Income Calculator
To calculate your income percentile (US data), enter your current age and gross income (pre tax) and hit “Calculate”:
For instance, if you're 40 years old and you're making $120,000, you're in the top 10% of earners:
How Did You Calculate This?
The data reflects the averaged pre-tax (gross) income in the US earned in the full year by age. I used a simplified version of the dqydj data that comes from the US census data (United States Census Bureau's Annual ASEC survey) and a harmonized version of this raw data set.
For instance, the data suggests that these are the 2023 average (pre-tax) incomes by age:
- Age 25: $47,532.13
- Age 35: $72,495.66
- Age 45: $81,641.88
- Age 55: $83,970.61
- Age 65: $81,809.77
The top 1% individual income by age in the US earn as follows:
- Age 25: $170,010.00
- Age 35: $420,000.00
- Age 45: $634,650.00
- Age 55: $453,051.00
- Age 65: $432,372.00
Another representation of the same data showing the top 10% of earners make far more than the remaining workforce -- income is Pareto Distributed so the 80/20 Principle applies.
You can leverage this by following this blog tutorial:
📈 Recommended: The 80/20 Principle in Programming
By the way, you can download the free chapter of my NoStarch book on this topic here (direct PDF download link).