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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.)
This is the map and list of American countries by monthly net (after taxes) average wage. The chart below reflects the average (mean) wage as reported by various data providers. The salary distribution is right-skewed, therefore more than 50% of people earn less than the average
The national average salary (or national average wage) is the mean salary for the working population of a nation. It is calculated by summing all the annual salaries of all persons in work (surveyed) and dividing the total by the number of workers (surveyed). [ 1 ]
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]
While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s. [7] [8] Household income, however, has risen due to the increasing number of households with more than one income earner and women's increased presence in the labor force. [9]
Accessed November 21, 2024. Economic, Housing and Mortgage Market Outlook – October 2024, Freddie Mac. Accessed October 22, 2024. Primary Mortgage Market Survey, Freddie Mac. Accessed November ...
The current average rate for a 30-year fixed mortgage is 6.78% for purchase and 6.75% for refinance, a drop of 13 basis points from 6.91% for purchase and 17 basis points from 6.92% for refinance ...
As a reference point, the US minimum wage since 2009 has been $7.25 per hour or $15,080 for the 2080 hours in a typical work year. The minimum wage is approximately 25% over the official U.S. government-designated poverty income level for a single person unit (before taxes) and about 63% of the designated poverty level for a family of four ...