Overview of Average Salary in US per Month Trends
In 2015, U.S. average salary per month was approximately $3,504.58. This figure has steadily increased each year, reflecting broader economic trends such as inflation, labor market tightness, and shifts in industry practices.
Gradual Increases Through the Years
By 2016, average salary in us per month had risen slightly to $3,604.17. The trend continued with a consistent annual increase. In 2017, average earnings grew to $3,722.08, and by 2018, they reached $3,839.33. This gradual increase can be attributed to a recovering economy post-recession, with businesses and industries expanding and increasing wages to attract and retain talent.
Acceleration of Average Monthly Salary in US Post-2019
The year 2019 marked a significant bump in earnings to $3,973.83, influenced by economic growth and possibly adjustments in minimum wage laws in several states. As the economy strengthened, average salaries saw a more pronounced rise. By 2020, the average monthly earnings had jumped to $4,268.42, a substantial increase likely impacted by a competitive labor market and higher living costs.