Average U.S. Salary Report – Third Quarter 2017
The average yearly U.S. salary for a full-time worker is $44,668.
Technically, that number is the median salary, meaning half the population makes more and half makes less. This is a more accurate picture of the labor market than an “average” salary estimate, as a true “average” salary would be skewed higher by the very few who earn tens of millions (or more) per year.
We base this average/median off of Bureau of Labor Statistics data that report a median wage/salary of $859 per week in the third quarter of 2017.
That number represents workers across all ages, sexes, education levels, professions, etc.
We can find plenty of other interesting information when we break the data down further:
- Men earn $48,724 vs. $39,884 for women. (Women make roughly 82% of men’s salaries.)
- Median annual salary for whites: $46,124. For African-Americans: $36,192. For Hispanics: $34,060. For Asians: $52,520.
- Median annual salary for college graduates: $66,092. High school graduates, no college: $37,128. No high school diploma: $27,144.
- Workers aged 55 to 64 have the highest median salary, at $51,324, with those 35 to 44 close behind, at $50,440. Workers aged 25-34 have a much lower median salary: $40,456.
- Jobs traditionally thought of as “white collar,” described as “management, professional, and related occupations” in the BLS statistics, have the highest median salary, at $62,868. Service jobs pay the worst, with a median salary of $28,080.
- To be in the highest-earning 10% of the population, a worker would need to be making $105,248 or more. Those making $21,476 or less would be in the lowest 10%.