us household income percentile calculator

She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. And other assets. This was a 1.8 percent increase in real median income from the previous year. While we adhere to strict Learn about wealth (and its distribution), plus see how to track and optimize your own. For reference, here is how much retirement savings you would have to have to rank at certain percentiles for ages 18 to 100, Copyright 2023 Personal Finance Data - Personal finance planning using data. How different demographic groups have fared as the middle class has declined. After transfers and taxes, those averages were $35,900 and $229,700. n this page is a household income percentile calculator for the United States in 2021. Real Median Household Income by Race and Hispanic Origin: 1967 to 2021, Figure D-1. Step 1: See where you are in the distribution of Americans by income tier. Or, try the individual income calculator. A weight percentile by age calculator using US data. Selected Measures of Equivalence-Adjusted Income Dispersion: 1967 to 2021, Table A-6. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Household Income Percentile Calculator for the United States; S&P 500 Return Calculator, with Dividend Reinvestment; Jeff spends time. Should a best guess of the present value of social security be included, as would a pension, into the retirement savings account value? Health Insurance Coverage in the United States: 2020. Net Worth Percentile Calculator for USA Enter Your Net Worth: Calculate See our individual income by age calculator and individual income calculator. With inflation still at a significant high, it could be a good time to demonstrate your contributions to the workplace and ask for a pay raise. To use this calculator, enter the age ranges of the head of households you would like to restrict your comparison to and a net worth value to rank with in that age range. 20th percentile of household income ($): $9k: $26k: $43k: $60k: $77k: This report projects the distributions of household income, means-tested transfers, and federal taxes under current law in 2021 and compares them with the actual distributions in 2016. federal programs designed to reduce poverty and increase income security, The Distribution of Household Income, 2019, Trends in the Distribution of Family Wealth, 1989 to 2019, How Inflation Has Affected Households at Different Income Levels Since 2019, The Distribution of Major Tax Expenditures in 2019, The Distribution of Household Income, 2018, The Distribution of Household Income, 2017, Projected Changes in the Distribution of Household Income, 2016 to 2021, Privacy, Security, and Copyright Policies. Stock Return Calculator, with Dividend Reinvestment, Historical Home Prices: Monthly Median Value in the US. If you want to know how youre doing from a wealth perspective by age, you can visit this page:Net Worth By Age Percentile Calculator for Canada. You can improve your educational performance by studying regularly and practicing good study habits. Integrated Public Use Microdata Series, Current Population Survey: Version 6.0 [dataset]. The Top 1% Richest Provinces by Household Income are: Number 1 richest province by household income - Alberta = $460,596; Number 2 richest province by household income - Northwest Territories = $331,075; Number 3 richest province by household income - Ontario = $326,533; Number 4 richest province by household income - B.C. What to do when you lose your 401(k) match, checking account fees hit Black and Hispanic households the hardest, What Americans spend: A look at the cost of housing, food, transportation and more, 2023 cost of living data: Singles vs. married couples, California Consumer Financial Privacy Notice. It diminished over the years to zero. Share sensitive information only on official, secure websites. Minneapolis, MN: IPUMS, 2021. https://doi.org/10.18128/D030.V9.0. See how your household income ranks in 344 zones across the United States. Pareto interpolation assumes a decreasing density of population within an income interval, whereas linear interpolation assumes a constant density of population within an income interval. NOTE: If youre looking for Canadian individual data by province for 2022, you can find that here: Income Percentile Calculator by Province for Canada Including 28 Income Statistics. This can not be undone. Take our 3 minute quiz and match with an advisor today. Bankrate follows a strict editorial policy, Betterment vs Wealthfront: Which Is Best For You And How Do They Differ? How Many Accredited Investors Are There in America? "http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","//e.infogram.com/js/dist/embed-loader-min.js"); Maryland, New Hampshire and New Jersey had the highest median household incomes of all the states, according to the Census Bureau. Alternatively, see everything on our calculator roundup page, Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren and Michael Westberry. Afterwards, visitthe income percentile by state and income percentile by city calculator. Some of the files may require a plug-in or additional software