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General Discussion => Welcome and General Discussion => Topic started by: Reader on September 06, 2018, 10:50:40 AM

Title: Income percentile calculator
Post by: Reader on September 06, 2018, 10:50:40 AM
I came across the income calculator for the US, and am curious about the income profile of the folks who frequent the forum. i think having hard data makes it easier for everyone to be more self-aware.

https://dqydj.com/income-percentile-calculator/
Title: Re: Income percentile calculator
Post by: RyanAtTanagra on September 06, 2018, 12:20:58 PM
The percentiles are backwards, or wrong word.  It's either 99th percentile, or top 1%.

Relatedly, I tried to find out what the 1st percentile income would be, and the site couldn't go that low.  Making $1/yr still puts you in 2.8.
Title: Re: Income percentile calculator
Post by: fatcow240 on September 06, 2018, 12:41:35 PM
Are you asking for wages only or for work+investments?
Title: Re: Income percentile calculator
Post by: BTDretire on September 06, 2018, 02:02:20 PM
Are you asking for wages only or for work+investments?

 And, investments can be broken down to dividends. capital gains and unrealized capital gains, and then
in taxable accounts and non taxable accounts.
Title: Re: Income percentile calculator
Post by: moof on September 06, 2018, 02:47:00 PM
With the wife's newly acquired job we are at the 97.9 percentile, woohoo!
We were at the 95.4 percentile on my income alone.

Just a few years left baby!
Title: Re: Income percentile calculator
Post by: ETBen on September 06, 2018, 08:25:41 PM
There’s an age one too. And household if you have more than 1 income earning adult.

I’d be curious to see this by age and gender. I thought a 2%er would be richer than me lol. But then it’s income not net worth.
Title: Re: Income percentile calculator
Post by: ETBen on September 06, 2018, 08:33:09 PM
Found it although it’s 2016

https://dqydj.com/female-and-male-income-percentile-calculator-by-age/
Title: Re: Income percentile calculator
Post by: use2betrix on September 06, 2018, 08:54:09 PM
99 percentile on single income. Not bad for just some chump with an associates degree!
Title: Re: Income percentile calculator
Post by: DreamFIRE on September 06, 2018, 09:14:49 PM

Another variant of this poll:

https://forum.mrmoneymustache.com/welcome-to-the-forum/poll-what-is-your-sf-salary/

Title: Re: Income percentile calculator
Post by: Reader on September 07, 2018, 08:15:32 AM
The percentiles are backwards, or wrong word.  It's either 99th percentile, or top 1%.

Relatedly, I tried to find out what the 1st percentile income would be, and the site couldn't go that low.  Making $1/yr still puts you in 2.8.

the website says data at the top percentile is removed. it seems data at the bottom percentile is missing as well...
Title: Re: Income percentile calculator
Post by: Reader on September 07, 2018, 08:16:20 AM
Are you asking for wages only or for work+investments?
in order for the calculator to work, whatever is considered taxable income in the US.
Title: Re: Income percentile calculator
Post by: Reader on September 07, 2018, 08:18:04 AM
With the wife's newly acquired job we are at the 97.9 percentile, woohoo!
We were at the 95.4 percentile on my income alone.

Just a few years left baby!
congrats! you're in the top 5% on your income. so.. what's mustachian for a 5 percenter?
Title: Re: Income percentile calculator
Post by: Reader on September 07, 2018, 08:19:16 AM
99 percentile on single income. Not bad for just some chump with an associates degree!
congrats! which line of work are you in? just curious what sort of work would be in the 1% profile.
Title: Re: Income percentile calculator
Post by: Reader on September 07, 2018, 08:24:42 AM

Another variant of this poll:

https://forum.mrmoneymustache.com/welcome-to-the-forum/poll-what-is-your-sf-salary/

this is really cool. SF is incredibly expensive...
Title: Re: Income percentile calculator
Post by: BicycleB on September 10, 2018, 12:46:54 PM
I came across the income calculator for the US, and am curious about the income profile of the folks who frequent the forum. i think having hard data makes it easier for everyone to be more self-aware.

https://dqydj.com/income-percentile-calculator/

This thread won't give you an accurate picture of the forum. It will be skewed high. People with high incomes are more likely to answer this.

Title: Re: Income percentile calculator
Post by: Zikoris on September 10, 2018, 01:19:44 PM
Top 50%, but just barely. BIG WHOOP.
Title: Re: Income percentile calculator
Post by: use2betrix on September 10, 2018, 01:30:02 PM
99 percentile on single income. Not bad for just some chump with an associates degree!
congrats! which line of work are you in? just curious what sort of work would be in the 1% profile.

I work in management of new construction projects in the industrial industry (oil/gas/power/nuclear/chemical, etc.)
Title: Re: Income percentile calculator
Post by: TheAnonOne on September 10, 2018, 08:53:31 PM
99...
Title: Re: Income percentile calculator
Post by: gmdv on September 10, 2018, 10:06:23 PM
71%
Title: Re: Income percentile calculator
Post by: BTDretire on September 11, 2018, 05:47:09 PM
Right in the middle of the 50% bracket. but made it into the top 5% of the 2017 United States Net Worth Quantiles.

https://dqydj.com/net-worth-percentile-calculator-united-states/
Title: Re: Income percentile calculator
Post by: OurTown on September 12, 2018, 12:50:50 PM
91st %ile re. household income.  I did not think it would be that high.
Title: Re: Income percentile calculator
Post by: Reader on September 14, 2018, 04:59:57 AM
I came across the income calculator for the US, and am curious about the income profile of the folks who frequent the forum. i think having hard data makes it easier for everyone to be more self-aware.

https://dqydj.com/income-percentile-calculator/

This thread won't give you an accurate picture of the forum. It will be skewed high. People with high incomes are more likely to answer this.
you're right but it does give a picture. that there are quite a lot of us who are relatively or very well-off.

my thoughts is .. for the people who earn more, perhaps face punches are needed in the discussion threads. for people who earn less, perhaps more discussions on options to improve their situation to the point where savings is possible. i found this thread super inspiring for people who are struggling with low income. https://forum.mrmoneymustache.com/journals/whitetrashcash's-journey-from-the-trailer-park-to-wealth-and-happiness/

that said, i love this forum as there are so many things to learn from the journals/posts and responders are very often trying to help.
Title: Re: Income percentile calculator
Post by: Reader on September 14, 2018, 05:05:04 AM
91st %ile re. household income.  I did not think it would be that high.
the stats is for personal income though there is also a household income chart.
Title: Re: Income percentile calculator
Post by: OurTown on September 14, 2018, 07:16:07 AM
I clicked on through and used the household calculator.
Title: Re: Income percentile calculator
Post by: poetdereves on September 14, 2018, 07:44:12 AM
Ours is currently 79.6th percentile, but that will change a ton by next year. I am finishing school and already know my starting salary at my job once I finish, so if my wife gets no promotions or bonuses in the next year it will put us up above 90th percentile. I won't know what to do with all the money once I reach the top 10%!!