Author Topic: POLL: Household Income Percentile (Read 17557 times)

2Birds1Stone · « **on:** November 22, 2016, 02:52:28 PM »

Where does your household fall in terms of national household income percentile?

http://money.cnn.com/calculator/pf/income-rank/

2Birds1Stone · « **Reply #1 on:** November 22, 2016, 04:03:37 PM »

I see a lot more views than votes.

The poll is anonymous, I'm genuinely curious as to how we compare to the general population as a whole.

Zikoris · « **Reply #2 on:** November 22, 2016, 04:20:52 PM »

Top 34%. I'm surprised though, because neither of us has high paying jobs - admin assistant and office clerk. But we do both work full time, so there's that.

ChaseJuggler · « **Reply #3 on:** November 22, 2016, 04:59:29 PM »

Top 29%.

Only reason we can swing this thing is because we're never having kids.

2Birds1Stone · « **Reply #4 on:** November 22, 2016, 05:00:40 PM »

Quote from: Zikoris on November 22, 2016, 04:20:52 PM

Top 34%. I'm surprised though, because neither of us has high paying jobs - admin assistant and office clerk. But we do both work full time, so there's that.

2 full time incomes definitely helps!

The best part is, within the MMM community we likely have bottom % when it comes to household expenses compared to the general population.

I'm not sure if such a calculator exists due to most people inability to track their spending.

HPstache · « **Reply #5 on:** November 22, 2016, 05:03:04 PM »

I job family, top 39%

Chris22 · « **Reply #6 on:** November 22, 2016, 07:53:02 PM »

Top 5% on pure salary, 3% including bonuses and rental income (which just offsets the mortgage on that house).

spicykissa · « **Reply #7 on:** November 22, 2016, 08:15:04 PM »

Top 8%. We're DINKs in a HCOL area.

golfreak12 · « **Reply #8 on:** November 22, 2016, 09:35:22 PM »

Top 17. Mi wife doesn't work, school FT.
Once shes done, we're looking at top 10% but then again I told her many times over that when she gets a good job, I'm going to semi-RE.

okits · « **Reply #9 on:** November 22, 2016, 10:33:16 PM »

Quote from: 2Birds1Stone on November 22, 2016, 04:03:37 PM

I see a lot more views than votes.

The poll is anonymous, I'm genuinely curious as to how we compare to the general population as a whole.

I'm Canadian, so not sure we'd be a relevant data point.

Classical_Liberal · « **Reply #10 on:** November 22, 2016, 10:37:22 PM »

Top 25, but I'm a one person household, which I think always skews the HH asset and income calculations a bit. US Household median size is about 2.5.

powskier · « **Reply #11 on:** November 22, 2016, 10:39:05 PM »

Between top 13% and 10%.
We have spent most of our lives ( late 40's mid 50's now) in the bottom 39% or lower.

yakamashii · « **Reply #12 on:** November 23, 2016, 12:00:52 AM »

Before or after taxes? I see that this has not been mentioned in the thread thus far, or on the linked website.

Edit: Either way, I'm top 50% but not top 25%. I had no idea the US was doing so well in terms of income.

Dicey · « **Reply #13 on:** November 23, 2016, 01:48:43 AM »

Lol, I agree with Spartana. Where's the net worth calculator?

Half-Borg · « **Reply #14 on:** November 23, 2016, 02:59:25 AM »

I'm in the top 34% on CNN, in top 14% for Germany, funny how freaking more you earn in the US...
My household is one person with one income, so I guess it's still pretty good.

Here is the same thing for net worth

former player · « **Reply #15 on:** November 23, 2016, 03:16:59 AM »

Top 50%. FIRED 6 years.

ghsebldr · « **Reply #16 on:** November 23, 2016, 03:32:20 AM »

Top 7% DW retired Fed in 2014. I'm still self employed half time.

2Birds1Stone · « **Reply #17 on:** November 23, 2016, 04:19:17 AM »

I find these results very interesting.

Despite folks in 1 income households, and even those who are no longer working voting it seems like thus far, over a third of voters are top 5% income earning households.

