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The state with the highest median household income in the United States as of the US Census Bureau 2009 is Maryland with $69,272, followed by New Jersey, Connecticut and Alaska, making the Northeastern United States the wealthiest area by income in the entire country.
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.
This is a list of U.S. states, territories, and Washington, D.C. by income. Data is given according to the 2021 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa , Guam , the Northern Mariana Islands and the U.S. Virgin Islands , for which the data comes from 2010, as ACS does not operate in these areas.
According to the EPI data, household earnings grew by 4% since 2019, with the national median earnings for workers 16 and older at $40,260 in 2021.
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.
Income levels vary with age. 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. Work experience and additional education may be factors.
List of ethnic groups in the United States by household income. This is a list of median household income in the United States ranked by ethnicity and Native American tribal grouping (as of 2021) according to the United States Census.
Recessions typically reduce government tax collections as economic activity slows. For example, tax revenues declined from $2.5 trillion in 2008 to $2.1 trillion in 2009, and remained at that level in 2010. From 2008 to 2009, individual income taxes declined 20%, while corporate taxes declined 50%.
The US household income Gini of 46.8 in 2009 varied significantly between states: after-tax income inequality in 2009 was greatest in Texas and lowest in Maine. Income inequality grew from 2005 to 2012 in more than 2 out of 3 metropolitan areas.
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.