Those between the ages of 45-54 earn the highest incomes, at a median of $84,464.Ĭlose behind in second place are those aged 35-44, who have a median income of $80,743. Which is nearly $25,000 less than the average White American and less than half that of the average Asian American. First, Asian Americans are one of the highest-growing demographics in the U.S., and second, Asian Americans are also the most educated demographic.īlack Americans have the lowest median income of $41,511. This disparity is likely the result of two main factors. That’s over $20,000 more than White Americans, who are the second-highest earners in the country. When it comes to the demographics of the average American income, our research shows that:Īsian Americans earn the highest median income of $87,243. In fact, there are several demographic factors that go into income, such as age, sector, etc. While the non-Hispanic/Latino White population is by far the highest in the U.S., at 60%, this group doesn’t earn the highest income. Today, that gap has shrunk by over 20 percentage points, with the average woman earning $916 per week and the average man earning $1,100. That’s the difference between an average of $408 per week for men, compared to $251 for women. In 1979, the average woman earned only 61.5% of a man’s weekly earnings. This is by far the worst disparity in income between men and women. The average self-employed man earns $61,091 per year, while the average self-employed woman earns only $36,995 per year. There’s a huge gap between male and female business owners, with men earning 40% more than their female counterparts. Fortunately, those in younger generations do have a noticeably smaller gap, with women between the ages of 25 to 34 earning 93 cents for every dollar a man makes. While this 2020 number is lower than the 77% cited a few years prior, there is still a considerable gap between men and women. However, even in similar fields with similar qualifications, women earn 84% of what men earn. Of course, it’s important to keep in mind that these average incomes are based on all workers across all industries, meaning that the demographic abundance of female workers in a lower-income industry or the abundance of male workers in a higher-income industry can easily skew these averages. That’s a difference of around $8,000, which is significant. In the United States, the average woman earns a median income of $42,238, while her male counterpart earns $52,004. While there are many factors that go into income differences between men and women, including industry preferences, work-life-balances choices, and more, the fact is that the average female worker still makes less than the average male worker. Unless you’ve been living on a remote island in the Pacific, you’ve likely heard of the gender pay gap and other workplace controversies related to gender. household income is $61,937.įor further analysis, we broke down the data in the following ways:ĭemographics | Real Wage | Poverty | Bracket | Trends and Predictions | State The average American annual real wage was $67,521 in 2020. While the average American income depends heavily on the industry, field, and experience, you might be surprised to learn how your income stacks up against the rest of the country.
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