I am sure there is a lot of selection bias, with this being a financially focused community, but I still find it interesting.

PathToFI · « **Reply #18 on:** November 23, 2016, 06:41:25 AM »

With currently the largest percentage of poll of replies in the top 5%, you guys are doing great!

To get to the top 5% the calculator requires $210,000.

I'm feeling a hint of jealousy over it. Congrats to these people on your earnings.

I used to earn more working overseas(China) but we gave up the income in exchange for cleaner air when we had our first child. My wife stays at home with our 2 children and my salary has us way down at the 31%. Fortunately we invested early and often so a NW > $1M and a frugal lifestyle helps me sleep at night.

use2betrix · « **Reply #19 on:** November 23, 2016, 06:47:52 AM »

Top 4% here off our single income. I work a shit ton of hours (avg of 59 every week this year) and we travel the country living full time in a fifth wheel doing contract work. Money is great, quality of life is meh.

Last Tuesday I started my first ever sabbatical. Unsure when I will go back to work, probably two or three months. Really hoping for an eye opening experience and to see if it changes my values/goals
Moving forward.

Giro · « **Reply #20 on:** November 23, 2016, 06:58:37 AM »

Top 3% here, but if you looked at our lifestyle you would NOT see it.

:)

Orvell · « **Reply #21 on:** November 23, 2016, 07:04:25 AM »

I'm also a bit surprised by how many reporting are high income households.
Single income (including bonus), single person household, bottom 42% ... I feel like I make a perfectly fair wage, lol.
We are truly a community of affluent people. :)

soccerluvof4 · « **Reply #22 on:** November 23, 2016, 07:12:37 AM »

Top 1% when I was working. Now Top 21% of you count my yearly withdrawl as my current income!

Guses · « **Reply #23 on:** November 23, 2016, 07:25:23 AM »

Quote from: Zikoris on November 22, 2016, 04:20:52 PM

Top 34%. I'm surprised though, because neither of us has high paying jobs - admin assistant and office clerk. But we do both work full time, so there's that.

Did you remember to convert in pesos?

Chris22 · « **Reply #24 on:** November 23, 2016, 07:31:47 AM »

Quote from: 2Birds1Stone on November 23, 2016, 04:19:17 AM

I find these results very interesting.

Despite folks in 1 income households, and even those who are no longer working voting it seems like thus far, over a third of voters are top 5% income earning households.

I am sure there is a lot of selection bias, with this being a financially focused community, but I still find it interesting.

Relatively HCOL area + 2 working professionals 10 years into their careers in in-demand fields = 2 6-figure incomes.

MsSindy · « **Reply #25 on:** November 23, 2016, 07:38:48 AM »

Dual income - 1 college educated, the other a mechanic who worked his way to an engineer position.
Top 3% with pay and bonuses, Top 2% if you throw on our investment income.

Considering where I came from (first one to graduate HS in 3 generations; single mom with 5 kids, etc.), I'm pretty happy with my choices and what I've been able to achieve.... all without selling my soul or sanity.

Adge · « **Reply #26 on:** November 23, 2016, 08:22:19 AM »

I'm in the bottom 33%, which doesn't surprise me. But I'm a household of 1 in a semi-LCOL area with a savings rate approaching 50%, so it evens out just fine :)

NESailor · « **Reply #27 on:** November 23, 2016, 08:58:59 AM »

Top 12% with full bonus and Top 14% without. 2 incomes in a low to mid COL area. 2 kids at daycare though so our annual NW increase is not as dramatic as some others'. A couple of years until UPK for at least 1 kid and we should be approaching 6 figure NW annual NW increases.

Cheers everyone!

Slow&Steady · « **Reply #28 on:** November 23, 2016, 09:03:21 AM »

One income in middle America household of 3 between top 50% and top 25%. When we were both working we were top 25%.

The frustrating part is that we have very little to show for when we were in the top 25%.

