GITNUX MARKETDATA REPORT 2024

Americans Earning Over 100K Statistics

The proportion of Americans earning over $100,000 annually is relatively low compared to the overall population.

Last Updated: June 20, 2024

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In this post, we explore a series of statistics revolving around Americans earning over $100,000 annually. From income distribution and demographic trends to lifestyle choices and beliefs, these statistics offer insights into the characteristics and behaviors of this segment of the population.

Statistic 1

"As of 2020, about 28.6% of American households have an income of $100,000 and higher."

Statistic 2

"The average household income of the top 1% in the United States in 2020 was about $540,000."

Statistic 3

"Most Americans earning $100,000 or more live in metropolitan areas."

Statistic 4

"As of 2019, 36% of men in the US earned over $100K compared to 16% of women."

Statistic 5

"Individuals who earn $100k+ are more likely to be married and have a college degree."

Statistic 6

"People earning over $100,000 annually are more likely to own stocks and real estate investments."

Statistic 7

"Software developers are one of the most common professions of individuals earning over $100k."

Statistic 8

"Over 50% of Americans making over $100k shop online and use Amazon Prime."

Statistic 9

"As of 2020, 27.2% of Asian-Americans earned more than $100K, the highest of any racial group."

Statistic 10

"The District of Columbia had the highest percentage of households (39.2%) making over $100K in 2019."

Statistic 11

"40% of Americans making over $100K live in the Northeast."

Statistic 12

"The average American attains an income of $100K at age 35."

Statistic 13

"Couples aged 25-34 years old have the highest percentage of earning over $100,000 annually."

Statistic 14

"More than 50% of Americans making over $100k are homeowners."

Statistic 15

"Over 90% of those earning $100,000 or more believe that hard work is the key to success."

Statistic 16

"Less than 10% of Americans over 65 earn more than $100,000 annually."

Statistic 17

"Americans who earn over $100k participate more frequently (approximately 55%) in politics and civic engagement."

Statistic 18

"Most $100k+ earners do their banking online."

Statistic 19

"Only 30% of Americans making over $100k a year consider themselves wealthy."

In conclusion, the statistics presented highlight various insights into Americans earning over $100,000 annually. These individuals are predominantly located in metropolitan areas and are more likely to be married, have a college degree, own stocks and real estate investments, and shop online. There are notable disparities between genders and racial groups in reaching this income threshold, with Asian-Americans and men more likely to earn six figures. Additionally, Americans in certain professions, such as software developers, are more represented in this income bracket. The data also shows that attitudes towards wealth and success vary, with a significant proportion of $100k+ earners engaging in civic activities and online banking, while only a minority actually consider themselves wealthy.