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While those with some college averaged $31,046, those with a bachelor's degree averaged $51,194, over $20,000 (64.9%) a year more. [3] The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more.
Let’s take a closer look at the average salary by education level to see what dividends education pays.
For example, the 2013-15 American Community Survey reported median incomes for workers aged 25–34 ranging from $24,030 for bachelor's degrees in arts and humanities, to $68,143 for bachelor's degrees in engineering. [13]
Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree; Persons, age 25+ w/ earnings* $46,985: $25,162 ...
The average annual average salary in the U.S. is $63,795. The median annual salary, which is often less skewed by outlying numbers, is $59,384. It's worth noting that average and median salaries ...
This would roughly put the national average salary at about $56,420. National Average US Salary: Key Points Approximately 35% of U.S. households make over $100,000 per year, as reported by IBISWorld.
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.)
However, even those with a mathematics and statistics bachelor’s degree secured positions with salaries over $76,000. The 10 master’s degrees with the highest average starting salaries 1.