{"id":129981,"date":"2025-03-13T05:20:34","date_gmt":"2025-03-13T05:20:34","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/average-income-by-age-median-top-percentiles\/"},"modified":"2025-03-13T05:20:34","modified_gmt":"2025-03-13T05:20:34","slug":"average-income-by-age-median-top-percentiles","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=129981","title":{"rendered":"Average Income by Age, Median, Top &#038; Percentiles"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"span-14-299\">\n<p>In this post are <em><strong>United States individual income brackets by age for 2024<\/strong><\/em>. You&#8217;ll also find average income by age, median, and top 1% by age.<\/p>\n<p>Individual incomes here are limited to Americans who <em>worked<\/em> (or <em>wanted<\/em> to work) in the calendar year. Incomes are <strong>gross<\/strong> (<strong>pre-tax)<\/strong> \u2013 and earned between January and December <span style=\"text-decoration: underline;\">2023<\/span>.<\/p>\n<p class=\"has-small-font-size\">If you missed them:<em> we also have <a href=\"https:\/\/dqydj.com\/average-median-top-household-income-percentiles\/\">research on household incomes<\/a><\/em> and <em><a href=\"https:\/\/dqydj.com\/average-median-top-individual-income-percentiles\/\">individual incomes<\/a><\/em>.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-individual-income-benchmarks-by-age-in-2024\"><span id=\"Individual_Income_Benchmarks_by_Age_in_2024\">Individual Income Benchmarks by Age in 2024<\/span><\/h2>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"789\" height=\"543\" alt=\"Individual Income Percentiles by Age in 2024 in the United States\" class=\"wp-image-21443 lazyload\" src=\"https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024.png\" srcset=\"https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024.png 789w, https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024-300x206.png 300w, https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024-768x529.png 768w\" data-sizes=\"auto\" data-eio-rwidth=\"789\" data-eio-rheight=\"543\"\/><img loading=\"lazy\" decoding=\"async\" width=\"789\" height=\"543\" src=\"https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024.png\" alt=\"Individual Income Percentiles by Age in 2024 in the United States\" class=\"wp-image-21443\" srcset=\"https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024.png 789w, https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024-300x206.png 300w, https:\/\/cdn.dqydj.com\/wp-content\/uploads\/2024\/10\/individual-income-percentiles-by-age-united-states-2024-768x529.png 768w\" sizes=\"auto, (max-width: 789px) 100vw, 789px\" data-eio=\"l\"\/><\/figure>\n<\/div>\n<p>Age is an excellent way to break down income comparisons \u2013 it&#8217;s a <em>great<\/em> quick proxy for experience. While it&#8217;s not always true, generally older folks will have more experience in a given field.<\/p>\n<p>(Of course, you can think of the exceptions: career switching, job loss, and so on.)<\/p>\n<p>And \u2013 like with other breakdowns of the population \u2013 the best summary statistics of income are:<\/p>\n<ul class=\"wp-block-list\">\n<li><em>Median income<\/em><\/li>\n<li><em>Average income<\/em><\/li>\n<li><em>Top 1% income<\/em><\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-median-individual-income-by-age-in-the-united-states\"><span id=\"What_is_the_median_individual_income_by_age_in_the_United_States\">What is the median individual income by age in the United States?