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Old 06-14-2013, 10:50 AM
 
199 posts, read 989,829 times
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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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Old 06-14-2013, 11:02 AM
 
Location: Up North
3,407 posts, read 7,737,970 times
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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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Old 06-14-2013, 11:49 AM
 
542 posts, read 1,442,105 times
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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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Old 06-14-2013, 12:10 PM
 
Location: Dallas, TX and wherever planes fly
1,636 posts, read 2,490,362 times
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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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Old 06-14-2013, 01:15 PM
 
12,870 posts, read 10,956,885 times
Reputation: 18091
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)
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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Old 06-14-2013, 02:33 PM
 
Location: Jersey City
6,560 posts, read 16,496,931 times
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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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Old 06-14-2013, 02:57 PM
 
Location: Vallejo
14,715 posts, read 16,718,307 times
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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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Old 06-14-2013, 03:15 PM
 
12,870 posts, read 10,956,885 times
Reputation: 18091
Quote:
Originally Posted by lammius View Post
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
Actually, to be honest, you're right. This is a better representation.
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Old 06-14-2013, 05:26 PM
 
7,991 posts, read 12,059,111 times
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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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Old 06-14-2013, 05:31 PM
 
7,991 posts, read 12,059,111 times
Reputation: 9044
Quote:
Originally Posted by Malloric View Post
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 )
This would be my opinion too. For NY/NJ area.

BTW, what does middle management mean?

Lol.
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