Kansas Beachbum · « **Reply #29 on:** November 23, 2016, 09:16:23 AM »

Top 7%. Fairly LCOL area. Pretty high savings rate. Definitely FI, looking forward to RE.

Kansas Beachbum · « **Reply #30 on:** November 23, 2016, 09:17:56 AM »

Quote from: MsSindy on November 23, 2016, 07:38:48 AM

Considering where I came from (first one to graduate HS in 3 generations; single mom with 5 kids, etc.), I'm pretty happy with my choices and what I've been able to achieve.... all without selling my soul or sanity.

Well done MsSindy...similar here, although not the high school part. Feels good, doesn't it :-)

zephyr911 · « **Reply #31 on:** November 23, 2016, 09:29:19 AM »

This will probably rank as our highest year of combined earnings - base income is right at $140K (2x FT + mil reserve) or 13%, but I haven't added up my real estate commissions, which could raise it 1-2pts. Way more than we need for our low-COL area.

DW is going freelance in Jan and I'm still planning to quit FT work in 2017 so I doubt we'll see this territory again, unless we wildly overshoot our Stash requirement or get bored and both go back to work (lol, j/k)

Paradoxically · « **Reply #32 on:** November 23, 2016, 09:35:28 AM »

Top 22%, DINK

SeaEhm · « **Reply #33 on:** November 23, 2016, 09:59:02 AM »

Quote from: Chris22 on November 23, 2016, 07:31:47 AM

Relatively HCOL area + 2 working professionals 10 years into their careers in in-demand fields = 2 6-figure incomes.

Even if those two persons are teachers, they are in the top 10% in their early 30s

Pooplips · « **Reply #34 on:** November 23, 2016, 10:03:26 AM »

I am currently living with another family so "houshold" is much higher but just my wife and I are top 25%.

Murse · « **Reply #35 on:** November 23, 2016, 10:07:27 AM »

Top 34% only including my income. If I included my GF's income we would be in the top 18%. Both young professionals <2 years out of school.

Slee_stack · « **Reply #36 on:** November 23, 2016, 10:15:27 AM »

Not surprised at poll since since this forum is skewed towards Comp Sci & Engineering folk. If its a two income household, chances are income is $200k ish.

If you are a gov't worker, teacher, military etc., chances are you have a pension which has value in the future presuming you vest. That could be backtracked to be included in current income.

BFGirl · « **Reply #37 on:** November 23, 2016, 10:19:24 AM »

post-divorce top 30%; pre-divorce top 3%

but much happier now!

dude · « **Reply #38 on:** November 23, 2016, 10:21:50 AM »

Quote from: Diane C on November 23, 2016, 01:48:43 AM

Lol, I agree with Spartana. Where's the net worth calculator?

Not a calculator, per se, but gets you in a range (based on 2013 data):

https://dqydj.com/net-worth-in-the-united-states-zooming-in-on-the-top-centiles/

TheInsuranceMan · « **Reply #39 on:** November 23, 2016, 03:00:52 PM »

Top 32% on our estimated income. However, I'm not really sure what it'll be, I'm thinking closer to top 29%, which would be neat.

BuildingFrugalHabits · « **Reply #40 on:** November 23, 2016, 03:32:28 PM »

Wouldn't it make sense to run the numbers based on income per capita? Otherwise it heavily favors people who are married or I guess technically co-habitation. Comparing budgets and income for a single person vs a household is apples-oranges.

ysette9 · « **Reply #41 on:** November 23, 2016, 03:32:48 PM »

Clicking these links just clarifies how truly fortunate we are. Top 3% for household earnings and 93% for net worth. It sure doesn't feel like it though!

EnjoyIt · « **Reply #42 on:** November 23, 2016, 05:03:36 PM »

Quote from: soccerluvof4 on November 23, 2016, 07:12:37 AM

Top 1% when I was working. Now Top 21% of you count my yearly withdrawl as my current income!

