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Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. [1]
General minimum wage by territory, as of February 2023. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
Notably higher in 2024 than the BLS' CPI, which increased 2.4% year over year, PNC's index reflects wage growth in the service industry as the primary driver of the overall higher price tag.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above.
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
This is a list of the official minimum wage rates of the Top 10 cities with the largest economies in ASEAN. Some cities may have a complicated minimum wage system. For example, in Vietnam, both Ho Chi Minh City and Hanoi has 2 types of minimum wage rates.
It increased the territorial minimum wage from $7.25 to $10.50 per hour (or higher) by July 1, 2024, and created the Minimum Wage Review Commission within the Puerto Rico Department of Labor and Human Resources which was to review and increase the minimum wage yearly via decrees. If by July 1, 2024, the Minimum Wage Review Commission decides ...