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.
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 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 is the top 2% net worth America? ›Top 2% wealth: The top 2% of Americans have a net worth of about $2.472 million, aligning closely with the surveyed perception of wealth. Top 5% wealth: The next tier, the top 5%, has a net worth of around $1.03 million. Top 10% wealth: The top 10% of the population has a net worth of approximately $854,900.
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 is the average age to reach $1 million net worth? ›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.
Your net worth is what you own minus what you owe. It's the total value of all your assets—including your house, cars, investments and cash—minus your liabilities (things like credit card debt, student loans, and what you still owe on your mortgage).
What is considered wealthy in the United States? ›Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
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.
How much wealth to be in top 2 percent? ›Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.
How much money a month is considered rich? ›
According to IRS standards, a monthly income of approximately $45,000 qualifies someone as wealthy. However, if you're aiming for the top 1% as measured by the Economic Policy Institute (EPI), you'd need to earn about $68,277 monthly.
What is the top 1% net worth by age? ›| Age | Top 1% net worth |
|---|---|
| 35-39 | $4,741,320 |
| 40-44 | $7,835,420 |
| 45-49 | $8,701,500 |
| 50-54 | $13,231,940 |
5,671,005 US households have a net worth of $3 million or more, covering about 4.41% of all US households.
What net worth is upper middle class? ›Moving down to the middle class, things get a bit more varied. The upper-middle class folks have an average net worth of around $300,800. Your typical middle-class family comes in at $169,420.
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 much does the top 1% in America make? ›The data from the Economic Policy Institute (EPI) shows that annual wages for the top 1% in 2021 in the U.S. reached $819,324 on average. Those considered to be in the top 0.1% earned an average of $3,312,693 annually. Meanwhile, those in the bottom 90% earned an average income of $36,571 annually, EPI data showed.
What net worth is considered rich in America? ›Americans say you need a net worth of at least $2.5 million to feel wealthy, according to Charles Schwab's annual Modern Wealth Survey, which surveyed 1,000 Americans ages 21 to 75 in March 2024. That's up slightly from $2.2 million, compared with last year's survey results.
What percentage of the US population has $10 million dollars? ›Including primary home equity, $10 million net worth is in the 98.5 percentile in 2016, or around 629,908 households. Given the average of a little less than 3 people (2.58 people) per household, 1,625,162 Americans roughly. Not including primary home equity, that number goes down to the top 1 percentile.