We present this Net Worth Percentile calculator for 2016 household wealth percentiles for the United States. Enter a net worth and the tool calculates where that net worth falls in US wealth brackets. Wealth percentile calculations can be done with the value (equity) of any primary home or without. Data is from the 2016 Survey of Consumer Finances, first released publicly in 2017.
For a snapshot of this information, see our net worth bracket article. To divide by ages, see the net worth percentile by age calculator. For income calculators, try: individual income, individual income by age, and income by household.
Accredited Investors in America Based on Net Worth
To invest in the real estate crowdfunding platform RealtyShares, private equity funds, angel funds, venture capital, hedge funds, , and other types of private investments an investor needs to be an Accredited Investor. In America, the most common way to qualify is through net worth, having a net worth of $1,000,000 not including equity in a primary residence.
We estimate that of the ~12.4 million accredited investor households, around 11.3 million qualify just through the net worth criteria. Investors can also qualify through individual or household income.
Here is our math on the number of accredited investors in America.
Who Are the 1% in Wealth in America?
Please also see our article on the one percent in net worth and income in America. However, for a quick cut, let’s look at what this data reveals.
The 1%, as commonly stated, usually refers to the top 1% of income earners in the United States. We’re instead fans of using net worth – as our co-writer points out, it’s easy to convert net worth to income but not always vice versa.
- The top 1% is roughly the highest wealth 1,259,817 households. (This data represents around 125,981,700 households.)
- Net worth of over $10,374,030.10 would put a household in the top 1% with the 2016 data.
And how about the .1%?
At this point, you’re stretching the dataset quite a bit. We’ll provide a number, but please note that it is probably a couple million dollars away in either direction from the ‘true’ value.
- Roughly 125,981 households have the top .1% of net worth.
- More than $43,090,281.00 in wealth would put a household in the top .1% with 2016 data.
How Many Households Have Between $1,000,000 and $2,000,000 in Net Worth? (Or Other Boundaries)
We’ve built an estimate of the number of households between net worth thresholds directly into the tool. You can get a rough cut of any two numbers you’d like simply by subtracting or multiplying. Let’s do it together for households between $1 million and $2 million in net worth:
- $1,000,000 in wealth is near the 88% in America. Around 15,117,804 households matched this bracket or more.
- $2,000,000 in wealth is around the 93.5% in America. Around 8,188,810 households or so matched this net worth or more.
There are two ways to compute the rough number of households:
15,117,804 – 8,188,810 = Roughly 6,928,994 households in America have between $1,000,000 and $2,000,000 in wealth. (call it 7,000,000)
93.5% – 88% = 5.5%.
5.5% * 125,981,700 = 6,928,993.5 or 6,928,994 households.
If you’re interested in millionaire research, see our post on the number of millionaires in America. We look at millionaires, decamillionaires and many more breakdowns of this wealth data.
Source and Methodology on the Net Worth Percentile Calculator for 2016
Our data comes from the 2016 Federal Reserve Survey of Consumer Finances. It encompasses 6,248 actual American households in the public set. Those households are spread across 5 sets with replicate weights, and weight to 125,981,700 households. We turn this into 200 quantiles, so wealth is estimated to the half percentage. See our article on wealth brackets for more details on methodology.
Net worth numbers come from the Federal Reserve’s provided macro. We also make estimates ignoring primary home equity by taking the estimated value of the primary residence and subtracting from it all debts secured by the residence. This includes mortgages, home equity loans, and similar.
Note: remember that if you sell a primary residence you still need to pay rent. We aren’t fans of this calculation method but we heard your arguments and built it into the tool.
A note on accuracy: SCF data is self-reported and is presented to you today as the result of a complex survey design. The survey data includes a warning: “[B]ecause detailed information on the sample design cannot be released, and because of the complexity of the SCF design, users cannot apply some of the standard procedures for variance estimation.”
For research, information and estimation purposes, you can trust the numbers you see. For anything where you need more detail, run the numbers or go knock on some doors yourself.
What Do We See in This Year’s Wealth Percentile Data?
The data is perfectly comparable to the 2013 SCF data, and we’re happy to report that every single net worth bracket increased in wealth over the three years between surveys. Be careful not to draw improper conclusions – the data is not longitudinal, so we can’t state with certainty that individual households improved. However, the static data shows an improvement at every breakpoint.
Here’s the improvement at every wealth decile versus the 2013 wealth percentile calculations:
|Net Worth Bracket||2016 Wealth Breakpoint||2013 Wealth Breakpoint||Difference|
Here’s the same information in easy-to-share graph format:
Looking for a net worth breakdown by snapshots? Try the net worth bracket post. For research on round number breaks like millionaires, see our millionaires in America article.