Included in this amount are all salaries and wages but also other unearned income on investments or capital gain. The average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year).
According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved.
The U.S. Census Bureau estimated median annual earnings at $41,535 in 2020 for workers aged 15 and over with earnings and $56,287 in 2020 for those who worked full-time, year round.
The weekly median earnings for full-time wage or salary workers in the United States in the second quarter of 2021 amounted to $990. It translates to a yearly income of approximately $51,480.
The median income for an American household was $68,400 in 2019. Since 1979, the top earners in the US have seen their wages grow by 157.8%. Full-time working men had a real median income of $57,456 in 2019. The median income of American White men aged 25 to 54 was $60,008 in 2020.
So who is in the middle class? Broadly, Pew Research Center defines middle-class households as making two-thirds to double America's median income. That adds up to an income range of about $30,000 to $90,000 for single Americans in 2020 dollars.
With the median U.S. income being about $80,000 a year, a household of four earning between roughly $52,000 and $175,000 a year is considered middle class.
Report Ad. In the US, an annual salary between $70,000 – $78,000 before tax ($5,800 – $6,500 monthly) is considered to be a good wage in any state.
Across the US, the average income for the top 2% of all earners is $206,000.
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
According to the Bureau of Labor Statistics, a 60k annual income is the median US income. This means that half of all workers in the US make more than 60k per year, and half make less. However, 60k per year is generally considered to be a good salary.
The Bureau of Labor Statistics states that the average American makes $865 a week working full-time. That comes out to $44,980 per year. If you're making $95,000 you are above the average American. Depending on your financial goals, you may or may not consider adding additional streams of income.
The median income for the US was $67,512 in 2020. This means that a salary of $120,000 is around double the US median household income, and it is almost four times the average single person income – only very high earners earn significantly above this.
An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
According to the Economic Policy Institute, the average median salary in 2019 was approximately $19.33 per hour. This equates to $40k a year if you worked full-time. So a $40,000 a year salary is right at average.
After adjusting its data to reflect current inflation using the Consumer Price Index for Urban Wage Earners and Clerical Workers from the Bureau of Labor Statistics, SmartAsset found that to break into the top 1% of earners, an average American family needs to make over $597,815 yearly.
According to the US Census Bureau, the percentage of Americans making over $100k a year was 24% in 2020.
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
In 2021, the average nominal salary in Russia was measured at approximately 56.5 thousand Russian rubles per month, marking an increase by around 5.2 thousand Russian rubles compared to the previous year.
Average Salary for Ages 20-24
The median salary of 20- to 24-year-olds is $667 per week, which translates to $34,684 per year.
$80,000 a year is how much per hour? If you make $80,000 per year, your hourly salary would be $41.03. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.
As of Jul 13, 2022, the average annual pay for a Couple in the United States is $62,982 a year. Just in case you need a simple salary calculator, that works out to be approximately $30.28 an hour. This is the equivalent of $1,211/week or $5,248/month.