US Income Percentile Calculator

What are individual and household income percentiles?

Let’s start by explaining the terms: What are individual income and household income? Individual income are income that you earn as an individual from your own income sources. For this reason, it is also called personal income. On the other hand, the household income are the income earned by a set of individuals that share a common residence. In most cases, this will be a single family. That is why we also call it family income.

So, what are income percentiles,how to calculate percentiles? Income percentiles are a useful statistic that will help you to position your income relative to the society that you belong to. It can tell you how much better or worse you are off on the income scale than your fellow citizens. So, now you are definitely asking, How do I calculate my income percentile? This is what we are here to explain to you.

What percentile is my income? The US income percentile calculator

With our US income percentile calculator, you will be able to get your US household income percentile and US individual income percentile in a couple of minutes. For this example, let’s use Candy as an example:

• Name: Candy
• Nationality: US citizen
• Income type: Individual
• Income: $100,000

There are only three steps involved:

1. In the first step, you want to choose between your individual income and your household income. This will be done via a drop-down list in our US income percentile calculator. In this case, Candy wants to find out her individual income.
2. Determine your income
   After you have selected your income type, you will insert the income value. In this case, Candy’s income is $100,000.
3. The last step is to take a look at the results produced by our US income percentile calculator. It will tell you:
   • Whether your income is above or below the average income;
   • Whether your income is above or below the median income (use our median calculator to find out what median is); and
   • Whether your income is in the top 1% of U.S. citizens.

In this case, Candy’s income is in the 84th percentile. This is above the average and median individual income. However, it is still not yet good enough to be in the top 1%.

How to interpret my individual and household income percentile?

The million-dollar question: How do you interpret your individual and household income percentile?

Using our US income percentile calculator is quite easy, as we have already shown you how to calculate your income percentile. What you need is some help to understand the meaning behind the numbers.

The n-th percentile, in statistical terms, is the value that is higher than n% of the data in the entire dataset. This can also be interpreted as lower than (100-n)% of the data in the dataset.

Assuming that your household income is in the 75th US household income percentile. This means your household income is higher than 75% of the households in the United States. Equivalently, it is lower than (100-75)% = 25% of the households in the United States.

FAQs

Can I have negative income?

No. Mathematically, this is impossible. You will have to be paying to work for somebody else.