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$59,384
- According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384. 2 This is up 5.4% from the same time period in 2022 when the average American was making $56,316 per year. 9 Average weekly earnings reached $1,142, while the average American made $4,949 per month in Q4 of 2023. 9 While salaries are up, salary growth is down — the increase in average earnings is lower compared to the 7.3% rise between 2021 and 2022.
Apr 3, 2024 · The highest-earning state is Massachusetts, with an average annual income of $86,840 in 2023 — more than $27,000 above the national average. 1. Missouri earns the closest to the U.S. average ...
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Oct 26, 2022 · The average American annual real wage was $67,521 in 2020. The average U.S. household income is $87,864. The median U.S. household income is $61,937. For further analysis, we broke down the data in the following ways: Demographics | Real Wage | Poverty | Bracket | Trends and Predictions | State. Average American Income by Gender
May 23, 2023 · Average Salary by Age in the U.S. Median American earnings peak at the 45 to 54 age range. The biggest jump in salary from one age group to the next is between 20 to 24 and 25 to 34, meaning...
- Overview
- What is the average salary in the U.S.?
- What is the average salary by state?
- Factors that may affect average salary
- Projected in-demand occupations
The United States Bureau of Labor and Statistics regularly releases labor reports reflecting financial data for the year. These reports offer information about average wages and salaries in the U.S., according to multiple factors. If you're trying to figure out what impacts salaries and compensation, you can benefit from this information.In this ar...
Currently, there are 120.2 million full-time workers in the United States, per the U.S. Bureau of Labor Statistics. Some of these people are compensated with an annual salary, while others work for hourly wages.While there are significant variations in pay relative to job type, education level and social and economic factors, the average weekly pay...
Both geographic location and cost of living often dictate the parameters of individual compensation and wages, and each state has its own average salary. The five states with the highest average salaries (as of March 2022) are New York, Massachusetts, New Jersey, Connecticut, California and New Jersey. Here’s an alphabetical list of the average salaries for each of the United States, per BLS:
•Alabama: $1,072
•Alaska: $1,178
•Arizona: $1,234
•Arkansas: $1,060
•California: $1,644
1. Geographic region
Geographic U.S. regions are areas with distinct features and characteristics that are either natural or man-made. Highly populated metropolitan cities are often industry hubs for jobs with high earning potential.For this reason, these areas reflect unique economic statistics. Here’s a list of 10 U.S. cities and their average salaries as of May 2021, per BLS: •Houston, Texas: $57,790 per year •Atlanta, Georgia: $59,100 per year •Philadelphia, Pennsylvania: $61,860 per year •Chicago, Illinois: $61,860 per year •Portland, Oregon: $64,330 per year •New York, New York: $74,150 per year •Seattle, Washington: $76,170 per year •Boston, Massachusetts: $76,850 per year •District of Columbia: $80,480 per year •San Francisco, California: $86,590 per year Related: 20 of the Best Cities for Pursuing a Tech Job
2. Education attainment
According to the bureau, the level of education a person completes also contributes to differences in national average salary amounts. For example, people with a high school diploma (and no college attendance) earn an average annual salary of $45,032, while college graduates earn an average of $80,912 per year.This represents a difference of approximately 79.7% between these two groups. Meanwhile, the top 10% of working people with advanced degrees, like master's or doctoral degrees, earn an average of $199,992 per year. Additionally, those without a high school diploma earn an average of $35,984 per year.Related: Is It Worth It To Get a Bachelor's Degree?
3. Job type
The industry or job position a person works in affects their earnings as well. Careers requiring an advanced degree, such as those in engineering or in medicine, for example, often yield annual salaries that are three to six times higher than that of the national average. While careers in teaching or skilled trades offer wages that compete with the average national annual salary of $55,640.Further, entry-level jobs in retail or recreation regularly yield wages that are 50% lower. Here’s a list of the national average salary for six careers across different industries: •Retail sales associate ($29,180 per year): Retail sales associates, also known as retail clerks, offer face-to-face customer service and assist people in selecting purchases. They organize goods for sale, conduct inventory, replenish stock and use point-of-sale machines. •Carpenter ($48,260 per year): Carpentry is a skilled trade involving the construction or installation of buildings or structures. To become a carpenter, people regularly complete courses, certificate programs or apprenticeship programs. •High school teacher ($61,820 per year): A high school teacher is a licensed professional who regularly holds a four-year college degree in the subject matter that they teach. They prepare lessons, design units of study, deliver lectures and interact with students and parents. Mechanical engineer ($95,300 per year): A medical engineer is a professional who designs machines using principles in mathematics and physics. Typically, this career requires a bachelor's degree or master's degree in mechanical engineering (technology). •Software architect ($110,140 per year): Software architects are professionals who design and create computer software. They typically hold a bachelor's degree or higher in computer science or computer engineering. They routinely write and review code to implement software systems. •Physician ($195,600 per year): Physicians are licensed medical professionals who diagnose, treat and manage illness, injury and disease. They attend between eight to 12 years of post-secondary education, including a four-year medical residency to prepare for their career. Related: Industry vs. Sector: Top 9 Differences
The U.S. Bureau of Labor Statistics projects the following occupations to experience the greatest growth in the decade between 2021 and 2031. As with the above section, these occupations represent various industries. The projected job growth rate is included in parentheses:
•Nurse practitioners (46%): $84,916 per year
•Wind turbine service technicians (44%): $56,260 per year
•Ushers, lobby attendants and ticket takers (41%): $28,878 per year
•Motion picture projectionists (40%): $29,350 per year
•Cooks (restaurant) (37%): $30,010 per year
Jun 26, 2024 · Key takeaways. According to the US Bureau of Labor Statistics (BLS), American workers made a median wage of $1,139 per week in the first quarter of 2024, which would add up to $59,228 per year. 1. Median pay can vary significantly depending on factors like age, sex, location, and education.
Apr 2, 2024 · The average U.S. household income in 2022 was $105,555, while the median U.S. household income was $74,580. Adjusting for inflation, median household income dropped 2.2% from 2021 to 2022.
Sep 12, 2023 · This report presents estimates on income, earnings, and inequality in the United States for calendar year 2022, based on information collected in the 2023 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC) conducted by the Census Bureau.
