We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
Incomes in America- Average, Median, Top 1% Household Income Percentiles 2021
Exactly what is income for Americans? For those who find that question interesting, here are some recent data. Oh I know, look elsewhere and you will find variations, but it is what it is. Needless to say there are wide geographical differences. If you earn $40,000 in Mississippi, you’re doing okay, not so much if you live in California or New Jersey.
The pandemic caused a drop in incomes across the board.
What was the median household income?
In 2021, $67,463 was the median household income in the United States. This is down from $68,400 in 2019.
What was the average household income?
The average household income was $96,955.04 in 2021. It was $97,973.61 in 2020 (not adjusted for inflation).
What is the top 1% household income?
To be in the top 1% in 2021, a household needed to earn $504,420.00. $531,020 was the threshold in 2020.
Household Income Percentiles for the United States in 2021
While summary statistics are nice, there’s no replacement for a more complete view of the US income distribution… so below, find every household income percentile in 2021.