Is 120k A Good Salary In Us

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Is 120k A Good Salary In Us What was the top 1 individual income in 2023 The United States threshold for a top 1 individual earner was 407 500 00 in 2023 In 2023 what was the threshold for the top 10 individual income in the United States The top 10 of individual earnings started at 135 605 in the United States in 2023

The national average salary hovers around 74 378 while most salaries exist between 44 500 and 97 000 The District of Columbia Massachusetts Connecticut and New Jersey boast the highest average salaries with the District of Columbia topping the list at 88 702 Pew defines middle class as a person earning between two thirds and twice the median American household income which in 2019 was 68 703 according to the United States Census Bureau That

Is 120k A Good Salary In Us

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Is 120k A Good Salary In Us
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A yearly salary of 120 000 is considered a good income in most parts of the United States It is above the middle income level and provides a comfortable lifestyle However it may not be enough in high cost areas such as New York or San Francisco Anything under 52 000 a year can be considered low income in the United States as a whole Thanks to a combination of federal state and local taxes along with a sky high cost of living a 100 000 salary in New York City is worth more like 35 791 SmartAsset found How to make

If your goal is to have a career where you have the potential to earn over 120 000 per year there are actually many different career paths up for consideration Reviewing the following list of 26 jobs that have a 120K annual earning potential can help you focus on a path that is best suited to your interests Looking at the numbers 120 000 is a big number so it helps to break it down to see the financial reality you would be living with An annual salary of 120 000 breaks down to 10 000 a month However this is the gross income with a salary of 120 000

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What Is the Average 120K Salary by State 59 07 122 761 120 894 120 447 Top 50 Highest Paying States for 120K Jobs in the U S We ve identified seven states where the typical salary for a 120K job is above the national average Topping the list is New Jersey with Tennessee and Hawaii close behind in second and third This figure indicates that earning 120 000 would place an individual or household above the national median income suggesting that it could be considered a good salary on a national scale However it is important to note that national averages do not account for regional disparities in living costs For instance 120k might be a comfortable

Earning 120k per year is generally considered a good salary in the United States However how good it seems may depend primarily on your location and cost of living For instance the dollar will stretch much further in a state like Mississippi than in California Using NAR s 25 percent metric at the current mortgage rate 6 66 percent in late March buyers earning 125 000 a year can purchase a home up to 510 000 if they put 20 percent down

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Is 120k A Good Salary In Us - The living wage for a single person with no children will vary depending on where you live For example in Arkansas it s 15 25 per hour which equates to 31 720 per year In New York however the living wage for a single person is 21 46 an hour or 44 636 80 You can see the full breakdown by state below State