How much money does a person working in telecommunications in Massachusetts make?
Average annual salary
93.000 USD
(7750USDmonthly)
MAP
47100
USDAVERAGE
93.000
USDHIGH
173 thousand
USD
All salary data shown here is
Per yearunless otherwise stated.
All wage and salary amounts shown here are gross amounts, that is, wages before tax deductions. Since taxes can vary by sector and location, it is difficult to accurately calculate the net after-tax salary for each career.
A person who works intelecommunicationsWMassachusettsI usually earn approx93.000 USD. Salaries range from47 100 USD(lowest average) to173.000 USD(highest average, actual maximum salary is higher).
Salary differences
The figure shown represents the median salary, which includes housing, transportation and other allowances. Salaries in the telecommunications domain in Massachusetts show significant variation across occupations. If you are looking for information about the salary for a specific position, please refer to the salary for each position below.
Remuneration for specific works
Position | Average payout |
Access the operations team manager | 106 000 USD |
Audiovisual installer | 48 100 USD |
Broadband technician | 51 600 USD |
Technical director | 147.000 USD |
Implementation support for customers | 50 100 USD |
fiber optic technician | 54 700 USD |
Mobile Data Coordinator | 53.000 USD |
TSO website maintainer | 63 600 USD |
Retention manager | 138.000 USD |
RF engineer | 87 900 USD |
Sales director | 165.000 USD |
Sales engineer | 104.000 USD |
Technical support engineer | 89 600 USD |
Head of Telecommunications Engineering | 99.000 USD |
Telecom Specialist | 106 000 USD |
Telecommunications consultant | 114.000 USD |
telecommunications transmitter | 43 300 USD |
Engineer in telecommunications equipment | 77 300 USD |
Logistics supervisor for telecommunications | 70 800 USD |
Product manager for telecommunications | 109 000 USD |
Coordinator of telecom projects | 58 900 USD |
Project manager for telecommunications | 108 000 USD |
Delivery manager for telecommunications services | 127.000 USD |
Management coordinator for telecommunications services | 107.000 USD |
Telecommunications Solutions Architect | 116 000 USD |
Telecom inspector | 46 900 USD |
Team leader for telecommunications | 99 200 USD |
Technical manager for telecommunications | 108 000 USD |
Telecommunications Technician | 46 200 USD |
Telecommunications Analyst | 113.000 USD |
Assistant to the Telecommunications Manager | 116 000 USD |
Telecommunications Engineer | 94 300 USD |
Specialist in telecommunications technology | 93 300 USD |
Installer of telecommunications equipment | 46 500 USD |
Examiner of telecommunications facilities | 56.000 USD |
Installer of telecommunications | 48 700 USD |
telecom chief | 164.000 USD |
Telecom network engineer | 94 200 USD |
Telecommunications Technician | 44 200 USD |
Telecommunications Jobs Massachusetts Salary and Pay Scale
Remuneration structure and comparison of pay scales
5 %people serve
$98,300 or more
10 %people serve
$85,600 to $98,300
20 %people serve
$57,700 or less
65 %people serve
$57,700 to $85,600
47 100 USD | 86 900 USD | 173.000 USD |
Median salary, maximum and minimum salary, minimum salary, starting salary and salary range
All salary data shown here is
Per yearunless otherwise stated.
Salary range, minimum salary and starting salary
Salaries intelecommunicationsWMassachusettsranging from47 100 USD(starting average salary) to173.000 USD(maximum average salary, the actual maximum is higher). For clarification, the number shown is not a numberstatutory minimum wage. It is, however, the lowest figure recorded in a salary survey that involved thousands of participants and professionals from across the country.
Average salary
Average income in the fieldtelecommunicationsIs86 900 USD, meaning that half of the Massachusetts workforce earns less than that number, and the other half earns more. That is the central value of wages. In general, you prefer to be in the group that earns above the median wage, which is on the right side of the wage distribution chart.
