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The use of median rather than average is important, as it shows the true midpoint. 1/2 of all workers in WA make less than $56k, 1/2 make more. Up thread several people in the WA area talk about $55-60 being on the low end of good, or 60-70 being "decent". The sad fact is that over half off all workers in WA do not make good or decent wages according to these posters, yet Washington is the 13th highest paid state.
No the income ranges listed for the social classes are household incomes for families of 4. The reason the jobs were included is not because the jobs themselves pay that, but if two parents had the jobs listed in a certain class they would be that class. For example, if a father was a retail sales clerk and the mother a freelance journalist, the family would most likely be upper-lower class.
Personal income or houshold income all depends on your own comfort level, and what an individual could reasonably live on. Also, location is a factor, salaries differ in certain areas, as well as cost of living expenses. Everyone is different and in all different situations. It all comes down to the type of individual and what they can handle.
I make a good income in my current single/childless status. But if I had a family, my household income would need to be 2.5 more (combined), in order to afford the sort of school district I expect. And we'd have to sacrifice by having a longer commute. In reality, I'd need a household income of 3-3.5X more to live "comfortably."
This is confirmed information by survey researchers and others for families of four (nuclear families) living in the following cities.
Toronto:
Under 25K= Poor Households
25K-63K= Lower/Working Class Households
63K-73K= Lower Middle Class Households
73K-140K= Middle Class Households
140K-200K= Upper Middle Class Households
200K-300K= Affluent/Upper Class Households
Above 300K= Wealthy Households
New Orleans:
Under 15K= Poor Households
15K-53K= Lower/Working Class Households
53K-63K= Lower Middle Class Households
63K-120K= Middle Class Households
120K-180K= Upper Middle Class Households
180K-250K= Affluent/Upper Class Households
Above 250K= Wealthy Households
In New Orleans with a nuclear family you can get assistance if you make under $53K combined HHI. In Toronto I believe it is around $63K, as confirmed by six sources. You can ask for them too, if you'd like.
what about illinois area?
what would be a good intro salary (job right after colledge)?
how many years of experience does it take to significantly affect your salary?
if you make 75-80K what should be your budget for buying a house? a car?
How much money would you save up in a year taking into consideration bills, clothing etc?(excluding emergency bills like a car crash or medical bills)
if you already have 60K what should you spend it on? college tuition? car? house? save for emergency?
Am i asking too many questions? lol
Considering I'm single, I rent, and I don't have kids, for me:
A great salary would be $50,000 per year
A good salary would be $40,000 per year
A decent salary would be $30,000 per year
A low salary would be $25,000 per year
Most of the U.S.A. for the income of just a single person:
Very Low Salary: Under $15k (most menial manual labor and undesirable jobs)
Low Salary: $15k-$25k (service sector, low rung clerical and some blue collar)
Managable Salary: $25k-$35k (entry-level college, clerical, and blue collar) Decent Salary: $35k-$45k (skilled trades and crafts, low-level professionals such as teachers and social workers, low-level management, small business owners) Good Salary: $45k-$65k(Middle management, skilled white collar professionals, small-to-medium sized business owners)[/i]
Great Salary: $65k-$95k (High-salaried, powerful white collar professionals, well-sized business owners)
Amazing Salary: Above $95k (CEO's, coal miners, very large business owners)
Combined HHI's for Families of Four in the U.S.A:
Very Low HHI: Under $24k (Poor Households)
Low HHI: $25k-$34k (Working Poor Households)
Managable HHI: $35k-$50k (Working Class Households)
Decent HHI: $51k-$74k (Lower Middle Class Households)
Good HHI: $75k-$100k (Solidly Middle Class Households)
Great HHI: $101k-$300k (Upper Middle Class Households)
Amazing HHI: Over $300k (Wealthy Households)
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Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
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