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Old 06-23-2013, 12:56 PM
 
2,538 posts, read 1,971,705 times
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Quote:
Originally Posted by detshen View Post
I can understand that might be what people want and consider good, but it's not very realistic. I also did HR temp work for awhile so I worked for a number of companies, and know what real salaries look like. I've never seen 75-100K for an entry level job, and 35-55K is not what low skilled jobs pay. Many people with college degrees and years of experience are earning in the 40s, plenty are in the 30s, although usually high 30s for degreed professionals.
It all depends on the location and field. I live in a relatively low cost of living area but in the tech industry. Starting jobs for engineers can easily be in the $50-70k range, depending on where the candidate went to school. Senior developers or architects can make in the $125k-150k range. Project Managers can also easily make $100k. In our Boston or California offices those numbers would be about 25-30% higher.
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Old 06-23-2013, 01:01 PM
 
Location: Arizona
3,391 posts, read 2,724,990 times
Reputation: 1940
Quote:
Originally Posted by Guidance100 View Post
What do you consider a good/bad Personal income and a good/bad Household Income?
Please also state your Metropolitan area.

PERSONAL INCOMES
Very Low Salary: Under 25k (most service and unskilled jobs)
Low Salary: $25k-35k (most entry level college grad jobs & experienced unskilled jobs)
Decent Salary: $35k-49k (most non-mgmt office workers and most skilled trade workers)
Good Salary: $50K-79K (most middle management jobs)
Great Salary: 80k-99k (most higher management and professional jobs)
Amazing Salary: 100k and higher (most directors/executives, doctorates and successful entrepreneurs)

HOUSEHOLD INCOMES (not including childless ppl who live alone)
Very Low HHI: Under $50k (poor households)
Low HHI: $50k-74k (working class households)
Decent HHI: $75k-89k (lower middle class households)
Good HHI: $90k-129k (solidly middle class households)
Great HHI: $130k-199k (upper middle class households)
Amazing HHI: 200k and higher (wealthy households)

Metropolitan Area: NYC area/suburbs (yeah, I know in many parts of the country, things are completely different, lol)
I would agree with this. I can live off of a good or lower salary, just be conscious of spending.
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Old 06-23-2013, 02:24 PM
 
1,050 posts, read 687,582 times
Reputation: 945
Quote:
Originally Posted by automobilist View Post
PERSONAL INCOMES
Very Low Salary: Under 35k unskilled jobs, retail, food service
Low Salary: $35-55k low skilled jobs that are less pleasant (semi-skilled labor, car sales)
Decent Salary: $75-100k entry-level white collar, average trades, teachers, police patrolman, etc.
Good Salary: $100-250K average engineer, fire fighter, mediocre attorney, average dentist
Great Salary: 250-750k management and quasi-professional jobs, technical workers, average physician
Amazing Salary: 750k and higher upper-management (C-level), professional jobs such as specialty MD

SoCal
This is not accurate at all. I live in SOCAL and most people do not clear anywhere close to those numbers.

Either you work in Investment Banking and your reality is skewed or you're just throwing numbers out there.
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Old 06-23-2013, 03:22 PM
 
172 posts, read 233,200 times
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HOUSEHOLD INCOMES (not including childless ppl who live alone)
Very Low HHI: Under $20k (poor households)
Low HHI: $21k-30k (working class households)
Decent HHI: $31k-50k (lower middle class households)
Good HHI: $51k-70k (solidly middle class households)
Great HHI: $71k-100k (upper middle class households)
Amazing HHI: 100k and higher (wealthy households)

South California.
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Old 06-23-2013, 03:28 PM
 
5,484 posts, read 4,004,258 times
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Quote:
Originally Posted by Velvet Jones View Post
It all depends on the location and field. I live in a relatively low cost of living area but in the tech industry. Starting jobs for engineers can easily be in the $50-70k range, depending on where the candidate went to school. Senior developers or architects can make in the $125k-150k range. Project Managers can also easily make $100k. In our Boston or California offices those numbers would be about 25-30% higher.
That is an unusual field, in most fields those numbers would be much lower, we had that exact title, of Project managers, they earned around 50-70K max, and all the other jobs except the top few executives earned much less than that. People in high paying fields often assume others make as much, but we know 75% of Americans earn less than 50K, so clearly most are living on less than the salaries many consider "decent."
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Old 06-23-2013, 03:34 PM
 
