The average salary in USA 2020 - analyzed
Posted by: admin 1 year, 11 months ago
How much money does a person working in the United States make?
A person working in the United States typically earns around 94,700 USD per year. Salaries range from 24,000 USD (lowest average) to 423,000 USD (highest average, the actual maximum salary is higher).
This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in the United States
The median, the maximum, the minimum, and the range
Salaries in United States range from 24,000 USD per year (minimum salary) to 423,000 USD per year (maximum average salary, actual maximum is higher).
The median salary is 92,800 USD per year, which means that half (50%) of the population are earning less than 92,800 USD while the other half are earning more than 92,800 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 52,600 USD while 75% of them are earning more than 52,600 USD. Also from the diagram, 75% of the population are earning less than 253,000 USD while 25% are earning more than 253,000 USD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in the United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in United States earn 6% more than their female counterparts on avergae across all sectors.
43 Careers That Pay Women More Than Men!Check The List
Top 10 Highest Paying Careers in United StatesSee Full List
Average Annual Salary Increment Percentage in United States
How much are annual salary increments in United States? How often do employees get salary raises?
Employees in United States are likely to observe a salary increase of approximately 8% every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2019
Listed above are the average annual increase rates for each industry in United States for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Average Salary Increase Rate by Experience Level
3% - 5%
6% - 9%
10% - 15%
15% - 20%
The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.
Worldwide Salary Raises: All Countries and All Jobs
You deserve a salary increment but you are not sure how to ask.
Check our 25 sample Salary Increase Request emails
Bonus and Incentive Rates in United States
How much and how often are bonuses being awarded?
47% of surveyed staff in United States reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
Types of Bonuses ConsideredIndividual Performance-Based Bonuses
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
Bonus Rates Comparison by Career Field
|Marketing / Advertising||
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
25 Simple Ways to Reduce Bills and Save MoneyStart Saving!
Salaries for specific job categories
Choose a job category to explore specific salary detailsAccounting and FinanceAdministration / Reception / SecretarialAdvertising / Grapic Design / EventsAirlines / Aviation / Aerospace / DefenseArchitectureAutomotiveBankingBilingualBusiness PlanningCare Giving and Child CareCleaning and HousekeepingConstruction / Building / InstallationCounselingCourier / Delivery / Transport / DriversCustomer Service and Call CenterElectrical and Electronics TradesEngineeringEnvironmentalExecutive and ManagementFacilities / Maintenance / RepairFactory and ManufacturingFashion and ApparelFitness / Hair / BeautyFood / Hospitality / Tourism / CateringFundraising and Non ProfitGardening / Farming / FishingGovernment and DefenceHealth and MedicalHuman ResourcesImport and ExportIndependent JobsInformation TechnologyInsuranceLaw Enforcement / Security / FireLegalMarketingMedia / Broadcasting / Arts / EntertainmentOil / Gas / Energy / MiningPet CarePharmaceutical and BiotechnologyPhotographyPublic RelationsPublishing and PrintingPurchasing and InventoryQuality Control and ComplianceReal EstateRecreation and SportsSales Retail and WholesaleScience and Technical ServicesTeaching / EducationTelecommunication
21 High Paying Jobs That Don't Require a College Degree!Check The List
Salaries for popular jobs
|Job Title||Average Salary|
|Accounting and Finance|
|Accounting Assistant||52,900 USD|
|Accounting Manager||141,000 USD|
|Chartered Accountant||90,400 USD|
|Corporate Treasurer||128,000 USD|
