What is the average wage for a 23 year old

On this page is an individual income percentile by age calculator for the United States. Enter age and pre-tax gross income earned in full-year to compare to income distribution by age. Optionally plot income distribution for other ages using the pull-down menu. What else is there? See our individual income calculator and household income calculator.

However you compare to other people your age, remember that what you save is more important than what you earn — and how you invest it can be even more significant. For help growing your savings, talk to a financial advisor. As you may imagine, age group with the lowest salary is the one comprised entirely of teenagers, many of whom typically only work summer jobs.

The BLS provides medians rather than averages, since an average can be skewed by very high and very low numbers. As a general rule, earnings tend to rise in your 20s and 30s as you start to climb up the ladder. Apprentices are entitled to the minimum wage for their age if they are aged 19 years or over and have completed the first year of their apprenticeship.

The minimum wage rates increase from 1 April For past minimum wage rates see National Minimum Wage: previous rates. As an employer you have a legal obligation to pay your workers the correct minimum wage rate at the very least. Ensure you understand who must be paid the minimum wage.

Some people like the self-employed are not entitled to the minimum wage. For more guidance see self-employed and the minimum wage and National Minimum Wage and National Living Wage - who is not entitled to it.

If a worker is entitled to the National Minimum Wage or National Living Wage, you must pay them at least the rate they are entitled to for the hours of work that qualify.

You cannot make an agreement with a worker to pay them less than the minimum wage rate. Knowing the average salary by age group is useful for assessing how much you can expect your salary to grow over the course of your career. Doing these things today will help increase your earning potential in the near future as well as over the course of your career.

Find jobs. Company reviews. Find salaries. Upload your resume. Sign in. Weekly, monthly and annual average salary by age. The average salary for ages 16— The average salary for ages 20— The average salary for ages 25—