Graph and download economic data for Income After Taxes: Income After Taxes by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUINCAFTTXLB1504M) from 2014 to 2023 about percentile, tax, income, and USA.

In 2023, 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 80,610 U.S. dollars in 2023. Income and wealth in the United States After the economic recession in 2009, income inequality in the U.S. is more prominent across many metropolitan areas. The Northeast region is regarded as one of the wealthiest in the country. Maryland, New Jersey, and Massachusetts were among the states with the highest median household income in 2020. In terms of income by race and ethnicity, the average income of Asian households was 94,903 U.S. dollars in 2020, while the median income for Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates its list of poverty levels. Preliminary estimates show that the average poverty threshold for a family of four people was 26,500 U.S. dollars in 2021, which is around 100 U.S. dollars less than the previous year. There were an estimated 37.9 million people in poverty across the United States in 2021, which was around 11.6 percent of the population. Approximately 19.5 percent of those in poverty were Black, while 8.2 percent were white.

Graph and download economic data for Expenditures: Healthcare by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUHEALTHLB1504M) from 2014 to 2023 about healthcare, health, percentile, tax, expenditures, income, and USA.

In 2024, the average annual full-time earnings for the top ten percent of earners in the United Kingdom was 72,150 British pounds, compared with 22,763 for the bottom ten percent of earners.

In 2023, about 26.9 percent of Asian private households in the U.S. had an annual income of 200,000 U.S. dollars and more. Comparatively, around 13.9 percent of Black households had an annual income under 15,000 U.S. dollars.

Graph and download economic data for Expenditures: Total Average Annual Expenditures by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUTOTALEXPLB1504M) from 2014 to 2023 about percentile, tax, average, expenditures, income, and USA.

In 2023, the real median household income for householders aged 15 to 24 was at 54,930 U.S. dollars. The highest median household income was found amongst those aged between 45 and 54. Household median income for the United States since 1990 can be accessed here.

The poorest 5 percent of the population in Brazil received a monthly income of merely 239 reals in 2023, with their jobs as their only source of income. By contrast, the average income of workers who fall within the 40 percent to 50 percent percentile, and from 50 percent to 60 percent are 1,639 and 1,970 Brazilian reals, respectively.

Graph and download economic data for Expenditures: Personal Services by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUHHPERSRVLB1504M) from 2014 to 2021 about percentile, tax, expenditures, personal, services, income, and USA.

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.

About 50.4 percent of the household income of private households in the U.S. were earned by the highest quintile in 2023, which are the upper 20 percent of the workers. In contrast to that, in the same year, only 3.5 percent of the household income was earned by the lowest quintile. This relation between the quintiles is indicative of the level of income inequality in the United States. Income inequalityIncome inequality is a big topic for public discussion in the United States. About 65 percent of U.S. Americans think that the gap between the rich and the poor has gotten larger in the past ten years. This impression is backed up by U.S. census data showing that the Gini-coefficient for income distribution in the United States has been increasing constantly over the past decades for individuals and households. The Gini coefficient for individual earnings of full-time, year round workers has increased between 1990 and 2020 from 0.36 to 0.42, for example. This indicates an increase in concentration of income. In general, the Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing. Income distribution is also affected by region. The state of New York had the widest gap between rich and poor people in the United States, with a Gini coefficient of 0.51, as of 2019. In global comparison, South Africa led the ranking of the 20 countries with the biggest inequality in income distribution in 2018. South Africa had a score of 63 points, based on the Gini coefficient. On the other hand, the Gini coefficient stood at 16.6 in Azerbaijan, indicating that income is widely spread among the population and not concentrated on a few rich individuals or families. Slovenia led the ranking of the 20 countries with the greatest income distribution equality in 2018.

Graph and download economic data for Personal Taxes: Personal Taxes by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUPERSTAXLB1504M) from 2014 to 2022 about percentile, tax, personal, income, and USA.

In 2022, San Francisco had the highest median household income of cities ranking within the top 25 in terms of population, with a median household income in of 136,692 U.S. dollars. In that year, San Jose in California was ranked second, and Seattle, Washington third.

Following a fall after the great recession, median household income in the United States has been increasing in recent years. As of 2022, median household income by state was highest in Maryland, Washington, D.C., Utah, and Massachusetts. It was lowest in Mississippi, West Virginia, and Arkansas. Families with an annual income of 25,000 and 49,999 U.S. dollars made up the largest income bracket in America, with about 25.26 million households.

Data on median household income can be compared to statistics on personal income in the U.S. released by the Bureau of Economic Analysis. Personal income rose to around 21.8 trillion U.S. dollars in 2022, the highest value recorded. Personal income is a measure of the total income received by persons from all sources, while median household income is “the amount with divides the income distribution into two equal groups,” according to the U.S. Census Bureau. Half of the population in question lives above median income and half lives below. Though total personal income has increased in recent years, this wealth is not distributed throughout the population. In practical terms, income of most households has decreased. One additional statistic illustrates this disparity: for the lowest quintile of workers, mean household income has remained more or less steady for the past decade at about 13 to 16 thousand constant U.S. dollars annually. Meanwhile, income for the top five percent of workers has actually risen from about 285,000 U.S. dollars in 1990 to about 499,900 U.S. dollars in 2020.

Graph and download economic data for Personal Taxes: Other Taxes by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUOTHRTAXLB1504M) from 2014 to 2023 about percentile, tax, personal, income, and USA.

Graph and download economic data for Other Financial Information: Estimated Market Value of Owned Home by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXU800721LB1504M) from 2014 to 2023 about owned, market value, information, percentile, tax, financial, income, housing, estimate, and USA.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXU900000LB1504M) from 2014 to 2023 about percentile, salaries, tax, wages, income, and USA.

In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.

Graph and download economic data for Expenditures: Miscellaneous Household Equipment by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile) (CXUMISCHHEQLB1504M) from 2014 to 2023 about miscellaneous, percentile, tax, equipment, expenditures, households, income, and USA.