<\/span><\/h3>\n<p>These are the median incomes by age for 2024 in the United States for some selected ages:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Age 25: <\/strong>$40,000<\/li>\n<li><strong>Age 35: <\/strong>$60,000<\/li>\n<li><strong>Age 45:<\/strong> $60,002<\/li>\n<li><strong>Age 55: <\/strong>$60,050<\/li>\n<li><strong>Age 65: <\/strong>$57,668<\/li>\n<\/ul>\n<p>Compare those to an overall median individual income of $50,200.<\/p>\n<p>This following table has age 16-75 median income in 2024 in the United States:<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Age in 2024<\/strong><\/td>\n<td><strong>Median Income<\/strong><\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>$2,500<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>$3,500<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>$6,500<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>$13,400<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>$19,001<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>$20,902<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>$25,200<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>$30,000<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>$34,001<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>$40,000<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>$43,370<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>$44,010<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>$46,495<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>$50,200<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>$50,501<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>$50,595<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>$55,060<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>$53,000<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>$56,020<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>$57,010<\/td>\n<\/tr>\n<tr>\n<td>37<\/td>\n<td>$56,000<\/td>\n<\/tr>\n<tr>\n<td>38<\/td>\n<td>$55,052<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>$60,010<\/td>\n<\/tr>\n<tr>\n<td>40<\/td>\n<td>$59,501<\/td>\n<\/tr>\n<tr>\n<td>41<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>42<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>43<\/td>\n<td>$60,100<\/td>\n<\/tr>\n<tr>\n<td>44<\/td>\n<td>$60,150<\/td>\n<\/tr>\n<tr>\n<td>45<\/td>\n<td>$60,002<\/td>\n<\/tr>\n<tr>\n<td>46<\/td>\n<td>$62,000<\/td>\n<\/tr>\n<tr>\n<td>47<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>48<\/td>\n<td>$65,000<\/td>\n<\/tr>\n<tr>\n<td>49<\/td>\n<td>$62,000<\/td>\n<\/tr>\n<tr>\n<td>50<\/td>\n<td>$68,790<\/td>\n<\/tr>\n<tr>\n<td>51<\/td>\n<td>$60,020<\/td>\n<\/tr>\n<tr>\n<td>52<\/td>\n<td>$65,288<\/td>\n<\/tr>\n<tr>\n<td>53<\/td>\n<td>$63,062<\/td>\n<\/tr>\n<tr>\n<td>54<\/td>\n<td>$62,012<\/td>\n<\/tr>\n<tr>\n<td>55<\/td>\n<td>$60,050<\/td>\n<\/tr>\n<tr>\n<td>56<\/td>\n<td>$60,038<\/td>\n<\/tr>\n<tr>\n<td>57<\/td>\n<td>$64,005<\/td>\n<\/tr>\n<tr>\n<td>58<\/td>\n<td>$60,600<\/td>\n<\/tr>\n<tr>\n<td>59<\/td>\n<td>$60,003<\/td>\n<\/tr>\n<tr>\n<td>60<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>61<\/td>\n<td>$60,005<\/td>\n<\/tr>\n<tr>\n<td>62<\/td>\n<td>$64,005<\/td>\n<\/tr>\n<tr>\n<td>63<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>64<\/td>\n<td>$60,500<\/td>\n<\/tr>\n<tr>\n<td>65<\/td>\n<td>$57,668<\/td>\n<\/tr>\n<tr>\n<td>66<\/td>\n<td>$58,186<\/td>\n<\/tr>\n<tr>\n<td>67<\/td>\n<td>$60,001<\/td>\n<\/tr>\n<tr>\n<td>68<\/td>\n<td>$60,650<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>$55,005<\/td>\n<\/tr>\n<tr>\n<td>70<\/td>\n<td>$66,391<\/td>\n<\/tr>\n<tr>\n<td>71<\/td>\n<td>$65,000<\/td>\n<\/tr>\n<tr>\n<td>72<\/td>\n<td>$60,860<\/td>\n<\/tr>\n<tr>\n<td>73<\/td>\n<td>$59,364<\/td>\n<\/tr>\n<tr>\n<td>74<\/td>\n<td>$60,645<\/td>\n<\/tr>\n<tr>\n<td>75<\/td>\n<td>$56,690<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-average-income-by-age-in-the-united-states\"><span id=\"What_is_the_average_income_by_age_in_the_United_States\">What is the average income by age in the United States?