Average Salary by Age plus Median, Top 1%, and All Salary Percentiles

Written by:
PK

In this post are United States Salary Brackets by Age for 2024. You'll also find average salary by age, plus median and top 1% salaries by age.

Salaries/wage incomes are gross (pre-tax), earned between January and December 2023 (the survey was conducted in early 2024).

Salary Benchmarks by Age in 2024

Age is an excellent proxy for experience in most datasets – generally, the longer you've been at a job or career, the better you are in that job or career. While that's not a universal law, it's good practice to separate salary data by age. (Although you can find aggregate salary averages and stats here).

The best summary statistics for salary are:

  • Median salary by age
  • Average salary by age
  • Top 1% salary by age

We'll hit each summary statistic in kind, but here's a quick visualization of the main salary breakpoints for selected ages.

What is the median salary by age in the United States?

The following table lists the median salary for every age from 16-70 in the United States for 2024:

AgeMedian
16$8,000
17$8,500
18$13,000
19$20,000
20$25,000
21$26,400
22$30,000
23$33,000
24$37,000
25$45,000
26$46,800
27$47,000
28$50,000
29$55,000
30$55,000
31$55,000
32$58,000
33$60,000
34$60,000
35$61,500
36$60,000
37$60,000
38$60,000
39$62,500
40$60,000
41$60,000
42$62,400
43$65,000
44$61,250
45$60,000
46$65,000
47$60,000
48$65,000
49$65,000
50$70,000
51$65,000
52$65,000
53$64,000
54$65,000
55$65,000
56$60,000
57$65,000
58$60,000
59$60,000
60$60,000
61$60,000
62$65,000
63$58,000
64$60,000
65$55,000
66$55,735
67$50,000
68$50,000
69$43,664
70$44,000

What is the average salary by age in the United States?

In full year 2023 in the United States, these were the average salaries earned by age:

AgeAverage
16$16,639
17$12,458
18$21,416
19$22,838
20$28,768
21$30,679
22$35,484
23$36,977
24$46,846
25$53,773
26$55,877
27$57,949
28$63,880
29$66,843
30$70,563
31$70,605
32$75,465
33$74,207
34$78,259
35$82,871
36$79,976
37$81,096
38$82,189
39$89,416
40$79,075
41$84,733
42$82,533
43$84,979
44$84,257
45$82,812
46$94,829
47$84,854
48$87,247
49$89,112
50$90,322
51$87,455
52$89,900
53$84,524
54$85,936
55$80,705
56$80,017
57$88,297
58$83,693
59$78,190
60$79,135
61$83,350
62$83,546
63$73,338
64$82,584
65$79,653
66$76,361
67$69,976
68$80,264
69$69,244
70$75,102

In this table, I've summarized the average salary for every age from 16-70 in the United States in 2024.

What is the top 1% salary by age in the United States?

Here are the summary top 1% salary benchmarks in the US in full year 2023.

Remember to be appropriately skeptical with top 1% salaries. By definition, fewer people earn up here and the distribution isn't as well behaved.

AgeTop 1% Wage
16$85,000
17$85,000
18$88,000
19$108,000
20$86,406
21$100,000
22$115,000
23$119,225
24$179,998
25$200,000
26$190,000
27$200,000
28$300,000
29$270,000
30$300,000
31$300,000
32$300,000
33$278,002
34$400,000
35$400,000
36$380,000
37$380,000
38$430,000
39$500,000
40$410,000
41$410,000
42$400,000
43$400,000
44$400,000
45$400,000
46$920,000
47$500,000
48$440,000
49$500,000
50$420,000
51$450,000
52$450,000
53$430,000
54$430,000
55$350,000
56$300,000
57$530,000
58$500,000
59$370,000
60$350,000
61$500,000
62$400,000
63$350,000
64$550,000
65$450,000
66$400,000
67$360,000
68$750,000
69$600,000
70$550,000

My warning in the income by age post applies here, too: to smooth over the spikes, look at a few adjacent ages to get a 'feel,' don't take one age as the correct value. (For what that's worth!) 

Income vs. Salary

Salary is what you earn from a job, your wage income. Income is a much more expansive set of ways to earn money. Here, think: business, investment, interest, rent, etc.

We specialize in income here on DQYDJ – find all our recent income posts here. (Including household income and individual income).

Salary by Age Summary for the United States in 2024

Want a bit more resolution? Check out the salary percentile by age calculator for the full picture.

You can also find past years here:

Methodology on 2024 United States Salary Brackets

This data comes from the United States Census Bureau's Annual ASEC survey from September 2023.

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

Here is an estimate of the number of workers in age group, along with the sample count:

AgeEstimated Wage EarnersSamples
16309,356158
17516,815268
18853,747436
191,261,612502
201,626,486625
211,897,249727
222,187,201786
232,423,917896
242,835,2291,026
252,965,5281,074
262,856,3071,070
273,018,2811,150
282,871,8781,129
293,125,9191,201
303,126,7411,275
313,273,7911,340
323,438,5691,420
333,411,2371,446
343,264,7591,383
353,158,8551,388
363,104,2951,383
373,150,0621,450
383,066,0401,402
393,122,5841,454
403,055,2781,381
413,003,9421,378
422,998,9191,397
433,143,4561,459
442,865,3541,320
452,861,5101,325
462,811,8271,321
472,801,6421,278
482,614,1471,239
492,668,4291,191
502,655,0821,156
512,577,0651,140
522,610,5001,135
532,815,0131,193
542,783,1781,171
552,395,396998
562,292,141952
572,439,293980
582,482,1781,011
592,357,482966
602,333,909942
612,349,878916
621,932,996768
631,770,931702
641,679,679676
651,294,874535
661,073,586444
67897,767379
68780,434324
69668,732277
70566,465241

What is your screen?

You can find the worker screen in the salary research post's methodology section.

      

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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