Percentage rates and pay scales
The two values that are highly correlated with the median are the 25th and 75th percentiles. Looking at the salary distribution chart, 25% of Massachusetts Telecommunications workers earn less than $71,600, while 75% of them earn more. Additionally, the graph shows that 75% of people earn less than $102,000, while 25% earn more.
Pay scale structure
The data has been rearranged in parentheses to better understand what salaries can be expected. This approach has proven to be more accurate than relying solely on the average salary, as it provides greater insight into the distribution of telecommunications salaries in Massachusetts. The analysis found that approximately 65% of all reported salaries were between $57,700 and $85,600. About 20% of salaries were below the $57,700 mark, and 10% were between $85,600 and $98,300. Only 5% had a gross income of $98,300 or more.
Salary comparison according to years of experience
How does a person's salary change over time?
Experience level is the most important factor in determining salary. The more years of experience, the higher the salary, of course.
Overall, telecommunications workers in Massachusetts with two to five years of experience earn an average of 32% more than entry-level and junior workers across all industries and disciplines.
Professionals with more than five years of experience earn an average of 36% more than those with five years or less.
After 10 years, the salary increases by 21% and a further 14% for those over 15 years.
These numbers are given as guidelines only. The figures become more significant if you consider one job title at a time.
Salary change based on experience varies drastically from location to location and is also highly dependent on career field. The data shown here is the combined average of many different jobs. Select a specific job title to view exact details.
“On average, a person's salary doubles their starting salary once they exceed 10 years* of experience.”
* Based on average salary change over time. Salary differences vary from person to person.
Salary comparison by education
How does the level of education affect your salary?
Salary change after education varies drastically from place to place and is also highly dependent on career field. The data shown here is the cumulative average of several tasks. Select a specific job title to view exact details.
It's common knowledge that a higher education equals a bigger salary, but how much more money can an education add to your income?
We compared the salaries of professionals at the same level but with different degrees of higher education in a number of telecommunications positions in Massachusetts, below are our results.
Employees with a certificate or diploma earn an average of 17% more than their peers who have only reached the high school level.
Employees with a bachelor's degree earn 24% more than those with only a certificate or diploma.
Professionals with a master's degree earn 29% higher wages than those with a bachelor's degree.
Finally, people with a PhD earn an average of 23% more than people with a master's degree doing the same job.
Is a Master's or MBA degree worth it? Is it worth taking a higher education?
A master's program or any postgraduate program in the United States costs between $39,500 and $118,000 and takes about two years. It's quite an investment.
Employees cannot expect salary increases during their studies, provided they already have a job. In most cases, the salary review is carried out after completing the education and obtaining the exam.
Many people pursue higher education as a tactic to move into higher paying jobs. The numbers seem to support this tactic. The average salary increase when changing jobs is about 10% more than the usual salary increase.
The decision really depends on the situation and experience among many other factors. All variables aside, if a person can afford the cost of higher education, then the return on investment is definitely worth it. Study costs can be recovered after approximately one year.
Salary and Salary Comparison by Gender/Telecommunications/Massachusetts
Although gender should not affect pay, it actually does. So who earns more: men or women? In telecommunications in the United States, the average pay gap between male and female workers is 5%.
Mand | 85 500 USD | |
Woman | -5 % | 81 300 USD |
The percentage increase and decrease refers to the previous value
US gender salary comparison for all careers
Percentage of average annual salary increase / Telecommunications / United States
What are the annual salary increases in the United States for people who work in telecommunications? How often do employees get raises?
Professionals working in telecommunications in the United States are likely to see salary increases of about 9% every 15 months. The average annual national increase for all occupations combined is 8%, given to employees every 16 months.
The figures given here are average figures. These figures should be considered as general guidelines. Salary increases will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining the size and frequency of the increase.
