What is considered a high salary for a single person in the US?

[Anonymous]

[MementoMori777]

Depends where you live, where I live you can't survive off 18 dollars an hour because houses and apartments cost no less than 100k and that's not counting expenses like car and electricity and food and other resources, the prices now for anything are crazy high and it's basically impossible to live off of any salary below high class, my fam and I might move and it's about time i let miami go

[MementoMori777]

Florida for that matter

[Subarugirl]

Where does “rich” begin? Let’s consider federal income tax brackets. In 2019, the highest tax bracket, at 37 percent, starts at $510,300 for single people and $612,350 for married couples filing jointly. While these folks aren’t in the billionaire class, they could hold assets of at least several million dollars and are rich by almost anyone’s standard. Overall, about 20 percent of the population earns what is considered an upper-class income in the U. S.

[jjj101010]

Those tax brackets seem very fair and reasonable. What is the lower rates

[Subarugirl]

Lower-Class Income
Approximately 29 percent of Americans fall into the lower class based on income. Many of these people are best described not only as working class but as lower-middle class. While these people might struggle, they are not considered poor. Federal poverty guidelines for 2019 in the 48 contiguous states and Washington, D. C., consider a person earning less than $12,490 annually as impoverished. For two people or a couple, the amount is $16,910, and for a family of four, it is $25,750. For Alaska residents, a person earning less than $15,600 is considered impoverished, as is a couple earning less than $21,130. For a family of four, the amount is $32,190. In Hawaii, the numbers are $14,380 for one person, $19,460 for a couple and $29,620 for a family of four.

Middle-Class Income
The 2017 American Community Survey, issued by the U. S. Census Bureau, put the median national household income level at $60,336, the highest level recorded. However, the middle class is contracting, not expanding. Pew Research Center defines middle class as those earning between 67 percent and 200 percent of the median income, which works out to income between $39,560 and $118,080. While the middle class is by far the largest, it makes up approximately half of all Americans, at 51 percent. Much depends on the state you live in to determine the state of your class ranking. In Mississippi, an individual earning $41,754 is definitely middle class, but earn that same amount in New York and you’re a working-class person. State taxes can make a difference in exactly where people find themselves on the income class ladder.

[jjj101010]

Sorry I meant what are the tax brackets.

[Subarugirl]

@jjj101010
www.bing.com/search

[jjj101010]

Ah not too bad at all. Ours are higher

Band Taxable income Tax rate
Personal Allowance Up to £12,570 0%
Basic rate £12,571 to £50,270 20%
Higher rate £50,271 to £150,000 40%
Additional rate over £150,000 45%

[ArrowheadSW]

I would say for a single person, a high salary would be $130,000 per year and higher.

[Asker]

I make $150K base but with everything included this year it’ll top about $200K.

[ArrowheadSW]

That is pretty good pay for sure. What kind of work do you do to make that much?

[Asker]

Software dev. Thanks 😊

[ArrowheadSW]

There must be big bucks in that racket! LOL... 😎

[Unit1]

What am i doing wrong? I work 7 years in IT in both software development and testing and i make 50K.

[Asker]

@Unit1 I feel behind in life and I’m making 150k+ Then again I’m crazy. Lol.

[Unit1]

Care to tell? I was after making big money too and willing to pay those high prices.

[TheSpaceGnome]

@Asker Any chance you're willing to teach your trade?

[Friendlybro79]

It depends on where you live. When within one state there can be drastically different costs of living. For ex 100k (gross pay) where I live is not enough to own a 1500 sq ft home. In another area that might be considered wealthy.

[savagewolf22]

I'm trader n I make $350k dollars easily I consider myself average. Because I have high lifestyle expenses.

[PainusNdeeAnus]

In the ballpark of 70k and up that’s really high for a single person no matter where you live

[Bklynbadboy12]

Depends on the state bur here in New York city it's 500,000

[Mangospacho]

Over $300K Very rich

Over $150K Rich

Over $100K Upper Middle Class

[Anonymous]

100K annually. Considering the endless inflation and rising prices on everything.

[Fireguy17]

mid to upper 6 six figures.

[Kelly6]

Tax won’t let you get rich

[In_Trance]

That depends entirely on the job that you do

[MendaciousMarxist]

most people are poor

[BLP11520]

Depends where you live 70,000 on up?

[LazerBean]

It depends on the state.

[MendaciousMarxist]

400k

[jayhams]

250k

[Fuentes]

100k and up