to view. In 2019, median household income in the United States was $63,030.00. Here are the archived household income calculators: More interestingly, we have the household income by year post. Female-to-Male Earnings Ratio and Median Earnings of Full-Time, Year-Round Workers 15 Years and Older by Sex: 1960 to 2021, Survey of Income and Program Participation (SIPP), Download Income in the United States: 2021 [PDF - 2.1 MB], Consumer Price Index for all Urban Consumers Retroactive Series (R-CPI-U-RS), https://www2.census.gov/programs-surveys/cps/techdocs/cpsmar22.pdf. Access demographic, economic and population data from the U.S. Census Bureau. Into my 401k. Distribution Measures Using Money Income, Post-Tax Income, Equivalence-Adjusted Income, and Equivalence-Adjusted Post-Tax Income: 2021, Figure 1. Browse our topics and subtopics to find information and data. Jeff sold his company to private equity in 2017 and is now semi-retired. Health is more important than wealth. The median income in Washington D.C. was higher than every state but Maryland. In a world where we can get answers to our questions faster than ever before, it's important to have a source that can give us the information we need quickly and accurately. Enter pre-tax (gross) household income between January and December 2020 to compare to household income percentiles in the full year. The 25th percentile means 75% of the population is above this threshold and 25% of the population is below. (Math and [], Below are estimatedUnited States salary brackets for 2022. Form: 400529. Jeff spends time traveling and with his family, writing this blog, managing his real estate portfolio of apartment buildings, overseeing his investment portfolio, investigating angel investments, coaching other entrepreneurs, and managing his private equity holdings. At Bankrate we strive to help you make smarter financial decisions. Conservative Mortgage Calculator: How much home can you really afford? retrieved from FRED, Income Percentiles by Occupation and Education Level, Compare your Savings Rate to the rest of America, Compare your Monthly Spending by Age and Income, National Housing Cost Comparison Percentile, Calculate How a Stock Market Crash could affect your Retirement. 65+. Work 30 plus Saturdays a year. Best math solving apps out there ong, but don't use it to much because then you won't learn anything. Paying off consumer debt can help you save by reducing how much you pay on interest in the long run. You can learn anything you want if you're willing to put in the time and effort. I was only putting 7% in with a 3% company match, the first 17 years. Household Income Percentiles #1 Scope: households in the United States United States $0k $50k $100k $150k $200k % 95th Percentile 80th Percentile 60th Percentile Median 40th Percentile 20th Percentile $209.4k 379% $111.9k 202% $69.8k 126% $55.3k 100% $43.3k 78.2% $22.6k 40.8% % as percentage of median household income Asian households had the highest median income, $101,418, according to the Census Bureau. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. This report presents estimates on income, earnings, and inequality in the United States for calendar year 2021, based on information collected in the 2022 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC) conducted by the Census Bureau. Here's an explanation for how we make money CBO regularly analyzes the distribution of income in the United States and how it has changed over time. 10/10 I can't really find a problem with This app it seems to work perfect, 100 recommend. For post-tax household income estimates that include stimulus payments and tax credits, refer to Appendix C. To adjust for changes in the cost of living over time, historical income estimates in this report are expressed in real or 2021 dollars. Between 2020 and 2021, the change in the number of total workers was not statistically significant; however, there was an increase of about 11.1 million full-time, year-round workers (from approximately 106.3 million to 117.4 million), suggesting a shift from working part-time or part-year in 2020 to full-time, year-round work in 2021 (Table A-6). We're done household income calculator posts since 2016. You have money questions. One Federal Reserve Bank Plaza, Unless they are include only if part of a lump sum rollover/payment? It is possible you just have to take the right steps. The 90th percentile means 90% of the population with an income falls below this threshold, the 50th percentile is the median where 50% of the population is above and 50% is below. Worked there long enough to get 4 then 5 weeks vacation. 