Average Salary & Job Opportunities in USA | Wages in USA 2024 (2024)

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Average Salary & Job Opportunities in USA | Wages in USA 2024? ›

Average Annual Salary Across the U.S.

What Is the Average US Salary (2024) The national average salary is $63,795.

The national median for living comfortably alone is $89,461, which suggests that a 50/30/20 budget might not be practical for most single people. Living alone comes with added costs that can be more than double what you'd spend if you lived with someone else — otherwise known as the “singles tax.”

A Smart Asset report based on MIT's Living Wage data found that the average salary required to live comfortably in the U.S. is $68,499 after taxes. This is nearly $10,000 higher than what the average salary currently is.

As of Apr 28, 2024, the average annual pay for the Upper Class jobs category in the United States is $59,699 a year.

We've identified 10 cities where the typical salary for a 70K A Year job is above the national average. Topping the list is San Buenaventura, CA, with Santa Clara, CA and Washington, DC close behind in the second and third positions.

If you're single and don't have a family to take care of, $3000 is enough to get you through the month comfortably. And, if you keep your expenses to a minimum, you can save a few hundred dollars from your paycheck.

Living on $1,000 per month is a challenge. From the high costs of housing, transportation and food, plus trying to keep your bills to a minimum, it would be difficult for anyone living alone to make this work. But with some creativity, roommates and strategy, you might be able to pull it off.

In most parts of the country, a $100,000 salary is considered good; maybe even very, very good. It can be more than enough for an individual or even a small family to live comfortably.

How many people make over 100k? ›

According to the US Census Bureau, the majority of Americans (54.98%) make $50,000 per year or less, while only 18% of individual Americans make $100,000 per year or more. This means that over 80% of Americans make less than $100,000 per year.

In many areas of the USA, $300,000 can provide a comfortable living, but in high-priced cities like New York or San Francisco, it may be considered moderate. It is important to budget based on your specific circ*mstances to determine if it is adequate for your needs.

“A salary range of $80,001 to $95,000 is more reasonable for living comfortably, this aligns more closely with the reality in high-cost living areas.”

Here's the income it takes to be a top earner in your state

You'll need to earn more than half a million annually to be considered among the highest earning residents in 11 states and Washington, D.C. "This comes down to cost of living," Murray said.

According to the study, a middle-class income averages between $52,000 and $155,000 in a large U.S. city. The median household income across all 345 cities is $77,345, making middle-class income limits fall between $51,558 and $154,590.

Income Levels Vary Across Geography, Race, and Gender. According to the ASEC, median household income was $74,580 in 2022, which is about a 2 percent decrease from the median household income in 2021 and nearly a 5 percent decrease from 2019 — the year before the start of the pandemic and subsequent recession.

Middle Class constitutes any income between $42,000 and $126,000 in the US. Overall, the highest percentage of Americans (16.5%) have an income between $50,000-$74,999.

Average Salary for Ages 25-34

For Americans ages 25 to 34, the median salary is $1,003 per week or $52,156 per year. That's a big jump from the median salary for 20- to 24-year-olds.