<\/span><\/h3>\n<p>Here are the 2023 average incomes by age for age 25 and ten year intervals:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Age 25:<\/strong> $49,814.72<\/li>\n<li><strong>Age 35:<\/strong> $84,002.58<\/li>\n<li><strong>Age 45: <\/strong>$85,450.35<\/li>\n<li><strong>Age 55:<\/strong> $84,737.64<\/li>\n<li><strong>Age 65:<\/strong> $90,170.79<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/dqydj.com\/average-median-top-individual-income-percentiles\/\">overall average individual income<\/a> was $73,471.51 in 2024.<\/p>\n<p>This table has every age (16-75) plus workers of that age&#8217;s average income in 2024:<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Age in 2024<\/strong><\/td>\n<td><strong>Average Income<\/strong><\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>$6,777.18<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>$6,642.97<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>$12,504.30<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>$18,470.61<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>$23,778.43<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>$26,210.37<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>$30,708.86<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>$33,914.49<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>$42,224.44<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>$49,814.72<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>$51,874.49<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>$52,756.36<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>$61,058.40<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>$63,231.70<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>$66,904.53<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>$66,461.67<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>$74,481.30<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>$69,775.54<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>$75,473.68<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>$84,002.58<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>$76,661.59<\/td>\n<\/tr>\n<tr>\n<td>37<\/td>\n<td>$80,180.47<\/td>\n<\/tr>\n<tr>\n<td>38<\/td>\n<td>$78,235.03<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>$85,931.04<\/td>\n<\/tr>\n<tr>\n<td>40<\/td>\n<td>$79,323.19<\/td>\n<\/tr>\n<tr>\n<td>41<\/td>\n<td>$84,115.71<\/td>\n<\/tr>\n<tr>\n<td>42<\/td>\n<td>$82,076.26<\/td>\n<\/tr>\n<tr>\n<td>43<\/td>\n<td>$85,163.35<\/td>\n<\/tr>\n<tr>\n<td>44<\/td>\n<td>$85,919.93<\/td>\n<\/tr>\n<tr>\n<td>45<\/td>\n<td>$85,450.35<\/td>\n<\/tr>\n<tr>\n<td>46<\/td>\n<td>$94,887.73<\/td>\n<\/tr>\n<tr>\n<td>47<\/td>\n<td>$85,654.37<\/td>\n<\/tr>\n<tr>\n<td>48<\/td>\n<td>$89,974.65<\/td>\n<\/tr>\n<tr>\n<td>49<\/td>\n<td>$90,341.95<\/td>\n<\/tr>\n<tr>\n<td>50<\/td>\n<td>$93,508.27<\/td>\n<\/tr>\n<tr>\n<td>51<\/td>\n<td>$88,332.38<\/td>\n<\/tr>\n<tr>\n<td>52<\/td>\n<td>$92,184.94<\/td>\n<\/tr>\n<tr>\n<td>53<\/td>\n<td>$89,568.66<\/td>\n<\/tr>\n<tr>\n<td>54<\/td>\n<td>$88,408.14<\/td>\n<\/tr>\n<tr>\n<td>55<\/td>\n<td>$84,737.64<\/td>\n<\/tr>\n<tr>\n<td>56<\/td>\n<td>$87,607.78<\/td>\n<\/tr>\n<tr>\n<td>57<\/td>\n<td>$93,063.56<\/td>\n<\/tr>\n<tr>\n<td>58<\/td>\n<td>$89,626.26<\/td>\n<\/tr>\n<tr>\n<td>59<\/td>\n<td>$85,828.91<\/td>\n<\/tr>\n<tr>\n<td>60<\/td>\n<td>$89,798.90<\/td>\n<\/tr>\n<tr>\n<td>61<\/td>\n<td>$86,763.47<\/td>\n<\/tr>\n<tr>\n<td>62<\/td>\n<td>$91,144.69<\/td>\n<\/tr>\n<tr>\n<td>63<\/td>\n<td>$83,391.72<\/td>\n<\/tr>\n<tr>\n<td>64<\/td>\n<td>$88,238.26<\/td>\n<\/tr>\n<tr>\n<td>65<\/td>\n<td>$90,170.79<\/td>\n<\/tr>\n<tr>\n<td>66<\/td>\n<td>$90,507.19<\/td>\n<\/tr>\n<tr>\n<td>67<\/td>\n<td>$87,054.95<\/td>\n<\/tr>\n<tr>\n<td>68<\/td>\n<td>$96,516.80<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>$83,801.57<\/td>\n<\/tr>\n<tr>\n<td>70<\/td>\n<td>$98,751.70<\/td>\n<\/tr>\n<tr>\n<td>71<\/td>\n<td>$98,824.42<\/td>\n<\/tr>\n<tr>\n<td>72<\/td>\n<td>$89,975.56<\/td>\n<\/tr>\n<tr>\n<td>73<\/td>\n<td>$82,739.98<\/td>\n<\/tr>\n<tr>\n<td>74<\/td>\n<td>$104,163.02<\/td>\n<\/tr>\n<tr>\n<td>75<\/td>\n<td>$106,557.12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-top-1-individual-income-by-age-in-the-united-states\"><span