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Data source: Federal Reserve 2022 Survey of Consumer Finances. As shown above, the median American household reported a retirement account balance of $87,000 and a net worth of $192,700 in the ...
The median net worth, conversely, is the middle value when all individual net worths in a population are ranked from smallest to largest. If there is an even number of individuals, the median is ...
The Average vs. Median Net Worth As of the latest data from the Federal Reserve’s 2022 Survey of Consumer Finances, the average net worth of American households is approximately $1.06 million.
Further, average net worth outgrew median net worth from 2019 through 2022. [ 28 ] Though the 10th percentile of American households have zero net worth, the 90th percentile has $1.6 million of household wealth.
The net average wealth is calculated by subtracting the debt from the mean financial wealth. The adult financial wealth is the total value of financial worth, or the sum of their overall financial assets minus liabilities. Financial wealth takes into account: savings, monetary gold, currency and deposits, stocks, securities and loans.
The following median household income data are retrieved from American Community Survey 2021 1-year estimates. In this survey, the nationwide population was 331,893,745 in 2021. [ 2 ] The median household income in 2021 across the general population (all races and ethnicities included) was $69,717.
The Average vs. Median Net Worth As of the latest data from the Federal Reserve’s 2022 Survey of Consumer Finances, the average net worth of American households is approximately $1.06 million.
Map of municipalities by median household income (ACS 2015-2019). Areas with higher income are shaded more blue, areas with lower income are shaded more red. New Hampshire is the state with the seventh highest median household income in the United States: $89,992 as of 2022. [1]