![]() What is a living wage for a single person? Source: US Census Bureau, Current Population Survey, 1985 to 2022 Annual Social and Economic Supplements (CPS ASEC). $42,000 a Year is How Much an Hour? (Can You Live Off It?).If your earnings are higher than the median income where you are, then you’re probably on a decent income for a single person in your part of the country. This suggests that the easiest way to figure out if you’re on a good annual salary for a single person is to check the median income of your state – as listed below. On the other hand, earning that same amount won’t hit the target for what is a good salary for a single person in California, as you’re going to struggle. This means that if you live in Alabama and earn the national median household income of $70,784, you’re going to be doing really well and will more than meet the criteria of it being a good income for a single person. For example, the US Census Bureau reports that the median income in Alabama is $56,929 whereas in California it’s $81,575. What’s a good salary for a single person in one state is definitely going to be different in another state. What’s a good salary for a single person in my state? The median income of these is $41,797, with the following gender split:Īn argument can definitely be made that a single person earning over the median income for their circumstances is on a good salary, especially for women when you take into consideration the stark difference between male and female median income levels.īut as an overall benchmark (and noting that we’re looking for good here, not just above average), the median household income of $70,784 is certainly something to strive for as a good salary for a single person. “Nonfamily households” consist of people who live alone or who share their residence with unrelated individuals. Male householder with no spouse present: $70,525.Female householder with no spouse present: $51,168.A further breakdown of this figure consists of the following though: This is especially the case when you consider the current median income levels for single households in the US.įor “family households”, which the US Census Bureau defines as having two or more individuals who are related by birth, marriage, or adoption, although they also may include other unrelated people, the median income is $91,162. Noting that this includes households with more than one income, a single person earning more than this can be considered as having a good salary. ![]() While what is a good salary for a single person will depend largely on where you live, the US Census Bureau reports that the median household income is $70,784. What is a good salary for a single person ? Final thoughts on what’s a good salary for a single person to live comfortably.What is a good salary increase per year?.So how much money does a single person need to live comfortably?.What’s the average retirement income for a single person?.What’s the average salary for a single person?.What is a living wage for a single person?.What’s a good salary for a single person in my state?.What is a good salary for a single person?.You can choose another state for federal and state tax calculation here. While this calculator can be used for Georgia tax calculations, by using the drop-down menu provided you are able to change it to a different State. Our Georgia State Tax Calculator will display a detailed graphical breakdown of the percentage, and amounts, which will be taken from your $60,000.00 and go towards tax. The taxes that are taken into account in the calculation consist of your Federal Tax, Georgia State Tax, Social Security, and Medicare costs that you will be paying when earning $60,000.00. However, an annual, monthly, weekly, and daily breakdown of your tax amounts will be provided in the written breakdown. If you earn $60,000.00 (or earn close to it) and live in Georgia, then this will give you a rough idea of how much you will be paying in taxes on an annual basis. ![]() This is due to how state taxes and regulations vary depending on where you live.įor the calculation, we will be basing all of our steps on the idea that the individual filing their taxes has a salary of $60,000.00. While the United States has its own set of "general tax rules" that all states must follow, the tax rates that each state have in place differ.
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