Estimates do not include self-employed workers. The smaller the relative standard error, the more precise the estimate. Menu Search button Search:. May National Occupational Employment and Wage Estimates United States These estimates are calculated with data collected from employers in all industry sectors in metropolitan and nonmetropolitan areas in every state and the District of Columbia.
Business and Financial Operations Occupations. In addition, you can use a cost-of-living calculator to determine how much it actually costs to live in a specific location. Understanding the average salaries in your profession and the cost of living in any given area will provide you with the facts you need whenever you are considering applying for a new job or moving to a different geographical region.
Zippia has an interactive tool you can use to see how your earnings compare to other people the same age, sex, and education level. Glassdoor's Know Your Worth tool provides a free, personalized salary estimate based on the current job market. Provide information about your company, job title, location, and years of experience. The tool will then tell you if you are being paid below or above your market value. Indeed Salary Search lets you search salaries by job title and compare salaries for similar jobs at different companies and different locations.
The tool also provides information on typical benefits, plus career advice and job listings. LinkedIn Salary is a calculator that provides the median salary for jobs in specific locations throughout the U. It shows the median base salary as well as the median total compensation including benefits, bonuses, and more. You can narrow your search by location, industry, years of experience, and more.
The calculator will show you the difference in cost of living as well as the amount you would need to make in the new location to maintain your current standard of living.
You can narrow your search by location, years of experience, and more. You can also get information about average benefits. You can then compare your package to industry averages. You can also get information about typical benefits and see factors that affect your pay. Bureau of Labor Statistics. Indeed Hiring Lab. Actively scan device characteristics for identification. Use precise geolocation data.
Select personalised content. Create a personalised content profile. Measure ad performance. Other highest paying jobs also belong to the medical fields. Source: Credit Suisse.
Income inequality is closely linked to the racial divide in the United States, according to national average pay stats. Poverty is most acute among black Americans and the Hispanic communities. In , about According to the Urban Institute projections as of June 30, , the COVID pandemic response policies may reduce the poverty rates amongst all ethnic groups. Black Americans may have a poverty rate of Hispanics may show a Among white people, the estimated poverty rate may be 6.
Source: Urban. Let me add some more numbers to emphasize income inequality in the US. Source: EPI. This fact further emphasizes the scenario of income inequality in the US. Below, you will see more about the median household income for each US state, for , based on data compiled by the US Census Bureau:. The following chart, based on the data provided by Statista, helps paint a better picture of how income is distributed in the United States according to the percentage of households holding specific income brackets:.
The US has been dealing with an income inequality problem for years, given that the highest earners tend to have a considerably larger income when compared to most individuals. Therefore, in practice, you can expect significant differences for all income categories, including the average retirement income, average white-collar income, and average blue-collar income.
Before anything else, it is important to point out the fact that the numbers that we are about to mention refer strictly to the income of one individual, thus completely disregarding the income of their family or the income of the household. It is important to mention that this is a slight increase when compared to the previous years, thus illustrating that. Americans are currently earning higher salaries.
It is certainly interesting to compare this to the cost of living. As such, studies are currently being carried out to determine whether the latest increase in the US median income has led to higher prices as well.
The following table will give readers more insight into how the real US median income has changed for households since Source : Statista. Numerous factors have either a direct or indirect impact on the average income of Americans. As you might expect, some jobs pay more, whereas some pay less. For instance, information technology IT generally offers higher salaries than other popular domains. Therefore, there are industry averages for each niche of work. Source: Payscale , Payscale.
Despite this aspect, people living in expensive areas, such as San Francisco or New York, can generally expect a higher income since it is mandatory when ensuring that employees can sustain their lifestyle.
Therefore, the average wage in the US is considerably lower when compared to these high-income areas. Higher prices lead to higher salaries, according to economic laws, yet a higher salary in a high-income location will not generally buy you a better quality of life, given the high prices for all products and services. This helps us better understand the average income in the USA compared to the rest of the world. Source: Statista.
Experience and skill are some of the best-known factors that influence national income averages.
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