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| Annual household income, in USD | Percentage of U.S. households |
|---|---|
| Under 15000 | 8.3 |
| 15000 to 24999 | 7.4 |
| 25000 to 34999 | 7.6 |
| 35000 to 49999 | 10.6 |
| 50000 to 74999 | 16.2 |
| 75000 to 99999 | 12.3 |
| 100000 to 149999 | 16.4 |
| 150000 to 199999 | 9.2 |
| 200000 and over | 11.9 |
- Region: United States
- Time period: 2022
- Published: Sep 2023
Data Analysis and Insights
Income Range with the Highest Percentage of U.S. Households
The income range of $50,000 to $74,999 claims the largest share with 16.2% of U.S. households falling into this category, highlighting it as the most common income bracket.Combined Share of Households Earning $100,000 or More
Households with an annual income of $100,000 or more make up a significant portion, combining for a total of 37.5% of U.S. households, indicating a substantial affluent demographic.Lowest Income Bracket
The lowest income bracket, under $15,000, encompasses 8.3% of U.S. households, illustrating the economic challenges faced by a notable segment of the population.Middle-Income Households
Middle-income households, defined here as those earning between $35,000 and $99,999, constitute 39.1% of U.S. households, representing the core of the middle class.Percentage of Households Earning $200,000 and Over
A significant 11.9% of U.S. households earn $200,000 and over, showcasing the concentration of wealth within a smaller segment of the population.Households Earning Less Than $35,000
23.3% of U.S. households earn less than $35,000 annually, highlighting the prevalence of lower-income brackets within the economy.Households Earning Between $75,000 and $149,999
The combined percentage of households earning between $75,000 and $149,999 is 28.7%, emphasizing the distribution within upper middle-income ranges.Frequently Asked Questions
What is the most common income bracket in the U.S.?
The most common income bracket in the U.S. is $50,000 to $74,999, accounting for 16.2% of households.
What percentage of U.S. households earn $100,000 or more annually?
A significant 37.5% of U.S. households earn an annual income of $100,000 or more.
How much of the U.S. population falls into the lowest income bracket?
The lowest income bracket, under $15,000, includes 8.3% of U.S. households.
What is the proportion of middle-income households in the U.S.?
Terms and Definitions
Household Income is the combined gross income of all members of a household who are 15 years or older. It includes every form of income, such as wages, salaries, retirement income, government transfers like welfare, social security, etc., and investment returns.
Income distribution is a statistical measure showing how a country’s total gross domestic product (GDP) is distributed amongst its population. It is a representation of inequality where it shows the proportion of the nation's income earned by different groups.
Gross income is the total income from all sources before deductions or taxes. It includes all income streams such as wages, salaries, dividends, interest, rent, and capital gains.
Government transfers refer to the distribution of income or wealth from the government to individuals through programs like welfare, social security, or unemployment benefits. They're generally given to individuals who are underprivileged or in need.
Welfare is a type of government support intended to ensure a basic level of well-being for citizens. It can include financial benefits, housing assistance, healthcare, and other social safety net programs.
Social Security is a government system that provides monetary assistance to people with an inadequate or no income. It is structured to benefit retirees, disabled people, and families where a spouse or parent dies.
Capital gains are the profits an investor realizes when they sell a capital asset for a price that is higher than the purchase price. It is an important part of individual investment income and corporate earnings.
Retirement income is the revenue a person or household receives after retirement, coming from sources like pension, retirement savings accounts, social security benefits, or annuities.
Income inequality refers to the disproportionate distribution of income within a particular population or between different population subdivisions. It's often presented as the percentage of income to a percentage of the population. For example, the richest 1% of individuals may posses a certain percentage of the total household income of a country.
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