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Income in the United States

January 01, 1970

Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics. The primary classifications are by household or individual. The top quintile in personal income in 2019 was $103,012[2] (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners.[3]

Overall median household income by state in 2018[1]
2020 median personal income, ages 15 years or older[4]
  All workers Full-time workers
All
41,535
56,287
Men
49,389
61,417
Women
35,838
50,982

Median personal income in 2020 was $56,287 for full time workers.[4]

This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. Overall, including all households/individuals regardless of employment status, the median household income was $67,521 in 2020 while the median personal income (including individuals aged 15 and over) was $35,805.[5][6]

While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.[7][8] Household income, however, has risen due to the increasing number of households with more than one income earner and women's increased presence in the labor force.[9]

Income Percentiles 2019 edit

Source:[2]

Inflation adjusted US Dollars - see IRS for further reading IRS.GOV income statistics

YEAR 0.001% 0.01% 0.10% 1% 2% 3% 4% 5% 10% 20% 25% 30% 40% 50%
2001 $31,331,335 $6,869,952 $1,393,718 $306,635 $207,592 $167,788 $145,667 $132,082 $96,151 $67,818 $59,026 $51,863 $40,293 $31,418
2002 $25,921,482 $5,891,214 $1,245,352 $296,194 $200,654 $164,409 $144,575 $130,750 $95,699 $67,928 $59,066 $51,721 $40,073 $31,299
2003 $28,489,160 $6,386,149 $1,317,088 $305,939 $205,565 $168,248 $147,132 $133,741 $97,470 $69,304 $59,896 $52,353 $40,383 $31,447
2004 $38,780,500 $8,455,107 $1,617,918 $339,993 $224,320 $181,127 $156,665 $140,758 $101,838 $72,069 $62,794 $54,765 $42,081 $32,622
2005 $50,796,495 $10,738,867 $1,938,175 $379,261 $245,392 $194,726 $167,281 $149,216 $106,864 $74,790 $64,821 $56,583 $43,361 $33,484
2006 $54,665,360 $11,649,460 $2,124,625 $402,603 $258,800 $205,835 $176,455 $157,390 $112,016 $77,776 $67,291 $58,505 $44,748 $34,417
2007 $62,955,875 $12,747,384 $2,251,017 $426,439 $270,440 $214,832 $184,473 $164,883 $116,396 $80,723 $69,559 $60,617 $46,200 $35,541
2008 $49,546,782 $10,097,827 $1,867,652 $392,513 $260,381 $209,750 $181,624 $163,512 $116,813 $80,886 $69,813 $60,535 $46,120 $35,340
2009 $34,381,494 $7,206,540 $1,469,393 $351,968 $243,096 $198,731 $174,432 $157,342 $114,181 $79,237 $68,216 $58,876 $44,529 $34,156
2010 $45,039,369 $8,762,618 $1,634,386 $369,691 $252,785 $205,942 $179,023 $161,579 $116,623 $80,462 $69,126 $59,512 $44,895 $34,338
YEAR 0.001% 0.01% 0.10% 1% 2% 3% 4% 5% 10% 20% 25% 30% 40% 50%
2011 $41,965,258 $8,830,028 $1,717,675 $388,905 $262,933 $213,441 $185,812 $167,728 $120,136 $82,241 $70,492 $60,789 $45,722 $34,823
2012 $62,068,187 $12,104,014 $2,161,175 $434,682 $285,908 $227,923 $196,416 $175,817 $125,195 $85,440 $73,354 $63,222 $47,475 $36,055
2013 $45,097,112 $9,460,540 $1,860,848 $428,713 $287,018 $231,507 $200,472 $179,760 $127,695 $87,434 $74,955 $64,650 $48,463 $36,841
2014 $56,981,718 $11,407,987 $2,136,762 $465,626 $306,650 $245,902 $211,261 $188,996 $133,445 $90,606 $77,714 $66,868 $50,083 $38,173
2015 $59,380,503 $11,930,649 $2,220,264 $480,930 $316,913 $253,979 $218,911 $195,778 $138,031 $93,212 $79,655 $68,632 $51,571 $39,275
2016 $53,052,900 $10,963,921 $2,124,117 $480,804 $319,796 $256,673 $221,381 $197,651 $139,713 $94,620 $80,921 $69,581 $52,529 $40,078
2017 $63,430,119 $12,899,070 $2,374,937 $515,371 $339,478 $271,182 $232,955 $208,053 $145,135 $97,870 $83,682 $72,268 $54,672 $41,740
2018 $68,934,261 $13,576,286 $2,514,209 $540,009 $359,368 $286,106 $245,050 $217,913 $151,935 $101,765 $87,044 $75,083 $57,092 $43,614
2019 $60,658,598 $12,623,539 $2,458,432 $546,434 $364,693 $291,384 $249,320 $221,572 $154,589 $103,012 $87,917 $75,991 $57,685 $44,269

