Since 1970, net national incomes per capita have grown in each region of the world. North America has experienced the largest increase, growing from nearly 4,500 U.S. dollars per capita in 1970 to $57,300 per capita in 2021. Europe and Central Asia follow behind North America, growing from 1,200 dollars per capita in 1970 to 22,000 in 2021. Other regions such as Sub-Saharan Africa, the Middle East and North Africa, Latin America and the Caribbean, and South Asia have not grown as high, but their growth is still significant, with net national incomes per capita in 2021 growing to between 10 and 20 times their 1970 levels.

In 2023, the usual median hourly rate of a worker's wage in the United States was 19.24 U.S. dollars, a decrease from the previous year. Dollar value is based on 2023 U.S. dollars. In 1979, the median hourly earnings in the U.S. was 17.48 dollars.

This statistic shows the median household income in the United States from 1970 to 2020, by income tier. In 2020, the median household income for the middle class stood at 90,131 U.S. dollars, which was approximately a 50 percent increase from 1970. However, the median income of upper income households in the U.S. increased by almost 70 percent compared to 1970.

Wages in Panama increased to 1288 PAB/Month in 2023 from 1275 PAB/Month in 2022. This dataset provides - Panama Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Median Personal Income in the United States (MEPAINUSA672N) from 1974 to 2023 about personal income, personal, median, income, real, and USA.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

Graph and download economic data for Real Median Household Income in New York (MEHOINUSNYA672N) from 1984 to 2023 about NY, households, median, income, real, and USA.

In 2023, the median hourly earnings of wage and salary workers in the United States was 19.24 U.S. dollars. This is an increase from 1979, when median hourly earnings were at 4.44 U.S. dollars. Hourly Workers The United States national minimum wage is 7.25 U.S. dollars per hour, which has been the minimum wage since 2009. However, each state has the agency to set their state minimum wage. Furthermore, some cities are able to create their minimum wage. Many argue that the minimum wage is too low and should be raised, because it is not considered a living wage. There has been a movement to raise the minimum wage to 15 U.S. dollars per hour, called “Fight for 15” which began in the early 2010s. While there has been no movement at the federal level, some states have moved to increase their minimum wages, with at least three states and the District of Columbia setting minimum wage rates at or above 15 dollars per hour. More recently, some proponents of increasing the minimum wage say that 15 dollars is too low, and lawmakers should strive toward a higher goal, especially given that a 2021 analysis found that the minimum wage in the U.S. should be 22.88 U.S. dollars if it grew at the same rate as economic productivity. Salary Workers On the other hand, salary workers in the United States do not get paid on an hourly basis. The median weekly earnings of salary workers have significantly increased since 1979. Asian salary workers had the highest hourly earnings in the U.S. in 2021. Among female salary workers, those ages 45 to 54 years old had the highest median hourly earnings in 2021, likewise for male salary workers.

VITAL SIGNS INDICATOR Income (EC4)

FULL MEASURE NAME Household income by place of residence

LAST UPDATED May 2019

DESCRIPTION Income reflects the median earnings of individuals and households from employment, as well as the income distribution by quintile. Income data highlight how employees are being compensated for their work on an inflation-adjusted basis.

DATA SOURCE U.S. Census Bureau: Decennial Census Count 4Pb (1970) Form STF3 (1980-1990) Form SF3a (2000) https://nhgis.org U.S. Census Bureau: American Community Survey Form B19013 (2006-2017; place of residence) http://api.census.gov Bureau of Labor Statistics: Consumer Price Index All Urban Consumers Data Table (1970-2017; specific to each metro area) http://data.bls.gov

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Income data reported in a given year reflects the income earned in the prior year (decennial Census) or in the prior 12 months (American Community Survey); note that this inconsistency has a minor effect on historical comparisons (for more information, go to: http://www.census.gov/acs/www/Downloads/methodology/ASA_nelson.pdf).

American Community Survey 1-year data is used for larger geographies – metropolitan areas and counties – while smaller geographies rely upon 5-year rolling average data due to their smaller sample sizes. Quintile income for 1970-2000 is imputed from Decennial Census data using methodology from the California Department of Finance (for more information, go to: http://www.dof.ca.gov/Forecasting/Demographics/Census_Data_Center_Network/documents/How_to_Recalculate_a_Median.pdf).

Bay Area income is the population weighted average of county-level income. Income has been inflated using the Consumer Price Index specific to each metro area; however, some metro areas lack metro-specific CPI data back to 1970 and therefore adjusted data is unavailable for some historical data points. Note that current MSA boundaries were used for historical comparison by identifying counties included in today’s metro areas.

Graph and download economic data for Median Family Income in the United States (MEFAINUSA646N) from 1953 to 2023 about family, median, income, and USA.

VITAL SIGNS INDICATOR
Income (EC4)

FULL MEASURE NAME
Household income by place of residence

LAST UPDATED
January 2023

DESCRIPTION
Income reflects the median earnings of individuals and households from employment, as well as the income distribution by quintile. Income data highlight how employees are being compensated for their work on an inflation-adjusted basis.

