Average US Income 2024: Median Salary (Stats)

The average income in the United States is a key economic indicator that can provide insights into the overall health of the economy and the well-being of American families.

While the average income has been increasing steadily in recent years, it is important to note that there is a wide range of incomes within the US population, and the average income is not representative of what a typical family earns.

This post will shed light on the United State’s income data and demographics as of 2024:

What Is The Average Income In U.S.A. In 2024?

According to the U.S. Bureau Of Labor Statistics, the median weekly earnings of the 121.5 million full-time workers in the United States is $1,101 as of 2024.

Note: This data represents earnings before taxes and other deductions and includes any overtime pay, commissions, or tips usually received (at the main job in the case of multiple jobholders).

This table shows the median annual income of the US over the years (2015-2023):

Year	The Median Annual Income
2015	$42,168
2016	$43,406
2017	$44,827
2018	$46,196
2019	$47,812
2020	$51,305
2021	$52,009
2022	$55,164
2023*	$57,406

The median annual income in the US has been on the positive side consistently since 2015, It rose by $15,238 during the same period.

Additionally, the median household income in the United States is $74,580.

Let’s get more detail on annual income in the U.S. in the following sections. 

Average U.S. Income By State

Maryland has the highest annual median income in the United States, with $90,203 in value.

Here is a table showing the median annual income in different states of the United States:

States	Annual U.S. Income
Alabama	$53,913
Alaska	$77,845
Arizona	$69,056
Arkansas	$52,528
California	$84,907
Colorado	$82,254
Connecticut	$83,771
Delaware	$71,091
Florida	$63,062
Georgia	$66,559
Hawaii	$84,857
Idaho	$66,474
Illinois	$72,205
Indiana	$62,743
Iowa	$65,600
Kansas	$64,124
Kentucky	$55,573
Louisiana	$52,087
Maine	$64,767
Maryland	$90,203
Massachusetts	$89,645
Michigan	$63,498
Minnesota	$77,720
Mississippi	$48,716
Missouri	$61,847
Montana	$63,249
Nebraska	$66,817
Nevada	$66,274
New Hampshire	$88,465
New Jersey	$89,296
New Mexico	$53,992
New York	$74,314
North Carolina	$61,972
North Dakota	$66,519
Ohio	$62,262
Oklahoma	$55,826
Oregon	$71,562
Pennsylvania	$68,957
Rhode Island	$74,008
South Carolina	$59,318
South Dakota	$66,143
Tennessee	$59,695
Texas	$66,963
Utah	$79,449
Vermont	$72,431
Virginia	$80,963
Washington	$84,247
West Virginia	$51,248
Wisconsin	$67,125
Wyoming	$65,204

Average U.S. Income By Gender

Let us take a closer look at the pay gap between men and women in the United States in this section.

Average Median Income Of Men In The U.S.

According to the official reports, the average weekly median income of men in the United States as of 2024 is  $1,208.

The weekly median income of men in the United States was $1,181 in the first quarter and $1,185 in the second quarter of 2023.

Considering this weekly income and calculating annual median income, men’s average annual median income is $61,681 in the United States. 

Here is a table showing men’s average annual median income in the United States from 2015 to 2023. 

Year	Annual Median Income Of Men In the United States
2015	$47,008
2016	$48,048
2017	$49,036
2018	$51,584
2019	$53,144
2020	$55,744
2021	$57,408
2022	$61,204
2023	$61,412

Average Median Income Of Women In The U.S.

According to the official reports, the average weekly median income of women in the United States as of 2024 is $1,005.

The weekly median income of women in the United States is less than that of men. Men earned $187 more every week than women in 2023. The annual median income of women in the United States was $51,931 in 2023.

Here is a table showing women’s average annual median income in the United States from 2015 to 2023. 