Income at a glance edit

Median household income by selected characteristics [10]
Type of household Race and Hispanic origin Region
All households Family
households 		Nonfamily
households 		Asian Non-Hispanic White Hispanic
(of any race) 		Black Northeast Midwest South West
$70,784 $91,162 $41,797 $101,418 $77,999 $57,981 $48,297 $77,422 $71,129 $63,368 $79,430
Median household income by selected characteristics cont.
Age of Householder Nativity of Householder Metropolitan Statistical Area (MSA) Status Educational Attainment of Householder*
Under 65 years 65 years and older Native-born Foreign-born Inside MSA Outside MSA No high school diploma High school, no college Some college Bachelor's degree or higher
$80,734 $47,620 $71,522 $66,043 $73,823 $53,750 $30,378 $50,401 $64,378 $115,456
*Householders aged 25 and older. In 2021, the median household income for this group was $72,046.
Median earnings by work status and sex (Persons, aged 15 years and older with earnings)
Total workers Full-Time, year-round workers
Both sexes Male Female Both sexes Male Female
$45,470 $50,983 $39,201 $56,473 $61,180 $51,226
2020 Median earnings & household income by educational attainment [11] [12]
Measure Overall Less than 9th grade Some High School High school graduate Some college Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree
Persons, age 25+ w/ earnings* $46,985 $25,162 $26,092 $34,540 $39,362 $42,391 $66,423 $60,705 $71,851 $102,741 $101,526
Male, age 25+ w/ earnings* $52,298 $30,089 $31,097 $40,852 $47,706 $52,450 $80,192 $71,666 $91,141 $126,584 $121,956
Female, age 25+ w/ earnings* $40,392 $18,588 $19,504 $27,320 $31,837 $36,298 $57,355 $51,154 $62,522 $92,780 $85,551
Persons, age 25+, employed full-time $59,371 $33,945 $34,897 $42,417 $50,640 $52,285 $77,105 $71,283 $82,183 $130,466 $119,552
Household $69,228 $29,609 $29,520 $47,405 $60,392 $68,769 $106,936 $100,128 $114,900 $151,560 $142,493
*Total work experience
Household income distribution
10th percentile 20th percentile 30th percentile 40th percentile 50th percentile 60th percentile 70th percentile 80th percentile 90th percentile 95th percentile
≤ $15,700 ≤ $28,000 ≤ $40,500 ≤ $55,000 $70,800 ≤ $89,700 ≤ $113,200 ≤ $149,100 ≤ $212,100 ≤ $286,300
Source: US Census Bureau, 2021; income statistics for the year 2021

See also edit

References edit

  1. ^ "CENSUS.GOV".
  2. ^ a b "IRS income statistics webpage". IRS.GOV. Retrieved 12 June 2022.
  3. ^ "CENSUS.GOV". CENSUS.GOV. Retrieved 14 June 2022.
  4. ^ a b "Income Reports". CENSUS.GOV. Retrieved 14 June 2022.
  5. ^ "Census Bureau Data Aggregation at Federal Reserve Webpage Household". Federal Reserve St. Louis. Retrieved 12 June 2022.
  6. ^ "Census Bureau Data Aggregation at Federal Reserve Webpage Personal Income". Federal Reserve St. Louis. Retrieved 12 June 2022.
  7. ^ . Archived from the original on 2007-11-02. Retrieved 2007-11-24.
  8. ^ . Archived from the original on 2007-11-02. Retrieved 2007-11-24.
  9. ^ . Archived from the original on 2007-11-15. Retrieved 2007-11-24.
  10. ^ Semega, Jessica; Chen, Frances; Kollar, Melissa; Shrider, Emily A. "Income and Poverty in the United States: 2021" (PDF). US CENSUS BUREAU. Retrieved 19 September 2022.
  11. ^ "Personal Income: PINC-03". US CENSUS BUREAU. Retrieved 29 June 2022.
  12. ^ "Historical Income Tables: Households". US CENSUS BUREAU. Retrieved 29 June 2022.

