What was the average yearly income in 1850?

Answer 1

In 1850, the average yearly income in the United States varied significantly depending on occupation and region, but it was generally estimated to be around $200 to $300 for laborers. Skilled workers and professionals could earn more, often between $500 and $1,000 annually. However, it's important to note that these figures don't account for the vast economic disparities of the time, including the wealth of landowners and industrialists. Overall, the average income reflected a largely agrarian economy with limited industrialization.