It’s no secret that DC has high income inequality. While those in the 95th percentile earn over $130K and homes in Georgetown cost millions, many people make less than $50K. So what’s the average salary in DC by age? And how does that compare to other cities around the country? To find out, I analyzed data from the American Communities Survey (ACS) with a spreadsheet I downloaded from the University of Minnesota Population Center. Continue reading to see what I discovered!
Salary.com has released a new report showing the average salaries for different ages from people with different salaries. I decided to find out what that trend looked like in the District of Columbia and this is what I found.
Average salary in dc by age
The median salary in DC by age is used to compare the results of the Graphiq analysis. From 20-year-old entry-level workers to 60-year-old senior executives, workers of all ages and career levels have a place in DC’s job market.
is a good report. The error of how much someone makes per hour is easy to see in here. No wonder, people like to take their car even at the age of 18, just because they earn more. They would be able to make more with less expense compared to bus. From the chart you can see that practically for all age groups men get higher salaries than women, it starts from almost 10K difference at the age of 18, and ends up with 150k difference at the age of 50. There is no surprise, since men work longer hours than women.
As the District of Columbia ages, the increased number of older workers creates the need for organizations to adapt their general business practices to cater to those who are 55 and older. These changes will likely have implications for employers in all industries when it comes to recruiting and retaining mature workers.
This information is collected from a variety of sources and may not be completely accurate. It only represents one year’s salary, so there is no way you can use this to figure out how much you’ll make for the rest of your career. Use this at your own risk.
The survey found that child care providers with experience and certificates, who have worked in the field for at least five years, bring home a median income of $37,000. That is almost $19,000 more than providers with no experience and only a high school diploma.
As the chart indicates, a person who graduated with a degree in business is likely to make a little more money than an individual with a degree in communications. That isn’t to say that someone with the latter degree won’t be successful, however; there are many professionals who have gone on to make significant salaries using their communications degree. But if you’re looking for someone who will make a lot of money through their career, it won’t hurt to get a business degree—it looks like it could be worth it.
