US Income Distribution 2015

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Income data from the 2015 US census reveals some insight. 39% of all households had two or more income earners resulting in 25% of households having a combined income above $100k. Meanwhile, only 9% of US workers (population age 15 or older) have individual incomes over $100k. These high earners are typically associated with high education levels as half of all people with graduate degrees are also among the top 15% of income earners (individual incomes greater than $75k).

In 2015, US median personal income was $30k and the mean personal income was $44k. For the US population aged 15 and above, 43% make less than $25k, 70% make less than $50k, 84% make less than $75k, and 91% make less than $100k. Similar data is displayed in the bar chart above – one chart shows the distribution for ages 25 through 64 and the other for ages 25 and above.

Cities and Affordability

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Above is a map displaying median home prices by city and the salary needed to afford living there. Most of the mid-west and south have affordable housing requiring income’s below the US average. (Currently US average income is around $53,750) The most expensive cities to live in are located in the northeast and in California. Current data indicates that San Francisco is the most expensive city to afford with a needed salary of $147,996. This is followed by San Diego at $103,165, Los Angeles at $95,040, New York at $86,770, Boston at $83,151, Washington DC at $78,626, and Seattle at $78,425.