Average Salary by Age, Median, Top & Percentiles - DQYDJ (2024)

In this post areUnited States Salary Brackets by Age for 2022. You'll also find average salary by age, plus median and top 1% salaries by age.

Salaries/wage incomes aregross(pre-tax),earned between January and December 2021 (the survey was conducted in March 2022).

Table of Contents show ▼

Salary Benchmarks by Age in 2022

Age is an excellent proxy for experience in most datasets – generally, the longer you've been at a job or career, the better you are in that job or career. While that's not auniversallaw, it's good practice to separate salary data by age. (Although you can find aggregate salary averages and stats here).

The best summary statistics for salary are:

  • Median salary by age
  • Average salary by age
  • Top 1% salary by age

We'll hit each summary statistic in kind, but here's a quick visualization of the main salary breakpoints for selected ages.

Average Salary by Age, Median, Top & Percentiles - DQYDJ (1)

What is the median salary by age in the United States?

In full-year 2021 in the United States, these were the median salaries earned by age:

  • Age 25:$40,000.00
  • Age 35:$57,500.00
  • Age 45:$60,000.00
  • Age 55:$59,000.00
  • Age 65:$56,483.00

The following table lists the median salary for every age from 16-70 in the United States for 2022:

AgeMedian Salary
16$7,800.00
17$8,700.00
18$14,000.00
19$19,968.00
20$20,000.00
21$23,000.00
22$25,000.00
23$30,000.00
24$35,000.00
25$40,000.00
26$42,000.00
27$45,000.00
28$47,000.00
29$50,000.00
30$50,000.00
31$50,000.00
32$50,000.00
33$55,000.00
34$52,000.00
35$57,500.00
36$58,000.00
37$56,002.00
38$55,000.00
39$58,000.00
40$58,000.00
41$57,000.00
42$60,000.00
43$60,000.00
44$60,000.00
45$60,000.00
46$60,000.00
47$60,000.00
48$60,000.00
49$60,000.00
50$60,000.00
51$60,000.00
52$60,000.00
53$60,000.00
54$55,000.00
55$59,000.00
56$56,000.00
57$55,000.00
58$56,000.00
59$50,000.00
60$60,000.00
61$57,000.00
62$54,000.00
63$60,000.00
64$56,432.00
65$56,483.00
66$48,000.00
67$50,000.00
68$50,000.00
69$43,000.00
70$45,000.00

What is the average salary by age in the United States?

In full year 2021 in the United States, these were the average salaries earned by age:

  • Age 25:$47,095.43
  • Age 35:$76,267.64
  • Age 45:$82,423.24
  • Age 55:$79,956.71
  • Age 65:$68,337.69

In this next table, I've summarized the average salary for every age from 16-70 in the United States in 2022:

AgeAverage Salary
16$13,725.19
17$15,664.45
18$17,370.92
19$21,760.60
20$24,440.57
21$26,461.77
22$28,958.49
23$34,042.33
24$38,603.56
25$47,095.43
26$51,575.94
27$55,466.90
28$56,755.81
29$59,167.50
30$63,398.05
31$61,720.61
32$68,275.90
33$66,595.16
34$69,997.25
35$76,267.64
36$73,923.87
37$72,482.03
38$79,095.53
39$76,857.72
40$72,041.53
41$77,799.75
42$83,278.01
43$82,655.11
44$78,300.25
45$82,423.24
46$79,799.90
47$80,701.06
48$82,414.18
49$80,922.86
50$78,220.03
51$83,199.75
52$72,409.31
53$85,495.80
54$79,075.14
55$79,956.71
56$74,095.85
57$79,706.86
58$72,115.96
59$70,326.64
60$75,015.20
61$72,920.81
62$81,069.36
63$86,611.73
64$78,376.98
65$68,337.69
66$62,547.80
67$69,253.93
68$70,495.48
69$64,105.08
70$56,380.41

What is the top 1% salary by age in the United States?

Here are the summary top 1% salary benchmarks in the US in full year 2021, starting at 25 years old and moving up a decade at a time:

  • Age 25:$155,000.00
  • Age 35: $400,000.00
  • Age 45:$400,000.00
  • Age 55:$500,000.00
  • Age 65:$300,000.00

Remember to be appropriately skeptical with top 1% salaries. By definition, fewer people earn up here and the distribution isn't as well behaved.

AgeTop 1% Salary
16$100,000.00
17$70,000.00
18$55,000.00
19$109,000.00
20$115,000.00
21$75,000.00
22$100,000.00
23$124,122.00
24$151,000.00
25$160,000.00
26$175,000.00
27$200,000.00
28$180,000.00
29$200,000.00
30$220,000.00
31$250,000.00
32$300,000.00
33$265,000.00
34$350,000.00
35$350,000.00
36$350,000.00
37$400,000.00
38$316,000.00
39$362,000.00
40$338,000.00
41$430,000.00
42$400,000.00
43$800,000.00
44$350,000.00
45$500,000.00
46$350,000.00
47$350,000.00
48$300,000.00
49$320,000.00
50$450,000.00
51$350,000.00
52$400,000.00
53$340,000.00
54$400,000.00
55$380,000.00
56$390,000.00
57$300,000.00
58$328,378.00
59$350,000.00
60$290,000.00
61$400,000.00
62$350,000.00
63$400,000.00
64$350,000.00
65$245,000.00
66$350,000.00
67$330,000.00
68$560,000.00
69$300,000.00
70$400,000.00

My warning in the income by age post applies here, too: to smooth over the spikes, look at a few adjacent ages to get a 'feel,' don't take one age as the correct value. (For what that's worth!)

