435 |
| 51 | −1 | Mississippi | $45,792 | $44,717 | $43,529 | $41,754 | $40,593 | $39,680 | $37,963 | $37,095 | $36,919 | $36,851 | $36,646 |
| 52 | — | Puerto Rico | $20,474 | $20,296 | $nineteen,775 | $20,078 | $xviii,810 | $xviii,948 | $19,183 | $19,630 | — | — | — |
*change since 2009
The median personal income per person, after adjusting for costs of living with local regional price parities and the national PCE price alphabetize, averaged $47,807 in 2016 (in 2012 chained dollars). Median adjusted personal income per capita varied from $39,901 in Mississippi to $61,601 in Connecticut (and $64,363 in the District of Columbia). The states closest to the national average were California and Vermont, at $48,384 and $47,971 respectively.[61]
Median household income by U.South. territory [edit]
Beneath is the median household income for the U.S. territories in 2010 (for four of the v inhabited territories).[62] Note that Puerto Rico is not included in this table, and is instead included in the table in a higher place (because Puerto Rico is included in the ACS, as if information technology were a state).
| Rank | Territory | 2010 U.S. Census |
|---|---|---|
| one | Guam | $48,274 |
| ii | U.S. Virgin Islands | $37,254 |
| iii | American Samoa | $23,892 |
| 4 | Northern Mariana Islands | $19,958 |
[edit]
Household income is one of the most ordinarily used measures of income and, therefore, besides ane of the near prominent indicators of social class. Household income and education exercise not, however, always reflect perceived class status correctly. Sociologist Dennis Gilbert acknowledges that "... the course structure... does non exactly match the distribution of household income" with "the mismatch [being] greatest in the middle..." (Gilbert, 1998: 92) As social classes normally overlap, it is not possible to ascertain exact form boundaries.
Co-ordinate to Leonard Beeghley[ citation needed ] a household income of roughly $95,000 would be typical of a dual-earner eye course household while $60,000 would exist typical of a dual-earner working grade household and $18,000 typical for an impoverished household. William Thompson and Joseph Hickey[ citation needed ] see common incomes for the upper course as those exceeding $500,000 with upper middle class incomes ranging from the loftier 5-figures to well-nigh commonly in excess of $100,000. They claim the lower middle form ranges from $35,000 to $75,000; $16,000 to $30,000 for the working class and less than $2,000 for the lower form.
| Dennis Gilbert, 2002 | William Thompson & Joseph Hickey, 2005 | Leonard Beeghley, 2004 | |||
|---|---|---|---|---|---|
| Class | Typical characteristics | Form | Typical characteristics | Class | Typical characteristics |
| Backer class (1%) | Top-level executives, high-rung politicians, heirs. Ivy League instruction common. | Upper form (1%) | Height-level executives, celebrities, heirs; income of $500,000+ mutual. Ivy league education common. | The super-rich (0.ix%) | Multi-millionaires whose incomes commonly exceed $3.five meg or more; includes celebrities and powerful executives/politicians. Ivy League education mutual. |
| Upper middle form[1] (15%) | Highly-educated (oft with graduate degrees), most commonly salaried, professionals and eye management with large work autonomy. | Upper middle class[1] (15%) | Highly-educated (often with graduate degrees) professionals & managers with household incomes varying from the loftier 5-effigy range to commonly above $100,000. | The rich (5%) | Households with net worth of $1 million or more; largely in the form of dwelling equity. Generally have college degrees. |
| Center class (plurality/ majority?; ca. 46%) | College-educated workers with considerably higher-than-boilerplate incomes and bounty; a homo making $57,000 and a woman making $40,000 may exist typical. | ||||
| Lower center grade (xxx%) | Semi-professionals and craftsmen with a roughly average standard of living. Almost take some college education and are white-collar. | Lower heart course (32%) | Semi-professionals and craftsmen with some piece of work autonomy; household incomes unremarkably range from $35,000 to $75,000. Typically, some college education. | ||
| Working form (30%) | Clerical and almost blue-collar workers whose work is highly routinized. Standard of living varies depending on number of income earners, but is usually only adequate. High school education. | ||||
| Working form (32%) | Clerical, pink- and blue-collar workers with often low job security; common household incomes range from $xvi,000 to $30,000. Loftier school education. | Working grade (ca. xl–45%) | Blue-collar workers and those whose jobs are highly routinized with low economic security; a man making $40,000 and a woman making $26,000 may be typical. High school educational activity. | ||
| Working poor (thirteen%) | Service, depression-rung clerical and some blue-collar workers. High economical insecurity and take chances of poverty. Some loftier school education. | ||||
| Lower class (ca. fourteen–20%) | Those who occupy poorly-paid positions or rely on regime transfers. Some high school education. | ||||