Year	Annual Median Income of Women In the United States
2015	$37,908
2016	$39,468
2017	$40,040
2018	$41,340
2019	$43,784
2020	$46,488
2021	$48,308
2022	$50,700
2023	$51,931

Average Income In The U.S. By Age

The age group of people between 35 to 44 years earns the most in the United States. Their annual median income is $67,756 as of 2024.

Here is a table showing the annual median income in the United States based on age groups:

Age	Annual Median Income
16 to 24 years	38,168
25 to 34 years	56,160
35 to 44 years	67,756
45 to 54 years	66,300
55 to 64 years	64,688
65 years and over	54,860

People aged between 16 to 24 years earn the least among all age groups, with a $38,168 annual median income.

Average Income In The U.S. Of Men And Women Of Different Ages Among Races

This section has a detailed breakdown of the average income of men and women of different age groups belonging to different races.

Average Income Of White American Men And Women

Here is a table showing the annual median income of White men and women in the United States by age:

Age Group	White Men	White Women
16 to 24 years	$40,404	$36,140
25 to 54 years	$65,884	$55,016
Above 55 years	$72,176	$54652

Average Income Of Black American Men And Women

Here is a table showing the annual median income of Black men and women in the United States by age:

Age Group	Black Men	Black Women
16 to 24 years	$35,412	Black Women
25 to 54 years	$50,804	$47,164
Above 55 years	$53,092	$44,460

Average Income Of Asian American Men And Women

Here is a table showing the annual median income of Asian men and women in the United States by age:

Age Group	Asian Men	Asian Women
16 to 24 years	$45,344	$36,296
25 to 54 years	$90,116	$75,192
Above 55 years	$69,368	$58,864

Average Income Of Hispanic American Men And Women

Here is a table showing the annual median income of Hispanic men and women in the United States by age:

Age Group	Hispanic Men	Hispanic Women
16 to 24 years	$37,284	$40,508
25 to 54 years	$49,608	$43,160
Above 55 years	$49,192	$39,572

Sage Read: Interested in learning about the cities experiencing rapid growth in the United States? Check out our post on the Fastest-growing Cities in the U.S.

Average U.S. Income By Ethnicity

White people’s weekly median income was $1,130 in the United States in 2023.

That means the annual median income of white people was $58,760. 

Asian people’s annual median income was the highest in the United Statesin 2023, with $76,336.

Here is a table showing the annual median income in the United States in 2023 by Ethnicity:

Ethnicity	Annual Median Income
White	$58,760
Black	$46,072
Asian	$76,336
Hispanic	$45,136

White women in the United States earn $1,007 weekly as of 2023. That means their annual median income is $52,364.

Average Income Of U.S. Families

Before we start, you should understand that the average income of US families varies depending on a number of factors, including household size, race and ethnicity, education level, and location. For example, families with children tend to have lower incomes than families without children. Additionally, families headed by single parents tend to have lower incomes than married-couple families.

Did you know? There are over 150 million startups globally, with the United States leading as the country with the highest number of startups.

Let us take a closer look at how much US families were earning on average in 2023 in this section.

US Families with two people have an annual median income of $75,143 in 2023.

Here is a table showing the annual medium income in the United States by family size:

Family Size	Annual Median Income
2-people	$75,143
3-people	$88,692
4-people	$105,901
5-people	$99,694
6-people	$97,292

Average Income In The U.S. By Bracket

29% of Americans are considered lower class by their income.

Here is a table showing the U.S. population income by bracket. 

Bracket	Percentage Of U.S. people
Lower Class	29%
Middle Class	52%
Upper Class	19%

Average Income In The U.S. Based On Profession

People in Management, professionals, and related occupations earn $1,531 weekly in the U.S. as of 2023, and their annual median income is $79,612.

