1. What is the Income Percentile Calculator?

The Income Percentile Calculator determines where your income stands compared to the rest of the US population. It shows what percentage of Americans earn less than you based on the latest income distribution data.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Income \) — Your annual pre-tax income in USD
• The lookup table contains the most recent US income distribution data

Explanation: The calculator compares your income against the national income distribution to determine your percentile ranking.

3. Importance of Income Percentile

Details: Knowing your income percentile helps understand your economic standing, plan financial goals, and compare your earnings to national averages.

4. Using the Calculator

Tips: Enter your annual pre-tax income in US dollars. The calculator will show what percentage of Americans earn less than you.

5. Frequently Asked Questions (FAQ)

Q1: What income data is used?
A: The calculator uses the most recent US Census Bureau income distribution data.

Q2: Does this include all income sources?
A: The data represents pre-tax household income including wages, investments, and other income sources.

Q3: How often is the data updated?
A: The calculator is updated annually with the latest available data.

Q4: Are regional differences accounted for?
A: This calculator shows national percentiles. Cost of living varies significantly by location.

Q5: What's considered a good income percentile?
A: This depends on personal circumstances, but generally above the 50th percentile is considered average, above 75th is above average.