In Budgeting, For Beginners, Money, USA

Americans earn about $50,000 a year

Median. Not on average.

what-do-americans-earn-wages-salary-percentage-of-household

Via Planet Money

Note on Income and Benefits:

The income part of the data excludes dividends, capital gains and income from real estate, like rent payments.

The benefits part includes food stamps or subsidized housing.

Many of these government subsidies are targeted at poorer households.

THE TOP 5 HIGHEST SALARIES BY STATE

  • Maryland: $68, 854
  • New Jersey: $67,681
  • Alaska: $64,576
  • Connecticut: $64,032
  • Hawaii: $63,030

THE BOTTOM 5 LOWEST SALARIES BY STATE

  • Mississippi: $36,851
  • West Virginia: $38,218
  • Arkansas: $38,307
  • Kentucky: $40,062
  • Alabama: $40,474

But really. All that glitters is not gold.

Not everyone who earns a big salary, looks like they earn a big salary.

“….a small but highly compensated blue collar occupational group, materials handlers, that is often misjudged and overlooked by marketers of a variety of affluent products and services. ” ( Read more )


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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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