Here is a table showing the annual median income in the U.S. by profession:

Profession	Annual Median Income
Management, Professional, and Related occupations	$79,612
Service Occupations	$36,972
Sales and Office Occupations	$48,308
Natural Resources, Construction, and Maintenance Occupations	$51,636
Production, Transportation, and Material Moving Occupations	$43,316

Men in Production, Transportation, and Material Moving Occupations earn $903 weekly in the U.S. as of 2023, and their annual income is $46,956.

Here is a table showing the annual median income of Men in the U.S. by profession:

Profession	Annual Median Income
Management, Professional, and Related occupations	$92,300
Service Occupations	$41,236
Sales and Office Occupations	$53,248
Natural Resources, Construction, and Maintenance Occupations	$52,364
Production, Transportation, and Material Moving Occupations	$46,956

Women in Sales and Office Occupations earn $868 weekly in the U.S. as of 2023, and their annual income is $45,136.

Here is a table showing the annual median income of Women in the U.S. by profession:

Profession	Annual Median Income
Management, Professional, and Related occupations	$69,888
Service Occupations	$34,424
Sales and Office Occupations	$45,136
Natural Resources, Construction, and Maintenance Occupations	$34,528
Production, Transportation, and Material Moving Occupations	$35,776

Average U.S. Income By Number Of Earners In Family

US Census Bureau data revealed that families with a single earner have an annual median income of $66,388, while families with 4 earners have an annual median income of $116,58.

Here is a table showing the annual median income of US families by the number of earners:

Annual Median Income	Annual Median Income
1 Earner	66,388
2 Earner	82,903
3 Earner	97,449
4 Earner	116,58

Average U.S. Income By Education

People with advanced degrees earned $891 weekly in the U.S. in 2023, and their annual income was $46,332.

Here is a table showing the average median income in the U.S. by Education:

Education	Annual Median Income
Less than a High School Diploma	$22,152
High School Graduates, No College	$27,404
Some College or Associate Degree	$30,628
Bachelor’s Degree	$37,232
Advanced Degree	$46,332

Women with advanced degrees earned $852 weekly in the U.S. in 2023, and their annual income was $44,304.

Here is a table showing the average median income in the U.S. by Education:

Education	Annual Median Income
Less than a High School Diploma	$19,968
High School Graduates, No College	$24,856
Some College or Associate Degree	$27,768
Bachelor’s Degree	$35,100
Advanced Degree	$44,304

Men with bachelor’s degrees earned $775 weekly in the U.S. in 2023, and their annual income was $40,300.

Here is a table showing the average median income in the U.S. by Education:

Education	Annual Median Income
Less than a High School Diploma	$24,700
High School Graduates, No College	$30,056
Some College or Associate Degree	$32,864
Bachelor’s Degree	$40,300
Advanced Degree	$49,088

Share of American Population Based On Income

9.4% of Americans earn under $15,000 annually, while 16.5% earn between $50,000 to $74,900. 

Here is a table showing the percentage of American people by their income:

Income	Share Of Americans
Less than $15,000	9.4%
$15,000 to $24,900	8.7%
$25,000 to $34,900	8.1%
$35,000 to 49,900	11.6%
$50,000 to $74,000	16.5%
$75,000 to $99,900	12.2%
$100,000 to $149,900	15.3%
$150,000 to $199,900	8%
More than $200,000	10.3%

Poverty Rate In The U.S.

In 2020, the poverty rate was 11.4% in the United States. This rate was at its lowest in 2019, with 10.5%.

Here is a table showing the poverty rate in the United States from 2019 to 2020:

Year	The Poverty Rate In The United States
2010	15.3%
2011	15%
2012	15%
2013	14.8%
2014	14.8%
2015	13.5%
2016	12.7%
2017	12.3%
2018	11.8%
2019	10.5%
2020	11.4%

Source Disclaimer:

Sage Note: We have sourced the data in this post from various sources. Some notable ones are:

• U.S. Department of Justice
• United States Census Bureau
• U.S. Bureau of Labor Statistics

And other third-party publishers. We made sure to do the math to the closest values and provide you with accurate insights.

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