USA / All competitions
DeadlineAnnual salary increaseusually refers to an increase over a period of 12 calendar months, but since it is rare for people to review their salary exactly every year, it makes more sense to know the frequency and rate at the time of the increase.
How to calculate the percentage salary increase?
The annual salary increase in a calendar year (12 months) can be easily calculated as follows: Annual salary increase = rate of increase x 12 / frequency of increase
“The average wage increase in one year (12 months) in the US is 6%.”
Annual growth per industry 2022
Banking business | 4 % | |
Energy | 8 % | |
Information technology | 3 % | |
Healthcare | 7 % | |
Trip | 2 % | |
construction | 6 % | |
Education | 1 % |
Above are the average annual growth rates for each industry in the United States for 2022. Companies in booming industries tend to give higher and more frequent raises. There are exceptions, but in general the situation of each company is closely related to the economic situation of the country or region. These numbers change frequently.
Salary increases worldwide: all countries and all jobs
Compensation packages and schemes
Not all salary increases are reflected directly in your salary. Some companies offer their employees enhanced packages instead of cash. The figures presented only include direct increases in the basic salary.
Bonus and incentive rates / Telecommunications / USA
How much and how often are bonuses awarded?
45% of Telekomunikacja employees surveyed said they had received no bonuses or incentives in the past year, and 55% said they had received at least one type of cash bonus.
Those who received bonuses reported rates of 3% to 6% of their annual salary.
Bonus received | 55 % | |
Ingen bonus | 45 % |
Considered types of bonuses
Individual performance-based bonuses
The most standard form of bonus where an employee is rewarded based on their exceptional performance.
Company performance bonuses
Sometimes some companies like to celebrate excessive earnings and profits with their employees in the form of bonuses given to everyone. The bonus amount is likely to vary from person to person depending on their role in the organization.
Goal-based bonuses
Awarded when a major goal or milestone is reached.
Christmas/closing bonuses
These types of bonuses are given for no reason and usually look like a token of recognition.
Bonuses are not commissions!
People often confuse bonuses with commissions. A commission is a predetermined rate at which someone is paid for goods sold or transactions completed, while a bonus is mostly arbitrary and unplanned.
What makes the position worthy of good bonuses and high salary?
The two main types of work | |
Revenue generators | Supporting cast |
Employees who are directly involved in generating revenue or profit for the organization. Their specialization usually corresponds to the type of business they run. | Employees who support and facilitate the work of the income creators. Their expertise usually differs from the core business activities. |
Example: | Example: |
Income generators tend to get higher bonuses, higher salaries, and more frequent raises. The reason is quite simple: it is easier to estimate your value to the company in terms of money when you help generate revenue.
“Try to work for companies where your skills can generate revenue. We can't all generate income and that's okay.”
Comparison of bonuses by level of seniority
Top managers and senior staff naturally exhibit higher rates and bonus frequencies than juniors. This is very predictable because of the inherent responsibility of being higher in the hierarchy. People at the top of the pyramid can easily get double or triple bonus rates than employees at the lower levels of the pyramid.
Salary Forecast and Trends / Telecommunications / United States
How do wages change over time? Below is a chart showing the average salary in recent years.
Average salary 2019 | 74 100 USD | |
Average salary 2020 | +4 % | 76 900 USD |
Average salary in 2021 | +3 % | 79.000 USD |
Average salary 2022 | +2 % | 80 500 USD |
The percentage increase and decrease refers to the previous value
U.S. telecommunications workers salaries to increase for 2023 based on recently uploaded salaries and reports. The trend suggests slow but steady wage growth in 2024 and beyond. These figures may vary from industry to industry.
Average Hourly Wage / Telecommunications / Massachusetts
45USDfor one hour
The average hourly pay at Massachusetts Telecommunications is $45. This is the rate they get for each hour they work.