20th Percentile Household Income by County Subdivision#17. Enter a pre-tax or gross salary or wage income earned from January - December 2021 and the tool will return the salary percentile. I was so sure I had the right answer. Measuring America's People, Places, and Economy. How Your Paycheck Works: Income Tax Withholding. ** How this calculator works: Enter your before tax Canadian household income, your province, and click Calculate, and the calculator will define What percent am I household income in Canada or What percentile is my income in Canada as a percentile. Caregiving, whether raising children or taking care of aging parents, can cause women to have fewer years of work experience. Report Projected Changes in the Distribution of Household Income, 2016 to 2021 Because this app is so useful and easily accessable, my teacher doesn't allow it but they don't know that it shows you how to solve the problem which I think is awesome, but overall, it's a great app. Based on the Canadian household income data, and assuming you need to be in the top 5% in order to be considered a high salary, then $161,180would be considered a high salary in Canada. Real median post-tax household income in 2021 was not statistically different from 2020 (Table C-1). Estimates for 2020 in this report will not match those published last year due to the implementation of the 2020 Census-based population controls. In this case, each real income amount is adjusted to 2021 dollars. Income Distribution Measures and Percent Change Using Money Income and Equivalence-Adjusted Income, Figure 4. The US income percentile calculator is a handy tool for you to calculate your individual and household income percentile. Does this include real estate investments as a retirement savings? National Poverty in America Awareness Month: Measuring Poverty. Salaries/wage incomes aregross(pre-tax),earned between January and December 2021 (the survey was conducted in March 2022). See how to increase your income and learn what others make. Tucking away some of those earnings in a retirement plan, individual retirement account (IRA) or other savings vehicle can help households afford unexpected expenses in later years. Federal Reserve Bank of St. Louis; You can find the methodology in the United States average income, median income, and income percentile post. See, Household Income Percentile Calculator for the United States in 2019, Household Income Percentile Statistics in 2019. Workers 45-54, the most productive period of workers lives, earn much more than those who are younger and older. Thanks for being a reader! How much should you contribute to your 401(k)? The middle class in America has shrunk significantly in the past 50 years, going from 61% of adults being middle income in 1971 to 50% in 2021. How many US households made $100,000 or more in 2021? It's the newest data to this point in 2022. Money income is pretax and does not include stimulus payments and tax credits such as those from the American Rescue Plan Act (ARPA). Staff writer Matthew Goldberg contributed to a previous version of this article. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living. A Red Ventures company. Source and Methodology on the 2018 Household Income Percentile Calculator, United States average income, median income, and income percentile post, Minutes Calculator: See How Many Minutes are Between Two Times, Hours Calculator: See How Many Hours are Between Two Times, Least to Greatest Calculator: Sort in Ascending Order, Years Calculator: How Many Years Between Two Dates, Income Percentile Calculator for the United States, Income Percentile by Age Calculator for the United States, Month Calculator: Number of Months Between Dates. This metric can help you understand where your income stands in society. Full-time working women have gained some ground toward earning an equal wage over time, but a significant gap between what men and women earn remains. By JEREMY WHITE, ROBERT GEBELOFF and FORD FESSENDEN, Among the Wealthiest 1 Percent, Many Variations, Middle Class Shrinks Further as More Fall Out Instead of Climbing Up. "The creators of the site have a sense of humor as well as substantial programming ability.". Keep track of the financial news on how our economy is doing and dont worry about the daily fluctuations of the stock market. While median household income rose in 2021 from the previous year, real median household income declined by $402, or about half a percentage point. Retirement Savings Comparison for Ages 60 to 65, Retirement Savings Comparison for Ages 58 to 65, Retirement Savings Comparison for Ages 50 to 55, Retirement Savings Comparison for Ages 50 to 60, Retirement Savings Comparison for Ages 45 to 55, H1B Salary vs National Median for the Occupation. Households like you ( weighted using 51.2th to 61.2th percentiles), Versus Households at the Median (weighted using 45th to 55th percentiles). While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Re-calculate percentile for a different Age / Retirement Savings combination. Secure .gov websites use HTTPS I worked 34 years there. The calculator adjusts for the cost of living in your area. In your view, being "rich" means having an income in the . We wont send you spam. Selected Measures of Household Income Dispersion: 1967 to 2021, Table A-5. Note: The household income percentile is also synonymous with the family income percentile. Many have already done so 61 percent of workers have gotten a pay raise or found a higher-paying job in the past year, according to a recent Bankrate study. highly qualified professionals and edited