Distribution of household income U.S. 2022 | Statista (2024)

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Distribution of household income U.S. 2022 | Statista? ›

In 2022, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S. dollars. The median household income was 74,580 U.S. dollars in 2022.

Real median household income was $74,580 in 2022, a 2.3 percent decline from the 2021 estimate of $76,330 (Figure 1 and Table A-1).

A 2022 study by the Economic Policy Institute (EPI) found that the top 10% of earners nationally received an average income of $167,639 in 2021.

Average household income is the total amount of income earned by all members of a household age 15 or older, whether they are related or not. The income of all households is then added together and divided by the total number of households, to determine the average.

The top 3.65%, with incomes over $200,000, earned 17.5%. Households with annual incomes from $50,000 to $75,000, 18.2% of households, earned 16.5% of all income. Households with annual incomes from $50,000 to $95,000, 28.1% of households, earned 28.8% of all income. The bottom 10.3% earned 1.06% of all income.

The household income is the total income that the occupants of a home bring in over the course of a year. To determine the annual income , you may need to multiply your monthly gross income by 12.

You'll need to earn more than half a million annually to be considered among the highest earning residents in 11 states and Washington, D.C. "This comes down to cost of living," Murray said.

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.

Only 18% of individual Americans make more than $100,000 a year, according to 2023 data from careers website Zippia. About 34% of U.S. households earn more than $100,000 a year, according to Zippia.

What is considered a good household income? ›

“Good income is relative to the average household income in America, which is $78,000 right now.” Real median household income in the U.S. was $78,250 in 2019 and fell to $74,580 in 2022, according to the Census Bureau. "You're not a bad person. You're not a horrible income earner.

What is Distribution of Personal Income? Measures how households are sharing in the U.S. economy's growth. Shows how total personal income in the United States is distributed across households.

Whose income to include in your estimate. For most people, a household consists of the tax filer, their spouse if they have one, and their tax dependents, including those who don't need coverage. The Marketplace counts estimated income of all household members.

For most individuals and small families, the answer to “Is $100,000 a good salary?” is a resounding “yes.” Cost of living and family size can affect how far $100,000 will go, but generally speaking, you can live comfortably on $100,000 a year.

The Poverty Threshold in 2024

The U.S. Department of Health and Human Services uses the Census Bureau threshold to determine who is eligible for certain government assistance programs, like SNAP (food stamps). Under their guidelines, a family of four is considered impoverished if they earn $30,000 or less per year.

With the annual inflation rate for 2023 at 3.4% for the year — up from 3.1% previously — salaries aren't keeping up. A Smart Asset report based on MIT's Living Wage data found that the average salary required to live comfortably in the U.S. is $68,499 after taxes.

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. Adjusting for inflation, the median household income has declined every year since 2019, when it was $78,250.

Middle-class income currently ranges from a little under $40,000 to a little over $119,000. The definition of middle class extends beyond income to factors like education, location and marital status.

To be in the top 1% based on income, you must earn at least $350,000 in 2022.