DATA SOURCE
U.S. Census Bureau: Decennial Census - https://nhgis.org
Count 4Pb (1970)
Form STF3 (1980-1990)
Form SF3a (2000)

U.S. Census Bureau: American Community Survey - https://data.census.gov/
Form B19001 (2005-2021; household income by place of residence)
Form B19013 (2005-2021; median household income by place of residence)
Form B08521 (2005-2021; median worker earnings by place of employment)

Bureau of Labor Statistics: Consumer Price Index - https://www.bls.gov/data/
1970-2021

CONTACT INFORMATION
vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Income derived from the decennial Census data reflects the income earned in the prior calendar year, whereas income derived from the American Community Survey (ACS) data reflects the prior 12 month period; note that this inconsistency has a minor effect on historical comparisons (see Income and Earnings Data section of the ACS General Handbook - https://www.census.gov/content/dam/Census/library/publications/2020/acs/acs_general_handbook_2020_ch09.pdf). ACS 1-year data is used for larger geographies – Bay counties and most metropolitan area counties – while smaller geographies rely upon 5-year rolling average data due to their smaller sample sizes. Note that 2020 data uses the 5-year estimates because the ACS did not collect 1-year data for 2020.

Quintile income for 1970-2000 is imputed from decennial Census data using methodology from the California Department of Finance. Bay Area income is the population weighted average of county-level income.

Income has been inflated using the Consumer Price Index (CPI) for 2021 specific to each metro area; however, some metro areas lack metro-specific CPI data back to 1970 and therefore adjusted data uses national CPI for 1970. Note that current MSA boundaries were used for historical comparison by identifying counties included in today’s metro areas.

United States US: Price to Income Ratio: sa data was reported at 130.087 2015=100 in 2024. This records an increase from the previous number of 128.571 2015=100 for 2023. United States US: Price to Income Ratio: sa data is updated yearly, averaging 113.539 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 132.929 2015=100 in 1979 and a record low of 90.287 2015=100 in 2012. United States US: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

Aim of the study is to render the income distribution and income stratification in the Federal Republic of Germany (FRG) form 1950 to 1970.

Topics: Tabulations in Online-Database HISTAT (Historical Statistics):

A. Synopses A.01 Sources of liquid income in percent (1950-1970) A.02 Personal income distribution in percent (1950-1970) A.03 Distribution of household-income in percent (1950-1970) A.04 Average income per household on social position of head of the household, Index (1950-1970) A.05 Distribution of private households on incomg-groups (1950-1970) A.06 Distribution of private households on size of household and incomg-group (1950-1970) A.07 Average yearly income per household in DM (1950-1970) A.08 Distribution of private households on number of persons receiving income and on income groups (1950-1970)

B. Development of functional and personal income B.01a Private households on household size and social position of head of the household in FRG in thousand (1950-1970) B.01b Private households on social position of head of the household and on income-receive in FRG in thousand (1950-1970) B.02 Development of household income in FRG in billions DM (1950-1970) B.03a Net-total income of the entire private households in the FRG im billions DM (1950-1970) B.03b Net-average income of the entire privat households in the FRG in DM (1950-1970)

C. Number of Net-income of private households C.01a Number of net-income of the entire private households in the FRG on income groups (1950-1970) C.01b Number of net-income of Self-Employed households in the FRG on income groups (1950-1970) C.01c Number of net-income of white-collar worker households in the FRG on income groups (1950-1970) C.01d Number of net-income of blue-collar worker households in the FRG on income groups (1950-1970) C.01e Number of net-income of retiree households in the FRG on income groups (1950-1970) C.02 Number of Households in the FRG on constant income groups in thousand (1950-1970) C.03 Net-annuity of housholds in the FRG on constant income groups in billions DM (1950-1970)

Z. Compendious statistical value schedules (1950-1985) Z.01 Statistical values of stratification of private household´s net-annuity and of families´ net-annuity on social groups (1950-1985) Z.02 Average monthly household income on social groups (1950-1974)

This statistic shows the change in the median household income per decade in the United States from 1970 to 2014, by income tier. Between 1990 and 2000, the median household income for the middle class increased by 12 percent.

This study defined middle class income households as those with an income between 67 and 200 percent of the U.S. median household income, after adjustment for household size. In 2014, the middle class income ranged from about 42,000 U.S. dollars to about 126,000 U.S. dollars per year for a three-person household.

Wages in Taiwan increased to 113846 TWD/Month in January from 61203 TWD/Month in December of 2024. This dataset provides - Taiwan Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Net national incomes have grown globally, growing from 694 U.S. dollars in 1970 to 9,750 in 2021. Much of this growth can be attributed to improvements in overall global development, as economies in developing countries have grown rapidly. Net national incomes grew steadily from the 1970s to the 2000s, and then experienced a sharper increase during the 2000s until the Great Recession, falling slightly in 2008.

Malaysia HIBAS: Monthly Gross Income: Mean: Negeri Sembilan data was reported at 5,887.000 MYR in 2016. This records an increase from the previous number of 5,271.000 MYR for 2014. Malaysia HIBAS: Monthly Gross Income: Mean: Negeri Sembilan data is updated yearly, averaging 2,051.000 MYR from Dec 1970 (Median) to 2016, with 18 observations. The data reached an all-time high of 5,887.000 MYR in 2016 and a record low of 286.000 MYR in 1970. Malaysia HIBAS: Monthly Gross Income: Mean: Negeri Sembilan data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.H031: Household Income and Basic Amenities Survey: Monthly Gross Income: Median and Mean: by State.

Graph and download economic data for State Minimum Wage Rate for Ohio (STTMINWGOH) from 1968 to 2025 about minimum wage, OH, wages, rate, and USA.