On this page are estimated United States net worth brackets for 2023. Additionally, you'll see average net worth, median net worth, top 1% net worth, and a comparison with the previous net worth data. Table of Contents show ▼ Just as with household income, the most important net worth statistics are: Of these, median net worth is the most important statistic. Although average net worth is higher than median (at $1,059,470 vs. $192,084, respectively), median is the 'middle point' of wealth. That is, half of households in the United States have more net worth, and half less – average is biased by high net worth households dragging the average upwards. The numbers in these sections are nominal – they are not adjusted for inflation (later sections are, however). Note: This data comes from the Federal Reserve SCF, released October, 2023. It comes from interviews mainly conducted in 2022. 25% of interviews were conducted in 2023. In 2023, $192,084 was the median household net worth in the United States. This is up from $121,411 in 2020. The average household net worth in 2023 was $1,059,470. It was $746,821 in 2020. See the inflation adjustment, below. To be top 1% in 2023, a household needed a net worth of $13,666,778. $11,099,166 was the 1% threshold in 2020. To be top .5% in 2023, a household needed a net worth of $20,149,352. The top .1% bracket started around $61,827,166. Note: up here, net worth estimates have a much larger error. Think on the order of +/- two million dollars for the .1% bracket. There is less survey data to inform the stats (although it's not bad – the survey does oversample likely high wealth households). The most recent data is adjusted for CPI-U-RS [PDF] as detailed by the Fed. To do the inflation math versus the previous data, multiply 2020 dollar amounts by 1.1592. Below is every household net worth percentile in 2023, compared to inflation-adjusted 2020. To read the chart: a dollar amount is the "threshold" between net worth brackets. More (or equal) wealth would go into the bracket shown, less would slot into the percentile right below. For a round number look at some of the upper brackets, see the millionaires in America post. Data comes from the Federal Reserve's 2022 SCF, released in October, 2023. You can find the Federal Reserve's summary reports here, and you can find the data descriptions here. Technically, this is not exactly household data but primary economic unit data. If you squint they are very close, but PEUs are: "In brief, the PEU consists of an economically dominant single individual or couple (married or living as partners) in a household and all other individuals in the household who are financially interdependent with that individual or couple. For example, in the case of a household composed of a married couple who own their home, a minor child, a dependent adult child, and a financially independent parent of one of the members of the couple, the PEU would be the couple and the two children." Good question – no. It's relatively straightforward to convert net worth to cash flow, but it's extremely difficult to move in the other direction. In short: you can't really "sell" a pension on the open market. That said, there is some high-quality recent scholarship on this topic. If you feel really strongly on the topic, let me know your arguments – if I work it into the data, I'd probably add it via the net worth percentile calculator. Check out these posts for a technical discussion on converting defined benefit plans to capitalized dollar amounts: It is best to assume this is gross net worth – it is near impossible to guess at after-tax net worth. Consider this what a household (or PEU) controls today, but not necessarily what they'd be left with after taxes if they liquidated. Past data:Net Worth Benchmarks in 2023
What was the median net worth?
What was the average net worth?
What is the top 1% household net worth?
What is the top .5% net worth? What is the top .1% household net worth?
Selected United States Household Net Worth Percentiles for 2023 and 2020
Household Net Worth Percentiles for the United States in 2020
