How Much Does An Average American Make A Year?

How much does an average American make a year?

It’s no secret that the American economy is in a bit of a rut. With unemployment high and wages stagnant, many people are struggling to make ends meet. And for those who work in the traditional nine-to-five job, that may not mean much additional income. That said, there are plenty of other ways to make money if you have the right skills and knowledge. In this blog post, we will explore how much an average American makes a year and what you can do to increase your income.

The Median Income for American Families

In the United States, according to the Census, the median household income was $60,336. This means that half of all households earned more than this amount and half earned less. The richest fifth of American households had a median income of over $177,000, while the poorest fifth had a median income of only $25,550.

While there are considerable differences in incomes within each quintile, on average American families earn more than enough to cover their basic needs. For example, according to the National Low Income Housing Coalition (NLIHC), a family of four living at 50% of Area Median Income (AMI) would need an annual income of $44,100 to afford a modest two-bedroom rental unit without any subsidies. In states like California where housing is particularly expensive and scarce, even more modest incomes will be required to make ends meet.

While the poverty threshold for a family of four is currently set at $23,050 per year, incomes above this level provide significant financial security. Nearly one-third (32%) of all American families earning over $200,000 annually live in poverty, compared with 14% of families earning below $50,000.

The Different Types of Jobs in America

In the United States, there are many different types of jobs that people can choose from. Some of these jobs include working as a teacher, doctor, lawyer, or accountant. Other jobs include working in the service industry, such as waitressing or bartending.

The average American makes $50,000 a year. However, this number can vary depending on a person’s occupation and location. The median salary for all occupations is $37,500. The lowest paying occupation is food service worker with a median salary of $21,750 and the highest paying occupation is executive vice president with a median salary of $166,000.

The Average Salary for American Workers

The average salary for American workers in 2017 was $59,039. This figure has been increasing over the past several years and is predicted to continue to do so through 2027. The lowest paid 10% of American workers earned an average of $37,446 in 2017, while the highest paid 10% earned an average of $169,223.

What Increases Your Chances of Making More Money

There are many different factors that can impact your income potential. Here are some of the more common ones:

  • Your education and skills: Having a degree or skilled trade can give you an advantage in the job market, and may lead to higher paychecks.
  • Location: Where you live and work can also affect your earnings. Areas with high incomes tend to have strong economic sectors, such as technology or medical services, that pay well. Conversely, areas with low incomes may have a greater concentration of low-paying jobs.
  • Age: Younger workers typically earn more than older workers, due to increased experience and training opportunities that come with age. However, this trend is starting to change as more baby boomers reach retirement age and begin looking for jobs.
  • Gender: Women generally earn less than men do in comparable roles, even when they have the same level of education and experience. This is largely due to discrimination in the workplace and elsewhere in society. However, there has been a recent shift towards gender wage equality, which is slowly but steadily closing the wage gap overall.

Tips for Making More Money

Making more money is not as hard as you might think. There are a few things you can do to increase your income, and if you work hard enough, you can make a great deal of money.

Here are a few tips to help you make more money:

1. Invest in yourself: One of the best ways to make more money is to invest in your skills and abilities. This means taking classes, learning new skills, and developing your own talents. It can also mean getting admitted to graduate school or finding a new job that uses your skills. In addition, investing in yourself means staying current on technology and learning new software so that you can be more productive at work.

2. Get organized: The key to making more money is being organized and efficient with your time. If you can get your finances in order and organize your time so that you’re spending less time on tasks that don’t bring in income, you’ll be able to make more money. This means setting priorities and sticking to them, even when it’s difficult.

3. Don’t be afraid to ask for advice: another key way to make more money is by asking for advice from those who have been successful before you. This means talking to friends, family members, or professionals who can offer guidance and suggestions on how to increase your income. Just be sure not to take their advice at face value – always test out their ideas first before committing fully to them.


According to the 2016 report from The Daily Report, the average American makes $53,657 a year. This figure varies depending on where you live, with those in the Northeast making an average of $62,030 and those in the South making an average of $45,527. Interestingly enough, while this figure is increasing each year, it still lags behind that of other countries around the world. Given all these factors, it’s important to be aware of your earning potential so that you can make informed decisions about your career path and how much money you want to save for future goals.

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