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September 5, 6 min read. You may or may not realize that the U. Whenever the BLS reports salary statistics, it typically shows the median—the salary right in the middle. In other words, half of workers earned less than the median, and half earned more than the median.
But why report the median instead of the average? The highest salaries are so atypical that they can skew the data.
By relying on the median instead of the average, you can get a more accurate picture of typical income levels. One helpful way of looking at median salaries is by age group since it allows you to compare your salary to that of others who are around the same age. Here are the second quarter earnings of full-time wage and salary workers, ages 16 and older, according to the BLS:.
While age is one helpful way to consider median salary data, other factors appear to influence salaries too. One major factor that can impact salary is education level.