The median monthly income for those earning between $40,000 and $60,000 per year is $1,636.
This is roughly double the median income of the bottom 40 percent of earners in the US, and almost $6,000 less than the median of the top 1 percent.
The median yearly income for the top 0.01 percent of Americans is $11.2 million, according to data compiled by the Economic Policy Institute, which advocates for a more equitable and sustainable economy.
The average annual income of Americans living in metropolitan areas is roughly $75,000.
However, the average income in the suburbs is only $30,000, while the median is $60.
The richest 5 percent of the population earned nearly $2 million last year, while those in the bottom 50 percent earned just $1.6 million, the data shows.
The median monthly household income in Los Angeles, the nation’s second-most expensive city, was $1 million.
It’s the highest income of any major metropolitan area in the United States.
In San Francisco, median income was $852, while in New York, the fourth-most costly city in the country, median monthly earnings were $1 to $2,000 lower than the national average.
In Seattle, median household income was slightly higher at $1 billion, while New York City was the only other big city in America with an income below $1 trillion.
While the US is the wealthiest country in the world, the gap between the middle and the top is growing rapidly.
The middle is growing at an even faster pace than the top one percent, according the data.
The top one-tenth of one percent of US households earned about $5.7 trillion in 2016, according data compiled from the Bureau of Labor Statistics.
The top 1.1 percent of households earned $9.7 billion last year.
That’s almost four times the income of all the bottom 90 percent of American households combined, according TOI.