Hourly rate = annual salary / (52 x 5 x 8)
About the hourly rate
The hourly rate is the salary paid per hours worked. Usually, jobs fall into two categories: paid jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of hours worked. Hourly work paid per hours worked. The above formula is used to convert wages to an hourly rate (assuming 5 working days per week and 8 hours per day, which is the norm for most occupations). The calculation of the hourly rate may vary slightly depending on the working hours per week and the annual holiday allowance. The figures above are good approximations and are considered standard. One of the most significant differences between salaried employees and hourly employees is the right to overtime. Salaried employees are usually exempt from overtime, unlike hourly employees.
What is the minimum hourly rate?
The minimum hourly wage for those working in telecommunications in Massachusetts is $23. This is the minimum that follows from the data collected in the wage survey, and not the minimum hourly rate that follows from the law.
Telecommunications and other industries
93.000 USD
105.000 USD
Average payout
telecommunications
Average payout
All work
Massachusetts vs. USA
93.000 USD
83 500 USD
Average payout
Massachusetts
Average payout
United States
The median wage difference between Massachusetts and the United States is 11%.
Salary comparison by city
By | Average payout |
Boston | 91 100 USD |
Comparison of salaries in the public and private sectors
Where can you earn more when you work in a private company or in the public sector? The difference between public or public sector salaries and private sector salaries in the United States averages 5% across all career fields.
private sector | 92 400 USD | |
Public sector | +5 % | 97 100 USD |
The percentage increase and decrease refers to the previous value
A guide to salary statistics and calculations
What is considered a good and competitive salary in Massachusetts Telecommunications?
A good and competitive salary ranges from $86,900 to $102,000. This is a very rough estimate. Experience and education play a very large role in the final earnings.
Gross salary (before tax) and net salary (after tax)
All wage and salary amounts shown here are gross amounts, that is, wages before tax deductions. Since taxes can vary by sector and location, it is difficult to accurately calculate the net after-tax salary for each career.
Base/basic salary
Base salaries for Massachusetts Telecommunications jobs range from $71,600 to $102,000. The basic salary depends on many factors, including experience and education. It's not easy to come up with a number with very little information, so take this range with a grain of salt.
What is the difference between median and average salary?
Both are landmarks. If your salary is above both the average and the median, then you are doing very well. If your salary is lower than both, it means that many earn more than you and there is a lot of work to be done. If your salary is between the average and the median, things can get a little complicated. We wrote a guide to explain all the different scenarios.How to compare your salary
United States»Massachusetts
All work»telecommunications
See salariesSalary increase lettersHighest paying jobs
FAQs
What is a good salary 2023? ›
If a worker works 52 weeks a year, this equates to a national annual salary of $51,168, up 5.1 per cent from the previous year. Any sum beyond that should be regarded as a good salary; however, this is not always the case.
What are the average salaries in Massachusetts? ›This is equivalent of $1,304 a week or $5,651 a month. Most salaries in Massachusetts range between $48,636 (25th percentile) to $85,558 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.
What is a decent salary in Massachusetts? ›$31,110 is the 25th percentile. Salaries below this are outliers. $87,431 is the 90th percentile.
How much does a telecommunications specialist earn in USA? ›How much does a Telecommunications Specialist make in the United States? The average Telecommunications Specialist salary in the United States is $85,513 as of May 01, 2023, but the salary range typically falls between $76,883 and $95,922.
What is middle class income 2023? ›Middle class households here earn between $84,673 and $252,754.
What salary is middle class? ›According to a Pew study released last fall, the median income of middle-class American households is $70,784, based on Census data from 2021, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)
What is middle class salary near Massachusetts? ›Boston's middle class is broadly defined as households with annual incomes between $50,000 and $125,000.
What is high class income in Massachusetts? ›Average Household Income: $123,174. Per Capita Income: $48,617. 16.3% of Households in Massachusetts are High Income Households that make over $200,000 a year.
