Many chemists, physicists, doctors, and other highly educated scientists work at LANL, and the average salary reflects that. This is because of the Los Alamos National Laboratory, a high-profile lab best known for being the birthplace of the atomic bomb. It also has the highest concentration of millionaires anywhere in the country. You might not have expected Los Alamos to be the #1 highest-earning metro area in the country, either. Clearly, its large number of low-income earners cancels out its plethora of hotshot bankers and lawyers. What is a bit surprising is to see the New York City metro absent from this list. It's not surprising to see tech hubs like San Jose and San Francisco on this list. But your earnings might also peak before declining as you near retirement. income by ageĪs you progress in your career, your earnings usually climb. For now, the best women can probably do is be their own advocates and continuously research salary data for their industries to ensure that they're not being shortchanged on the basis of gender alone. It's clear that closing the wage gap will take a lot of work. Here's what those numbers look like for women: The disparity exists among government workers, too. For women, that number comes in at $39,308. Meanwhile, males engaged in private non-profit work earn a median income of $47,363. And that's telling, since self-employed folks often get to dictate their own rates. Self-employed men, meanwhile, have a median income of $61,091. The median income among private-sector male employees is $41,944. It's no secret that men out-earn women, even in situations where both have similar roles and qualifications. It's a tricky problem with no particularly good solution at present. Many families can't afford child care, but they also can't afford to slash their household income in half.
The need for multiple incomes often poses challenges with regard to having children. The median income among households with a single earner is $52,557 - among two-earner households, it's $98,586. High living costs coupled with stagnant wages explain why so many households consist of multiple earners. Despite a higher standard deduction and numerous tax credits available to families with children, households with multiple dependents still have a hard time keeping up. These numbers explain why so many larger families struggle financially, and why some people may be hesitant to have more than a couple of children.Ĭompounding the problem is the fact that 2017's Tax Cuts and Jobs Act did away with the personal exemption, which was formerly a saving grace for families with multiple dependents. Case in point: The median income for a four-person family is $94,593, but among families with seven or more people, it's $85,999. Past the four-person mark, household income tends to drop. Median income increases as family size grows, but only to a point. Here's a more in-depth breakdown of what U.S. So $61,937 may be a more accurate representation of typical household earnings. In short, a few people who make a lot of money boost the average. When the median is considerably lower than the average, it means that there are outliers on the top end. household income was $87,864, while the median household income was $61,937.
0 kommentar(er)
