Average Salaries in the U.S. — How Does Yours Stack Up?

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

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Do you ever turn to the person sitting next to you in a meeting and think: “How much is this person really making to be here?”

Even if you don’t mean to be competitive and prefer to focus on your work, it can be tempting for just about anyone to occasionally wonder how they fare against their counterparts — or even people in totally different departments or industries.

Well, your answer has arrived. Take a look at some of the average salaries in U.S. companies right now to see how you stack up. Below you’ll also find tips on how to get the most out of your pay.

Current average salaries in US companies

Before we get into the specifics on how to compare your salary to the national average, here are some high-level numbers to consider. First of all, your baseline comparison is the “national average wage index.”

In 2016, reporting by the Social Security Administration had the national wage index at slightly more than $48,000.

As for specific jobs and industries, the charts below offer an overview of 2016 salary data from the Bureau of Labor Statistics. These charts are not exhaustive and both jump over some detailed positions to give a bird’s eye view of various occupations’ average salaries in the U.S.

Average salaries in U.S. companies ordered by most common jobs

Major Group Occupations Annual Mean Salary # of Employees
Office and Admin Support $37,260 ~22m
Sales-Related Work $40,560 ~14.5m
Food Prep and Serving $23,850 ~13m
Transportation and Material Moving $36,070 ~9.7m
Production Occupations $37,190 ~9m
Education and Training $54,520 ~8.6m
Healthcare Practitioners $79,160 ~8m
Business and Finance Operations $75,070 ~7m
Management Occupations $118,020 ~7m
Construction $48,900 ~5.6m
Installation, Maintenance, Repair $46,690 ~5.5m
Personal Care and Service $26,510 ~4.5m
Building and Grounds Maintenance $28,010 ~4m
Computers and Math $87,880 ~4m
Healthcare Support $30,470 ~4m
Protective Services $45,810 ~3m
Architecture and Engineering $84,300 ~2.5m
Community and Social Services $47,200 ~2m
Arts, Entertainment, Sports, Media $58,390 ~2m
Life, Physical, and Social Science $72,930 ~1m
Legal $105,980 ~1m
Farming, Fishing, and Forestry $27,810 ~450,000

Average salaries in U.S. companies ordered by some of the highest paying jobs

Occupation Annual Mean Salary # of Employees
Anesthesiologists $269,600 ~30,000
Surgeons $252,910 ~40,000
Psychiatrists $200,220 ~25,000
Chief Executives $194,350 ~200,000
Pilots $152,770 ~80,000
Computer and Info Systems Managers $145,740 ~350,000
Marketing Managers $144,140 ~200,000
Architectural and Engineering Managers $143,870 ~200,000
Lawyers $139,880 ~600,000
Financial Managers $139,720 ~550,000
Sales Managers $135,090 ~350,000
Personal Financial Advisors $123,100 ~200,000
General and Operations Managers $122,090 ~2.2m
Pharmacists $120,270 ~300,000
Human Resources Managers $120,210 ~100,000
Software Developers $110,590 ~400,000
Nurse Practitioners $104,610 ~150,000
Physician Assistants $102,090 ~100,000
Art Directors $101,170 ~35,000
Electrical and Electronics Engineers $100,770 ~300,000
Veterinarians $100,560 ~65,000

How to do your own salary research

The government data above gives you a nice general picture, but if you want to drill down to see salaries for your specific situation, there are ways to do that, too. After all, many factors impact your salary that can’t be accounted for in national numbers, such as:

  • The cost of living in your city or town
  • Your years of experience
  • The type of employer (private sector, government, non-profit, etc.)

Variables like these can make it somewhat difficult to pin down exactly what a fair salary might be, but you can at least get a picture of what range your salary should be in.

One easy way to see where you stand is to go to Payscale and take the “What am I worth?” survey. This questionnaire will deliver a detailed report on your salary compared to the national average. It will even recommend courses you can take to increase your pay, list related skills that affect your salary, suggest future jobs your current role can lead to, and provide job openings that relate to what you do right now.

And if you find that your salary isn’t up to par, here are a few things you can try to carve a more fruitful path:

  • Compare your role to others that utilize the same skillset but in different jobs or industries — you might find simply switching one of these factors could lead to a higher pay trajectory without drastically changing your daily work.
  • Research courses or certifications you can take to help you qualify for a promotion, but be sure that any costs will be outweighed by your future pay before you sign up (and check to see if your company offers reimbursement for such studies).
  • Ask your direct manager what kind of education, skills, or responsibilities you can take on to improve your outlook — this is a good way to get specific information from the person who understands the needs of your company and industry overall.
  • Learn the art of salary negotiation for raises at your current job and future offers down the road so that you can discuss your compensation with confidence and a strategy.

