Quick Answer: What Is The Average Salary In The US 2018?

What is considered a good salary in the US?

The median necessary living wage across the entire US is $67,690.

The state with the lowest annual living wage is Mississippi, with $58,321.

The state with the highest living wage is Hawaii, with $136,437..

What state has highest salary?

Utah1 for the state where workers get the highest yearly salaries. “Utah currently is a place of growth and change….Utah. Median annual income: $65,327.Virginia. Median annual income: $64,725. … Minnesota. Median annual income: $63,407. … Wyoming. … Colorado. … Illinois. … New Jersey. … Texas. … More items…•

Can you live off 30 000 a year?

The maximum percentage you should spend on housing is 25% to 30% of your income. … This means to live on $30,000 a year you would spend no more than $625 to $750 a month for housing. Transportation. You should spend about 18% of your income on transportation whether you drive, take the bus, train or a cab.

Can you live in LA on 60000 a year?

Single male living in LA. … I got a little lucky and I have years under me with dealing with LA/LB area but at $60,000 that is very doable if you keep your expenses down and find a place that doesn’t cost $2100+ a month. Depends on where you live. LA is a very spread out city with hundreds of unique neighborhoods.

Is making 50k a year good?

As you can see, a salary of $50k is considered good money. However, there is ample room for improvement if you want to improve your situation. The average household income is approximately $63k. Therefore, a salary of $50k is considered below average.

Is 43000 a year a good salary?

$40k is a good salary for a single individual. Consider if you and a partner were living together and both making that salary, you’d be making 36% more than the U.S. average household income.

Can you live on 70k a year?

If you are single, you can afford quite a bit. If you have a family, not a whole lot but you can get by. It really is dependent on the three biggest costs: housing, car, and food. For housing, someone making $70,000 could afford to spend up to $2,000 a month on housing.

How much is $50 000 a year hourly?

For example, if you make $50,000 per year, work 40 hours per week and take two weeks of paid vacation, your hourly wage is $25 ($50,000 divided by 2,000 working hours).

What is $30 an hour annually?

$59,280If you make $30 per hour, your Yearly salary would be $59,280. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 38 hours a week.

Can you live comfortably on $60 000 a year?

A family earning $60,000 should be able to comfortably afford housing costs in cities where the median household income ranges from $55,000 to $65,000. Median housing costs make up less than 24% of a $60,000 income, on average, across all 109 cities in our study.

What is the average salary in the US 2019?

The median wage in 2019 is $19.33 per hour, which translates into about $40,000 per year for a full-time, full-year worker.

What is a good salary in US 2019?

Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

Is 60k a good salary 2019?

Median individual income is around $40K so for many of the workers in the US $60K is higher than they will ever make. … $60K is a successful middle-class level of income. You can have a nice comfortable life with that level of income even with only one person in the family working.

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

Is $55000 a year a good salary?

The average American family earns about $55,000 per year, according to Census Bureau estimates. Of course, that’s probably not enough to get by on in America’s most expensive cities, but there are plenty of places where the average American family’s income is sufficient for a satisfying life.

Can I buy a house with 60000 Income?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000. You also have to be able to afford the monthly mortgage payments, however. … You can cover a $1,400 monthly PITI housing payment if your monthly income is $5,000.