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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.