what is the average salary in the us
It’s no secret that money makes the world go round. As a white person living in the US, it’s important to have a good understanding of the average salary in the country. This information can help you assess your own financial situation and potentially guide career choices. Let’s take a closer look at the average salary in the US.
Average Salary Infographic
Average Salary By State
What is the Average Salary in the US?
The latest data from the Bureau of Labor Statistics shows that the median weekly earnings for full-time wage and salary workers in the US was $892 in the second quarter of 2021. This means that the average salary in the US is approximately $46,384 per year.
However, it’s important to note that salaries vary greatly depending on the industry and location. For example, those working in the tech industry are likely to make significantly more than those in the retail industry. Additionally, the cost of living varies significantly from state to state, which can impact salaries.
Average Salary by State
The average salary in the US also varies significantly by state. According to data from the Bureau of Labor Statistics, the states with the highest average salaries are:
- Washington DC: $80,030
- Massachusetts: $73,200
- California: $72,490
- New York: $68,110
- Connecticut: $67,120
On the other hand, the states with the lowest average salaries are:
- Mississippi: $47,890
- West Virginia: $48,930
- Arkansas: $50,960
- Alabama: $51,400
- South Dakota: $52,040
Factors that Influence Salary
Aside from location and industry, there are several other factors that can impact an individual’s salary. Some of these include:
- Education level: Generally, those with more education have the potential to earn more. Individuals with a bachelor’s degree earn an average of $64,896 per year, while those with a high school diploma earn an average of $38,792 per year.
- Experience: Generally, those with more experience in a particular field have the potential to earn more. For example, a software developer with 10 years of experience will likely make more than a software developer with 2 years of experience.
- Job title: Some job titles, such as CEO or CFO, come with higher salaries due to the level of responsibility and decision-making required.
- Company size: Generally, larger companies have the potential to pay higher salaries than smaller companies. This is due to the amount of revenue and resources available.
Conclusion
In conclusion, the average salary in the US is approximately $46,384 per year. However, salaries can vary greatly depending on industry, location, education level, experience, job title, and company size. As a white person living in the US, it’s important to have a good understanding of the average salary in the country in order to assess your own financial situation and make informed career choices.
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