|Financial Analyst||126,000 USD|
|Financial Manager||181,000 USD|
|Internal Auditor||92,000 USD|
Administration / Reception / Secretarial
|Administrative Assistant||51,800 USD|
|Office Manager||83,900 USD|
Advertising / Grapic Design / Events
|Art Director||92,000 USD|
|Creative Director||92,300 USD|
|Graphic Designer||61,400 USD|
Airlines / Aviation / Aerospace / Defense
|Aerospace Engineer||128,000 USD|
|Air Traffic Controller||103,000 USD|
|Flight Attendant||67,900 USD|
|CAD Drafter||47,000 USD|
|Service Advisor||64,200 USD|
|Bank Branch Manager||166,000 USD|
|Business Analyst||125,000 USD|
|Business Development Manager||147,000 USD|
|Project Manager||124,000 USD|
Care Giving and Child Care
|Nursery Teacher||34,500 USD|
Construction / Building / Installation
|Civil Engineer||88,700 USD|
|Construction Project Manager||163,000 USD|
|Health and Safety Officer||43,600 USD|
Customer Service and Call Center
|Call Center Representative||35,900 USD|
|Customer Service Manager||124,000 USD|
|Customer Service Representative||35,600 USD|
|Civil Engineer||85,600 USD|
|Electrical Engineer||89,900 USD|
|Mechanical Engineer||86,500 USD|
Executive and Management
|Chief Executive Officer||218,000 USD|
|Chief Financial Officer||194,000 USD|
|General Manager||161,000 USD|
|Project Manager||108,000 USD|
Food / Hospitality / Tourism / Catering
|Executive Chef||70,400 USD|
|Hotel Manager||172,000 USD|
|Travel Agent||61,300 USD|
|Waiter / Waitress||31,500 USD|
Health and Medical
|Laboratory Technician||68,700 USD|
|Human Resources Manager||148,000 USD|
|Human Resources Officer||60,200 USD|
|Computer Technician||71,100 USD|
|Database Administrator||97,400 USD|
|Developer / Programmer||89,600 USD|
|Information Technology Manager||163,000 USD|
|Network Engineer||83,200 USD|
Law Enforcement / Security / Fire
|Police Officer||55,600 USD|
|Legal Assistant||48,200 USD|
Media / Broadcasting / Arts / Entertainment
Pharmaceutical and Biotechnology
|Biomedical Engineer||83,900 USD|
Sales Retail and Wholesale
|Sales Manager||165,000 USD|
|Sales Representative||64,000 USD|
Teaching / Education
|Elementary School Teacher||65,900 USD|
|Secondary School Teacher||77,800 USD|
Average Hourly Wage in United States
The average hourly wage (pay per hour) in United States is 46 USD. This means that the average person in United States earns approximately 46 USD for every worked hour.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Salary Comparison By City
|Iowa City||78,200 USD|
|Kansas City||92,300 USD|
|Las Vegas||96,600 USD|
|Long Beach||91,200 USD|
|Los Angeles||115,000 USD|
|New Orleans||88,100 USD|
|New York||121,000 USD|
|Oklahoma City||95,000 USD|
|San Antonio||115,000 USD|
|San Diego||109,000 USD|
|San Francisco||104,000 USD|
|San Jose||107,000 USD|
|Washington D.C.||104,000 USD|
Salary Comparison By State
|District of Columbia||89,300 USD|
|New Hampshire||94,100 USD|
|New Jersey||109,000 USD|
|New Mexico||97,400 USD|
|New York||114,000 USD|
|North Carolina||100,000 USD|
|North Dakota||81,900 USD|
|Rhode Island||84,200 USD|
|South Carolina||94,500 USD|
|South Dakota||84,400 USD|
|West Virginia||88,700 USD|
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.
Aspect Ratio Cheat Sheet
Below are some common aspect ratios and their pixel resolutions. Always confirm your final delivery ratio when shooting.
If you think there should be an addition or correction, .
1 month, 4 weeks ago
If you use the bookmarks bar on Google Chrome or Firefox, sometimes space is at a minimum. When you bookmark a site, it includes the site’s icon and the text description about the site. That is shortened when the icon is added to the bookmarks bar, but not completely.read more
3 months, 1 week ago
So last night, finally I have a time to use a feature of Sound sync that is available in the Davinci Resolve!read more
5 months ago
This short video of my youtube of Lego in Balcony has been the most popular YT in the channel.read more
5 months ago
5 months, 1 week ago
Jawabannya adalah tidak. Karena Di Jupiter tidak Ada olsigenread more
5 months, 2 weeks ago
Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without