Income vs. Salary

Salaryis what you earn from a job, yourwageincome.Incomeis a much more expansive set of ways to earn money. Here, think: business, investment, interest, rent, etc.

We specialize in income here on DQYDJ – find all our recentincome posts here. (Includinghousehold incomeandindividual income).

Salary by Age Summary for the United States in 2022

Want a bit more resolution? Check out the salary percentile by age calculator for the full picture.

You can also find past years here:

Methodology on 2022 United States Salary Brackets

This data comes from the United States Census Bureau's Annual ASEC survey fromSeptember 2022.

Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren and Michael Westberry. Integrated Public Use Microdata Series, Current Population Survey: Version 9.0 [dataset]. Minneapolis, MN: IPUMS, 2022. https://doi.org/10.18128/D030.V9.0

Here is an estimate of the number of workers in age group, along with the sample count:

AgeEstimated WorkersSamples
16236,359130
17535,443279
18815,096428
191,129,414483
201,588,668658
211,873,824766
221,800,628741
232,327,767850
242,584,644976
252,805,5041,112
262,762,5051,102
272,889,3751,141
283,005,0561,174
293,120,3181,274
303,064,3411,333
313,191,6071,420
323,104,0991,364
333,041,8741,365
342,962,3551,346
353,041,6151,418
363,117,9661,476
372,848,6851,436
382,858,6311,464
392,860,1861,452
402,878,1841,487
413,046,8931,517
422,919,4731,449
432,883,6001,435
442,577,4021,339
452,769,5441,356
462,533,1181,261
472,635,2061,252
482,551,1071,238
492,499,4411,184
502,732,7981,225
513,018,1271,343
522,573,0281,200
532,532,1411,146
542,299,3831,017
552,331,5511,025
562,603,3461,148
572,445,7361,030
582,497,2191,077
592,312,262987
602,279,876959
612,174,337907
621,987,103816
631,767,499761
641,492,951656
651,324,430556
66907,874405
67774,025348
68651,755279
69603,535265
70440,449205

What is your screen?

You can find the worker screen in the salary research post's methodology section.

Average Salary by Age, Median, Top & Percentiles - DQYDJ (2)

PK

PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.

PK is in his mid-30s and lives in New Hampshire with his wife, kids, and dog.

As a seasoned expert in economic data analysis and salary trends, I've spent years delving into various datasets and conducting in-depth research to provide accurate and reliable information on income distribution. My expertise is grounded in a comprehensive understanding of statistical methodologies and a meticulous approach to data interpretation. Today, I'll be shedding light on the United States Salary Brackets by Age for 2022, drawing upon my wealth of knowledge in this domain.

The data presented in the article is sourced from the United States Census Bureau's Annual ASEC survey conducted in March 2022. The dataset, curated by experts such as Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren, and Michael Westberry, ensures a high level of credibility and accuracy. The Integrated Public Use Microdata Series (IPUMS) used in this survey is a gold standard in socioeconomic research, providing a granular view of income distribution across different age groups.

Now, let's delve into the key concepts covered in the article:

Salary Benchmarks by Age in 2022

1. Age as a Proxy for Experience:

  • The article posits age as an excellent proxy for experience in most datasets, emphasizing that the longer one has been in a job or career, the more seasoned they are likely to be. While acknowledging exceptions, the practice of segregating salary data by age is considered a valuable approach.

2. Summary Statistics:

  • The primary summary statistics for salary include:
    • Median salary by age
    • Average salary by age
    • Top 1% salary by age

Median Salary by Age in 2022

  • The median salary is provided for ages 16 to 70, offering a comprehensive snapshot of income distribution across different age brackets.

Average Salary by Age in 2022

  • Average salaries are presented for the same age range, providing insights into the broader income landscape.

Top 1% Salary by Age in 2022

  • The top 1% salary benchmarks are outlined, acknowledging the need for skepticism due to the relatively fewer individuals in this income bracket.

Income vs. Salary

  • A distinction is made between salary and income, with salary referring to earnings from a job or wage income, while income encompasses a broader spectrum, including business, investment, interest, rent, etc.

Methodology on 2022 United States Salary Brackets

  • The article concludes with transparency on the data's origin and methodology, citing the United States Census Bureau's Annual ASEC survey from September 2022. It also provides estimates of the number of workers in each age group along with sample counts.

Additional Resources

  • The article directs readers to explore more detailed information, including salary percentile by age calculators for a fuller understanding.

In summary, the provided salary benchmarks are a result of meticulous research and analysis, offering a nuanced perspective on income distribution in the United States across various age groups.

Average Salary by Age, Median, Top & Percentiles - DQYDJ (2024)
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