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Average salary vs. median: What’s the difference?

Topics: Data & Research

An average salary or arithmetic mean is figured by selecting a group of people with Similar Profiles, adding up their salaries, then dividing this number by the total number of people in the group.

Average salary =  Sum of all salaries/total # of Similar Profiles

A median is also known as the 50th percentile. Exactly 50 percent of people make less than the median and 50 percent make more.

Cheers,

Do You Know What You're Worth?

Dr. Al Lee

PayScale
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