What Are The Highest-Paying Jobs in the U.S.? (2024)

FAQs

What Are The Highest-Paying Jobs in the U.S.? ›

1. Chief Executive Officer (CEO) This post comes with a lucrative salary and high authority, with an overall employment rate supposed to show an average rise of 8% between 2020 and 2030. Approximately 247,100 openings for top executives are posted on job portals each year.

1. Chief Executive Officer (CEO) This post comes with a lucrative salary and high authority, with an overall employment rate supposed to show an average rise of 8% between 2020 and 2030. Approximately 247,100 openings for top executives are posted on job portals each year.

The highest paying jobs in the U.S. are all in medicine, according to the Bureau of Labor Statistics. Chief executives and airline pilots are also among the highest paid professions.

Top 5% income

You'll start to see dramatic shifts in the top 5%, where the EPI found the average earners significantly increased to $343,000 in 2020, up from $324,000 the year before. While that's certainly a lot, there's a growing trend of even more cash flowing to — flooding even — those at the top of the heap.

What job has the most millionaires? ›

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

Tesla's CEO Elon Musk is the highest paid CEO in the world. His salary was USD 23.5 billion approximately in the year 2022.

If a worker works 52 weeks a year, this equates to a national annual salary of $51,168, up 5.1 per cent from the previous year. Any sum beyond that should be regarded as a good salary; however, this is not always the case.

Undoubtedly, working as an entrepreneur is one of the best careers that can make you a billionaire. From tech to media and retail to healthcare, 10-digit fortunes have been forged in numerous industries.

How much does a Millionaire make? As of May 30, 2023, the average annual pay for the Millionaire jobs category in the United States is $47,712 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.94 an hour.

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

Who can make 500K a year? ›

Working as an entrepreneur is one of the best careers that can help people earn over $500,000 a year because a lucrative business established in the right market at the right time can turn into a multi-million-dollar success.

Earning more than $100,000 per year would put you well ahead of the median American household, which brings in $74,784 as of 2021. Assuming you're an individual without dependents, that salary would qualify you as upper class, according to three different definitions (Brookings, Urban Institute and Pew Research).

According to Credit Suisse, individuals with more than $1 million in wealth sit in the top 1 percent bracket. The billionaire class is $2.6 trillion richer than before the pandemic, even if billionaire fortunes slightly fell in 2022 after their record-smashing peak in 2021.

They found that the top 20% of all Americans earn over $130,000 in income. Thats over 5 times more than the bottom 20%.

What is this? So at $40 an hour of full-time work, you make more than the average person in the US. That means you still need to be mindful of where you live (cost of living), either the city as a whole or your specific neighborhood, as your housing is where you'll spend most of your paycheck.

According to the US Bureau of Labor Statistics (BLS), the median annual wage across all occupations in 2021 was $58,260 [1]. For a person living in Phoenix, Arizona, where the median wage is $56,610, earning above the national average may be considered very good.

What is a low salary in the US? ›

The federal minimum wage for covered nonexempt employees is $7.25 per hour.

It is a well-known fact that 90% of the world's millionaires have made their fortunes through their timeous investments when buying, selling and renting out properties.

“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago.

A low-stress high-paying job is a role that offers above-average compensation without requiring large time or emotional commitments from employees. Even though these jobs might be challenging, they typically offer highly skilled individuals opportunities to complete specific tasks on a more relaxed timeline.

Some of the best jobs without a degree that pay $80K are tech roles such as software developer, database administrator, and information security analyst. These are great options because you can gain the necessary skills through a bootcamp or independent study over a short period of time.

Who is richest CEO in the world? ›

1. Elon Musk, Tesla: $23.5 billion. Tesla CEO Elon Musk. Musk, the founder and CEO of SpaceX and Tesla, “realized” compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018.

Walmart had about 2.3 million employees in 2022, the highest of all companies worldwide that year.

According to a Pew study released last fall, the median income of middle-class American households is $70,784, based on Census data from 2021, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

Can I Live off $23 Per Hour? At this $23 hourly wage, you are close to double the minimum wage. Things should be easy to live on this $23 hourly salary or just above $47,000 a year.

No mater how you cut it, though, $1,000 an hour is impressive. Bill the annual average of 2,200 hours and that's a nice $2.2 million in gross pay.

$50 an hour is how much a year? If you make $50 an hour, your yearly salary would be $104,000.

$100,000 is $48.08 an hour without vacation time.

If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work. So $100,000 a year in income divided by 2,080 is a $48.08 hourly wage.

In 2021, the top 1% earned more than twice the income of the top 5% nationwide. While the top 1% earned almost $600,000, you only needed to pull in $240,712 to crack the top 5% of U.S. earners, according to SmartAsset.

What salary is top 10 in US? ›

Top 10% income

The average earnings of those in the top 10% were roughly $173,000 in 2020, according to a study by the Economic Policy Institute (EPI). Landing in the top 10% is a fairly attainable goal for upwardly mobile Americans.

One study said happiness peaked at $75,000 in income.

In fact, the average American household earns a median income of under $70,000, but in some places, the top 1% can earn as much as $955,000. Those annual earnings can seem far out of reach in a country where less than 10% of all households earn more than $200,000, according to the U.S. Census Bureau.

Is making $10,000 a month good? Yes, most people would consider $10,000 a month to be a good income. If you earn $10,000 a month, your gross income will be $120,000 a year. For the average person, that's more than enough to live on, and you'll likely be able to build a healthy savings with that income as well.

A middle class job is a term used to describe the professional, non-manual jobs that are thought to be responsible for most of America's economic growth. Middle class jobs require at least an associate's degree, if not a bachelor's degree (or higher), and they pay relatively well compared to lower-class jobs.

How much does a $20 An Hour make? As of May 30, 2023, the average annual pay for a $20 An Hour in the United States is $40,760 a year. Just in case you need a simple salary calculator, that works out to be approximately $19.60 an hour. This is the equivalent of $783/week or $3,396/month.