Home News How Much Money Does the Average American Make a Year?

How Much Money Does the Average American Make a Year?

magnifying glass on dollar bill

magnifying glass on dollar bill The typical American earns about $45,000 a year, but salaries vary considerably by age. | Mark Wilson/Getty Images

Ever wondered how your salary measures up to that of your peers? The typical full-time worker in the United States earns a median of $865 a week, according to data from the Bureau of Labor Statistics. That’s equivalent to a yearly salary of $44,980, assuming 52 weeks of paid work a year.

Those numbers don’t tell the whole story though. For one, the BLS data only include pre-tax earnings from full-time workers. People who work part-time aren’t counted, nor are those whose income comes from a source such as Social Security.

Plus, earnings rise and fall throughout a person’s life, which means it can be more instructive to compare yourself to people who are roughly the same age as you. The government has those numbers, too, which means you can see just how far ahead (or behind) you are compared to everyone else. Gauge your progress by checking out this breakdown of the typical American’s salary by age.

Ages 16 to 19

  • Median weekly earnings: $426
  • Equivalent yearly earnings: $22,152

Only about 1 million teens between the ages of 16 and 19 are working full time, according to the BLS. Those who do have regular jobs earn a median weekly wage of $426, equivalent to $22,152 a year. That number is fairly low, which isn’t too surprising.

Workers in this age group are unlikely to have a college degree, which significantly boosts earnings, and some might not have graduated from high school. If these workers stay in or return to school, they can expect to see their wages climb later on. The median weekly earnings for a worker with a bachelor’s degree are $1,156, compared to $692 for someone whose education stopped after high school.

Leave your vote

89 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%