How Much Money Do I Need To Make In Washington Dc
Average Bacon in Washington D.C. 2022
How much coin does a person working in Washington D.C. make?
Average Yearly Bacon
104,000 USD
( 8,630 USD monthly)
LOW
26,200
USD Boilerplate
104,000
USD HIGH
462,000
USD
A person working in Washington D.C. typically earns around 104,000 USD per yr. Salaries range from 26,200 USD (lowest average) to 462,000 USD (highest average, actual maximum bacon is higher).
This is the boilerplate yearly salary including housing, transport, and other benefits. Salaries vary drastically between unlike careers. If you are interested in the salary of a particular job, see beneath for salaries for specific job titles.
Distribution of Salaries in Washington D.C.
The median, the maximum, the minimum, and the range
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Salary Range
Salaries in Washington D.C. range from 26,200 USD per year (minimum salary) to 462,000 USD per year (maximum average salary, actual maximum is college).
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Median Salary
The median bacon is 104,000 USD per year, which means that one-half (l%) of the population are earning less than 104,000 USD while the other half are earning more than 104,000 USD. The median represents the middle bacon value. Mostly speaking, you lot would want to be on the right side of the graph with the group earning more than than the median salary.
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Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the bacon distribution diagram, 25% of the population are earning less than 58,400 USD while 75% of them are earning more than 58,400 USD. Also from the diagram, 75% of the population are earning less than 283,000 USD while 25% are earning more than 283,000 USD.
What is the difference between the median and the average salary?
Both are indicators. If your bacon is higher than both of the average and the median then you are doing very well. If your salary is lower than both, and then many people are earning more than than you and there is plenty of room for improvement. If your wage is between the average and the median, then things tin can exist a bit complicated. Nosotros wrote a guide to explain all about the different scenarios. How to compare your salary
Salary Comparison by Years of Experience
How does a person's bacon progress over time?
The experience level is the most of import factor in determining the salary. Naturally the more years of feel the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than than freshers and juniors beyond all industries and disciplines.
Professionals with feel of more than than five years tend to earn on average 36% more than those with five years or less of work feel.
Change in bacon based on experience varies drastically from i location to another and depends hugely on the career field also. The data displayed here is the combined average of many dissimilar jobs. To view authentic figures, choose a specific chore title.
As you hit the x years marking, the bacon increases past 21% and an additional xiv% for those who have crossed the 15 years mark.
Those figures are presented as guidelines but. The numbers get more pregnant if y'all consider one task championship at a fourth dimension.
" On average, a person'due south bacon doubles their starting salary by the time they cross the ten years* experience marking. "
Bacon Comparison By Education
How does the education level affect your salary?
It is well known that higher didactics equals a bigger salary, simply how much more coin tin can a degree add together to your income? We compared the salaries of professionals at the same level merely with dissimilar college degrees levels across many jobs, below are our findings.
Modify in salary based on education varies drastically from 1 location to another and depends hugely on the career field too. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job championship.
Workers with a document or diploma earn on boilerplate 17% more than than their peers who just reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who just managed to reach a cerificate or diploma.
Professionals who attained a Primary's Degree are awarded salaries that are 29% more than those with a Bachelor'southward Caste.
Finally, PhD holders earn 23% more than Main's Degree holders on average while doing the same task.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master'south degree program or any post-graduate program in U.s.a. costs anywhere from 39,500 US Dollar(s) to 118,000 United states Dollar(south) and lasts approximately two years. That is quite an investment.
You can't actually expect any salary increases during the written report period, assuming you already take a job. In most cases, a salary review is conducted in one case pedagogy is completed and the degree has been attained.
Many people pursue higher education every bit a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your state of affairs and experience amidst many other factors. Putting all variables aside, if y'all can beget the costs of college educational activity then the render on investment is definitely worth it. You should be able to recover the costs in roughly a yr or so.
Salary Comparison By Gender
Though gender should not have an result on pay, in reality, it does. And then who gets paid more: men or women? Male employees in United States earn vi% more than than their female counterparts on avergae across all sectors.
| Male | 97,500 USD | |
| Female person | -6% | 92,100 USD |
Pct increment and subtract are relative to the previous value
Average Annual Salary Increment Per centum in United states of america
How much are annual salary increments in United States? How often practise employees get bacon raises?
