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Banking Average Salary in United States 2018

How much money does a person working in Banking make in United States?

5,510 USD per month
Average Monthly Salary
A person working in Banking in United States typically earns around 5,510 USD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Banking Jobs Salary Distribution in United States

25% of people earn
3,000 USD
or less
50% of people earn
4,271 USD
or less
75% of people earn
6,000 USD
or less
900 USD
4,271 USD
61,000 USD

Abount These Figures: Salary Range, Median and Percentiles

Banking salaries in United States range between 900 USD per month (minimum salary) to 61,000 USD per month (maximum salary).

The median salary is 4,271 USD per month, which means that half (50%) of people working in Banking are earning less than 4,271 USD while the other half are earning more than 4,271 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph, with the group earning more than the median salary.

Closely related to the median are two similar values: the 25th and 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 3,000 USD while 75% of them are earning more than 3,000 USD. Also from the diagram, 75% of people working in Banking are earning less than 6,000 USD while 25% of them are earning more than 6,000 USD.

What is the difference between the median and the average salary? What should I be looking at?

Both are indicators. If your salary is higher than both the average and the median, then you are doing very well. If your salary is lower than both, then many people are earning more than you. You have plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. Luckily for you, we have written a guide to explain all the different senarios. How to compare your salary

Banking Salary Trend and Forecast in United States

How are Banking salaries changing over time? Listed below is a chart that shows the average Banking salary in United States in recent years.

Average Salary 2015    =  
5,162 USD
Average Salary 2016    +1%  
5,235 USD
Average Salary 2017    +3%  
5,381 USD
Average Salary 2018    +2%  
5,510 USD
Percentage increase and decrease are relative to the previous value
Banking salaries in United States are on the rise in the year 2018 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2018 are 2% higher than those of 2017. The trend suggests a slow yet slow continous increase in pay in 2019 and future years. These numbers differ slightly from industry to another.

Banking Average Hourly Wage in United States

28 USD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in United States for Banking is 28 USD. This means that the average person in United States earns approximatly 28 USD for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working 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 (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and is considered to the be the standard.

Salary Comparison By Job Division (Average Monthly Salary)

Job DivisionAverage Salary
Loans4,251 USD
Mortgage4,622 USD
Other Banking5,826 USD

See Other People's Submitted Salaries

Salary Comparison By State (Average Monthly Salary)

StateAverage Salary
Alabama4,067 USD
California3,991 USD
Colorado3,524 USD
Connecticut6,495 USD
District of Columbia13,750 USD
Florida4,464 USD
Georgia4,639 USD
Idaho3,756 USD
Illinois4,750 USD
Kansas3,222 USD
Massachusetts7,438 USD
Minnesota2,146 USD
Missouri3,883 USD
Nevada16,250 USD
New Jersey3,721 USD
New York7,947 USD
North Carolina4,237 USD
Ohio3,973 USD
Pennsylvania3,586 USD
Tennessee5,069 USD
Texas5,337 USD
Virginia3,833 USD

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