| Underclass (12%) | Those with express or no participation in the labor forcefulness. Reliant on government transfers. Some loftier school education. | The poor (ca. 12%) | Those living below the poverty line with limited to no participation in the labor force; a household income of $18,000 may exist typical. Some high school education. | ||
| |||||
Distribution of household income [edit]
Distribution of household income in 2014 according to The states Census data [edit]
Percent of persons and households in each of the income groups shown.[ citation needed ]
The percentage of households with six figure incomes and individuals with incomes in the top 10%, exceeding $77,500.[ commendation needed ]
| Income of Household | Number (thousands) [63] | Percentage | Percentile | Mean Income [63] | Hateful number of earners [64] | Mean size of household [64] |
|---|---|---|---|---|---|---|
| Total | 124,587 | — | — | $75,738 | 1.28 | 2.54 |
| Under $v,000 | 4571 | 3.67% | 0 | $1,080 | 0.20 | 1.91 |
| $5,000 to $9,999 | 4320 | 3.47% | 3.67th | $7,936 | 0.34 | one.78 |
| $10,000 to $14,999 | 6766 | five.43% | seven.14th | $12,317 | 0.39 | i.71 |
| $xv,000 to $nineteen,999 | 6779 | five.44% | 12.57th | $17,338 | 0.54 | 1.ninety |
| $twenty,000 to $24,999 | 6865 | 5.51% | 18.01th | $22,162 | 0.73 | 2.07 |
| $25,000 to $29,999 | 6363 | 5.11% | 23.52th | $27,101 | 0.82 | 2.xix |
| $30,000 to $34,999 | 6232 | 5.00% | 28.63th | $32,058 | 0.94 | 2.27 |
| $35,000 to $39,999 | 5857 | four.70% | 33.63th | $37,061 | i.04 | two.31 |
| $twoscore,000 to $44,999 | 5430 | iv.36% | 38.33th | $41,979 | 1.15 | 2.40 |
| $45,000 to $49,999 | 5060 | 4.06% | 42.69th | $47,207 | 1.24 | two.52 |
| $50,000 to $54,999 | 5084 | four.08% | 46.75th | $51,986 | 1.32 | ii.54 |
| $55,000 to $59,999 | 4220 | 3.39% | 50.83th | $57,065 | 1.41 | ii.56 |
| $60,000 to $64,999 | 4477 | 3.59% | 54.22th | $62,016 | 1.46 | 2.64 |
| $65,000 to $69,999 | 3709 | 2.98% | 57.81st | $67,081 | 1.51 | two.67 |
| $seventy,000 to $74,999 | 3737 | 3.00% | 60.79th | $72,050 | 1.57 | two.73 |
| $75,000 to $79,999 | 3484 | two.80% | 63.79th | $77,023 | ane.60 | two.79 |
| $fourscore,000 to $84,999 | 3142 | 2.52% | 66.58th | $81,966 | 1.63 | 2.79 |
| $85,000 to $89,999 | 2750 | 2.21% | 69.11th | $87,101 | i.77 | ii.xc |
| $xc,000 to $94,999 | 2665 | two.14% | 71.31th | $92,033 | 1.82 | ii.96 |
| $95,000 to $99,999 | 2339 | ane.88% | 73.45th | $97,161 | 1.81 | 2.97 |
| $100,000 to $104,999 | 2679 | two.15% | 75.33th | $101,921 | 1.79 | 3.01 |
| $105,000 to $109,999 | 2070 | i.66% | 77.48th | $107,187 | 1.88 | 3.01 |
| $110,000 to $114,999 | 1922 | 1.54% | 79.14th | $112,069 | 1.93 | three.12 |
| $115,000 to $119,999 | 1623 | 1.30% | lxxx.68th | $117,133 | 1.98 | three.14 |
| $120,000 to $124,999 | 1863 | 1.50% | 81.99th | $122,127 | 1.93 | three.09 |
| $125,000 to $129,999 | 1452 | 1.17% | 83.48th | $127,166 | 1.99 | 3.12 |
| $130,000 to $134,999 | 1512 | 1.21% | 84.65th | $131,863 | two.00 | 3.18 |
| $135,000 to $139,999 | 1219 | 0.98% | 85.86th | $137,284 | one.98 | 3.11 |
| $140,000 to $144,999 | 1290 | i.04% | 86.84th | $142,199 | 1.97 | 3.03 |
| $145,000 to $149,999 | 1024 | 0.82% | 87.87th | $147,130 | two.01 | 3.11 |
| $150,000 to $154,999 | 1146 | 0.92% | 88.70th | $151,940 | one.85 | 3.12 |
| $155,000 to $159,999 | 848 | 0.68% | 89.62th | $157,177 | 2.08 | 3.fifteen |
| $160,000 to $164,999 | 875 | 0.lxx% | ninety.30th | $162,019 | 2.02 | 3.13 |
| $165,000 to $169,999 | 786 | 0.63% | 91.00th | $167,101 | 2.10 | 3.16 |
| $170,000 to $174,999 | 717 | 0.58% | 91.63th | $172,169 | ii.17 | iii.21 |
| $175,000 to $179,999 | 607 | 0.49% | 92.21th | $177,187 | 2.xix | 3.28 |
| $180,000 to $184,999 | 619 | 0.50% | 92.69th | $182,055 | 2.03 | three.nineteen |
| $185,000 to $189,999 | 556 | 0.45% | 93.19th | $187,299 | ii.03 | 3.xx |
| $190,000 to $194,999 | 485 | 0.39% | 93.64th | $192,241 | two.xix | 3.29 |
| $195,000 to $199,999 | 436 | 0.35% | 94.03th | $197,211 | 2.23 | iii.27 |
| $200,000 to $249,999 | 3249 | 2.61% | 94.38th | $220,267 | ii.08 | 3.24 |
| $250,000 and over | 3757 | 3.02% | 96.98th | $402,476 |
See also [edit]
- List of countries past average wage
- Income inequality in the United states of america
- Economy of the Us
- Personal income in the United States
- Employee compensation in the United States
- Standard of living in the The states
General:
- Income inequality metrics
- Atkinson index
- Gini coefficient
- Hoover index
- Theil alphabetize
- International Ranking of Household Income
- Marriage gap
- Median income per household member
References [edit]
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External links [edit]
- Income, Poverty, and Health Insurance Coverage in the United States: 2003
- Reynolds, Alan (January 8, 2007). "Has U.S. Income Inequality Actually Increased?". Policy Assay. Cato Constitute (586).
- U.S. Census Agency's web-site for income statistics
- NPR.org statistics and background on income inequality in the U.s.a.
- Datasets past U.Due south. State of depression income, very depression income, extremely low income limits
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Source: https://en.wikipedia.org/wiki/Household_income_in_the_United_States