United States Monthly Earnings stood at 4,702 USD in Dec 2023, compared with the previous figure of 4,695 USD in Nov 2023 See the table below for more data.
The average median household income in the United States was $67,521, but most states range between $50,000—$90,000, with few outliers.
According to the latest figures by the Bureau of Labor and Statistics, the average salary in USA per month is $6,228 or $74,738 per year. As of 2023, the gross minimum salary in the USA is $27.77 per hour. Salaries range from $45,060 to $335,200 per year and include housing, transport, and other benefits.
The national minimum wage in the United States is US$7.25 per hour or about US$1,218 per month. However, states may set minimum wages above the federal floor level at their own discretion. For example, Washington offers the highest minimum wage of all 50 U.S. states at US$16.28 per hour or about US$2,735 per month.
If you're single and don't have a family to take care of, $3000 is enough to get you through the month comfortably. And, if you keep your expenses to a minimum, you can save a few hundred dollars from your paycheck.
The Sept. 8 report said the minimum annual income required in 2023 for a family of four to be middle class in California is $69,064. Alabama and Arkansas both required the lowest minimum income to be considered middle class, at $51,798.
A good salary in the US depends on various factors, but generally, a comfortable standard of living is attainable with an annual income of around $70,000 to $100,000 for a single individual.
According to the Bureau of Labor Statistics, the average American earns $54,132, while those who have the top ten highest-earning jobs take home more than $120,000 a year or at least $10,000 a month. A number of those in the top tier are in the field of health care.
A good monthly income in California is $3,886, based on what the Bureau of Economic Analysis estimates that Californians pay for their cost of living.
In some areas, $6,000 net monthly can be a comfortable salary for a software engineer, while in others, it may not be enough to cover basic living expenses. For example, if you live in a high-cost city like San Francisco or New York, $6,000 net monthly may not be enough to cover the high cost of living.
According to the US Bureau of Labor Statistics (BLS), the median annual wage across all occupations in 2021 was $58,260 [1]. For a person living in Phoenix, Arizona, where the median wage is $56,610, earning above the national average may be considered very good.
In 2020, according to Pew Research Center analysis, the median for upper income households was around $220,000 and the median for middle income households was slightly above $90,000.
A $100,000 salary is considered good in most parts of the country, and can cover typical expenses, pay down debt, build savings, and allow for entertainment and hobbies. According to the U.S. Census, only 15.3% of American households make more than $100,000 annually.
The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour. Why not be way above average and find a job that pays $30 more than the average hourly salary?
An $80,000 annual salary might sound like a decent pile of money — and in fact it's about $10K higher than the national median household income of $70,784. However, a recent Bankrate study found that financial distress can strike even those making $80,000 per year.
A single person needs upwards of $80,000 a year to live comfortably in California, survey data shows.
In addition, it is also higher than the average hourly wage for part-time workers, which was $14.48 in 2023. Even without a college degree, a job that pays $20 per hour is a great salary. It also puts job seekers at an advantage over those who are new to job searching.
Average Salary for Ages 25-34
For Americans ages 25 to 34, the median salary is $1,040 per week or $54,080 per year. That's a big jump from the median salary for 20- to 24-year-olds. As a general rule, earnings tend to rise in your 20s and 30s as you start to climb up the ladder.
lower-income households had incomes less than $48,500; upper-income households had incomes greater than $145,500; middle-income households fell into a range between those two numbers.
Income data released by the U.S. Census Bureau shows that the 2021 median household income was the highest on record at just around $65,000.10 Pew defines the middle class as those earning from two-thirds to double the median household income.11 This Pew classification means that the category of middle income is made ...
Today, middle class describes a broad economic group making up roughly half of the U.S. population. Typically, it has consisted of those in white-collar jobs, small businesses or skilled trades. According to the Pew Research Center, the middle class includes Americans making between $38,133 and $114,400 in 2023.