Further reading edit

INCOME STATISTICS AT IRS.GOV

External links edit

 
Wikimedia Commons has media related to Income distribution in the United States.
  • Historical relationship between the savings rate and the Fed rate - since 1954

January 01, 1970
income, united, states, measured, various, federal, agencies, including, internal, revenue, service, bureau, labor, statistics, department, commerce, census, bureau, additionally, various, agencies, including, congressional, budget, office, compile, reports, i. Income in the United States is measured by the various federal agencies including the Internal Revenue Service Bureau of Labor Statistics US Department of Commerce and the US Census Bureau Additionally various agencies including the Congressional Budget Office compile reports on income statistics The primary classifications are by household or individual The top quintile in personal income in 2019 was 103 012 2 included in the chart below The differences between household and personal income are considerable since 61 of households now have two or more income earners 3 Overall median household income by state in 2018 1 2020 median personal income ages 15 years or older 4 All workers Full time workers All 41 535 56 287 Men 49 389 61 417 Women 35 838 50 982 Median personal income in 2020 was 56 287 for full time workers 4 This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals Overall including all households individuals regardless of employment status the median household income was 67 521 in 2020 while the median personal income including individuals aged 15 and over was 35 805 5 6 While wages for women have increased greatly median earnings of male wage earners have remained stagnant since the late 1970s 7 8 Household income however has risen due to the increasing number of households with more than one income earner and women s increased presence in the labor force 9 Income Percentiles 2019 editSource 2 Inflation adjusted US Dollars see IRS for further reading IRS GOV income statistics YEAR 0 001 0 01 0 10 1 2 3 4 5 10 20 25 30 40 50 2001 31 331 335 6 869 952 1 393 718 306 635 207 592 167 788 145 667 132 082 96 151 67 818 59 026 51 863 40 293 31 418 2002 25 921 482 5 891 214 1 245 352 296 194 200 654 164 409 144 575 130 750 95 699 67 928 59 066 51 721 40 073 31 299 2003 28 489 160 6 386 149 1 317 088 305 939 205 565 168 248 147 132 133 741 97 470 69 304 59 896 52 353 40 383 31 447 2004 38 780 500 8 455 107 1 617 918 339 993 224 320 181 127 156 665 140 758 101 838 72 069 62 794 54 765 42 081 32 622 2005 50 796 495 10 738 867 1 938 175 379 261 245 392 194 726 167 281 149 216 106 864 74 790 64 821 56 583 43 361 33 484 2006 54 665 360 11 649 460 2 124 625 402 603 258 800 205 835 176 455 157 390 112 016 77 776 67 291 58 505 44 748 34 417 2007 62 955 875 12 747 384 2 251 017 426 439 270 440 214 832 184 473 164 883 116 396 80 723 69 559 60 617 46 200 35 541 2008 49 546 782 10 097 827 1 867 652 392 513 260 381 209 750 181 624 163 512 116 813 80 886 69 813 60 535 46 120 35 340 2009 34 381 494 7 206 540 1 469 393 351 968 243 096 198 731 174 432 157 342 114 181 79 237 68 216 58 876 44 529 34 156 2010 45 039 369 8 762 618 1 634 386 369 691 252 785 205 942 179 023 161 579 116 623 80 462 69 126 59 512 44 895 34 338 YEAR 0 001 0 01 0 10 1 2 3 4 5 10 20 25 30 40 50 2011 41 965 258 8 830 028 1 717 675 388 905 262 933 213 441 185 812 167 728 120 136 82 241 70 492 60 789 45 722 34 823 2012 62 068 187 12 104 014 2 161 175 434 682 285 908 227 923 196 416 175 817 125 195 85 440 73 354 63 222 47 475 36 055 2013 45 097 112 9 460 540 1 860 848 428 713 287 018 231 507 200 472 179 760 127 695 87 434 74 955 64 650 48 463 36 841 2014 56 981 718 11 407 987 2 136 762 465 626 306 650 245 902 211 261 188 996 133 445 90 606 77 714 66 868 50 083 38 173 2015 59 380 503 11 930 649 2 220 264 480 930 316 913 253 979 218 911 195 778 138 031 93 212 79 655 68 632 51 571 39 275 2016 53 052 900 10 963 921 2 124 117 480 804 319 796 256 673 221 381 197 651 139 713 94 620 80 921 69 581 52 529 40 078 2017 63 430 119 12 899 070 2 374 937 515 371 339 478 271 182 232 955 208 053 145 135 97 870 83 682 72 268 54 672 41 740 2018 68 934 261 13 576 286 2 514 209 540 009 359 368 286 106 245 050 217 913 151 935 101 765 87 044 75 083 57 092 43 614 2019 60 658 598 