How many Americans make over $75,000?
How many Americans make over 75K? What percentage of Americans make over 75K? Only 12.2% of Americans make in the $75,000 to $99,999 range. An additional 15.3% make between $100,000 and $149,000.
In the United States, households earning $652,657 or more are considered to be in the top 1%. The 1% threshold however differs across states, ranging from as high as $953,000 to as low as $368,000.
| Bracket | Average annual wges |
|---|---|
| Top 0.1% | $3,212,486 |
| Top 1% | $823,763 |
| Top 5% | $342,987 |
| Top 10% | $173,176 |
| Income range | Number of people | Proportion (%) |
|---|---|---|
| At or below | ||
| $77,500 to $79,999 | 1,795,000 | 78.33 |
| $80,000 to $82,499 | 3,899,000 | 79.96 |
| $82,500 to $84,999 | 1,502,000 | 80.59 |
While people have different qualifications and different ideas of what constitutes a good salary, most would consider $75,000 per year to be good pay. Luckily, whether a person is just starting out in a new role or already has some experience, there are indeed many opportunities in this pay range.
Data source: U.S. Census Bureau (2023). Fifty percent of American households earn less than $75,000 per year. Just 37% of American households earn more than $100,000.
But new data shows they may find happiness earning far less. A salary of $94,696, on average, would make Americans happy, according to a new survey of over 1,200 people from Moneyzine.com. Earning a salary smaller than six figures isn't enough for everyone, though, especially in states with higher costs of living.
The top 10% of household incomes starts at $191,406, the top 5% at $290,406, and the top 1% at $867,436. Those are the nationwide numbers, but they also vary considerably if you account for other factors, such as age or location. Income is a key part of personal finance, but it's not all that matters.
The upper middle class is often defined as the top 15% to 20% of earners. According to the Social Security Administration's 2022 wage data, the average upper-middle-class income was roughly between $80,000 and $100,000.
Richest State in USA
New York is the richest state in the US, with a GDP per capita at $96,5k.
What income is middle class?
Middle class: The middle class is officially those whose earnings put them in the 40th to 60th percentile of household income. The income range is $55,001 to $89,744. Upper middle class: Anyone with earnings in the 60th to 80th percentile would be considered upper middle class.
The average median household income in the United States was $67,521, but most states range between $50,000—$90,000, with few outliers.
Your household size
Depending on the size of your family or household, an $80,000 salary may comfortably cover your living expenses. If other people in your household, such as children, depend on your income, consider how much it costs to pay for their living expenses in addition to your own.
Is 80,000 dollars a year poor, rich, or middle class? As an individual salary, this is upper middle class in most of the U.S., and would be rich in most of the world. In some places, obscenely wealthy.
62% of Americans are still living paycheck to paycheck, making it 'the main financial lifestyle,' report finds.
To be safe, a rule of thumb is that you should aim for 1/3 of your salary or less on rent. That will leave the appropriate amount for spending money, insurance, transportation, etc etc. So my suggestion is to look for $1263 per month or less.
What percentage of Americans make over 75K? Only 12.2% of Americans make in the $75,000 to $99,999 range. An additional 15.3% make between $100,000 and $149,000. The great percentage of Americans (16.5%) earn in the $50,000 to $74,999 range.
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.21 Using Pew's yardstick, middle income is made up of people who make between $43,350 and $130,000.7 This is a ...
According to the latest figures by the Bureau of Labor and Statistics, the average salary in USA per month is $6,228 or $74,738 per year.
So, if you have a salary of $75,000, you have a salary that is in the top 50 percent of all earners in the United States. With a salary of over $70,000, you are doing well and part of above-average earners in the United States.
What salary should I be making at my age?
Here are the key findings: Most Americans think money does buy happiness: 59% of Americans agree with this, and this shoots up to 67% of Gen Zers and 72% of millennials. Happiness is a six-figure salary: On average, Americans say they need $284,167 per year to be happy. Millennials are driving up the average.
How Much Income Do You Need to Be in the Top 20%? The real median household income in the U.S. is around $71,000, according to the latest Census Bureau data. In order to be in the top 20% of income, you'd need to earn nearly double that amount or an average of $130,545 per year.
| Age | Median Salary |
|---|---|
| 28 | $47,000.00 |
| 29 | $50,000.00 |
| 30 | $50,000.00 |
| 31 | $50,000.00 |
According to the U.S. Bureau of Labor Statistics, the median weekly earnings for full-time workers in the fourth quarter of 2022 was $1,085. This was measured based on the earnings of 118.8 million full-time wage and salary workers. This would roughly put the national average salary at about $56,420.
References
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