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Old 10-13-2012, 10:25 PM
 
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No I don't make this much so I not bragging, but I was just wondering if this would be considered at least a decent income for only one adult in the U.S
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Old 10-13-2012, 10:40 PM
 
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Default Probably about 20% greater than US mean household income

In all but the most expensive parts of the country that is pretty solid income for a household let alone one person: Household income in the United States - Wikipedia, the free encyclopedia
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Old 10-13-2012, 11:07 PM
 
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Quote:
Originally Posted by John hagge View Post
No I don't make this much so I not bragging, but I was just wondering if this would be considered at least a decent income for only one adult in the U.S
Depends.

How old are you and making that? 28 or 56?

Is it the peak for your position and type or near the median? You could have no college education and be making 60K in a good year selling used cars, or you could be making 60K starting as a Mechanical Engineer for an automobile company. One has a great potential to keep that income steady and rising for a career. The other does not.

So, yes, it is a good income for one person. But it's more about being able to sustain that amount and raise it as you gain more experience.
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Old 10-14-2012, 08:25 AM
 
Location: Censorshipville...
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60K a year is more than the national median average, though that doesn't take into account your lifestyle or debt to income ratio.
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Old 10-14-2012, 10:31 AM
 
Location: Richmond, VA
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Slacker. You should be shooting for much more than that-about $400,000 a year. What Is Your Annual Income After Taxes?


(/sarcasm off-$60K is pretty decent for a single guy in most parts of the country; it's also enough to raise a family in most parts of the country, but you won't be living large)
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Old 10-14-2012, 07:18 PM
 
Location: Here.
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Yes.
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Old 10-14-2012, 07:22 PM
 
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$60k/yr is workable, if the cost of living is low and you have no student loans. You also have to consider retirement contributions. If you sock away 6% for a 401k and another $5k for an IRA, it will be more like $51k/yr.
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Old 10-15-2012, 08:15 AM
 
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For one person, not supporting anyone else, that's good for just about any part of the country. Obviously how good it is depends on the cost of living in your town. Once you throw in supporting a family, it may become dicey, again depending on where you live.
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Old 10-15-2012, 08:45 AM
 
Location: Londonderry, NH
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Only if you avoid whiskey and women. If you don't $600,000 is not enough.
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Old 10-15-2012, 10:53 AM
 
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If you have low to no debt and no kids, I think you can live well on that.
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