12 623 539 2 458 432 546 434 364 693 291 384 249 320 221 572 154 589 103 012 87 917 75 991 57 685 44 269Income at a glance editMedian household income by selected characteristics 10 Type of household Race and Hispanic origin Region All households Familyhouseholds Nonfamilyhouseholds Asian Non Hispanic White Hispanic of any race Black Northeast Midwest South West 70 784 91 162 41 797 101 418 77 999 57 981 48 297 77 422 71 129 63 368 79 430 Median household income by selected characteristics cont Age of Householder Nativity of Householder Metropolitan Statistical Area MSA Status Educational Attainment of Householder Under 65 years 65 years and older Native born Foreign born Inside MSA Outside MSA No high school diploma High school no college Some college Bachelor s degree or higher 80 734 47 620 71 522 66 043 73 823 53 750 30 378 50 401 64 378 115 456 Householders aged 25 and older In 2021 the median household income for this group was 72 046 Median earnings by work status and sex Persons aged 15 years and older with earnings Total workers Full Time year round workers Both sexes Male Female Both sexes Male Female 45 470 50 983 39 201 56 473 61 180 51 226 2020 Median earnings amp household income by educational attainment 11 12 Measure Overall Less than 9th grade Some High School High school graduate Some college Associate s degree Bachelor s degree or higher Bachelor s degree Master s degree Professional degree Doctorate degree Persons age 25 w earnings 46 985 25 162 26 092 34 540 39 362 42 391 66 423 60 705 71 851 102 741 101 526 Male age 25 w earnings 52 298 30 089 31 097 40 852 47 706 52 450 80 192 71 666 91 141 126 584 121 956 Female age 25 w earnings 40 392 18 588 19 504 27 320 31 837 36 298 57 355 51 154 62 522 92 780 85 551 Persons age 25 employed full time 59 371 33 945 34 897 42 417 50 640 52 285 77 105 71 283 82 183 130 466 119 552 Household 69 228 29 609 29 520 47 405 60 392 68 769 106 936 100 128 114 900 151 560 142 493 Total work experience Household income distribution 10th percentile 20th percentile 30th percentile 40th percentile 50th percentile 60th percentile 70th percentile 80th percentile 90th percentile 95th percentile 15 700 28 000 40 500 55 000 70 800 89 700 113 200 149 100 212 100 286 300 Source US Census Bureau 2021 income statistics for the year 2021See also editCompensation in the United States Economy of the United States Income inequality in the United States Socio economic mobility in the United States Unemployment in the United States List of United States counties by per capita incomeReferences edit CENSUS GOV a b IRS income statistics webpage IRS GOV Retrieved 12 June 2022 CENSUS GOV CENSUS GOV Retrieved 14 June 2022 a b Income Reports CENSUS GOV Retrieved 14 June 2022 Census Bureau Data Aggregation at Federal Reserve Webpage Household Federal Reserve St Louis Retrieved 12 June 2022 Census Bureau Data Aggregation at Federal Reserve Webpage Personal Income Federal Reserve St Louis Retrieved 12 June 2022 U S Census Bureau 1991 Table P 17 Years of School Completed People 25 Years Old and Over by Median Income and Sex 1958 to 1990 Archived from the original on 2007 11 02 Retrieved 2007 11 24 U S Census Bureau 2006 Table P 16 Educational Attainment People 25 Years Old and Over by Median Income and Sex 1991 to 2005 Archived from the original on 2007 11 02 Retrieved 2007 11 24 U S Census Bureau 2005 Table H 17 Households by Total Money Income Race and Hispanic Origin of Householder 1967 to 2004 Archived from the original on 2007 11 15 Retrieved 2007 11 24 Semega Jessica Chen Frances Kollar Melissa Shrider Emily A Income and Poverty in the United States 2021 PDF US CENSUS BUREAU Retrieved 19 September 2022 Personal Income PINC 03 US CENSUS BUREAU Retrieved 29 June 2022 Historical Income Tables Households US CENSUS BUREAU Retrieved 29 June 2022 Further reading editINCOME STATISTICS AT IRS GOVExternal links edit nbsp Wikimedia Commons has media related to Income distribution in the United States Savings rate vs Fed rate from 1954 Historical relationship between the savings rate and the Fed rate since 1954 Retrieved from https en wikipedia org w index php title Income in the United States amp oldid 1212920753, wikipedia, wiki, book, books, library,

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