In December 2024, inflation amounted to 2.9 percent, while wages grew by 4.2 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

This statistic shows the average yearly wage growth in China from 2010 to 2021. As of 2021, the average wages in China increased by 9.7 percent compared to the previous year.

Wages In the Euro Area increased 4.10 percent in December of 2024 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Spain increased 3.52 percent in December of 2024 over the same month in the previous year. This dataset provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

In September 2022, average monthly earnings in France were 4.3 percent higher than in March 2021, however in the given period of time, inflation grew faster, with overall prices 6.8 percent higher in September 2022 than in March 2021. The minimum salary, also called SMIC, increased the most with an eight percent growth.

Wages in the United Kingdom increased 5.80 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the salary increase across India was 9.5 percent, a slight decline since last year. The salary increase in India was the highest among the Asia-Pacific countries. The salary growth is expected to stay the same in 2025 at 9.5 percent. Sectors driving growth Sectors like Pharmaceuticals, manufacturing, insurance, captives, and SSO are projecting above the general industry salary median for 2025. With its highly skilled talent pool, India’s global capability centers (GCCs) are driving the projected salary increases. Outlook The projected increase in salary in 2025 is expected to be similar to 2024. Cost management, inflation, fear of recession, and a tighter labor market are some factors leading to 2025 projections. 2023 witnessed the highest salary increase during the recorded period, with a 10 percent growth.

Canada Consumer Expectations: Wage Growth: Expected Wage Growth data was reported at 2.000 % in Sep 2021. This records a decrease from the previous number of 2.030 % for Jun 2021. Canada Consumer Expectations: Wage Growth: Expected Wage Growth data is updated quarterly, averaging 2.015 % from Dec 2014 (Median) to Sep 2021, with 28 observations. The data reached an all-time high of 2.490 % in Jun 2018 and a record low of 1.780 % in Mar 2016. Canada Consumer Expectations: Wage Growth: Expected Wage Growth data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H018: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: Wage growth expectations: By about what percent do you expect your earnings* to have increased (decreased) over the next 12 months? *Earnings refers to earnings in the same job, for the same hours worked, before taxes and deductions.

Graph and download economic data for Employment Cost Index: Wages and Salaries: Private Industry Workers (ECIWAG) from Q1 2001 to Q4 2024 about cost, ECI, salaries, workers, private industries, wages, private, employment, industry, inflation, indexes, and USA.

Austria AT: Wages Index data was reported at 128.285 2010=100 in 2021. This records an increase from the previous number of 126.132 2010=100 for 2020. Austria AT: Wages Index data is updated yearly, averaging 45.209 2010=100 from Dec 1949 (Median) to 2021, with 73 observations. The data reached an all-time high of 128.285 2010=100 in 2021 and a record low of 2.279 2010=100 in 1949. Austria AT: Wages Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Austria – Table AT.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

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.

Real wage development refers to the inflation-adjusted growth in wages, indicating the amount of goods and services individuals can purchase compared to the previous year. Over the observed period, the highest growth rate of real wages in Hungary was recorded in 2021, marking a 3.4 percent increase compared to the preceding year. However, according to the forecast of the European Commission, real wages are expected to register a negative growth rate in 2023, reaching a decrease of 1.5 percent.

Changes in consumer prices 

Hungary has recorded peaking inflation years over the past years, surpassing all EU countries. The change in consumer prices affected different commodity groups to a varying extent. As of August 2023, electricity, gas, and other fuels, as well as other goods such as motor fuels and lubricants recorded the highest inflation rates, reaching a year-over-year price increase of 35 and 20 percent, respectively. Over the same time period, food prices increased by 19.5 percent in the country.

How large is the gender pay gap in Hungary?  

The gender wage gap is the difference between the average gross hourly earnings of men and women across all sectors. Despite the significant steps taken toward achieving gender equality, there is still a major difference between the hourly earnings of Hungarian men and women. In 2021, men earned over 17 percent more than women working in Hungary, which represented a larger gender pay gap than the average of the European Union.

Wages in Netherlands increased 5.50 percent in February of 2025 over the same month in the previous year. This dataset provides - Netherlands Hourly Wage Growth YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Canada increased 5.80 percent in December of 2024 over the same month in the previous year. This dataset provides - Canada Average Weekly Earnings YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset illustrates the median household income in Egg Harbor, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 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 2021, the median household income for Egg Harbor increased by $14,167 (21.18%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/egg-harbor-wi-median-household-income-trend.jpeg" alt="Egg Harbor, WI median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 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

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 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 Egg Harbor median household income. You can refer the same here

Wages in Italy increased 3.80 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Italy Hourly Wage Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in European Union increased 4.10 percent in December of 2024 over the same month in the previous year. This dataset provides - European Union Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan Average Monthly Wages data was reported at 24,028.000 PKR in 2021. This records an increase from the previous number of 21,326.000 PKR for 2019. Pakistan Average Monthly Wages data is updated yearly, averaging 12,636.500 PKR from Jun 2008 (Median) to 2021, with 10 observations. The data reached an all-time high of 24,028.000 PKR in 2021 and a record low of 6,612.000 PKR in 2008. Pakistan Average Monthly Wages data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.G004: Average Monthly Wages: by Industry. No data for 2016-2017 as per source. Labour Force Survey has not been conducted for these two years due to Population Census.

Wages in Belgium increased 1.08 percent in September of 2024 over the same month in the previous year. This dataset provides - Belgium Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.