How much is the average salary for US workers? Salaries vary based on gender, education, occupation, industry, geographical location, ethnicity, and other factors. Here’s information on the average salary in a variety of categories, and calculators to use to determine the salary for specific occupations.
According to the Bureau of Labor Statistics, the median wage for workers in the United States in the fourth quarter of 2016 was $849 per week or $44,148 per year for a 40-hour work week.
Wages were 2.9 percent higher than at the same date for the previous year, a gain of 1.8 percent. However, salaries can vary significantly based on both on occupation and location. For example, people working in professional, management and related occupations earned an average of $63,076 annually, while those working in service occupations only earned an average of $28, 080 annually. Jobs in large metropolitan cities which have a higher cost of
living tend to pay more than jobs in more rural areas.
The BLS reports that for the fourth quarter of 2016, men earned a median average of $927 per week while women earned only $758 or 81.8 percent of what males earned.
Workers age 25 and over without a high school degree had median weekly earnings of $519 at the end of 2016 compared with $698 for high school graduates. College graduates with at least a bachelor’s degree earned $1,270 per week. College graduates with advanced degrees earned a median average of $1476 each week.
What’s the difference between the average salary for a job and the median salary? The median salary (also called the midpoint) for a job is the wage at the middle of a range. Half of the workers in the United States earn below this level and half earn above it.
The average salary (also called the mean) for a job is an average of all the salaries for a specific job. To get the average salary, you add all the salaries for a job and divide it by the number of people working at that occupation. As mentioned above, the average salary can vary based on location, the supply and demand for the job, and other factors.
Average median salary has increased for about 2.39% in European Union in 2016, resulting in average EUR 1508 monthly up from EUR 1469 in 2015
It’s interesting to observe that the median EUR 1,500 average wage divides EU by half – there are 14 countries were average wage is above that line, and there are 14 countries were average salary is bellow median. There are roughly 505 million population of EU in 2016. Countries were median average wage is bellow EUR 1,500 make a population of about 125 million, that’s about a 25% of overall population in EU.
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– Read more: https://www.reinisfischer.com/average-salary-european-union-2016