Is 70k A Good Salary For A Single Person Reddit Get the Reddit app Scan this QR code to download the app now is a great starting salary and a good one for individuals an extra 30 000 can make a significant difference Reply reply But let s face it and net worth of 30 billion is a fuck ton more than 20 million dollars and most people with a 70k year salary have a net worth of
70k say in NYC or LA would be poverty wages but in the upper mid west would be a very good salary but this gives a sense of how tons of single people making 70 000 per year might live in reality Rent around my area is 3000 for a one bedroom apartment 70k is poverty When it comes to defining a good salary there s no one magic number The Bureau of Labor Statistics BLS reported that the average salary in the U S is 65 470 as of May 2023 Based on this data point 70K a year is a good salary for a single person one that puts you above the national average
Is 70k A Good Salary For A Single Person Reddit
Is 70k A Good Salary For A Single Person Reddit
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The short answer Yes generally speaking a 70 000 salary is considered a good salary for a single person in the United States However like most financial questions the full answer is nuanced and depends heavily on various factors While 70 000 surpasses both individual and household median Is 70k a good salary for a single person A 70 000 Salary Is Enough for Emotional Wellbeing Research Shows Is 70K a good salary Find out how 70 000 compares to the median yearly earnings of U S workers and how cost of living
Is 70 000 a good salary for a single person On average the living expenses for a single person in the US are around 41 000 per year 3 420 per month When considering that an annual salary of 70 000 after tax will amount to around 53 56k after taxes you re likely to be very comfortable as a single person The Bureau of Labor Statistics BLS reported that the average salary in the U S is 65 470 as of May 2023 Based on this data point 70K a year is a good salary for a single person one that puts you above the national average But just how far 70 000 can carry you varies from person to person Can I afford a 400k house with a 70K salary
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70k is equal to 166 000 in New York City a moderate income for a single person 70k translates to 154 000 in Chicago enough for a decent standard of living for a couple or small family 70k equals nearly 200 000 in Memphis quite a lavish salary As you can see a 70k earner could be struggling or thriving based on location alone Just in case you need a simple salary calculator that works out to be approximately 21 50 an hour This is the equivalent of 860 week or 3 727 month Is 72k a good salary for a single person An income of 70 000 surpasses both the median incomes for individuals and for households By that standard 70 000 is a good salary
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