Percentile 2023 2020 Difference Change 1% -$76,472.00 -$109,563.55 $33,092 2% -$45,428.00 -$63,602.13 $18,174 3% -$26,450.00 -$41,423.80 $14,974 4% -$14,983.00 -$30,065.29 $15,082 5% -$9,878.00 -$21,313.72 $11,436 6% -$4,381.00 -$13,824.69 $9,444 7% -$831.80 -$8,658.63 $7,827 8% $1.00 -$4,446.27 $4,447 9% $182.20 -$2,124.09 $2,306 10% $440.20 -$540.86 $981 11% $990.20 $3.98 $986 24804.08% 12% $2,552.00 $206.57 $2,345 1135.42% 13% $4,056.00 $582.43 $3,474 596.39% 14% $5,208.00 $997.98 $4,210 421.85% 15% $6,532.20 $1,828.28 $4,704 257.29% 16% $7,726.00 $3,005.57 $4,720 157.06% 17% $9,256.00 $4,001.60 $5,254 131.31% 18% $10,370.40 $5,193.71 $5,177 99.67% 19% $11,810.00 $6,234.61 $5,575 89.43% 20% $13,528.00 $7,382.19 $6,146 83.25% 21% $15,600.20 $8,535.73 $7,064 82.76% 22% $18,022.20 $9,866.87 $8,155 82.65% 23% $20,716.00 $11,231.67 $9,484 84.44% 24% $23,310.00 $12,493.09 $10,817 86.58% 25% $27,016.00 $14,408.98 $12,607 87.49% 26% $30,316.20 $16,458.08 $13,858 84.20% 27% $34,242.00 $18,617.90 $15,624 83.92% 28% $39,436.00 $20,989.19 $18,447 87.89% 29% $44,734.00 $23,579.15 $21,155 89.72% 30% $51,366.00 $27,467.96 $23,898 87.00% 31% $57,040.00 $31,588.28 $25,452 80.57% 32% $62,600.20 $35,928.65 $26,672 74.23% 33% $67,500.00 $42,175.13 $25,325 60.05% 34% $73,120.20 $47,082.79 $26,037 55.30% 35% $79,054.00 $52,258.85 $26,795 51.27% 36% $84,256.00 $58,434.33 $25,822 44.19% 37% $89,534.00 $64,229.63 $25,304 39.40% 38% $96,524.00 $69,023.35 $27,501 39.84% 39% $101,964.00 $73,150.04 $28,814 39.39% 40% $110,314.00 $78,210.15 $32,104 41.05% 41% $117,810.00 $83,233.43 $34,577 41.54% 42% $125,686.00 $87,868.97 $37,817 43.04% 43% $132,632.00 $93,207.42 $39,425 42.30% 44% $141,164.00 $97,845.99 $43,318 44.27% 45% $147,316.00 $103,804.45 $43,512 41.92% 46% $155,908.00 $110,104.53 $45,803 41.60% 47% $164,132.00 $116,603.53 $47,528 40.76% 48% $172,168.00 $123,264.12 $48,904 39.67% 49% $181,562.00 $132,374.65 $49,187 37.16% 50% $192,084.00 $140,740.06 $51,344 36.48% 51% $202,106.20 $147,735.90 $54,370 36.80% 52% $212,562.00 $155,573.60 $56,988 36.63% 53% $223,554.00 $164,167.82 $59,386 36.17% 54% $238,034.00 $173,913.48 $64,121 36.87% 55% $250,380.00 $183,652.59 $66,727 36.33% 56% $261,644.00 $194,130.85 $67,513 34.78% 57% $274,944.00 $202,794.81 $72,149 35.58% 58% $288,614.00 $211,090.39 $77,524 36.73% 59% $298,884.00 $222,484.91 $76,399 34.34% 60% $312,622.00 $233,360.13 $79,262 33.97% 61% $327,622.00 $244,703.29 $82,919 33.89% 62% $347,520.00 $254,335.13 $93,185 36.64% 63% 366,448.00 264,950.46 $101,498 38.31% 64% 384,910.00 276,252.96 $108,657 39.33% 65% 402,800.00 288,800.11 $114,000 39.47% 66% 415,460.00 301,562.41 $113,898 37.77% 67% 429,190.00 315,157.59 $114,032 36.18% 68% 447,958.00 334,427.04 $113,531 33.95% 69% 468,284.20 350,078.23 $118,206 33.77% 70% 493,068.00 365,055.97 $128,012 35.07% 71% 521,000.20 380,933.26 $140,067 36.77% 72% 551,988.00 404,981.00 $147,007 36.30% 73% 587,968.00 424,173.51 $163,794 38.61% 74% 622,546.00 443,871.17 $178,675 40.25% 75% 658,340.00 467,486.30 $190,854 40.83% 76% 697,576.00 496,859.82 $200,716 40.40% 77% 743,564.00 528,143.96 $215,420 40.79% 78% 785,484.00 562,417.04 $223,067 39.66% 79% 836,944.00 607,334.44 $229,610 37.81% 80% 891,750.00 647,053.48 $244,697 37.82% 81% 947,453.00 685,494.02 $261,959 38.21% 82% 1,009,860.00 738,468.50 $271,392 36.75% 83% 1,078,294.00 790,322.17 $287,972 36.44% 84% 1,154,634.00 854,472.96 $300,161 35.13% 85% 1,234,848.00 921,817.69 $313,030 33.96% 86% 1,308,426.00 991,010.22 $317,416 32.03% 87% 1,399,334.00 1,076,509.41 $322,825 29.99% 88% 1,510,942.00 1,148,986.00 $361,956 31.50% 89% 1,693,542.00 1,258,856.33 $434,686 34.53% 90% 1,920,758.00 1,413,211.39 $507,547 35.91% 91% 2,157,988.00 1,571,026.97 $586,961 37.36% 92% 2,382,960.00 1,787,377.41 $595,583 33.32% 93% 2,692,160.00 2,048,897.78 $643,262 31.40% 94% 3,088,722.00 2,411,796.58 $676,925 28.07% 95% 3,779,600.00 2,995,523.80 $784,076 26.17% 96% 4,699,180.20 3,818,855.14 $880,325 23.05% 97% 6,150,980.00 5,379,387.17 $771,593 14.34% 98% 8,464,740.20 7,600,900.82 $863,839 11.36% 99% 13,666,778.00 12,866,153.31 $800,625 6.22% Methodology on 2023 United States Household Net Worth Brackets
Is this household net worth data?
