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.

In 2023, around 10.3 percent of U.S. private households had an annual income between 35,000 and 49,999 U.S. dollars in the United States. Income levels between 100,000 to 149,999 U.S. dollars made up the largest share of the population at 16.5 percent in 2023.

Graph and download economic data for Household Count in the 99th to 99.9th Wealth Percentiles (WFRBL99T999308) from Q3 1989 to Q4 2024 about wealth, percentile, households, and USA.

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 Income Before Taxes: Income Before Taxes by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXUINCBEFTXLB1511M) from 2014 to 2023 about percentile, tax, income, and USA.

Approximately 8.8 percent of U.S. families had an annual income of between 35,000 and 49,999 U.S. dollars in 2023. A further 19.7 percent of families in the United States had an annual income between 100,000 and 149,999 U.S. dollars.

This layer contains 2010-2014 American Community Survey (ACS) 5-year data, and contains estimates and margins of error. The layer shows household income ranges and cutoffs. This is shown by tract, county, and state boundaries. There are also additional calculated attributes related to this topic, which can be mapped or used within analysis. This layer is symbolized to show the percentage of households that make under $75,000 annually. To see the full list of attributes available in this service, go to the "Data" tab, and choose "Fields" at the top right. Vintage: 2010-2014ACS Table(s): B19001 Data downloaded from: Census Bureau's API for American Community Survey Date of API call: November 28, 2020National Figures: data.census.govThe United States Census Bureau's American Community Survey (ACS):About the SurveyGeography & ACSTechnical DocumentationNews & UpdatesThis ready-to-use layer can be used within ArcGIS Pro, ArcGIS Online, its configurable apps, dashboards, Story Maps, custom apps, and mobile apps. Data can also be exported for offline workflows. For more information about ACS layers, visit the FAQ. Please cite the Census and ACS when using this data.Data Note from the Census:Data are based on a sample and are subject to sampling variability. The degree of uncertainty for an estimate arising from sampling variability is represented through the use of a margin of error. The value shown here is the 90 percent margin of error. The margin of error can be interpreted as providing a 90 percent probability that the interval defined by the estimate minus the margin of error and the estimate plus the margin of error (the lower and upper confidence bounds) contains the true value. In addition to sampling variability, the ACS estimates are subject to nonsampling error (for a discussion of nonsampling variability, see Accuracy of the Data). The effect of nonsampling error is not represented in these tables.Data Processing Notes:This layer has associated layers containing the most recent ACS data available by the U.S. Census Bureau. Click here to learn more about ACS data releases and click here for the associated boundaries layer. The reason this data is 5+ years different from the most recent vintage is due to the overlapping of survey years. It is recommended by the U.S. Census Bureau to compare non-overlapping datasets.Boundaries come from the US Census TIGER geodatabases. Boundary vintage (2014) appropriately matches the data vintage as specified by the Census. These are Census boundaries with water and/or coastlines clipped for cartographic purposes. For census tracts, the water cutouts are derived from a subset of the 2010 AWATER (Area Water) boundaries offered by TIGER. For state and county boundaries, the water and coastlines are derived from the coastlines of the 500k TIGER Cartographic Boundary Shapefiles. The original AWATER and ALAND fields are still available as attributes within the data table (units are square meters). The States layer contains 52 records - all US states, Washington D.C., and Puerto RicoCensus tracts with no population that occur in areas of water, such as oceans, are removed from this data service (Census Tracts beginning with 99).Percentages and derived counts, and associated margins of error, are calculated values (that can be identified by the "_calc_" stub in the field name), and abide by the specifications defined by the American Community Survey.Field alias names were created based on the Table Shells file available from the American Community Survey Summary File Documentation page.Negative values (e.g., -4444...) have been set to null, with the exception of -5555... which has been set to zero. These negative values exist in the raw API data to indicate the following situations:The margin of error column indicates that either no sample observations or too few sample observations were available to compute a standard error and thus the margin of error. A statistical test is not appropriate.Either no sample observations or too few sample observations were available to compute an estimate, or a ratio of medians cannot be calculated because one or both of the median estimates falls in the lowest interval or upper interval of an open-ended distribution.The median falls in the lowest interval of an open-ended distribution, or in the upper interval of an open-ended distribution. A statistical test is not appropriate.The estimate is controlled. A statistical test for sampling variability is not appropriate.The data for this geographic area cannot be displayed because the number of sample cases is too small.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXU900000LB0102M) from 1984 to 2023 about percentile, salaries, tax, wages, income, and USA.

About this dataset

Context

The dataset illustrates the median household income in Ottawa County, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Ottawa County increased by $9,739 (12.58%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 9 years and declined for 4 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Ottawa County median household income. You can refer the same here

Graph and download economic data for Expenditures: Household Furnishings and Equipment by Quintiles of Income Before Taxes: Third 20 Percent (41st to 60th Percentile) (CXUHHFURNSHLB0104M) from 1984 to 2023 about furniture, percentile, tax, equipment, expenditures, households, income, and USA.

SCE: Household Spending Growth Expectation: 1 Year Ahead: 25th Percentile Point Prediction data was reported at 1.615 % in Feb 2025. This records an increase from the previous number of 0.009 % for Jan 2025. SCE: Household Spending Growth Expectation: 1 Year Ahead: 25th Percentile Point Prediction data is updated monthly, averaging 0.966 % from Jun 2013 (Median) to Feb 2025, with 141 observations. The data reached an all-time high of 3.131 % in Apr 2022 and a record low of -3.890 % in Apr 2020. SCE: Household Spending Growth Expectation: 1 Year Ahead: 25th Percentile Point Prediction data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H076: Survey of Consumer Expectations: Household Income and Spending.

Graph and download economic data for Expenditures: Total Average Annual Expenditures by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXUTOTALEXPLB0102M) from 1984 to 2023 about percentile, tax, average, expenditures, income, and USA.

Graph and download economic data for Expenditures: Other Household Expenses by Deciles of Income Before Taxes: Fifth 10 Percent (41st to 50th Percentile) (CXUHHOTHXPNLB1506M) from 2014 to 2023 about percentile, tax, expenditures, households, income, and USA.

Graph and download economic data for Household Count in the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1310) from Q3 1989 to Q4 2024 about wealth, percentile, households, and USA.

In 2023, the median household income in Utah amounted to 101,200 U.S. dollars. This is an increase from the previous year, when the median household income in the state amounted to 95,800 U.S. dollars. The median household income for the United States may be accessed here.

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

In 2020, the average tax rate of the top 10 percent of earners in the United States stood at 20.3 percent. For the top one percent of earners, the average tax rate stood at 25.99 percent, and for all taxpayers, the average tax rate was 13.63 percent.

Graph and download economic data for Expenditures: Other Household Products by Deciles of Income Before Taxes: Ninth 10 Percent (81st to 90th Percentile) (CXUHKPGOTHRLB1510M) from 2014 to 2023 about percentile, tax, expenditures, households, income, and USA.

Graph and download economic data for Other Financial Information: Estimated Market Value of Owned Home by Deciles of Income Before Taxes: Fifth 10 Percent (41st to 50th Percentile) (CXU800721LB1506M) from 2014 to 2023 about owned, market value, information, percentile, tax, financial, income, housing, estimate, and USA.

Graph and download economic data for Income After Taxes: Income After Taxes by Quintiles of Income Before Taxes: Second 20 Percent (21st to 40th Percentile) (CXUINCAFTTXLB0103M) from 1984 to 2023 about percentile, tax, income, and USA.