id=\"What_is_the_top_1_individual_income_by_age_in_the_United_States\">What is the top 1% individual income by age in the United States?<\/span><\/h3>\n<p>Here are the summary top 1% income benchmarks starting at 25 years old and moving up a decade at a time:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Age 25:<\/strong> $201,005<\/li>\n<li><strong>Age 35: <\/strong>$550,001<\/li>\n<li><strong>Age 45: <\/strong>$517,050<\/li>\n<li><strong>Age 55:<\/strong> $483,429<\/li>\n<li><strong>Age 65:<\/strong> $571,700<\/li>\n<\/ul>\n<p>Treat this data with <em>much more<\/em> skepticism than median or average. By definition, there are fewer top earners than those near the middle of the earning spectrum. Before you take a single age&#8217;s measure as &#8220;truth&#8221;, look at a couple adjacent ages for a good feel of what the &#8220;actual&#8221; 1% might be.<\/p>\n<p>That in mind, here is the chart for top 1% income by age in the United States in 2024:<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Age in 2024<\/strong><\/td>\n<td><strong>Top 1% Income<\/strong><\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>$76,200<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>$60,000<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>$76,000<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>$100,600<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>$100,520<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>$107,300<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>$113,000<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>$128,651<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>$160,600<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>$201,005<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>$193,000<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>$191,205<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>$308,550<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>$304,130<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>$300,054<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>$300,000<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>$324,144<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>$300,002<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>$363,213<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>$550,001<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>$400,650<\/td>\n<\/tr>\n<tr>\n<td>37<\/td>\n<td>$409,850<\/td>\n<\/tr>\n<tr>\n<td>38<\/td>\n<td>$426,600<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>$457,300<\/td>\n<\/tr>\n<tr>\n<td>40<\/td>\n<td>$477,701<\/td>\n<\/tr>\n<tr>\n<td>41<\/td>\n<td>$450,000<\/td>\n<\/tr>\n<tr>\n<td>42<\/td>\n<td>$485,505<\/td>\n<\/tr>\n<tr>\n<td>43<\/td>\n<td>$500,000<\/td>\n<\/tr>\n<tr>\n<td>44<\/td>\n<td>$500,055<\/td>\n<\/tr>\n<tr>\n<td>45<\/td>\n<td>$517,050<\/td>\n<\/tr>\n<tr>\n<td>46<\/td>\n<td>$854,501<\/td>\n<\/tr>\n<tr>\n<td>47<\/td>\n<td>$530,106<\/td>\n<\/tr>\n<tr>\n<td>48<\/td>\n<td>$472,514<\/td>\n<\/tr>\n<tr>\n<td>49<\/td>\n<td>$603,060<\/td>\n<\/tr>\n<tr>\n<td>50<\/td>\n<td>$473,000<\/td>\n<\/tr>\n<tr>\n<td>51<\/td>\n<td>$483,420<\/td>\n<\/tr>\n<tr>\n<td>52<\/td>\n<td>$470,005<\/td>\n<