What is the Average Income of an American Household

Average Income of a US Household

Approximately 15% of Americans are living in poverty, equating to 46.5 million Americans. In present time, the income level has decreased 8.3% where it was in 2007. Since 1967, lower and middle class Americans have only seen a 19% income rise while those in the top 5% have seen a 67% increased. This rising inequality in wealth is not a positive sign for social stability.

Richest and Poorest Cities in America

Based on the median income, population, unemployment rate, and poverty rate of these areas, a listing of the top 5 richest and poorest cities in America is outlined below.

Top 5 Richest Cities
1. San Jose-Sunnyvale-Santa Clara: $90,737
2. Washington DC-Arlington-Alexandria, Virginia: $88,233
3. Bridgeport-Stamford-Norwalk, Conneticut: $79,841
4. San Francisco-Oakland-Fremont, California: $74,922
5. Boston-Cambridge-Quincy, Massachusetts: $71,738

Top 5 Poorest Cities
1. Brownsville-Harlingen, Texas: $30,953
2. Dalton, Georgia: $32,858
3. McAllen-Edinsburg-Mission, Texas: $33,761
4. Gadsden, Alabama: $34,264
5. Lake Havasu City-Kingman, Arizona: $34,445

Average Income Levels by Ethnicity

1. Asians – $68,600
2. Whites – $57,000
3. Hispanics – $39,000
4. Blacks – $33,300

Is the American Dream a Myth

A discussion of how income inequality is killing the American Dream and the notion that everyone has the same opportunity to achieve it.

Average Income by Gender

– Women: $37,791
– Men: $49,398
– Female to Male Earnings Ratio: 77%

Average Income Rates by Age

1. 15 to 24 years old: $31,000
2. 25 to 34 years old: $52,000
3. 35 to 44 years old: $63,000
4. 45 to 54 years old: $68,000
5. 55 to 64 years old: $59,000
6. 65 years and older: $34,000

Real Median Income Peak Years

The following statistics outline the peek years and income level based on age groups.

1. 15 to 24 years old: 2000 at $37,129
2. 25 to 34 years old: 2000 at $59,219
3. 35 to 44 years old: 2000 at $71,683
4. 45 to 54 years old: 1999 at $78,410
5. 55 to 64 years old: 2007 at $63,549
6. 65 years and older: 2012 at $33,848

What is Middle Class Income

The below infographic outlines how the average American family spends their income and distributes it across their cost of living and lifestyle extras. A look at how much is spent annually on discretionary items is outlined.