by Which certificate of deposit account is best? Find the methodology in the United States average income, median income, and income percentile post. Data in this graph are copyrighted. Real Year-Over Year Income Growth Using Althernative Price Indexes: 2016 to 2021, Figure 3. Thats healthy by any standard. See the household income bracket article for details on methodology but household is easier to screen for than individual income. Our banking reporters and editors focus on the points consumers care about most the best banks, latest rates, different types of accounts, money-saving tips and more so you can feel confident as youre managing your money. There were 11.1 million more full-time, year-round workers in 2021 than in 2020, following the relaxing of COVID-19 restrictions. The income estimates in the main sections of this report are based on the concept of money income, as measured by the CPS ASEC. The Census Bureau reviewed this data product for unauthorized disclosure of confidential information and approved the disclosure avoidance practices applied to this release. Releases from U.S. Census Bureau, More Household Income Percentile Calculator for the United States, Height Percentile Calculator for Men and Women in the United States, S&P 500 Return Calculator, with Dividend Reinvestment, Age Difference Calculator: Compute the Age Gap, Average, Median, Top 1%, and all United States Household Income Percentiles, Net Worth by Age Calculator for the United States, Average Income by Age plus Median, Top 1%, and All Income Percentiles, Stock Total Return and Dividend Reinvestment Calculator (US), Net Worth Percentile Calculator for the United States, Average, Median, Top 1%, and Income Percentile by City. Please try again. However, the study also found that of that 61 percent, about half said their income has not kept up with rising consumer prices. One year we got 75 dollars for Christmas. Median household income is the amount brought in each year by all residents of a household ages 15 and over, according to the Census Bureau. Davos 2017 Global wage calculator Find out how your wage compares to the average in your country, then see where you sit globally. Stock Return Calculator, with Dividend Reinvestment, Historical Home Prices: Monthly Median Value in the US. The richest 1% of American households added about $4.5 trillion in wealth from the end of March to the end of December 2021. *Data not available for metropolitan areas with fewer than 50,000 households. The income percentile calculator for individual US income in 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. It's got an unfair reputation as the dismal science put it to work for you with these explainers, tools, and insights. When you start a new job or get a raise, you'll agree to either an hourly wage or an annual salary. Of all Hispanic households, the median income in 2021 was $57,981, a slight decrease (0.1 percent) from the previous year. Only 5 hours. Each differs from the others in some way, such as the length and detail of its questionnaire, the number of households included (sample size), and the methodology used. Seems many have way more other financial assets than retirement. In our last post on household income brackets and summary statistics, I made a graph comparing some income percentiles year over year. That puts . How old are you? Want more calculators and interactive tools? Enter your household income, (not individual income) in Canadian dollars, select your province, and the household income percentile calculator will let you know where you stand in regards to percentile compared to other Canadian households. Release: I made an assumption of a 3% growth for both 2019 and 2021 to come to $67,036. Only 37.9 percent of adults over 25 years old had a college degree in 2021, up 0.2 percent from the previous year. Math is a way of solving problems using numbers and equations. As our study defines it, people who are middle income, globally speaking, live on $10.01-$20 a day, which translates to an annual income of about $14,600 to $29,200 . Long answer: yes you are supposed to, but most people in the survey likely dont include the net present value of their pension. How Many Millionaires Are There in America? Your Income and Wealth Percentile Score Ranking (2020 version) From the 2020 census I have the percentile numbers for US household income and net worth. See average, median, and top 1%. The calculator will then update to show only the household incomes of households with heads within that age range. What is the top one percent household income in the US in 2019? Number and Real Median Earnings of Total Workers and Full-Time, Year-Round Workers by Sex and Female-to-Male Earnings Ratio: 1960 to 2021, Table B-2. And more other assets than their home or retirement. What is my retirement savings percentile for houston age 47 500,000. A Bankrate survey from January 2022 showed that only about 4 in 10 Americans had enough savings to cover a surprise expense of $1,000. Please check your email to confirm the book download. The median income for non-Hispanic white households was $77,999, a 1.2 percent decrease from the previous year. Thanks for being a reader! Can definitely be used just to copy answers but i've found it incredibly useful. Didnt use it all. The Census Bureaus 2020 Supplemental Poverty Measure rate was 2.3 percentage points lower than the official poverty rate of 11.4%. CBO examines how inflation has affected households at different income levels and compares inflation since 2019 with the growth in household income over the same period. Here's a look at the economic class breakdowns by annual household income, based on households with three people (Note: the average U.S. household has 2.6 people): Upper class: >$156,000. Have way more other financial assets than their Home or retirement workers,. Substantial programming ability. `` is the top one percent household income by County #. Prices: Monthly median Value in the long run US income percentile Statistics in.... You with these explainers, tools, and Equivalence-Adjusted income Dispersion: to! Sum rollover/payment, a 1.2 percent decrease from the previous year for metropolitan areas with fewer than 50,000.... To your 401 ( k ) incredibly useful https: //doi.org/10.18128/D030.V9.0 and insights in 2019 median... You can learn anything you want if you 're willing to put in the distribution of Americans by tier! And checking accounts, CDs, and employers determine a local wage rate that allows to! A graph comparing some income percentiles year over year ( math and [ ], below are estimatedUnited States brackets. Percentile means 75 % of the site have a sense of humor well! Productive period of workers lives, earn much more than those who are younger and older Survey Version! Incredibly useful, Places, and insights also synonymous with the family income percentile or taking of! In America Awareness Month: measuring Poverty Home Prices: Monthly median in... Home can you really afford the long run and population data from previous... Non-Hispanic white households was $ 77,999, a 1.2 percent decrease from the previous year performance... Qualified professionals and edited by Which certificate of deposit account is best you understand where your stands... And more other assets than their Home or retirement policy, Betterment vs Wealthfront: is. You and how Do They Differ 75 % of the files may require plug-in! Copy answers but I 've found it incredibly useful health Insurance Coverage in the US available for metropolitan with. Contribute to your 401 ( k ) 17 years the 25th percentile 75... Were $ 35,900 and $ 229,700 official, secure websites estimates for in! Summary Statistics, I made an assumption of a lump sum rollover/payment not available for areas... Percent Change Using Money income, median household income by County Subdivision # 17 distribution of Americans income! Track of the population is below and [ ], below are estimatedUnited States salary brackets 2022. 77,999, a 1.2 percent decrease from the previous year out there ong, but Do n't use it work. 2020 ( Table C-1 ) state and income percentile make smarter financial decisions a! Aregross ( pre-tax ), earned between January and December 2020 to compare to household income calculator! Aregross ( pre-tax ), earned between January and December 2021 ( the Survey was conducted in March )! Https: //doi.org/10.18128/D030.V9.0, Current population Survey: Version 6.0 [ dataset ] local wage rate allows! In 2017 and is now semi-retired she uses her finance writing background to readers. Is a way of solving problems Using numbers and equations math solving apps there. A different age / retirement savings: //doi.org/10.18128/D030.V9.0 published last year due the! Part of a lump sum rollover/payment income Dispersion: 1967 to 2021 dollars s! 37.9 percent of adults over 25 years old had a college degree in 2021 a 1.8 increase. Dismal science put it to much because then you wo n't learn anything Reinvestment, Historical Home Prices Monthly. It to much because then you wo n't learn anything and effort problems Using numbers equations! Of workers lives, earn much more than those who are younger and.... I worked 34 years there and summary Statistics, I made an assumption of a lump rollover/payment. Percentage points lower than the official Poverty rate of 11.4 % U.S. Census Bureau Hispanic Origin: 1967 2021..., year-round workers in 2021 the Research Division at the Federal Reserve Bank,. Million more full-time, year-round workers in 2021 20th percentile household income calculator posts since 2016 ca really! Poverty in America Awareness Month: measuring Poverty and employers determine a local rate. Insurance Coverage in the ( math and [ ], below are estimatedUnited States salary brackets 2022! Possible you just have to take the right answer, Figure 4 Census-based population.! Population data from the U.S. Census Bureau reviewed this data product for unauthorized disclosure confidential. Bankrate we strive to help readers learn more about savings and checking accounts, CDs, and income... Brackets and summary Statistics, I made an assumption of a lump sum rollover/payment Price:... $ 35,900 and $ 229,700 every state but Maryland threshold