\/tr>\n<tr>\n<td>53<\/td>\n<td>$500,776<\/td>\n<\/tr>\n<tr>\n<td>54<\/td>\n<td>$470,005<\/td>\n<\/tr>\n<tr>\n<td>55<\/td>\n<td>$483,429<\/td>\n<\/tr>\n<tr>\n<td>56<\/td>\n<td>$400,051<\/td>\n<\/tr>\n<tr>\n<td>57<\/td>\n<td>$549,038<\/td>\n<\/tr>\n<tr>\n<td>58<\/td>\n<td>$551,500<\/td>\n<\/tr>\n<tr>\n<td>59<\/td>\n<td>$401,750<\/td>\n<\/tr>\n<tr>\n<td>60<\/td>\n<td>$420,650<\/td>\n<\/tr>\n<tr>\n<td>61<\/td>\n<td>$529,106<\/td>\n<\/tr>\n<tr>\n<td>62<\/td>\n<td>$515,205<\/td>\n<\/tr>\n<tr>\n<td>63<\/td>\n<td>$438,700<\/td>\n<\/tr>\n<tr>\n<td>64<\/td>\n<td>$653,012<\/td>\n<\/tr>\n<tr>\n<td>65<\/td>\n<td>$571,700<\/td>\n<\/tr>\n<tr>\n<td>66<\/td>\n<td>$605,017<\/td>\n<\/tr>\n<tr>\n<td>67<\/td>\n<td>$600,820<\/td>\n<\/tr>\n<tr>\n<td>68<\/td>\n<td>$651,100<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>$436,646<\/td>\n<\/tr>\n<tr>\n<td>70<\/td>\n<td>$633,704<\/td>\n<\/tr>\n<tr>\n<td>71<\/td>\n<td>$622,301<\/td>\n<\/tr>\n<tr>\n<td>72<\/td>\n<td>$744,500<\/td>\n<\/tr>\n<tr>\n<td>73<\/td>\n<td>$383,955<\/td>\n<\/tr>\n<tr>\n<td>74<\/td>\n<td>$1,000,000<\/td>\n<\/tr>\n<tr>\n<td>75<\/td>\n<td>$869,999<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-united-states-individual-income-percentiles-by-age\"><span id=\"United_States_Individual_Income_Percentiles_by_Age\">United States Individual Income Percentiles by Age<\/span><\/h2>\n<p>Income is <strong>all income earned by one individual. <\/strong>That includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>Wage income or earnings<\/li>\n<li>Business income<\/li>\n<li>Investment income<\/li>\n<li>Interest<\/li>\n<li>Other income (see the <a href=\"https:\/\/cps.ipums.org\/cps-action\/variables\/INCTOT#codes_section\">list of all components<\/a> here)<\/li>\n<\/ul>\n<p>If you only want to see salary, we have <a href=\"https:\/\/dqydj.com\/average-median-top-salary-by-age-percentiles\/\">salary by age<\/a> research too (and a calculator).<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-methodology-on-2024-united-states-age-amp-income-brackets\"><span id=\"Methodology_on_2024_United_States_Age_Income_Brackets\">Methodology on 2024 United States Age &amp; Income Brackets<\/span><\/h2>\n<p>This data comes from the United States Census Bureau&#8217;s Annual ASEC survey. It was <a href=\"https:\/\/www.census.gov\/programs-surveys\/acs\/news\/data-releases.html\">released in September 2024<\/a>.<\/p>\n<p>I then use harmonized data from the <a href=\"https:\/\/cps.ipums.org\/\">University of Minnesota&#8217;s Minnesota Population Center<\/a> in <a href=\"https:\/\/www.r-project.org\/\">R<\/a>. Citation:<\/p>\n<p>Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren, Daniel Backman, Annie Chen, Grace Cooper, Stephanie Richards, Megan Schouweiler, and Michael Westberry. IPUMS CPS: Version 11.0 [dataset]. Minneapolis, MN: IPUMS, 2023. https:\/\/doi.org\/10.18128\/D030.V11.0<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-what-is-your-worker-screen\"><span id=\"What_is_your_worker_screen\">What is your &#8216;worker&#8217; screen?<\/span><\/h3>\n<p>Find the full worker screen methodology in the <a href=\"https:\/\/dqydj.com\/average-median-top-individual-income-percentiles\/\">individual income brackets<\/a> post.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-how-is-the-data-quality-on-the-income-by-age-data\"><span id=\"How_is_the_data_quality_on_the_income_by_age_data\">How is the data quality on the income by age data?<\/span><\/h3>\n<p>I ask, as always, that you <strong>be skeptical of the top few percentiles<\/strong> for each age.<\/p>\n<p>Income is <em>relatively<\/em> well-behaved for the majority of the income curve. However, people at the top generate income from income sources with more volatility: investments, businesses, etc. The entire individual income data comes from a relatively small selection of samples.