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Median U.S. household income per County in 2021 Median U.S. household income through 2019 U.S. real median household income reached $63,688 in January 2019, an increase of $171 or 0.3% over one month over that of December 2018.
The top quintile in personal income in 2019 was $103,012 (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners.
States and territories ranked by median household income. Average annual growth rate 2010–2021, % States and Washington, D.C. 2021 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Growth rate United States: $69,717: $65,712: $63,179: $60,336: $57,617: $55,775: $53,657: $52,250: $51,371: $50,502: $50,046: 3.07% Washington, D.C. $90,088 ...
Over 20 states still have a minimum wage at the federal rate of $7.25/hour, which has been in place since 2009. That's been a contributing factor to growing household income inequality,...
From 2008 to 2009, individual income taxes declined 20%, while corporate taxes declined 50%. At 14.6% of GDP, the 2009 and 2010 collections were the lowest level of the past 50 years. Tax policy Tax descriptions. The federal personal income tax is progressive, meaning a higher marginal tax rate is applied to higher ranges of income. For example ...
As a result, 25% of households have incomes above $100,000, [16] even though only 9.2% of Americans had incomes exceeding $100,000 in 2010. [1] As a reference point, the US minimum wage since 2009 has been $7.25 per hour or $15,080 for the 2080 hours in a typical work year.
Median income per person in the U.S. was $42,800 in 2019. The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
For example, the median 2009 income for households headed by individuals age 15–24 was only $30,750, but increased to $50,188 for household headed by individuals age 25–34 and $61,083 for household headed by individuals 35–44.
Four UN members (Cuba, Liechtenstein, Monaco and North Korea) do not belong to the IMF hence their economies are not ranked below. Kosovo, despite not being a member of the United Nations, is a member of IMF. Taiwan is not a IMF member but it is still listed in the official IMF indices. Several leading GDP-per-capita (nominal) jurisdictions may ...
Disposable household and per capita income. Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.