What is middle class in Massachusetts? ›In Maryland, Massachusetts and Washington, D.C., a household would have to earn more than $60,000 to rate as middle class. Mississippi has the lowest middle-class salary threshold, $32,640, followed by West Virginia ($34,336), Louisiana ($34,898) and Arkansas ($35,194).
What is considered low income in MA? ›1 Person | 2 Person | |
---|---|---|
Very Low Income 50% | $51,950 | $59,400 |
Low Income 80% | $82,950 | $94,800 |
Area Median Income 100% | $104,510 | $119,440 |
What is the top 20 percent income in Massachusetts? ›
- Average adjusted gross income of the top 20%: $179,469.
- The minimum you need to make to be in the top 20%: $179,470.
- Average adjusted gross income of the top 20%: $316,447.
- The minimum you need to make to be in the top 5%: $558,616.
According to the Bureau of Labor Statistics (BLS), the national average salary in 2021 was $58,260. Although wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many factors involved.
What is the highest paying job in telecommunications? ›- Ic Design Engineer. Salary range: $96,500-$187,000 per year. ...
- Telecommunications Consultant. ...
- Cisco Unified Communications Engineer. ...
- Communications Engineer. ...
- Unified Communications Engineer. ...
- Voip Engineer. ...
- Telecommunications Engineer. ...
- Telecommunications Manager.
Highest salary that a Telecommunication Engineer can earn is ₹14.0 Lakhs per year (₹1.2L per month).
What is a communications specialist salary? ›The average salary for a communications specialist in California is $63,000 per year. Communications specialist salaries in California can vary between $23,000 to $128,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
What is upper class in Massachusetts? ›To be considered rich in the Boston, Massachusetts, metro area, you need to make over $171,382.
Is $70,000 a year considered middle class? ›The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.
Is $30000 a year considered middle class? ›The federal poverty level for a family of four is $30,000 in 2023. According to U.S. Census Bureau data, the median (middle-class) household income was $70,784 in 2021 (most recent statistics).
Is $40 000 a year middle class? ›Is $40,000 a year considered middle class? According to Pew Research, a middle-class family of three makes between $56,000 and $156,000. Families of that size who bring in $40,000 a year would not be considered middle class. However, an individual making $40,000 a year would likely qualify as middle class.
What salary is considered lower class? ›Is 40k a middle class salary? ›
"To be middle class, a household of three would have an income between $40,000 and $154,000." A three-person middle-income household makes about $52,000 to $156,000 every year according to Pew's definition.
What is a good hourly wage in Massachusetts? ›$15.99 is the 25th percentile. Wages below this are outliers. $32.23 is the 75th percentile.
How much is 70k salary in Massachusetts? ›If you make $70,000 a year living in the region of Massachusetts, USA, you will be taxed $17,164. That means that your net pay will be $52,836 per year, or $4,403 per month.
What is middle income in MA? ›Massachusetts. Median household income (in 2021 dollars), 2017-2021. $89,026.
What is the richest county in Massachusetts? ›Nantucket County ranks as the wealthiest county in the state, with a median household income of $112,306. That's 33.1 percent above the state average and 72.8 percent higher than the national average.
What is the average income in Massachusetts 2023? ›Massachusetts: Average Salary
The average salary in Massachusetts is $61,750 per year or $29.69 per hour. Entry level positions start at $40,950 per year while most experienced workers make up to $133,000 per year.
Pew Research considers middle class to be $56,000 to $156,000 for families of three. Thus, a family of three on $20,000 is not middle-class; it's actually below the poverty level. While an individual on $20,000 a year is not below the poverty line, they are still not considered middle-class.
What is a good monthly income for a family of 4? ›. | FAMILY SIZE | |
---|---|---|
STATE | 1 EARNER | 4 PEOPLE * |
Arizona | $52,334 | $80,956 |
Arkansas | $43,585 | $68,341 |
California | $57,962 | $96,813 |
You might need $5 million to $10 million to qualify as having a very high net worth while it may take $30 million or more to be considered ultra-high net worth. That's how financial advisors typically view wealth.