Wow, can I please ask? You made $400k/yr+ and currently living on $24,500/yr yearly withdrawal.
How the hell do you do that? Don't get me wrong, I understand how someone can live on $24,500/yr. What I don't understand is how someone who made $400k/yr was able to settle on a $24,500/yr lifestyle. Please feel free to respond in a private message if you don't want to talk about all this in public. I would love to get some insight that may help my own situation.

mjs111 · « **Reply #43 on:** November 23, 2016, 05:30:49 PM »

Quote from: EnjoyIt on November 23, 2016, 05:03:36 PM

Quote from: soccerluvof4 on November 23, 2016, 07:12:37 AM
Top 1% when I was working. Now Top 21% of you count my yearly withdrawl as my current income!

Wow, can I please ask? You made $400k/yr+ and currently living on $24,500/yr yearly withdrawal.
How the hell do you do that? Don't get me wrong, I understand how someone can live on $24,500/yr. What I don't understand is how someone who made $400k/yr was able to settle on a $24,500/yr lifestyle. Please feel free to respond in a private message if you don't want to talk about all this in public. I would love to get some insight that may help my own situation.

Top 21% would be $108,000 according to the graph, not $24,500. $24,500 is bottom 21% (or the top 79%).

BuildingFrugalHabits · « **Reply #44 on:** November 23, 2016, 05:32:06 PM »

Oops I just realized that this is talking about AGI not Straight Gross. Slide rule thing doesn't specify but when you click the 1% link, it states that $389,000 AGI is needed to join the club. I'm top 25% with dual income no kids, if I was single I'd be in the top 50%. Regardless, my initial response to the poll was incorrect but I'm not sure how to change it.

Cassie · « **Reply #45 on:** November 23, 2016, 05:55:17 PM »

Top 45% with me semi-retired and DH fully retired. But that will all change on Jan 1 when dH starts his 2 year consulting contract because he got bored.

teen persuasion · « **Reply #46 on:** November 23, 2016, 07:41:20 PM »

Quote from: BuildingFrugalHabits on November 23, 2016, 05:32:06 PM

Oops I just realized that this is talking about AGI not Straight Gross. Slide rule thing doesn't specify but when you click the 1% link, it states that $389,000 AGI is needed to join the club. I'm top 25% with dual income no kids, if I was single I'd be in the top 50%. Regardless, my initial response to the poll was incorrect but I'm not sure how to change it.

Yeah, gross is very different than AGI, 48th vs 28th percentile for us. Still lower 50, but that's a big group.

Dicey · « **Reply #47 on:** November 23, 2016, 08:34:32 PM »

Quote from: dude on November 23, 2016, 10:21:50 AM

Quote from: Diane C on November 23, 2016, 01:48:43 AM
Lol, I agree with Spartana. Where's the net worth calculator?

Not a calculator, per se, but gets you in a range (based on 2013 data):

https://dqydj.com/net-worth-in-the-united-states-zooming-in-on-the-top-centiles/

First calculator says top 29%. Meh.(I'm FIRE, but DH still works. We live on his salary and are not tapping our investments yet.)
Dude's NW link says above 95%. That's more typical of mustachians, I think. We save more than most, so our NW is a lot higher than one might expect on our income.

lostamonkey · « **Reply #48 on:** November 23, 2016, 08:38:06 PM »

Quote from: okits on November 22, 2016, 10:33:16 PM

Quote from: 2Birds1Stone on November 22, 2016, 04:03:37 PM
I see a lot more views than votes.

The poll is anonymous, I'm genuinely curious as to how we compare to the general population as a whole.

I'm Canadian, so not sure we'd be a relevant data point.

See link:

http://www.macleans.ca/economy/money-economy/are-you-in-the-middle-class/

Is everyone just including base income? Are OT and bonuses included too? What about side gig income? My total income (base+OT+bonuses+side gig) is more than 50% more than my base income alone.

BuffaloStache · « **Reply #49 on:** November 23, 2016, 09:38:25 PM »

Seems like there are a lot of people in the top 5% of better (I'd be FI a lot sooner if that was me!). interesting

News:

Poll

Where does your household fall in terms of national household income percentile?

Author Topic: POLL: Household Income Percentile (Read 17557 times)