Average income by age for Americans. How well are you doing in comparison?
The average salary for ages 1619
Because people in their teen years are often getting their first jobs, these are typically positions that dont require a degree or much experience.
Average Weekly Salary: $435
Average Monthly Salary: $1,885
Average Annual Salary: $22,620
The average salary for ages 2024
While some people are beginning to earn more with experience in industries like service or construction, others continue to enter the workforce for the first time. Because some people are in college during these years, they are typically working fewer hours in a job to have time for their studies.
Average Weekly Salary: $576
Average Monthly Salary: $2,496
Average Annual Salary: $29,962
The average salary for ages 2534
As people reach the 2534 age bracket, they have more work experience and potentially begin to receive raises and promotions. So, on average, there is a significant increase in pay during these years.
Average Weekly Salary: $793
Average Monthly Salary: $3,436
Average Annual Salary: $41,236
The average salary for ages 3544
As people mature in their careers, they may decide to take on management roles, change careers, step away or continue advancing. Earning potential continues to increase during these years.
Average Weekly Salary: $986
Average Monthly Salary: $4,272
Average Annual Salary: $51,272
The average salary for ages 4554
Between ages 45 and 54, people tend to reach their earning peak. While some begin entering into retirement, others continue to advance into top-level positions with years of experience to support them.
Average Weekly Salary: $1,004
Average Monthly Salary: $4,350
Average Annual Salary: $52,308
The average salary for ages 5564
There is a decline in average salary during these years as more people begin entering retirement.
Average Weekly Salary: $970
Average Monthly Salary: $4,203
Average Annual Salary: $50,440
The average salary for ages 65 and older
As more people retire, still others are working in high-level positions and others may re-enter the workforce to continue earning wages.
Average Weekly Salary: $911
Average Monthly Salary: $3,947
Average Annual Salary: $47,372
Source:
http://www.indeed.com/career-advice/...-salary-by-age