What is considered low income in Massachusetts 2023? ›Family Size | Annual | Weekly |
---|---|---|
1 | $14,580 | $280 |
2 | $19,720 | $379 |
3 | $24,860 | $478 |
4 | $30,000 | $577 |
Who qualifies for affordable housing in MA? ›
- Low-income households are typically eligible for the state-aided public housing if they earn no more than 80 percent of the area median income. ...
- If you or a family member are 60 years of age or over or, you are a non-elderly/handicapped you may qualify for the elderly/handicapped housing program.
Median family income: $106,200.
What is the poorest city in Massachusetts? ›#1 Lawrence. According to Wikipedia, as of the 2020 Census the City of Lawrence's median income for a household was $25,983 (U.S. Average: $41,994), and the median income for a family was $29,809 (U.S. Average: $50,046) and the per capita income for the city was $11,360.
What is the average salary in Massachusetts by age? ›The average annual household income in Massachusetts is $123,174, while the median household income sits at $89,026 per year. Residents aged 25 to 44 earn $101,601, while those between 45 and 64 years old have a median wage of $109,641.
What is the average net worth in Massachusetts? ›The average net worth of California families is $884,003. Connecticut ($873,746), Washington ($865,309), New Jersey ($810,106) and Massachusetts ($787,154) round out the top five states in average net worth.
What is a good salary to have a good life? ›What is a good monthly income in California? A good monthly income in California is $3,886, based on what the Bureau of Economic Analysis estimates that Californians pay for their cost of living. A good monthly income for you will depend on what your expenses are and how much you typically spend per month.
How much is $25 an hour annually? ›Frequently Asked Questions. $25 an hour is how much a year? If you make $25 an hour, your yearly salary would be $52,000.
What is a good career with good salary? ›- Cardiologist. National average salary: $351,827 per year.
- Anesthesiologist. National average salary: $326,296 per year.
- Orthodontist. National average salary: $264,850 per year.
- Psychiatrist. National average salary: $224,577 per year.
- Surgeon. ...
- Periodontist. ...
- Physician. ...
- Dentist.
AT&T Inc. employees with the job title Principal Software Engineer make the most with an average annual salary of $147,638, while employees with the title Retail Store Manager make the least with an average annual salary of $55,522.
Which high tech company pays the most? ›Top-paying companies for software engineers are Google, Apple, Facebook, and Amazon.
Which tech company pays the most? ›
Top Tech Companies | Early Career Median Salary | Mid-Career Median Pay |
---|---|---|
Microsoft | $102,500 | $139,700 |
$110,800 | $159,600 | |
IBM | $72,700 | $112,700 |
e-Bay | $88,900 | $136,000 |
Telecommunications is a rapidly growing industry that offers a wide range of career opportunities. With the increasing demand for communication services, the industry is expected to continue growing in the coming years.
What is Verizon's highest paying job? ›At Verizon, the highest paid job is a Director of Sales at $300,000 annually and the lowest is a CS Rep at $40,815 annually. Average Verizon salaries by department include: HR at $129,181, Design at $89,108, Marketing at $110,342, and Operations at $87,401. Half of Verizon salaries are above $107,396.
Who is the largest telecom operator? ›- AT&T, Inc. Revenue: $168.9bn.
- Verizon Communications, Inc. Revenue: $133.6 billion. ...
- Deutsche Telekom AG. ...
- Comcast Corporation. ...
- Nippon Telegraph and Telephone Corporation. ...
- China Mobile Communications Group Ltd. ...
- China Telecommunications Corporation. ...
- Vodafone Group Plc. ...
The average Top Communications Executive salary in the United States is $227,740 as of May 01, 2023, but the range typically falls between $200,684 and $263,122.
