
06-14-2013, 10:50 AM
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199 posts, read 1,019,854 times
Reputation: 269
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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)
Last edited by Guidance100; 06-14-2013 at 11:32 AM..
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06-14-2013, 11:02 AM
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Location: Up North
3,429 posts, read 8,034,521 times
Reputation: 3104
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Boston area and suburbs:
I'm single so I can only do single person amounts
Low Salary: Below 50,000
Good Salary: 75,000-100,000
Great Salary: 200,000
For a recent grad like myself, "good" is anything over 40,000 and low is under $25,000
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06-14-2013, 11:49 AM
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542 posts, read 1,502,718 times
Reputation: 912
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Personal Incomes
NYC:
Low Salary: $50K - $100K
Good Salary: $100K - $200K
Great Salary: $200K+
You can't rent a 1br apartment in Manhattan for less than $2K per month in most areas.
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06-14-2013, 12:10 PM
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Location: Dallas, TX and wherever planes fly
1,817 posts, read 2,686,265 times
Reputation: 1890
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Does not debt to income ratio really affect all of these factors I mean you can bring home North of 100,000 grand but if you have lot of bills, college loans, mortgages etc. siphoning money away it suddenly goes a lot less further than it would otherwise.
Raleigh- NC
Very Low Salary: Under 22k (most service and unskilled jobs)
Low Salary: $25k-33k (most entry level college grad jobs & experienced unskilled jobs)
Decent Salary: $33k-47k (most non-mgmt office workers and most skilled trade workers)
Good Salary: $47K-75K (most middle management jobs)
Great Salary: 75k-99k (most higher management and professional jobs)
Amazing Salary: 100k and higher (most directors/executives, doctorates and successful entrepreneurs)
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06-14-2013, 01:15 PM
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12,907 posts, read 11,688,717 times
Reputation: 18318
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Quote:
Originally Posted by Guidance100
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)
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Pretty much this for me in the NYC area, too. NJ is the wealthiest state besides Maryland which is probably why I have such high standards, I guess. The median household income for NJ is just under 70k, at $69,400.
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06-14-2013, 02:33 PM
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Location: Jersey City
6,671 posts, read 17,123,822 times
Reputation: 6001
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The OP seemed pretty low to me for the NYC area. The descriptions in parentheses will vary by industry. For example, a "middle management" person in professional services will likely earn around $100K, while a similar job description in finance might earn double that. Based on what I know about the area of professional services I work in, here are the probable ranges IMO:
PERSONAL INCOMES
Very Low Salary: Under 40k (most service and unskilled jobs)
Low Salary: $40k-55k (most entry level college grad jobs & experienced unskilled jobs)
Decent Salary: $55k-80k (most non-mgmt office workers and most skilled trade workers)
Good Salary: $80K-125K (most middle management jobs)
Great Salary: 125k-200k (most higher management and professional jobs)
Amazing Salary: 200k and higher (most directors/executives and successful entrepreneurs) I took "doctorates" out. I know plenty of PhDs earning only $80K
Metropolitan Area: NYC
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06-14-2013, 02:57 PM
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Location: Vallejo
16,231 posts, read 18,174,754 times
Reputation: 14483
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PERSONAL INCOMES
Very Low Salary: Under 25k unskilled, easy jobs
Low Salary: $25k-30k low skilled jobs that are less pleasant (labor)
Decent Salary: $35k-50k entry-level white collar, lower-skilled trades
Good Salary: $50K-80K skilled trades, middle-management in a Dilbert Office, technical workers on the lower end
Great Salary: 80k-120k (management and quasi-professional jobs, technical workers, a very few trades)
Amazing Salary: 120k and higher upper-management, professional jobs, high-skilled technical workes )
HOUSEHOLD INCOMES (not including childless ppl who live alone)
Very Low HHI: Under $25k (poor households)
Low HHI: $25k-35k (working poor households)
Decent HHI: $40-60k (working class)
Good HHI: $50-80k (lower middle-class)
Good(er) HHI: $80-150k (middle class households)
Great HHI: $150k-200k and higher (upper middle-class)
Amazing HHI: 200k and higher wealthy
Sacramento area.
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06-14-2013, 03:15 PM
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12,907 posts, read 11,688,717 times
Reputation: 18318
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Quote:
Originally Posted by lammius
The OP seemed pretty low to me for the NYC area. The descriptions in parentheses will vary by industry. For example, a "middle management" person in professional services will likely earn around $100K, while a similar job description in finance might earn double that. Based on what I know about the area of professional services I work in, here are the probable ranges IMO:
PERSONAL INCOMES
Very Low Salary: Under 40k (most service and unskilled jobs)
Low Salary: $40k-55k (most entry level college grad jobs & experienced unskilled jobs)
Decent Salary: $55k-80k (most non-mgmt office workers and most skilled trade workers)
Good Salary: $80K-125K (most middle management jobs)
Great Salary: 125k-200k (most higher management and professional jobs)
Amazing Salary: 200k and higher (most directors/executives and successful entrepreneurs) I took "doctorates" out. I know plenty of PhDs earning only $80K
Metropolitan Area: NYC
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Actually, to be honest, you're right. This is a better representation.
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06-14-2013, 05:26 PM
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9,128 posts, read 13,082,293 times
Reputation: 10603
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I live in the NYC area and have lived in all high cost areas of CA too.
I know mostly people in their mid 30s, and the only people I know making over six figures are people who work in finance at big firms, high healthcare professionals (doctors, dentist, pharms, etc), corporate lawyers, and a few people who were able to make it to upper management at their respective jobs.
A few of the IT people or lucky accountants are close or supass it barely.
And around 95%+ of my friends have bachelors and most have higher.
So, 80-90K is very good for me. Around 80% of my friends make that or less, so you must consider that much more people are making less than that overall.
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06-14-2013, 05:31 PM
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9,128 posts, read 13,082,293 times
Reputation: 10603
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Quote:
Originally Posted by Malloric
PERSONAL INCOMES
Very Low Salary: Under 25k unskilled, easy jobs
Low Salary: $25k-30k low skilled jobs that are less pleasant (labor)
Decent Salary: $35k-50k entry-level white collar, lower-skilled trades
Good Salary: $50K-80K skilled trades, middle-management in a Dilbert Office, technical workers on the lower end
Great Salary: 80k-120k (management and quasi-professional jobs, technical workers, a very few trades)
Amazing Salary: 120k and higher upper-management, professional jobs, high-skilled technical workes )
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This would be my opinion too. For NY/NJ area.
BTW, what does middle management mean?
Lol.
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