Average American Income Trends (2025)

A Century of Rising Incomes in America

In 1929, the average American income was $699, but the Great Depression reduced it to just $375 by 1933. By the end of World War II in 1945, it had rebounded to $1,260, marking the beginning of a long period of growth.

The postwar boom pushed incomes higher, reaching nearly $3,000 by the mid-1960s and surpassing $4,000 in 1970. Despite periods of economic turbulence, the upward trend continued, with income breaking $10,000 in 1980 and approaching $20,000 by 1990.

By the close of the century in 1999, the average American income had climbed to $28,600—over forty times higher than at the depths of the Great Depression, a testament to the nation’s long-term economic expansion.

Average Income in the 21st Century

In 2000, the average American income was about $31,000. By the mid-2000s, it had grown past $35,000, reaching over $40,000 before the 2008 financial crisis. Although incomes dipped slightly in 2009, they quickly rebounded and climbed to nearly $49,000 by 2016. The upward trend accelerated in the late 2010s, passing $55,000 in 2019 and approaching $59,000 in 2020. By 2024, incomes had soared to roughly $72,000—more than doubling since the start of the century.

Why the Average U.S. Income Per Person Matters to You

Learning about income trends helps you make better money decisions. Whether you're investing, looking for a new job, or just trying to budget, comparing your income to the average can help you understand your financial health.If you're interested in the economy, knowing the average American income can give you a sense of the economic climate, which influences how people feel and how they spend their money.

In conclusion

The data on how much the average American makes gives us insights into the U.S. economy's history and strength. These income trends will stay important for understanding the nation's economic health and for planning your finances. Remember these trends when you make financial choices that consider both the past and what might happen in the future.