United States
Employees in United States are likely to observe a salary increment of approximately 8% every 16 months.
The figures provided here are averages of numbers. Those figures should exist taken equally general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the nearly of import factors in determining how much and how frequently you volition be granted a heighten.
The term 'Annual Salary Increment' ordinarily refers to the increase in 12 calendar month period, but considering it is rarely that people get their salaries reviewed exactly on the i twelvemonth mark, it is more meaningful to know the frequency and the rate at the time of the increment.
How to calculate the salary increment pct?
The almanac salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increment = Increase Rate x 12 ÷ Increase Frequency
"The average salary increase in one year (12 months) in Usa is vi%."
Annual Increment Rate By Industry 2021
| Banking | four% | |
| Free energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | ii% | |
| Construction | 6% | |
| Pedagogy | one% |
Listed above are the average annual increase rates for each manufacture in United States for the twelvemonth 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions practise exist, but generally speaking, the situation of whatsoever company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Average Salary Increase Rate by Feel Level
| Junoir Level | 3% - 5% | |
| Mid-Career | 6% - 9% | |
| Senior Level | 10% - 15% | |
| Top Direction | 15% - twenty% |
The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.
Worldwide Salary Raises: All Countries and All Jobs
Bonus and Incentive Rates in Usa
How much and how often are bonuses being awarded?
47% of surveyed staff in United states reported that they oasis't received whatsoever bonuses or incentives in the previous yr while 53% said that they received at to the lowest degree ane form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their almanac salary.
| Received Bonus | 53% | |
| No Bonus | 47% |
Types of Bonuses Considered
Private Performance-Based Bonuses
The nigh standard form of bonus where the employee is awarded based on their exceptional operation.
Company Operation Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus volition probably exist different from person to person depending on their role inside the organization.
Goal-Based Bonuses
Granted upon achieving an important goal or milestone.
Vacation / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to misfile bonuses with commissions. A committee is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
Bonus Rates Comparing by Career Field
| Finance | High | |
| Compages | Loftier | |
| Sales | High | |
| Business Evolution | High | |
| Marketing / Advertizing | High | |
| Information Technology | Moderate | |
| Healthcare | Moderate | |
| Insurance | Moderate | |
| Customer Service | Moderate | |
| Man Resources | Moderate | |
| Structure | Low | |
| Transport | Low | |
| Hospitality | Depression |
What makes a position worthy of good bonuses and a loftier salary?
The main two types of jobs | |
| Acquirement Generators | Supporting Cast |
| Employees that are directly involved in generating acquirement or profit for the system. Their field of expertise usually matches the type of business organization. | Employees that support and facilitate the work of revenue generators. Their expertise is normally different from that of the core business operations. |
| Example: | Example: |
Revenue generators usually become more and higher bonuses, college salaries, and more than frequent bacon increments. The reason is quite elementary: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
"Try to work for companies where your skills can generate revenue. We can't all generate revenue and that'south perfectly fine."
Bonus Comparing by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the bureaucracy. People in pinnacle positions can easily get double or triple bonus rates than employees downward the pyramid.