5,484 posts, read 4,004,258 times
Reputation: 5353
Quote:
Originally Posted by mash123 View Post
HOUSEHOLD INCOMES (not including childless ppl who live alone)
Very Low HHI: Under $20k (poor households)
Low HHI: $21k-30k (working class households)
Decent HHI: $31k-50k (lower middle class households)
Good HHI: $51k-70k (solidly middle class households)
Great HHI: $71k-100k (upper middle class households)
Amazing HHI: 100k and higher (wealthy households)

South California.
As someone who did payroll for a number of years those numbers are more realistic. Yes, a few people in different fields earn more, but I think it's important that we have an idea of what the average American is earning when we are making political and policy decisions. Our economy is getting more and more top heavy with fewer people reaching these salaries that many seem to think are in their near future, some will get there, the vast majority won't.
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Old 06-23-2013, 03:44 PM
 
9,856 posts, read 7,905,727 times
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For my field specifically:

PERSONAL INCOMES
Very Low Salary: Under 25k
Low Salary: $25-50k
Decent Salary: $50-100k
Good Salary: $100-250K
Great Salary: 250-500k
Amazing Salary: 500k and higher
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Old 06-23-2013, 03:55 PM
 
Location: Sacramento
8,311 posts, read 5,421,118 times
Reputation: 6226
Quote:
Originally Posted by hnsq View Post
For my field specifically:

PERSONAL INCOMES
Very Low Salary: Under 25k
Low Salary: $25-50k
Decent Salary: $50-100k
Good Salary: $100-250K
Great Salary: 250-500k
Amazing Salary: 500k and higher
Your field has that much of a spread?

Mine's more like:

Very low (and or very part-time/semi-retired) : <50k
Low: $50-60k
Decent: $60-80k
Good: $80-120k
Great: $120-200k
Amazing: $200k+
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Old 06-23-2013, 04:40 PM
 
9,856 posts, read 7,905,727 times
Reputation: 5319
Quote:
Originally Posted by Malloric View Post
Your field has that much of a spread?

Mine's more like:

Very low (and or very part-time/semi-retired) : <50k
Low: $50-60k
Decent: $60-80k
Good: $80-120k
Great: $120-200k
Amazing: $200k+
yes...I work in money management, so most people's salaries close to 100% commission. Some people struggle and cannot ever make more than 30-40 grand per year, but other people can knock it out of the park and make millions. Many people at smaller shops are content with lower salaries and stick it out for $40k, whereas others go after more.

I have seen people at major wall street shops start for $20k plus commission with the $20k base going away after two years. If you can't build a client list quickly, you won't make much money.
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Old 06-23-2013, 04:52 PM
 
Location: PHL
277 posts, read 239,327 times
Reputation: 205
Quote:
Originally Posted by ForkInTheRoad View Post
Poor: $0 to $4,500
I generally have had this income. Juggling bills, borrowing, working off jobs to pay what I can't get put on hold... It's manageable. I've learned to budget well this way. If I didn't have couches to sleep on I'd be very screwed in this situation.

Livable: $4,500 to $10,000
Juggling bills and calling debtors but this is usually easier to manage. I can do things like eat two square meals a day on income like this. Might not be healthy or perfect, but I can enjoy the small things in life.

Fair: $10,000 to $20,000
I can start paying more than the minimum on bills and manage to go out to eat or hang out with friends and start saving for my own apartment.

Good: $20,000 to $30,000
I'd have no issues paying for an apartment and paying bills while leading a "normal life." This inclme would be where I invest in a 401k, health insurance, etc. A job like this I would classify as a career success.

Great: $30,000 to $50,000
I wouldn't regret college if I got this. I'd invest for my future and help fund my family's needs.

Amazing: $50,000 to $99,999
Maybe I could buy a house, or a car.

Unimaginable: $100,000+
I'd pay off all my debt, get myself situated, then dump the rest into everybody who helped me get there.
That's pretty much how I feel!
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