The Hive Law

How Many People Make Over $100k A Year?

How Many People Make Over 100k - What Percentage Of Americans Make Over 100k - Percentage Of Individuals Making Over 100k

How many people make over $100k per year?

This article will show you all of the statistics about people making $100k, including:

  • stats by demographics and age
  • how many more White families earn $100k vs Black families
  • how many men earn $100k vs women
  • how many people making $100k a year are struggling to pay bills

Let’s dig in.

The Hive Law Has Been Featured In

Key Statistics About How Many People Make Over 100k A Year

  • 30.7% of U.S. households make over $100k a year.
  • Making $100k a year puts you in the top 24% of the US population.
  • 217% more men make $100k per year compared to women.
  • 6% of women earn more than $100k per year.
  • 13% of men make more than $100k per year.
  • 48% of Americans making $100k+ a year are living paycheck to paycheck.
  • 12% of people making $100k a year are struggling to pay their bills.
  • $100k a year is 192% of the average American salary of $52,000.
  • $100k a year is 148% of the average American household income of $57,500.
  • 35% of White households make over $100k a year.
  • 30% of White men make over $100k a year.
  • 17% of White women make over $100k a year.
  • 188% more White men make $100k per year than Black men.
  • 188% more White women make $100k per year than Black women.
  • 19.6% of Black households make over $100k a year.
  • 16% of Black men make over $100k a year.
  • 11% of Black women make over $100k a year.
  • 48% of Asian households make over $100k a year.
  • 24% of Hispanic households make over $100k a year.

How Many People Make Over 100k?

43.7M people make over $100k in America.

The percentage of people making over $100k a year is 33.6%.

This data is from the U.S. Census Bureau on the annual income in the U.S.

They surveyed the individual income for U.S. households.

There were 129.9M respondents to this BLS survey.

These “respondents” also were individuals that represented a household.

How Many People Make Over 100k - What Percentage Of Americans Make Over 100k
Income Brackets% of Population
<$15k9.4%
$15k - $25k8.7%
$25k - $35k8.1%
$35k - $50k11.6%
$50k - $75k16.5%
$75k - $100k12.2%
$100k - $150k15.3%
$150k - $200k8.0%
$200k+10.3%

Percentage Of Individuals Making Over 100k

The percentage of individuals making over $100k a year is 33.6%.

43.7M individuals make over $100k in America.

19.8M individuals have a six figure income, making $100k-$150k.

What Percentage Of American Households Make Over 100k

47.3% of American households make over $100k per year.

The U.S. Census Bureau surveyed 129.9M households.

The only households that averaged more than $100k were “married couple” households.

The average household income for the “married couple” American household was $101,517.

This made up 61.5M households, which was 47.3% of American households over $100k.

Average Age To Make Six Figures

The average age to make six figures is between 45-54 years old.

This is the highest income age range according to the Bureau of Labor Statistics (BLS).

Income By Age Group - How Many People Make Over 100k - What Percentage Of Americans Make Over 100k

What Percentage Of Americans Make Over 100k

34.4% of Americans make over $100k a year.

This chart shows how many people make over $100k a year for the past three years.

Making $100k a year puts a household with 4 members in the middle-class bracket.

Percentage Of Individuals Making Over $100k 2020 2021 2022 - Percentage Of Individuals Making Over 100k

Percentage Of Individuals Making Over $100k 2020

33.6% of individuals made over $100k in 2020.

That means 113.9M individuals made over $100k in 2020.

Percentage Of Individuals Making Over $100k 2021

33.8% of individuals made over $100k in 2021.

That means 110.7M individuals made over $100k in 2021.

Percentage Of Individuals Making Over $100k 2022

34.4% of individuals made over $100k in 2022.

That means 114.3M individuals made over $100k in 2022.

Note that this data comes from IBIS World’s data on how many people make over $100k.

And we are comparing that to the US Population each year, too.

How Many Men Make 6 Figures?

