Income Percentile Calculator for the United States in 2023

October 8th, 2024 by 
PK

Below is an individual income percentile calculator for the United States in 2023. Enter pre-tax, gross income earned in full-year 2022 – January to December – to compare to the US individual income distribution. You can select to compare versus all workers, all workers who typically work 30 hours or more per week, or all workers who typically work 40 hours or more per week.

(For a complete picture, see the household income calculator).

(Math and methodology in our average, median, and top 1% individual income post)

After try our income percentile by state and income percentile by city calculators. Or, switch to the household income calculator.

Individual Income Percentiles for the US Income Distribution in 2023

In this graph we developed for the average individual income post, we compare single-person earnings between 2022 and 2023.

(2022 numbers are CPI adjusted.)

What was the median individual income in 2023?

In the United States, median individual income was $50,000 in 2023.

What was the average individual income in 2023?

In the United States, average individual income was $69,029.61 in 2023.

What was the top 1% individual income in 2023?

The United States threshold for a top 1% individual earner was $407,500.00 in 2023.

In 2023, what was the threshold for the top 10% individual income in the United States?

The top 10% of individual earnings started at $135,605 in the United States in 2023.

In 2023, what was the threshold for the top 5% individual income in the United States?

The top 5% of individual earnings started at $187,506.00 in the United states in 2023.

How many people made $50,000 or more in 2023?

89,229,535 workers – 50.0% of the workforce – made $50,000 or more.

How many people made $100,000 or more in 2023?

33,510,143 workers, or 18.8% of all individual workers, made a six-figure income.

How many people made $250,000 or more in 2023?

4,946,579 workers, or 2.78% of the workforce, made a quarter million or more in income.

How many people made $500,000 or more in 2023?

.7% of workers, or around 1,328,910 people in the United States made a half million or more in income.

How many people made $1,000,000 or more in 2022?

Somewhere around 473,981 people made a seven figure income in 2023. That's less than .3% of the workforce.

(Talking about millionaires is usually more appropriate for net worth.)

What is considered a good individual income?

A good income in the United States started around $58,100 in 2023. That's the median individual income for a person who typically worked 40 or more hours per week. A high income is $95,004, the 75th percentile of earnings for 40+ hour workers.

If you prefer to only look at salary – see the salary percentile calculator here.

These numbers are location dependent. In most of the country, they would provide you with a very good income. See our income by city post as income ranges vary widely by geography. (We also have income by state.)

Source and Methodology on the 2023 Individual Income Percentile Calculator

Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren and Michael Westberry. Integrated Public Use Microdata Series, Current Population Survey: Version 10.0 [dataset]. Minneapolis, MN: IPUMS, 2022. https://doi.org/10.18128/D030.V10.0

For methodology, see the individual income bracket post. The only additional screens in this calculator were for workers reporting 30+ and 40+ hours a week or work, respectively – you can choose which one you like better for "full-time".

Want to see changes over time? Try our calculators from years past:

      

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 lives in New Hampshire with his wife, kids, and dog.

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