To determine your income percentile, you can use an income percentile calculator. There are several available online, including those provided by DQYDJ, Personal Finance Data, and Omni Calculator. These calculators typically require you to enter your pre-tax, gross income earned in a full year, and then compare it to the US individual or household income distribution.
For example, according to the US Income Percentile Calculator provided by Omni Calculator, an individual with an income of $50,000 a year is at the 55th percentile based on the 2021 United States Census Bureaus Annual ASEC survey. However, the percentile may vary depending on the year and the survey used by the calculator.
It's important to note that income percentiles are a metric that allows you to compare your income to the society you are associated with. It can tell you how much better or worse you are on the income ladder compared to the people around you.
