How much does the average 27 year old make?

$50,299 What is the average income by age in the United States? Age Average Income 26 $47,873 27 $50,299 28 $54,221 29 $54,719 56 more rows

dqydj.com - Average Income by Age, Median, Top & Percentiles - DQYDJ

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In this post are United States individual income brackets by age for 2022. You'll also find average income by age, median, and top 1% by age. Individual incomes here are limited to Americans who worked (or wanted to work) in full-year 2021. Incomes are gross (pre-tax) – and earned between January and December 2021. If you missed them: we also have research on household incomes and individual incomes.

Individual Income Benchmarks by Age in 2022

Age is an excellent way to break down income comparisons – it's a great quick proxy for experience. While it's not always true, generally older folks will have more experience in a given field. (Of course, you can think of the exceptions: career switching, job loss, and so on.) And – like with other breakdowns of the population – the best summary statistics of income are:

Median income

Average income

Top 1% income

What is the median individual income by age in the United States?

These are the median incomes by age for 2022 in the United States for some selected ages:

Age 25: $35,000.00

$35,000.00 Age 35: $52,776.00

$52,776.00 Age 45: $57,000.00

$57,000.00 Age 55: $55,000.00

$55,000.00 Age 65: $58,000.00

This following table has every age (well, from 16-75) plus median income in 2022 in the United States: Age Median Income 16 $2,000 17 $3,013 18 $6,000 19 $11,515 20 $16,479 21 $20,000 22 $20,000 23 $25,000 24 $30,000 25 $35,000 26 $38,000 27 $41,001 28 $42,002 29 $45,000 30 $45,003 31 $45,704 32 $48,002 33 $49,000 34 $50,000 35 $52,776 36 $52,010 37 $52,103 38 $52,000 39 $53,100 40 $54,896 41 $53,119 42 $56,000 43 $55,100 44 $58,000 45 $57,000 46 $55,950 47 $60,000 48 $56,875 49 $58,301 50 $55,002 51 $60,001 52 $55,884 53 $60,000 54 $56,022 55 $55,000 56 $55,350 57 $52,000 58 $55,000 59 $50,033 60 $57,000 61 $56,438 62 $54,001 63 $59,801 64 $55,650 65 $58,000 66 $55,028 67 $59,830 68 $60,028 69 $60,082 70 $54,800 71 $54,953 72 $53,340 73 $60,792 74 $50,100 75 $53,432

What is the average income by age in the United States?

Here are the 2022 average incomes by age for age 25 and ten year intervals:

Age 25: $42,943.11

$42,943.11 Age 35: $71,388.71

$71,388.71 Age 45: $81,303.94

$81,303.94 Age 55: $83,291.85

$83,291.85 Age 65: $82,909.61

This table has every age (16-75) plus average income in 2022:

Age Average Income 16 $5,785 17 $7,761 18 $10,754 19 $15,640 20 $19,526 21 $22,364 22 $24,706 23 $30,118 24 $36,054 25 $42,943 26 $47,873 27 $50,299 28 $54,221 29 $54,719 30 $59,819 31 $57,537 32 $63,165 33 $62,047 34 $66,313 35 $71,389 36 $71,346 37 $69,505 38 $74,890 39 $74,456 40 $71,525 41 $75,907 42 $81,285 43 $79,293 44 $79,303 45 $81,304 46 $79,092 47 $82,043 48 $80,901 49 $81,243 50 $77,529 51 $85,858 52 $77,526 53 $88,138 54 $83,192 55 $83,292 56 $78,162 57 $82,172 58 $76,562 59 $78,545 60 $81,424 61 $79,541 62 $86,680 63 $88,359 64 $87,986 65 $82,910 66 $79,208 67 $89,158 68 $86,361 69 $84,067 70 $84,946 71 $91,062 72 $84,481 73 $90,258 74 $83,387 75 $73,327

What is the top 1% individual income by age in the United States?

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Here are the summary top 1% income benchmarks starting at 25 years old and moving up a decade at a time:

Age 25: $160,201.00

$160,201.00 Age 35: $347,103.00

$347,103.00 Age 45: $421,905.00

$421,905.00 Age 55: $501,500.00

$501,500.00 $484,120.00

Treat this data with more skepticism than the median and average (just look at age 43 and 65 – can't be perfectly accurate). There are fewer high earners by definition, so the numbers will jump around. Before you take a single age's measure as "truth", maybe look at a couple adjacent ages for a good feel of what the "actual" 1% might be. That in mind, here is the chart for top 1% income by age in the United States in 2022: Age Top 1% Income 16 $45,000 17 $79,000 18 $65,002 19 $71,001 20 $80,004 21 $83,002 22 $93,691 23 $100,005 24 $149,501 25 $160,201 26 $237,507 27 $203,551 28 $217,172 29 $240,001 30 $338,500 31 $252,670 32 $320,900 33 $296,000 34 $406,001 35 $347,103 36 $391,451 37 $304,027 38 $433,410 39 $395,509 40 $330,011 41 $576,004 42 $467,203 43 $545,563 44 $422,200 45 $421,905 46 $445,201 47 $423,000 48 $405,395 49 $500,040 50 $403,724 51 $491,280 52 $430,952 53 $590,000 54 $501,053 55 $501,500 56 $493,229 57 $592,501 58 $437,022 59 $480,815 60 $435,000 61 $488,500 62 $725,754 63 $620,201 64 $625,172 65 $484,120 66 $568,650 67 $688,347 68 $412,806 69 $437,201 70 $474,201 71 $978,626 72 $406,000 73 $467,016 74 $542,000 75 $441,200

United States Individual Income Percentiles by Age

Income is all income earned by one individual. That includes:

Wage income or earnings

Business income

Investment income

Interest

Other income (see the list of all components here)

If you only want to see salary, we have salary by age research too (and a calculator).

Methodology on 2022 United States Age & Income Brackets

This data comes from the United States Census Bureau's Annual ASEC survey. It was released in September 2022. I then use harmonized data from the University of Minnesota's Minnesota Population Center in R. Citation: Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren and Michael Westberry. Integrated Public Use Microdata Series, Current Population Survey: Version 9.0 [dataset]. Minneapolis, MN: IPUMS, 2022. https://doi.org/10.18128/D030.V9.0

What is your 'worker' screen?

Find the full worker screen methodology in the individual income brackets post.

How is the data quality on the income by age data?

I ask, as always, that you be skeptical of the top few percentiles for each age. Income is relatively well-behaved for the majority of the income curve. However, people at the top generate income from income sources with more volatility: investments, businesses, etc. The entire individual income data comes from a relatively small selection of samples. To get a sense of the "actual top 1% income" for an age, look at the surrounding years to get a better feel for the data.

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Income data points and workers by age in 2022

Here's the exhaustive list of data points and the workers they represent for you to make a reasoned call on data quality by age. There are two numbers: The samples or number of "data points", the actual number of people in the survey or number of "data points", the actual number of people in the survey The estimated workforce that those data points represent (based on the survey weightings) Age Samples Estimated Workers 16 660 1,265,154 17 950 1,833,524 18 1,172 2,263,854 19 1,075 2,403,656 20 1,206 2,948,725 21 1,231 3,054,139 22 1,229 3,099,409 23 1,297 3,601,708 24 1,353 3,580,562 25 1,446 3,645,940 26 1,476 3,702,120 27 1,487 3,757,569 28 1,520 3,843,548 29 1,636 3,975,695 30 1,708 3,953,421 31 1,809 4,113,124 32 1,745 3,945,490 33 1,791 3,968,732 34 1,738 3,805,085 35 1,779 3,851,963 36 1,903 4,003,834 37 1,836 3,666,533 38 1,838 3,630,982 39 1,858 3,657,821 40 1,885 3,678,749 41 1,914 3,862,541 42 1,821 3,674,148 43 1,855 3,708,494 44 1,680 3,278,608 45 1,720 3,522,558 46 1,619 3,256,151 47 1,603 3,373,664 48 1,581 3,243,922 49 1,492 3,121,054 50 1,587 3,497,858 51 1,729 3,894,389 52 1,528 3,301,516 53 1,480 3,258,666 54 1,300 2,958,606 55 1,331 3,005,958 56 1,473 3,340,291 57 1,413 3,324,822 58 1,416 3,333,876 59 1,311 3,110,912 60 1,289 3,059,780 61 1,245 2,947,162 62 1,163 2,786,193 63 1,071 2,502,147 64 955 2,176,243 65 863 2,060,759 66 704 1,543,895 67 603 1,349,522 68 532 1,238,497 69 490 1,112,454 70 417 903,967 71 354 780,907 72 310 696,418 73 276 600,712 74 259 552,354 75 188 399,068

Is individual income gross or net?

All income by age numbers in this post are gross income, or before tax. If you are comparing an income make sure it is before any tax is taken out.

Analysis of Individual Income by Age Brackets in 2022

This is one of my favorite ways to slice income data. But like the others, it suffers in its complexity. A better way to consume it might be through the companion income percentile by age calculator.

dqydj.com - Average Income by Age, Median, Top & Percentiles - DQYDJ

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