Salaries for pop jobs
| Accounting and Finance | |
| Accountant | 68,300 USD |
| Accounting Assistant | 52,400 USD |
| Bookkeeping Manager | 154,000 USD |
| Bookkeeper | 45,100 USD |
| Chartered Accountant | 94,000 USD |
| Corporate Treasurer | 140,000 USD |
| Fiscal Analyst | 124,000 USD |
| Financial Director | 198,000 USD |
| Internal Auditor | 95,700 USD |
| Administration / Reception / Secretarial | |
| Administrative Assistant | 51,200 USD |
| Role Manager | 87,200 USD |
| Receptionist | 38,100 USD |
| Secretarial assistant | 45,800 USD |
| Advertizing / Grapic Design / Events | |
| Art Manager | 95,700 USD |
| Creative Manager | 101,000 USD |
| Graphic Designer | 63,900 USD |
| Photographer | 54,000 USD |
| Airlines / Aviation / Aerospace / Defense | |
| Aerospace Engineer | 133,000 USD |
| Air Traffic Controller | 112,000 USD |
| Flight Attendant | 67,200 USD |
| Pilot | 167,000 USD |
| Architecture | |
| Builder | 125,000 USD |
| CAD Drafter | 48,900 USD |
| Automotive | |
| Mechanic | 36,000 USD |
| Service Counselor | lxx,200 USD |
| Cyberbanking | |
| Bank Co-operative Director | 182,000 USD |
| Teller | 37,600 USD |
| Bilingual | |
| Teacher | 73,600 USD |
| Translator | 94,000 USD |
| Business organization Planning | |
| Business Analyst | 124,000 USD |
| Business Evolution Manager | 161,000 USD |
| Project Manager | 113,000 USD |
| Care Giving and Kid Care | |
| Nanny | 41,900 USD |
| Nursery Teacher | 35,900 USD |
| Structure / Building / Installation | |
| Civil Engineer | 89,000 USD |
| Structure Project Manager | 162,000 USD |
| Health and Prophylactic Officer | 45,400 USD |
| Customer Service and Telephone call Eye | |
| Call Center Representative | 37,400 USD |
| Customer Service Director | 136,000 USD |
| Customer Service Representative | 37,000 USD |
| Engineering | |
| Electrical Engineer | 98,400 USD |
| Engineer | xc,700 USD |
| Mechanical Engineer | ninety,000 USD |
| Executive and Direction | |
| Chief Executive Officer | 216,000 USD |
| Chief Financial Officer | 201,000 USD |
| General Managing director | 176,000 USD |
| Food / Hospitality / Tourism / Catering | |
| Chef | 59,700 USD |
| Executive Chef | 73,200 USD |
| Hotel Manager | 188,000 USD |
| Travel Agent | 63,800 USD |
| Waiter / Waitress | 31,200 USD |
| Health and Medical | |
| Dentist | 248,000 USD |
| Dietitian | 189,000 USD |
| Laboratory Technician | 71,400 USD |
| Nurse | 76,700 USD |
| Human Resources | |
| Human Resource Manager | 147,000 USD |
| Human Resource Officer | 59,600 USD |
| Data Technology | |
| Computer Technician | 77,700 USD |
| Database Administrator | 96,300 USD |
| Developer / Developer | 98,000 USD |
| Information technology Manager | 170,000 USD |
| Network Engineer | 82,200 USD |
| Law Enforcement / Security / Fire | |
| Law Officer | 57,900 USD |
| Legal | |
| Chaser | 190,000 USD |
| Legal Banana | fifty,100 USD |
| Media / Dissemination / Arts / Entertainment | |
| Journalist | 109,000 USD |
| Pharmaceutical and Biotechnology | |
| Biomedical Engineer | 87,200 USD |
| Pharmacist | 127,000 USD |
| Sales Retail and Wholesale | |
| Cashier | 37,500 USD |
| Sales Manager | 172,000 USD |
| Sales Representative | 63,300 USD |
| Teaching / Education | |
| Elementary School Teacher | 68,500 USD |
| Secondary School Teacher | 84,900 USD |
Average Hourly Wage in Washington D.C.
The average hourly wage (pay per hour) in Washington D.C. is 50 USD. This ways that the average person in Washington D.C. earns approximately 50 USD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x viii )
The hourly wage is the salary paid in i worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (bold five working days in a week and viii working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per calendar week and the almanac vacation assart. The figures mentioned above are expert approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Washington D.C. VS United States
We compared salaries in Washington D.C., District of Columbia, and Us and nosotros found that Washington D.C. salaries are xvi% more than than those of Commune of Columbia. We as well found out that District of Columbia salaries are 6% less than those of The states.
Salary Comparison By City
| Washington D.C. | 104,000 USD |
Government vs Private Sector Bacon Comparison
Where can you become paid more than, working for a private company or for the government? Public sector employees in United States earn v% more than than their private sector counterparts on boilerplate beyond all sectors.
| Individual Sector | 92,400 USD | |
| Public Sector | +v% | 97,100 USD |
Per centum increase and decrease are relative to the previous value
Source: http://www.salaryexplorer.com/salary-survey.php?loc=2579&loctype=3
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