How much does the average American make? If you're like most people, you're probably wondering about the state of the economy and a few other things, and are now asking, in response to these uncertain times, how much does the average American make?
The question, How much does the average American make?, can only be answered when taking into account several factors, which are:
• The geographic location of the average American (West Coast, East Coast, Deep South, Southwest, Midwest, etc., etc.)
• The average salary of the average American versus the median salary of the average American
• The occupation of the average American in question
In terms of geography, people living on the West Coast (and in this article, this includes Las Vegas) and on the East Coast typically earn anywhere from $10,000 to $15,000 more a year in a given occupation than people doing the same occupation in the Deep South, the Southwest, or the Midwest. (A software developer at Microsoft Corporation in Redmond, Washington, for instance, earns an average of $90,000 a year. A software developer doing the same work in the Midwest, say, earns an average of $75,000 a year.)
Keep in mind that while salaries on the West Coast and on the East Coast are higher than those of the Midwest, Deep South, and Southwest, the cost of living on the West Coast and on the East Coast is considerably higher than that found in the Midwest, Deep South, and Southwest.
The average American income, according to recent U.S. Census Bureau information, is $43,362. This average is found by adding the total dollar amounts earned by Americans and dividing that dollar amount by the number of Americans.
The median American income, on the other hand, is the point at which one half of the salaries are above the point, and one half of the salaries are below that point. In this case, the median American income, according to recent U.S. Census Bureau information, is $32,140. That is, one half of American salaries are above $32,140 a year. The other half are below $32,140 a year. Depending upon where you live, living on $32,140 a year will not allow you to live like a king. (On the other hand, the same American-dollar amount could allow you to live like a king in certain African and Third World countries.)
When asking, How much does the average American make?, you need to take into consideration the occupation of the American. If you're talking about the average American blue-collar salary, that average income is rapidly dropping because of a decrease in the construction and housing industries. If you're talking about the average American white-collar salary, that average is dropping in the banking and financial sectors, but increasing in others, like medical.
Overall, as long as inflation continues, as it has for almost the past one hundred years, the average American salary and the median American salary will continue to rise. Perhaps the question is not, How much does the average American make?, but, How much is my money really worth? Only after this question is answered can you really find the answer to the question, How much does the average American make?