What Is the Median Net Worth in the US
The median net worth in the US for families was 192,900 dollars in 2022, according to the Federal Reserve Board's Survey of Consumer Finances, while the mean was 1,063,700 dollars. The median household net worth was 192,700 dollars in the same year, reflecting the midpoint where half of households have more and half have less. These figures come from the Federal Reserve's triennial report released in October 2023, which is widely cited as the most comprehensive public snapshot of US household balance sheets.
For nonfamily households, such as single-person or unrelated sharers, the median net worth was 11,400 dollars in 2022, while the mean was 207,700 dollars. The large gap between median and mean shows that a relatively small share of high-net-worth households pulls the average up, making the median a more representative figure for a typical American family.
How the Latest Median Net Worth Breaks Down by Age, Race, and Income
By age, the median net worth for families headed by someone under 35 was 13,900 dollars in 2022, while families headed by someone 65 and older had a median of 409,100 dollars. Families aged 45 to 54 had the highest median at 212,600 dollars, followed by those aged 55 to 64 at 305,500 dollars, showing that net worth typically peaks around retirement age.
By race and Hispanic origin, the median net worth for White families was 247,700 dollars, for Hispanic families 37,800 dollars, and for Black families 28,500 dollars in 2022. By income quintile, families in the top 10 percent had a median net worth of 1,786,500 dollars, while those in the bottom 25 percent had a median of negative 7,500 dollars, meaning their debts exceeded their assets.
What Drives the Median Net Worth and Where to Find the Latest Updates
Homeownership is the single largest driver of median net worth for most US families, with owner-occupied housing accounting for the bulk of assets for middle-income households. Financial assets such as retirement accounts, bank deposits, and stocks also contribute, while liabilities like mortgages, student loans, and auto loans reduce net worth.
The Federal Reserve updates the Survey of Consumer Finances every three years, with the next release expected in 2026 based on the 2025 data collection cycle. Investors and researchers tracking wealth trends can follow the Federal Reserve Board's official release page for the latest tables and public use datasets.