Average Salary in United States 2024

In this informative article, we explore the fascinating dynamics of salary trends in the United States. Delving into crucial aspects such as pay scale, wage gap, salary yearly increments, and breakdowns based on education level or years of experience, we unravel the intricate tapestry of earning potentials and disparities. With a focus on providing valuable insights, this article offers a comprehensive analysis of the multifaceted salary landscape in the US, empowering individuals and organizations alike to make informed decisions about compensation.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in United States in 2024?

What is the average salary in United States in 2024?
51,900USD
(USD 4,400 monthly)
Low 23,400 USD
Average 51,900 USD
High 228,900 USD
For individuals working in United States, the average salary amounts to USD 51,900 per year. Yet, there is notable variability, with salaries ranging from USD 23,400 (lowest average) to USD 228,900 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in United States in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in United States

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 228,900, 75% of the people earn USD 71,700 or less. 50% employees earn less USD 50,200 or less, 25% of the employees earn less than USD 37,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 228,900, 75% of the people earn USD 71,700 or less. 50% employees earn less USD 50,200 or less, 25% of the employees earn less than USD 37,700.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In United States the minimum salary is USD 23,400.

Median Salary

The median salary in United States tends to reflect the middle point of all salaries in a dataset, with half of the values above and half below it. This indicator offers a more balanced outlook on income distribution and is frequently used to assess average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In United States the salary ranges from USD 23,400 to USD 228,900.

Annual Salary Increments in United States

What is the average annual salary increment in the United States? How frequently do employees receive salary raises?

During 2024, United States recorded an average salary increment of around 0.8% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in United States received around 0.8% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in United States

In recent years, the salary of employees in United States has witnessed an average yearly increase of 3.5%. This corresponds to a range of 0.8% to 7.1% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in United States received in recent years salary increase from 0.8% to 7.1% on average per year. It means 3.5% increment per year on average.

Salary Forecast and Trends for the Future in United States

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 5.1%. Estimated range is between 2.8% and 7.7%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 5.1%. Estimated range is between 2.8% and 7.7%.

Gender Wage Gap in United States

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The actual wage gap in United States reaches 17.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in United States currently stands at 17.0%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Having a college degree is less common among women compared to men.
  • Taking up caregiving responsibilities for children and elderly relatives is more common among women than among men.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • Women tend to gravitate towards lower-paying occupations more than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and provides the chance to specialize in a specific area of interest. Additionally, it facilitates valuable networking opportunities and fosters the development of a global mindset. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. demonstrates a strong dedication to knowledge and paves the way for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 13%-17%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 13%-17%. Expertise and leadership attain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in United States

What is the average hourly wage in the United States?

Average Hourly Wage
25USD
Low 11 USD
Average 25 USD
High 112 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: It can be challenging to budget and plan for expenses when the income from hourly wages is irregular or fluctuating.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally attributed to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions have a higher risk of job insecurity compared to salaried positions because of their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in United States

What are the best paying jobs in United States?

List with best paid jobs in United StatesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs United States?

  1. Surgeon (USD 227,300)
  2. Doctor (USD 205,200)
  3. Chief Executive Officer (CEO) (USD 195,500)
  4. Registered Nurse Anesthetist (USD 190,800)
  5. Dentist (USD 182,600)
  6. Airline Pilot (USD 176,400)
  7. Intellectual Property Lawyer (USD 170,200)
  8. Marketing Manager (USD 150,500)
  9. Marketing Director (USD 150,500)
  10. Sales Director (USD 141,600)
  11. Sales Manager (USD 141,600)
  12. Petroleum Engineer (USD 140,200)
  13. Brand Manager (USD 137,100)
  14. Marketer (USD 137,100)
  15. Judge (USD 135,100)
  16. Treasurer (USD 133,000)
  17. Controller (USD 133,000)
  18. Pharmacist (USD 129,800)
  19. Tax Lawyer (USD 128,100)
  20. Lawyer (USD 128,100)
List with worst paid jobs in United StatesDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs United States?

  1. Cashier (USD 24,600)
  2. Childcare Worker (USD 25,700)
  3. Stock clerk (USD 26,200)
  4. Elder Care Worker (USD 26,300)
  5. Receptionist (USD 27,300)
  6. Bartender (USD 29,600)
  7. Food and beverage server (USD 29,900)
  8. Janitor (USD 30,000)
  9. Waiter (USD 30,500)
  10. Tour Guide (USD 30,700)
  11. Customer Service Representative (USD 36,900)
  12. Hotel Concierge (USD 37,400)
  13. Rehabilitation Counselor (USD 37,900)
  14. Travel Agent (USD 41,100)
  15. Secretary (USD 42,300)
  16. Painter (USD 43,800)
  17. Carpenter (USD 45,300)
  18. Bus Driver (USD 46,300)
  19. Artist (USD 46,700)
  20. Truck Driver (USD 47,600)
List with best paid industries in United StatesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 145,100)
  2. Business and Management (USD 123,400)
  3. Marketing and Sales (USD 113,600)
  4. Engineering (USD 104,700)
  5. Law (USD 99,400)
  6. Accounting and Finance (USD 98,400)
  7. Computer and Information Technology (USD 96,500)
  8. Transportation and Logistics (USD 94,000)
  9. Science (USD 93,400)
  10. Education and Training (USD 77,300)
  11. Other (USD 57,400)
  12. Hospitality and Tourism (USD 48,000)
  13. Social Services (USD 39,400)
  14. Services (USD 35,900)

Salary Differences Across United States States

How salaries differ across United States states?

The salary you earn can vary greatly depending on where you live in the United States. This is due to a number of factors, including the cost of living, the demand for labor, and the industry mix in each state. According to the Bureau of Labor Statistics, the average annual salary in the United States is USD 51,900. However, there is a significant amount of variation between states. The highest-paying state is New York, with an average annual salary of USD 82,200.0. The lowest-paying state is Utah, with an average annual salary of USD 63,400.
  1. New York (USD 82,200)
  2. California (USD 79,200)
  3. Alaska (USD 78,000)
  4. Massachusetts (USD 77,300)
  5. New Jersey (USD 76,900)
  6. Hawaii (USD 75,600)
  7. Connecticut (USD 73,200)
  8. Washington (USD 72,800)
  9. Maryland (USD 71,500)
  10. Colorado (USD 69,500)
  11. Nevada (USD 68,800)
  12. Virginia (USD 68,400)
  13. Rhode Island (USD 68,000)
  14. New Hampshire (USD 67,600)
  15. Oregon (USD 67,100)
  16. Illinois (USD 65,800)
  17. Texas (USD 65,600)
  18. Vermont (USD 64,300)
  19. Delaware (USD 63,700)
  20. Utah (USD 63,400)