Income by Race: Average, Top One Percent, Median, and Inequalities

Written by:
PK

On this page, find United States average individual income by race and ethnicity and median individual income by race and ethnicity in 2024. You'll also find the top 1% individual income by race and ethnicity and an income by race and ethnicity calculator (and visualization). Incomes are earned between January and December 2023.

Optionally, plot multiple races and ethnicities in the tool to visualize income inequality by race.

We have statistics for:

  • White Non-Hispanic
  • Hispanic or Latino of any Race
  • Black
  • Asian
  • American Indian
  • Pacific Islander
  • Two or More Races

Average, Median, and Top 1% Income by Race and Hispanic Origin

This table contains the average, median, and top 1% individual income for selected races and ethnicities. Country-wide, the average individual income was $73,471.51 the median income was $50,200.00, and the top 1% income was $430,000 in 2024.

Average IncomeMedian IncomeTop 1% Income
White Non-Hispanic$82,308$58,802$489,209
Black$57,836$43,690$283,953
American Indian$53,718$40,002$253,107
Asian$95,408$65,000$530,106
Pacific Islander$54,582$40,050$259,100
Two or More Races$60,768$42,000$369,302
Hispanic or Latino of Any Race$50,547$37,000$265,002

Race and Ethnicity Income Visualization, Comparison, and Tool

Below is a calculator for income percentile by race and ethnicity. Enter race or ethnicity and income earned in full-year 2023, and we'll plot it against other earners in the same cohort. Additionally, you can visualize income inequality by race by adjusting the comparison field.

Income Percentile by Race and Ethnicity Methodology

This data uses 2024 IPUMS-CPS data to calculate incomes. See the income percentile calculator for more details and a description of my "worker" screen. The HISPAN variable is how I determine Hispanic or Latino of Any Race. The RACE variable maps to most of the tool entries, though Two or More Races comes from RACE > 700.

Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren, Daniel Backman, Annie Chen, Grace Cooper, Stephanie Richards, Megan Schouweiler, and Michael Westberry. IPUMS CPS: Version 11.0 [dataset]. Minneapolis, MN: IPUMS, 2023. https://doi.org/10.18128/D030.V11.0

Workforce Size by Race

The next table shows the samples used in the calculation, and the weighted estimate of the workforce size by race and ethnicity:

SamplesEstimated Workforce
White Non-Hispanic44081106823947
Black764721782913
American Indian7771260444
Asian557412121286
Pacific Islander355589581
Two or More Races15373277254
Hispanic or Latino of Any Race1633134532596

Interested in past data? Find previous editions here:

      

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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