While the non-Hispanic/Latino White population is by far the highest in the U.S., at 60%, this group doesn’t earn the highest income. Today, that gap has shrunk by over 20 percentage points, with the average woman earning $916 per week and the average man earning $1,100. That’s the difference between an average of $408 per week for men, compared to $251 for women. In 1979, the average woman earned only 61.5% of a man’s weekly earnings. This is by far the worst disparity in income between men and women. The average self-employed man earns $61,091 per year, while the average self-employed woman earns only $36,995 per year. There’s a huge gap between male and female business owners, with men earning 40% more than their female counterparts. Fortunately, those in younger generations do have a noticeably smaller gap, with women between the ages of 25 to 34 earning 93 cents for every dollar a man makes. While this 2020 number is lower than the 77% cited a few years prior, there is still a considerable gap between men and women. However, even in similar fields with similar qualifications, women earn 84% of what men earn. Of course, it’s important to keep in mind that these average incomes are based on all workers across all industries, meaning that the demographic abundance of female workers in a lower-income industry or the abundance of male workers in a higher-income industry can easily skew these averages. That’s a difference of around $8,000, which is significant. In the United States, the average woman earns a median income of $42,238, while her male counterpart earns $52,004. While there are many factors that go into income differences between men and women, including industry preferences, work-life-balances choices, and more, the fact is that the average female worker still makes less than the average male worker. Unless you’ve been living on a remote island in the Pacific, you’ve likely heard of the gender pay gap and other workplace controversies related to gender. household income is $61,937.įor further analysis, we broke down the data in the following ways:ĭemographics | Real Wage | Poverty | Bracket | Trends and Predictions | State The average American annual real wage was $67,521 in 2020. While the average American income depends heavily on the industry, field, and experience, you might be surprised to learn how your income stacks up against the rest of the country. But given different life situations and perceptions of wealth, there's a good chance not everyone who feels middle class actually is, and vice-versa.Research Summary. And statistically speaking, they could all be correct. The poll does not define "middle class" for respondents but simply asks how they identify.Īs of April 2022, 52% of adults consider themselves to be middle- or upper-middle class. adult population has consistently identified as middle- or upper-middle class since 2002, according to Gallup polling. Generally speaking, anyone who isn't living "paycheck-to-paycheck," but couldn't necessarily stop working tomorrow and be financially secure for the long term, might consider themselves to be in the middle class.Īt least half of the U.S. metros:īecause there is no official way to determine class, this breakdown is based on just one of many statistical-based definitions of the middle class. Here are the income thresholds for the middle class in the 20 most populous U.S. Prior to that, the percentage of middle-class Americans had been consistently shrinking since a peak of 61% in 1971. The latest data from 2021 shows the share of the population in the middle class continues to hover around 50% - roughly where it has been since 2011. However, other factors like family size and location can change what the middle class looks like.Īccording to Pew, the middle class has been shrinking throughout the last five decades as more Americans have entered either the upper or lower income brackets. This means that American households earning between $47,189 and $141,568 are technically in the country's middle class. Pew defines the American middle class as anyone earning between two-thirds and twice the country's median household income, which was $70,784 in 2021, according to the United States Census Bureau. What is the average middle-class income in the U.S.? Sign up for NBC South Florida newsletters. Get South Florida local news, weather forecasts and entertainment stories to your inbox.
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