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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 .
List of countries by average wage; List of American countries by average wage; List of European countries by average wage; One-dollar salary; The average salary in India in 2020. U.S. average salaries by sector
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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]
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
On average, physicians in the US work 55 hours each week and earn a salary of $270,000, although work hours and compensation vary by specialty. [ 6 ] 25% of physicians work more than 60 hours per week.