What is a good salary per year?
In this article, you’ll learn about:
… and much more.
Let’s dig in.
In the US, a good salary is $78,700 before taxes.
The average monthly expenses per household are $5,111 per month or $61,332 per year.
To cover the average expenses, a good salary is going to be $78,700 per year.
Earning $78,700 places you in the 22% tax bracket.
After taxes, $78,700 turns into $61,386.
A good salary in the US to break even on average expenses is $78,700 per year.
The average annual salary in the US is $58,260.
This is the average annual salary across all occupations in the US.
Let’s look at the average annual salary per category of occupation to see what a good salary is.
Really, a good salary is anything that is above average in your industry and for your job title.
A good yearly salary depends on what region of the US you live in.
The average yearly salary in the US is $58,260.
But, let’s look at the average American salary in different regions.
Making more than the average income in your region is a good yearly salary.
The South and Midwest are the cheapest cost of living areas.
Some of the lowest cost of living areas are:
The Northeast and West are the highest cost of living areas.
Some of the highest cost of living areas in the are:
The average monthly salary in the US is $4,692.
This is based on the average annual income of $58,260.
Related: How Much Does The Average American Make In A Lifetime?
A good monthly salary is $6,560.
This is taken from a good annual salary of $78,700.
A good monthly salary depends on what region of the US you live in.
The average monthly salary in the US is $4,885.
But, let’s look at the average monthly salary in different regions.
Making more than the average income in your region is a good monthly salary.
$80,000 is a high salary in the USA.
The average salary is $58,260.
Making $80,000 means you are making 37.3% more than the average salary.
But $80,000 a year still lands you in the middle-class income levels.
According to the US Bureau of Labor Statistics (BLS), these are the highest-paying jobs.
The median wage in the US pales in comparison to the highest-paying jobs.
These higher salaries are all in healthcare and require:
The average income in the US is $58,260 per year.
This means the average income per week is $1,120.
And $4,855 per month.
The average household income in the US is $70,784 (according to the Census Bureau).
The average household income is $5,898 per month.
What a good salary is to live on depends on the cost of living in your area.
For the average American, a good salary to live on is:
A good salary for a family of 4 is about $230,000.
The median annual expenses for a family of four is $90,100.
With a 22% income tax bracket, the net income for a family of 4 is $176,300.
With $90,100 in expenses, this leaves the family with $86,200.
This allows the family to do things that are important to them, like:
This may seem out of reach for you at the moment.
Let’s say you’re considering going back to school part-time for a salary increase.
This can:
A comfortable salary for a family of 4 is about $116,000.
The median annual expenses for a family of four is $90,100.
A comfortable salary for a family of 4 is $116,000 before taxes.
With a 22% income tax bracket, this income will cover the average expenses of $90,100.
Note that the average household income in America is $70,784.
Earning $116,000 is 63.9% higher than the average household income in the US.
A good annual salary for a single person is anything above $41,500.
The median annual expenses for a single person is $32,352.
With a 22% income tax bracket, the net income for a single person is $32,350.
Just being able to pay for your expenses isn’t “a good salary” for a single person.
A good salary for a single person would be $80,000 or more.
With a 22% income tax bracket, the net income for a single person is $62,400.
This would leave them with $30,050 in extra money each year.
A good annual salary for a single woman is anything above $49,400.
The median annual expenses for a single woman is $32,352.
With a 22% income tax bracket, the net income for a single woman is $32,350.
Note that women make 84% of what men earn.
A single woman needs to earn $49,400 to keep up with a man making $41,500.
Yes, $100,000 a year is a good salary for a single person.
The median annual expenses for a single person is $32,352.
With a 22% income tax bracket, this income will cover the average expenses of $78,000.
This would leave a single person with $45,650 after expenses and taxes each year.
A single person making $100,000 a year is good because it allows them to:
Let’s look at different income levels to see what a good salary is in the US.
No, $20 per hour is not good.
The average hourly wage in the US is $29.93.
If you earn $20 per hour, you are earning 67% of the average wages.
Earning $20 per hour is $40,000 per year.
The average salary in the US is $58,260.
You’re earning $18,260 less per year than the average salary.
No, $30,000 is not a good salary.
The average salary in the US is $58,260.
You are earning 51% of the average annual salary.
Which is $28,260 less per year than the average salary in the US.
At $30,000 a year, you’re most likely below the living wage in your area.
But $30,000 a year makes you a low earner if your job is full-time.
If you’re a part-time 17-year-old making $30,000 a year, this is really good.
It depends on your experience level, age, and how far out of high school you are.
$30,000 is the minimum wage in some parts of the country.
You should reach out to a recruiter to see about getting a new job.
And talk to them about what skills you can gain to get a higher-paying job offer.
No, $48,000 is not a good salary.
The average salary in the US is $58,260.
You are earning 82% of the average annual salary.
Which is $10,260 less per year than the average salary in the US.
Yes, $65,000 is a good salary.
The average salary in the US is $58,260.
You are earning 12% more than the average annual salary.
Which is $6,740 more per year than the average salary in the US.
Yes, $75,000 is a good salary.
The average salary in the US is $58,260.
You are earning 28.7% more than the average annual salary.
Which is $16,740 more per year than the average salary in the US.
Yes, $80,000 is a good salary.
The average salary in the US is $58,260.
You are earning 37.3% more than the average annual salary.
Which is $21,740 more per year than the average salary in the US.
Yes, $90,000 is a good salary.
The average salary in the US is $58,260.
You are earning 54.5% more than the average annual salary.
Which is $31,740 more per year than the average salary in the US.
Yes, $130,000 is a good salary.
The average salary in the US is $58,260.
You are earning 131% more than the average annual salary.
Which is $71,740 more per year than the average salary in the US.
Yes, $140,000 is a good salary.
The average salary in the US is $58,260.
You are earning 140% more than the average annual salary.
Which is $81,740 more per year than the average salary in the US.
A high-paying job is anything that’s more than the average income of $29.13 per hour.
This is above the average hourly wage in the US.
$80,000 a year is considered a high salary.
A good salary for a single person would be $80,000 or more.
With a 22% income tax bracket, the net income for a single person is $62,400.
You are earning 37.3% more than the average annual salary.
Which is $21,740 more per year than the average salary in the US.
The national average salary is $58,260 per individual.
This is for a full-time job.
A good starting salary is anything above $55,260.
$55,260 is the average starting salary for college graduates.
Any salary higher than that is a good starting salary.
The average paycheck in America is $1,120.
Since the average salary in America is $58,260, we divide that by 52 weeks.
Which gives us an average paycheck of $1,120.
If you are paid every two weeks, the average paycheck in America is $2,240.
Need to keep your money and property safe? We help make sure your hard-earned assets are protected. Our team knows how to create plans that guard against lawsuits and creditors. We work to keep your wealth safe for you and your family’s future.
This website is for informational purposes only. It is not legal advice. Consult an attorney if you are seeking legal advice. Check out our privacy policy.
