The average salary in us: average household income in America country: According to statistics released by the US Bureau of Labor Statistics, the average income in the United States is rising. As of June 2018, the average American family income was $ 62,450.
According to Sentier Research, this figure is 0.4% higher than the estimated income of US households. In general, the US Census Bureau will closely monitor the average income of Americans during the year.
This research helps the government understand if part of the population is below the poverty line and if incomes are higher.
Report average income:
The US Census Bureau reported three different types of average American income.
Average household income: This is the most complicated calculation. Average household income is calculated based on the total amount earned by all persons living under the same roof for one year. The calculation does not consider whether these people live as families, couples or individuals.
Average household income: As the name suggests, the US Census Bureau calculates average household income by two or more persons who are related and live in the same residence or family. This relationship may be based on birth, marriage, kinship or adoption. The average household income is considered the most important because it determines the number of people affected by poverty and the government must take steps to alleviate their suffering.
Personal Income: Also known as per capita income / per capita income, this income is the income of people aged 15 and over. It is the reference of the US Census Bureau to calculate the average income of any country, place, education and other parameters.
Average race income:
The Bureau of Labor Statistics is another effective way to determine average income or average wages in the United States.
BLS regularly publishes economic press releases online, listing members of all ethnic groups living in the United States – women or men – how much to win.
Interestingly, Asian women and men have the highest average wages in the United States.
Average Salary in US or median income of Asian men aged 25 to 54 is $ 1,334.
Asian women of the same age group earn about $ 964 a week.
According to the BLS report released in July 2018, white Americans and Latin Americans or Hispanics ranked second and third, respectively.
Average Income by State (Hourly):
The European Statista website contains excellent data on the highest hourly income for Americans.
The DC Zone has a maximum hourly rate of $ 12.50.
Washington State ranks second at $ 11.50 an hour.
Massachusetts and California rank third, with hourly wages of up to $ 11.
Other states with higher average hourly earnings in the United States include Arizona and Vermont, $ 10.50 for New York dollars and $ 10.25 for Oregon dollars.
The Statista report also pointed out that the highest number of minimum wage earners in 2016 was high school graduates who did not pursue a university education, followed by the men’s or women’s baccalaureate or higher.
The average of other states is $ 10.50 and $ 10.40 in Oregon.
The Statista report also indicated that the highest minimum wage in 2016 was for high school graduates without a university degree, followed by men and women with a bachelor’s degree or above.
In most US states, the federal minimum wage is $ 7.25 per hour.
Shocking detail of ‘Average Salary in US’.
The US Census Bureau, in collaboration with the Bureau of Labor Statistics, regularly publishes current population surveys listing various facts and figures about Americans.
This includes Personal Income Supplements (PINC).
The PINC-2 published by the US Census Bureau and the Bureau of Labor Statistics contains shocking figures on the average salary in the United States.
- About 70.30% of Americans earn less than $ 50,000 a year.
- About 14% of US residents earn between $ 50,001 and $ 75,000 a year.
- Nearly 6.5% of Americans earn between $ 75,001 and $ 100,000 a year.
- About 9.1% of the US population earns $ 100,000 or more each year.
These figures represent 90.8% of Americans whose annual income is less than $ 100,000 a year.
Average income and poverty in the United States:
According to the US Census Bureau, about 40 million people in the United States live below the poverty line.
Nearly 84% of the poor are born in the United States and about 11% are illegal immigrants.
Unfortunately, 56% of the poor Americans are women, 67% of whom are white.
The average annual income of a person living below the poverty line in the United States is tied to $ 12,572 per year in 2017 compared to those under 65.
In the over-65 age group, the average minimum income for individuals living alone is $ 11,750 per year.
It is said that the poorest are single parents. Adults live with one child and have an annual income of $ 16,830, which is the poverty line.
Similarly, the average salary of a single parent of $ 19,800 is considered to be below the poverty line.
Education & Average Salary in US:
Among Asians, the average education income in the United States is also the highest.
According to the US Census Bureau, an Asian woman or man with a Ph.D. degree between 25 and 64 has an average annual income of $ 91,430.
In contrast, white men or women with similar or equivalent qualifications have an average annual salary of $ 77,906.
The African-American latency rate is slightly lower at $ 73,265 a year.
Among the lowest average incomes in the United States, Asian women and men aged 25 and over have completed high school.
They earn $ 22,380 a year.
The situation of African-American women and men in the same age group is slightly better: their average annual salary is $ 22,940.
Lagging Average Salaries in America:
The famous New York Times daily analysis of February 2018 identified several reasons why the US minimum wage stagnated. These include
- Low productivity
- Do not want to work part-time or work overtime
- Reduced competition
- Minimum wage late
- Dissolution of the union
- Globalization and automation
Factors Affecting Average Income in America:
Of course, many factors affect the average income of the United States. These include
- The volatility of world oil prices and its impact on the US economy
- Fed interest rate changes
- Various reasons lead to a decrease in the employment rate
- Failure to encourage women to participate in the US economy
The global currency crisis, political scenarios, US military involvement in foreign military conflicts and various other factors also affect the average US wage.
Average Income of America’s Freelancers:
Although the “Average Salary in US” has increased slightly during the year, it remains stagnant relative to inflation and freelancers in the country are doing field visits.
According to Payscale, the average freelancer in the United States earns about $ 22.84 an hour.
Of course, freelancers who work in the professional field earn more.
The United States is home to the world’s largest freelancer: more than 57.3 million women and men are freelancers, according to the 2017 Upwork study.
The study showed that by 2027, the majority of the American workforce will be freelancers.
This means that the average salary of those who participate in the performance economy in the United States will be higher.
In addition, as property costs continue to rise, companies avoid renting offices and start working at home in the United States.
Crowdsourcing and the hiring of part-time employees are also increasing, as the system offers employers greater flexibility and workers’ incomes are higher.
Various debates on the Average Salary in US and the minimum wage in the United States are continuing. Some states have proposed legislation to raise the minimum wage. Unfortunately, the system is obsolete because people are choosing to reduce their hours of work.
Although the average salary in the United States continues to increase slightly, their impact on the American way of life may not be significant.
Although the federal government has set a minimum hourly wage, the United States is still struggling to fight poverty.
Another interesting factor in the average income of the United States is that the eight states with the highest household income are located in the northeastern part of the country.
Maryland’s US households have the highest average income and Mississippi households have the lowest incomes, according to statistics released by the US Census Bureau.