Home
Back
Household Income Percentile:
| From: | To: |
Household income percentile indicates where a household's income falls compared to all other households. For example, being in the 75th percentile means your income is higher than 75% of households.
The calculator uses current income distribution data to determine where a specific household income falls in the national distribution:
Where:
Explanation: The calculation compares your household income against national income distribution data to determine what percentage of households earn less than your household.
Details: Understanding your income percentile helps with financial planning, contextualizing your economic standing, and making informed decisions about spending, saving, and investing.
Tips: Enter your total annual household income before taxes. Include all sources of income for all household members. The calculator uses the most recent available income distribution data.
Q1: What counts as household income?
A: Household income includes all pre-tax earnings from all sources for all members living in the household, including wages, salaries, tips, investment income, and government benefits.
Q2: How often is the income data updated?
A: The calculator uses the most recent available Census Bureau data, typically updated annually.
Q3: Does this account for cost of living differences?
A: No, this calculator shows national percentiles. Income percentiles can vary significantly by geographic location due to cost of living differences.
Q4: What's considered a good income percentile?
A: This depends on your goals and location. Generally, being above the 50th percentile (median) is considered average, while above 75th is above average.
Q5: How does household size affect income percentiles?
A: The calculator uses total household income regardless of size. For per capita comparisons, additional calculations would be needed.