<\/p>\n<p>To get a sense of the &#8220;<strong>actual<\/strong> top 1% income&#8221; for an age, look at the surrounding years to get a better feel for the data.<\/p>\n<h3 class=\"wp-block-heading\" id=\"income-data-points-and-workers-by-age-in-2021\"><span id=\"Income_data_points_and_workers_by_age_in_2024\">Income data points and workers by age in 2024<\/span><\/h3>\n<p>Here&#8217;s the exhaustive list of data points and the workers they represent for you to make a reasoned call on data quality by age. There are two numbers:<\/p>\n<ul class=\"wp-block-list\">\n<li>The <strong>samples<\/strong> or number of &#8220;data points&#8221;, the actual number of people in the survey<\/li>\n<li>The <strong>estimated workforce<\/strong> that those data points represent (based on the survey weightings)<\/li>\n<\/ul>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Age in 2024<\/strong><\/td>\n<td><strong>Samples<\/strong><\/td>\n<td><strong>Estimated Workforce<\/strong><\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>635<\/td>\n<td>1,251,069<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>878<\/td>\n<td>1,773,381<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>1,101<\/td>\n<td>2,287,757<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>1,096<\/td>\n<td>2,732,253<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>1,115<\/td>\n<td>2,884,200<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>1,199<\/td>\n<td>3,174,710<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>1,228<\/td>\n<td>3,391,829<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>1,303<\/td>\n<td>3,580,732<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>1,367<\/td>\n<td>3,795,514<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>1,389<\/td>\n<td>3,882,609<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>1,343<\/td>\n<td>3,515,121<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>1,437<\/td>\n<td>3,830,615<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>1,430<\/td>\n<td>3,718,348<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>1,476<\/td>\n<td>3,817,955<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>1,574<\/td>\n<td>3,870,454<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>1,656<\/td>\n<td>4,027,690<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>1,726<\/td>\n<td>4,166,129<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>1,798<\/td>\n<td>4,262,926<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>1,729<\/td>\n<td>4,084,672<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>1,756<\/td>\n<td>4,010,111<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>1,753<\/td>\n<td>3,887,538<\/td>\n<\/tr>\n<tr>\n<td>37<\/td>\n<td>1,801<\/td>\n<td>3,930,551<\/td>\n<\/tr>\n<tr>\n<td>38<\/td>\n<td>1,787<\/td>\n<td>3,911,197<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>1,800<\/td>\n<td>3,860,172<\/td>\n<\/tr>\n<tr>\n<td>40<\/td>\n<td>1,707<\/td>\n<td>3,775,357<\/td>\n<\/tr>\n<tr>\n<td>41<\/td>\n<td>1,754<\/td>\n<td>3,794,535<\/td>\n<\/tr>\n<tr>\n<td>42<\/td>\n<td>1,778<\/td>\n<td>3,872,459<\/td>\n<\/tr>\n<tr>\n<td>43<\/td>\n<td>1,809<\/td>\n<td>3,890,100<\/td>\n<\/tr>\n<tr>\n<td>44<\/td>\n<td>1,615<\/td>\n<td>3,500,891<\/td>\n<\/tr>\n<tr>\n<td>45<\/td>\n<td>1,651<\/td>\n<td>3,557,633<\/td>\n<\/tr>\n<tr>\n<td>46<\/td>\n<td>1,643<\/td>\n<td>3,482,794<\/td>\n<\/tr>\n<tr>\n<td>47<\/td>\n<td>1,586<\/td>\n<td>3,461,761<\/td>\n<\/tr>\n<tr>\n<td>48<\/td>\n<td>1,531<\/td>\n<td>3,214,468<\/td>\n<\/tr>\n<tr>\n<td>49<\/td>\n<td>1,523<\/td>\n<td>3,381,943<\/td>\n<\/tr>\n<tr>\n<td>50<\/td>\n<td>1,433<\/td>\n<td>3,238,549<\/td>\n<\/tr>\n<tr>\n<td>51<\