How much do entry level communications specialists make? ›While ZipRecruiter is seeing annual salaries as high as $62,500 and as low as $29,500, the majority of Entry Level Communications Specialist salaries currently range between $36,000 (25th percentile) to $52,000 (75th percentile) with top earners (90th percentile) making $57,500 annually across the United States.
What is a good communication specialist? ›Tactfulness: The most effective communications specialists are tactful. They understand what is appropriate to say in a given situation and are cognizant of timing and delivery. Other important skills and characteristics include strategic planning, leadership and interpersonal skills.
What is the average U.S. salary in 2023? ›As of May 25, 2023, the average annual pay for an American in the United States is $58,563 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.16 an hour.
What salary does the average 23 year old make? ›Average Salary by Age (3rd Quarter of 2022) | |
---|---|
Age Group | Average Salary |
16-19 | $31,668 |
20-24 | $36,712 |
25-34 | $52,156 |
Earning more than $100,000 per year would put you well ahead of the median American household, which brings in $74,784 as of 2021. Assuming you're an individual without dependents, that salary would qualify you as upper class, according to three different definitions (Brookings, Urban Institute and Pew Research).
What is the average hourly wage in the US 2023? ›
In April 2023, the average hourly earnings of all employees in the United States was at 11.01 U.S. dollars. The data have been seasonally adjusted.
What is considered upper middle class? ›Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range.
What percentage of Americans make over 100k? ›According to our extensive research: 18% of individual Americans make over $100k per year. 34.4% of US households make over $100k per year.
What salary is considered upper class? ›In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
Is 60 000 a good salary for a 23 year old? ›Yes, a $60,000 salary is typically good for a single person. The average personal salary in the U.S. is $63,214, meaning that $60,000 is a healthy amount. Of course, this also depends on your location, age, etc., but as a single person, you should be able to live comfortably in most places.
How much does the average 23 year old have in their bank account? ›Of “young millennials” — which GOBankingRates defines as those between 18 and 24 years old — 72% have less than $1,000 in their savings accounts and 31% have $0. A sliver (8%) have over $10,000 saved.
What is considered top 5 income? ›Age Range | Top 10% | Top 5% |
---|---|---|
20-24 | $71,268 | $86,540 |
25-29 | $105,884 | $134,392 |
30-34 | $146,609 | $175,116 |
35-39 | $185,297 | $247,403 |
Safe debt guidelines
If you make $50,000 a year, your total yearly housing costs should ideally be no more than $14,000, or $1,167 a month. If you make $120,000 a year, you can go up to $33,600 a year, or $2,800 a month—as long as your other debts don't push you beyond the 36 percent mark.
Is $100,000 Salary a Middle Class Income? This depends on your household size and location. For a single individual, $100,000 would actually put you in the upper-income level in most places. For household sizes between two and four, $100,000 a year would put you squarely in the middle class.
How much is 100k a year hourly? ›$100,000 is $50.00 an hour.
$50.00 is the hourly wage a person who earns a $100,000 salary will make if they work 2,000 hours in a year for an average of 40 hours per week, with two weeks of total holidays. We take the annual salary of $100,000 and divide it by 2,000 to get to a $50.00 hourly rate.
Is $30 an hour good? ›
The average income per individual in the US is $35,384 per year, but the median income in the US is $64,994, which is right around the 30-dollar-an-hour mark. Since 30 dollars an hour is above the average income per individual, it's a livable wage, but it depends on a few factors.
What is the pay raise for rest of us 2023? ›The 2023 Locality Pay Adjustment for the Rest of U.S. is 16.5%, which means that GS employees nationwide are paid at least 16.5% more then the GS Base Pay Table. Employees working in a GS Locality other then Rest of U.S. are paid a higher Locality Pay Adjustment based on the higher cost of living in their area.
Is $50 an hour good? ›Is 50 an Hour Good? Yes, $50 an hour is actually good pay. To put things into perspective, $50 an hour is almost seven times higher than the federal minimum wage. As of 2022, the Federal minimum wage is $7.25 per hour.