13.1M men make six figures in the U.S.

What Percentage Of Men Make 6 Figures?

13% of men make 6 figures ($100k) or more per year.

13.1M men make 6 figures ($100k or more) in the U.S.

There are 100.9M adult (18+ year olds) males in the U.S.

Percentage Of Black Males Making Over $100k

18% of Black males make over $100k a year, according to Pew Research.

Ethnicity plays a factor on a man’s net worth.

The Black male demographic is 53% as likely to earn $100k compared to White males.

Is 100k A Year Good?

The $100k-a-year income bracket is increasingly harder to live on in the U.S.

The average income distribution for full-time employees is:

  • $61,417 for men
  • $50,982 for women

Men are higher income earners with an average wage that’s 20% higher than women.

So, looking at the income inequality, making $100k in yearly income puts:

  • men at 63% higher than the average income
  • women at 96% higher than the average income

The average cost of living in the U.S. is:

  • $39,846 if you’re single
  • $60,673 if you’re supporting two adults

Let’s look at some average expenses:

Due to the pandemic, more people are able to work remotely.

This means that people can move out of very expensive cities like New York.

And move into lower cost of living areas to make $100k a year good for them.

Is 100k A Good Salary For A Single Person?

$100k a year is a good salary for a single person with no kids.

The average living wage in the US is $39,846.

A single person making $100k a year is earning

Is 100k A Good Salary For A Family?

No, $100k is not a good salary for a family.

According to the national average living wage, if two adults have:

  • 1 kid, their required gross income is $85,370
  • 2 kids, their required gross income is $110,692

If a family earns $100k a year in gross income, they are in the 24% income tax bracket.

This means that their post-tax income is $76,000 at this income level.

(Note that we looked at Colorado’s living wage because it is the average cost of living index.)

Is 100k A Year Good For A Family Of 4?

No, $100k a year is not good for a family of 4.

A family of 4 will be breaking even on their living expenses with $100k a year.

The living wage (cost of living) for a family of 4 averages to $68,808 per year.

If a family of 4 earns $100k a year in gross income, they are in the 24% tax bracket.

This means that their post-tax income is $76,000.

This leaves a family of 4 with $7,200 per year in extra money.

($76,000 – $68,800 = $7,200)

Or just $600 per month.

This barely allows you to:

(Note that the median household income was $67,521 in 2020.

So, earning $100k a year puts your household 48% higher than the median household income.)

FAQs About How Many People Make Over 100k

This sections answers more questions about how many people make over $100k a year.

100k A Year Is How Much An Hour

$100k a year is $50 per hour.

There are 2,000 working hours in a year.

$100k / 2,000 hours is $50 per hour.

100k A Year Is How Much A Month

$100k a year is $8,333 per month.

There are 12 months in a year.

$100k / 12 months is $8,333 per month.

How Many People Make Over 200k?

13.4M people make over $200k in America.

10.3% of the population makes over $200k.

Is 100k A Good Salary In California?

If you don’t have any children, $100k is a good salary in California.

If you do have children, $100k is not a good salary in California.

According to the living wage for California, if a single adult has:

  • no kids, their required gross income is $45,382
  • 1 kid, their required gross income is $91,893
  • 2 kids, their required gross income is $114,288

Adding in another adult earns more money, but increases expenses.

According to the living wage for California, if two adults have:

  • no kids, their required gross income is $69,841
  • 1 kid, their required gross income is $84,833
  • 2 kids, their required gross income is $97,243

While this seems high, the cost of living in New York was 63% higher than California last year.

What Percentage Of American Households Make Over 200k

10.3% of the American households makes over $200k.

13.4M American households make over $200k.

Households with a bachelor’s degree have the highest median income at $106,939.

Get A FREE Consultation!
We run out of free consultations every month. Sign up to make sure you get your free consultation. (Free $350 value.)
Share This Post With Someone Who Needs To See It

Other Studies, Laws, And Statistics