/td>\n<td>1,425<\/td>\n<td>3,231,882<\/td>\n<\/tr>\n<tr>\n<td>52<\/td>\n<td>1,444<\/td>\n<td>3,343,218<\/td>\n<\/tr>\n<tr>\n<td>53<\/td>\n<td>1,541<\/td>\n<td>3,609,839<\/td>\n<\/tr>\n<tr>\n<td>54<\/td>\n<td>1,455<\/td>\n<td>3,489,507<\/td>\n<\/tr>\n<tr>\n<td>55<\/td>\n<td>1,315<\/td>\n<td>3,150,866<\/td>\n<\/tr>\n<tr>\n<td>56<\/td>\n<td>1,241<\/td>\n<td>3,010,405<\/td>\n<\/tr>\n<tr>\n<td>57<\/td>\n<td>1,280<\/td>\n<td>3,180,021<\/td>\n<\/tr>\n<tr>\n<td>58<\/td>\n<td>1,272<\/td>\n<td>3,129,735<\/td>\n<\/tr>\n<tr>\n<td>59<\/td>\n<td>1,254<\/td>\n<td>3,113,539<\/td>\n<\/tr>\n<tr>\n<td>60<\/td>\n<td>1,264<\/td>\n<td>3,092,593<\/td>\n<\/tr>\n<tr>\n<td>61<\/td>\n<td>1,211<\/td>\n<td>3,111,768<\/td>\n<\/tr>\n<tr>\n<td>62<\/td>\n<td>1,073<\/td>\n<td>2,699,517<\/td>\n<\/tr>\n<tr>\n<td>63<\/td>\n<td>1,020<\/td>\n<td>2,554,307<\/td>\n<\/tr>\n<tr>\n<td>64<\/td>\n<td>945<\/td>\n<td>2,324,300<\/td>\n<\/tr>\n<tr>\n<td>65<\/td>\n<td>822<\/td>\n<td>1,978,319<\/td>\n<\/tr>\n<tr>\n<td>66<\/td>\n<td>714<\/td>\n<td>1,692,137<\/td>\n<\/tr>\n<tr>\n<td>67<\/td>\n<td>675<\/td>\n<td>1,611,826<\/td>\n<\/tr>\n<tr>\n<td>68<\/td>\n<td>571<\/td>\n<td>1,410,880<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>491<\/td>\n<td>1,173,208<\/td>\n<\/tr>\n<tr>\n<td>70<\/td>\n<td>448<\/td>\n<td>1,044,226<\/td>\n<\/tr>\n<tr>\n<td>71<\/td>\n<td>379<\/td>\n<td>853,139<\/td>\n<\/tr>\n<tr>\n<td>72<\/td>\n<td>332<\/td>\n<td>766,609<\/td>\n<\/tr>\n<tr>\n<td>73<\/td>\n<td>283<\/td>\n<td>666,414<\/td>\n<\/tr>\n<tr>\n<td>74<\/td>\n<td>258<\/td>\n<td>616,951<\/td>\n<\/tr>\n<tr>\n<td>75<\/td>\n<td>207<\/td>\n<td>486,665<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-is-individual-income-gross-or-net\"><span id=\"Is_individual_income_gross_or_net\">Is individual income gross or net?<\/span><\/h3>\n<p>All income by age numbers in this post are gross income, or before tax. If you are comparing an income make sure it is before any tax is taken out.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-analysis-of-individual-income-by-age-brackets-in-2024\"><span id=\"Analysis_of_Individual_Income_by_Age_Brackets_in_2024\">Analysis of Individual Income by Age Brackets in 2024<\/span><\/h2>\n<p>This is one of my favorite ways to slice income data. But like the others, it suffers in its complexity. A better way to consume it might be through my companion <a href=\"https:\/\/dqydj.com\/income-percentile-by-age-calculator\/\">income percentile by age calculator<\/a>. There you can filter ages, or compare as many as you like, visually.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In this post are United States individual income brackets by age for 2024. You&#8217;ll also find average income by age, median, and top 1% by age. Individual incomes here are limited to Americans who worked (or wanted to work) in the calendar year. Incomes are gross (pre-tax) \u2013 and earned between January and December 2023. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":129982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[1082,10903,4731,10975,56612,56613,10113,213],"dealstore":[],"offerexpiration":[],"class_list":["post-129981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-age","tag-average","tag-featured","tag-income","tag-median","tag-percentiles","tag-research","tag-top"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Average Income by Age, Median, Top &amp; Percentiles - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=129981\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Average Income by Age, Median, Top &amp; Percentiles - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In this post are United States individual income brackets by age for 2024. 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