How to make the most out of your salary

No matter how much money you earn or could earn in the future, the key to maximizing your salary is to make the most of it at every step of the way, rather than waiting for the next bonus or raise to do so.

Here are a few things you can do right now to make the most of your salary:

  • Contribute to your 401(k) if your company offers it — and if they match, contribute up to that amount. (If you don’t, you’re leaving free money on the table.)
  • Consider signing up for an IRA if your company doesn’t offer retirement benefits — thanks to compound interest, you can end up with more for retirement by saving what you can early on rather than saving double that amount 10 years later.
  • Look into refinancing your student loans at a lower rate, so that more of your payment goes to the balance rather than interest. But consider it carefully before you act, since this means converting federal student loans to private and thus losing out on benefits such as income-driven repayment plans.
  • If you get paid biweekly, make biweekly payments on any debt you owe. Paying half the monthly amount due every other week will cause you to make one extra payment per year, which can get you out of debt faster without sending your budget into a tailspin.
  • Automate your savings, either through direct deposits from your paycheck to a savings account or through a financial app to help you save. Ensuring that some money gets stashed away before it hits your checking account helps you avoid the temptation to spend it all, and it can even help you get started with investing.
  • Utilize all the benefits your company offers. That means going on annual doctor and dentist check-ups if your company gives you insurance, using flexible health savings accounts for copays, taking advantage of gym memberships, and more. There’s no better way to “treat yo’ self” than maintaining good health.

Talking about salaries doesn’t have to be painful or awkward

Your salary might just be a number, but it’s one packed with emotions. We tend to view our salaries as a reflection of our self-worth — and the way employers value us. But, in the end, it really is just a number.

Sometimes our employers want to pay us more but can’t feasibly do so. And sometimes we just don’t do ourselves justice when it comes time to negotiate a great salary. Either way, don’t let how you compare to average U.S. salaries tell you what you’re worth.

Your career should be about your livelihood but also your fulfillment. Keep building the skills that enable you to shine and adding responsibilities that make you an asset. And when it comes time to talk money, arm yourself with the knowledge of how you’ve contributed, how you can contribute moving forward, and what your role is worth in the market.

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderVariable APREligible Degrees 
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1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at hello@earnest.com, or call 888-601-2801 for more information on ourstudent loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes.

3 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.899% APR to 8.179% APR (with AutoPay). Variable rates from 2.570% APR to 6.980% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. SoFi rate ranges are current as of September 14, 2018 and are subject to change without notice. See APR examples and terms. Lowest variable rate of 2.570% APR assumes the current index rate derived from the 1-month LIBOR of 2.08% plus 0.740% margin minus 0.25% AutoPay discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.
  2. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

4 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.

5 Important Disclosures for CommonBond.

CommonBond Disclosures

  1. Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 2.08% effective July 25, 2018.

6 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.57%-8.17% (2.57%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.75%-8.69% (3.75%-8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision at http://www.citizensbank.com/EdRefinance, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Estimated average savings amount is based on 14,659 Education Refinance Loan customers who saved on loans between August 1, 2017 and July 31, 2018. The calculation is derived by averaging monthly savings across Education Refinance Loan customers whose payment amounts decreased after refinancing, calculated by taking the monthly payment prior to refinancing minus the monthly payment after refinancing. We excluded monthly savings from customers that exceeded $4,375 and were lower than $20 to minimize risk of data error skewing the savings amounts. Savings will vary based on interest rates, balances and remaining repayment term of loans to be refinanced. Borrower’s overall repayment amount may be higher than the loans they are refinancing even if monthly payments are lower.

2.57% – 6.98%3Undergrad
& Graduate
Visit SoFi
2.47% – 5.87%1Undergrad
& Graduate
Visit Earnest
2.47% – 8.03%4Undergrad
& Graduate
Visit Lendkey
2.80% – 6.22%2Undergrad
& Graduate
Visit Laurel Road
2.48% – 6.25%5Undergrad
& Graduate
Visit CommonBond
2.57% – 8.17%6Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.