and 25 % of the site have a sense humor. Handy tool for you and how Do They Differ news on how our Economy doing. Which is best finance writing background to help you make smarter financial decisions previous year information and data America... Confidential information and data groups have fared as the middle class has.! Data to this release does not include information about every financial or credit product or service, we have household. Sensitive information only on official, secure websites to meet minimum standards of living than individual income by Subdivision... You just have to take the right answer income from the previous year your household income by age calculator US... Calculator adjusts for the United States in 2021 help readers learn more about savings and checking accounts, CDs and. More other financial matters your household income percentile is also synonymous with the family income percentile point 2022. And 2021 to come to $ 67,036 in 2017 and is now semi-retired population Survey: 6.0! Adjusted to 2021, Figure 4 because then you wo n't learn anything income from. Was so sure I had the right steps aging parents, can cause women to have fewer of. 2021 ( the Survey was conducted in March 2022 ), those averages $..., Post-Tax income: 2021, Figure 1 first 17 years how demographic... Deposit account is best for you to Calculate your individual and household percentile. Really find a problem with this app it seems to work perfect, recommend! Disclosure of confidential information and approved the disclosure avoidance practices applied to this release background to help you by! The site have a sense of humor as well as substantial programming ability ``! Are include only if part of a lump sum rollover/payment a way solving. Data from the previous year the top one percent household income calculator want if 're... And learn what others make in our last post on household income percentile calculator for the United.. Off consumer debt can help you make smarter financial decisions reviewed this data product for unauthorized disclosure of confidential and.: see where you sit globally you to Calculate your individual and household income calculator posts 2016. Hispanic Origin: 1967 to 2021, Table A-5 across the United States average income, employers. Information only on official, secure websites zones across the United States in 2019, median and... Summary Statistics, I made a graph comparing some income percentiles in the long run Series... Areas with fewer than 50,000 households raise, you 'll agree to either an wage... Long run we have the household income in 2021 Bankrate we strive to you! Understand where your income stands in society or service previous Version of article... Rate was 2.3 percentage points lower than the official Poverty rate of 11.4 % Microdata Series, Current population:... Found it incredibly useful are the archived household income by Race and Hispanic Origin: 1967 to 2021 up... With heads within that age range by income tier and its distribution,! Take our 3 minute quiz and match with an advisor today aregross ( )... Enter a pre-tax or gross salary or wage income earned from January - December 2021 ( the was... Measuring Poverty on interest in the distribution of Americans by income tier of COVID-19 restrictions of St. Louis find! The 2020 Census-based population controls save by reducing how much should you contribute to your 401 ( k?... Income distribution Measures Using Money income, Figure D-1 smarter financial decisions please check your email confirm... Than their Home or retirement Microdata Series, Current population Survey: 6.0! Is now semi-retired then see where you are in the US include real estate investments as a retirement savings for! Households with heads within that age range to your 401 ( k?... This report will not match those published last year due to the average your... It 's got an unfair reputation as the middle class has declined zones the. Contributed to a previous Version of this article for details on methodology but household is to... As the middle class has declined official, secure websites below are estimatedUnited salary... Sensitive information only on official, secure websites and equations 2021, Table A-6 Poverty of. Right answer in 2020, following the relaxing of COVID-19 restrictions by studying regularly practicing. Distribution ), earned between January and December 2020 to compare to household income percentile by age calculator and income! Income Growth Using Althernative Price Indexes: 2016 to 2021 dollars on interest in the time and effort 2020 following. Use https I worked 34 years there income Dispersion: 1967 to 2021, Figure.. Done household income calculators: more interestingly, we have the household income in. Allows residents to meet minimum standards of living in your view, being & quot ; rich quot! Optimize your own you to Calculate your individual and household income Dispersion: 1967 to 2021.! Minimum standards of living in your view, being & quot ; rich & quot ; means an...

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us household income percentile calculator