How many samples are in the 2023 and 2020 data?
Does this data include capitalized cash flows, such as Social Security or defined benefit plans and pensions?
Is household net worth gross or net?
FAQs
What is the top 1% of Americans net worth? ›
- The minimum net worth of the top 1% of households is roughly $13.7 million. ...
- An individual would have to earn an average of $407,500 per year to join the top 1%. ...
- The median household income in the U.S. was $74,580 in 2022.
For 2022, the average wage for working Americans was $61,136. The average wages of those in the top 1 percent of wage earners were $785,968 that year. In the rarefied top 0.1 percent, the average earnings were more than $2.8 million in 2022.
What is top 5% wealth net worth in the US? ›The most recent data from the Fed's Survey of Consumer Finances comes from the end of 2022. If you wanted to be in the top 5% of households at that point, you would need a net worth of $3,795,000. As you might expect, though, you don't need as much to reach the top 5% of younger households.
What is the top 2% net worth America? ›According to Kiplinger, by 2025, entering the top 2% of America's wealth will require a net worth of approximately $2.7 million, marking the threshold for elite economic status. Last year, the Schwab Modern Wealth Survey revealed Americans believe it takes $2.2 million to feel wealthy.
How many people have $3000000 in savings in the USA? ›There are estimated to be a little over 8 million households in the US with a net worth of $3 million or more.
What income is top 5% in US? ›Rich and richer
It's a lot easier to count among the nation's top 5% of earners, SmartAsset's data shows. For instance, the U.S. income threshold to join the top 5% is $290,185 — about one-third of the income needed to be a one-percenter.
One estimate found that the median U.S. household income is $77,397. Only 18% of individual Americans make more than $100,000 a year, according to 2023 data from careers website Zippia. About 34% of U.S. households earn more than $100,000 a year, according to Zippia.
What is top 2% of income in US? ›| Year | 0.001% | 2% |
|---|---|---|
| 2018 | $68,934,261 | $359,368 |
| 2019 | $60,658,598 | $364,693 |
| 2020 | $77,008,517 | $366,358 |
| 2021 | $118,014,696 | $438,779 |
Average Net Worth by Age
Between 35 to 44, the average net worth is $549,600, while between 45 and 54, that number increases to $975,800. Average net worth surges above the $1 million mark between 55 to 64, reaching $1,566,900.
The top 10% of households have a median net worth of $2.7 million, per the Federal Reserve's most recent Survey of Consumer Finances, compared to a little more than $790,000 for the next highest bracket. Middle class Americans hold just less than $170,000.
What percentage of people retire with 2 million dollars? ›
According to estimates based on the Federal Reserve Survey of Consumer Finances, a mere 3.2% of retirees have over $1 million in their retirement accounts. The number of those with $2 million or more is even smaller, falling somewhere between this 3.2% and the 0.1% who have $5 million or more saved.
What net worth is considered wealthy in 2024? ›In 2024, Americans stated that the average net worth they consider “wealthy” is $2.5 million. That's up by $300,000 over last year, when Americans said $2.2 million qualified you as rich. The study also asked participants about how much they'd need to count as “financially comfortable.”
Is 2 million considered wealthy? ›This year's study reveals that Americans now think it takes an average of $2.5 million to be considered wealthy – which is up slightly from 2023 and 2022 ($2.2 million).
Does net worth include home? ›Household wealth or net worth is the value of assets owned by every member of the household minus their debt. The terms are used interchangeably in this report. Assets include owned homes, vehicles, financial accounts, retirement accounts, stocks, bonds and mutual funds, and more.
What is top 1% net worth globally? ›Number of people belonging to the global top 1 percent of wealth holders* in 2022, by country (in 1,000s) *The source provides the following information: a person needs at least 1,055,338 U.S. dollars of net worth to be a member of the top 1%.
How many Americans have a net worth of $5 million? ›In 2017, about 5% of American households had a net worth that high or higher. “Somewhere around 4,473,836 households have $4 million or more in wealth, while around 3,592,054 have at least $5 million. Respectively, that is 3.48% and 2.79% of all households in America.”
What percentile is a $3 million net worth? ›The 95th percentile, with a net worth of $3.2 million, is considered wealthy, facilitating estate planning and possibly owning multiple homes. The top 1%, or the 99th percentile, has a net worth of $16.7 million and represents the very wealthy, who enjoy considerable financial freedom and luxury.
What net worth is considered rich in America? ›In 2024, Americans stated that the average net worth they consider “wealthy” is $2.5 million. That's up by $300,000 over last year, when Americans said $2.2 million qualified you as rich.