The average American’s net worth is $620,654, but that number means little. Here’s the figure that counts

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But if that number sounds surprisingly high and disconnected from yours, there’s a reason.Averages are calculated by adding all of the numbers in a dataset, then dividing the total by the number of data points in the set. Because of this, the metric is easily skewed by outliers.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPGet early access to privately-held AI companies with Fundrise Venture Capital for as little as $10. Join 350,000+ investors todayFor instance, if you (with the average American net worth) and Elon Musk enter an elevator together, the average net worth in that elevator would essentially be half of his vast $342 billion fortune (2).Your personal net worth is likely nowhere close to that $171 billion figure, but since Musk’s number is so high, the average is skewed upwards — or his downwards, depending on how you look at it. So, despite what the report says, you may know very few people who have $620,654 in wealth.With this in mind, UBS tracked median wealth: a different measure which is likely closer to reality for everyday Americans.Unlike averages, medians aren’t skewed by the extremes.Rather than taking the total wealth across a country and dividing it by the country’s total population, median wealth is calculated by arranging all adults in either ascending or descending order of net worth, then picking the data point in the middle for a fairer representation.In other words, if your wealth is similar to the median net worth figure, that means 50% of the country has less than you and 50% has more than you.As of 2024, the median net worth in America is $124,041, according to UBS. That’s an astonishing five times lower than the average net worth of $620,654.Zooming out, UBS found that America’s median wealth level made it the fifteenth wealthiest country in 2025 — lagging behind Australia, Canada, New Zealand and Italy. However, when looking at average wealth, the U.S. was the second-wealthiest country in the world.This immense gap between average and median wealth is a reflection of America’s exceptionally high wealth inequality.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,999.50 -5.50 (-0.08%)Dow Futures49,665.00 -61.00 (-0.12%)Nasdaq Futures25,902.50 -35.75 (-0.14%)Russell 2000 Futures2,636.80 -0.10 (-0.00%)VIX14.49 -0.41 (-2.75%)Gold4,549.30 +48.40 (+1.08%)Trending tickersBTC-USD Bitcoin USD 90,708.07 +367.73 (+0.41%)ETH-USD Ethereum USD 3,107.82 +26.84 (+0.87%)XRP-USD XRP USD 2.07 -0.02 (-0.88%)^IXIC NASDAQ Composite 23,671.35 +275.54 (+1.18%)UP Wheels Up Experience Inc. 0.6760 -0.0100 (-1.46%)PortfolioSign in to access your portfolioSign inTop gainersNBY NovaBay Pharmaceuticals, Inc. 19.16 +12.41 (+183.85%)CGON CG Oncology, Inc. 54.20 +12.27 (+29.26%)BE Bloom Energy Corporation 134.07 +30.20 (+29.07%)KRMN Karman Holdings Inc. 106.22 +22.23 (+26.47%)WRBY Warby Parker Inc. 28.30 +5.05 (+21.72%)Top losersAYI Acuity Inc. 325.55 -51.14 (-13.58%)SGHC Super Group (SGHC) Limited 10.50 -1.41 (-11.84%)HPP Hudson Pacific Properties, Inc. 9.72 -1.26 (-11.48%)CVI CVR Energy, Inc. 22.97 -2.82 (-10.93%)MOD Modine Manufacturing Company 125.14 -15.30 (-10.89%)Most activeINTC Intel Corporation 45.55 +4.44 (+10.80%)OPEN Opendoor Technologies Inc. 7.28 +0.83 (+12.88%)NVDA NVIDIA Corporation 184.83 -0.21 (-0.11%)ONDS Ondas Holdings Inc. 13.69 -0.32 (-2.28%)PLUG Plug Power Inc. 2.1900 -0.1300 (-5.60%)Top economic eventsEarnings eventsMy earnings eventsEarnings events