What would YOU consider a good salary? Low Salary? Decent salary? Great salary?

  • Import

    Posts: 7190

    Apr 20, 2014 5:23 PM GMT
    This is just something I'm curious to see what others think. I know that where u live can have a huge impact on what's considered a good salary, bad salary, etc....

    So, for me, I think the following:

    Very low salary- under $25k/year (most service unskilled jobs)
    Low Salary- $25k - $39k/year (most entry level college grad jobs)
    Decent salary- $40k - $55k/year (most non-management office workers and most skilled trade workers)
    Good salary- $55k - $79k/ year (most middle management jobs)
    Great salary- $80k - $100K/year (most higher management and professional jobs)
    Amazing salary - $100k and higher (most directors, executives, successful entrepreneurs, doctorates, MBAs, etc)

    This is just my assessment of what I consider to be low, decent, and high salaries based on someone living in San Diego. I know in many parts of the country things are different, like a wage of $50k/year in texas or NC may be good to great salaries, however $50k in say NYC, San Fran, DC may be low. . .

    Feel free to fill in your own ideas of what of what YOU think is a low, decent and high salary. I'm just curious as to what others think. Also, please include the metro area u live in to provide us with some context as to why "salary x" falls into "low, decent, good, etc" to you.
  • Posted by a hidden member.
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    Apr 20, 2014 5:27 PM GMT
    Good: $400/in, $500/out
    Bad: $150/in, $200/out
    Awful: $25 for a quickie in the alley
  • jo2hotbod

    Posts: 3603

    Apr 20, 2014 5:32 PM GMT
    Every salary that is being earned is never good enough or enough
    Every salary is good when you're not making one and trying to find one
    No salary is ever enough
    Every salary is never too much
  • marty111

    Posts: 5

    Apr 20, 2014 5:35 PM GMT
    Salary is one thing but enjoying your job is important too. When both come together you are a luck manicon_smile.gif
  • Import

    Posts: 7190

    Apr 20, 2014 5:41 PM GMT
    marty111 saidSalary is one thing but enjoying your job is important too. When both come together you are a luck manicon_smile.gif

    oh ok.... Well, congrats on your first post. I'm glad u chose to make that happen on one of my threads. icon_smile.gif

    and just an FYI for ppl, im not asking for u to disclose ur own income levels or comparing incomes of memebers here i just wanna know what other people's ideas of a good, bad salary are.
  • thadjock

    Posts: 2183

    Apr 20, 2014 5:44 PM GMT
    when u say "salary" i'm assuming you mean gross , so you'll have to factor in CA's crippling state income tax.

    as you said the responses will be highly localised depending on where u live, but in LA i think you have to ratchet that up a bit from SD:

    six figures is good ($100k is not amazing in LA. it gets you a middle class life)
    low sevens is great
    eight is amazing

    50-70k i guess is decent, if you're recent college grad, or half of a couple.

    25-40K would be low in LA. where alot of 20 something's are.

    any range of 40k and under and you're scraping by

    at 25k and under i hope you're teenager living at home, cuz you can't live on that independently as an adult in LA.





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    Apr 20, 2014 6:18 PM GMT
    I live in Canada, Toronto, shit's expensive and taxes are high. That being said:

    extremely low sallary : 50k and under
    low sallary : 51 - 80k
    good sallary : 81k - 100k
    great sallary : 101k - 130k
    amazing sallary : 131k +
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    Apr 20, 2014 6:35 PM GMT
    jo2hotbod saidEvery salary that is being earned is never good enough or enough
    Every salary is good when you're not making one and trying to find one
    No salary is ever enough
    Every salary is never too much


    I agree! There are several physicians I work with in all types of disciplines ranging from internal medicine to surgery and even they have said that their salaries are not enough given the malpractice insurance they need to pay in order to keep their jobs.

    Let's face it, the more you make, the more you'll spend and the more you'll think that your salary is not enough. Even the richest people of the world are looking for ways to make more money….more than they will ever need in their lifetimes.
  • thadjock

    Posts: 2183

    Apr 20, 2014 6:38 PM GMT
    in general if you're over 30yo and 100% of your income is from salary, you're fucked.

    at least under the current tax code.
  • Posted by a hidden member.
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    Apr 20, 2014 6:46 PM GMT
    In NYC ANYTHING under 100K is just squeaking by.

    Manhattan Island is a microcosm unto itself.

    Good is 1 million.

    To be GREAT is 5 million and above.
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    Apr 20, 2014 7:34 PM GMT
    In the UK living costs are different in different regions. Where I live 30k is a middle class income but currently one middle class income doesn't get you very far unless you own your own home. Basically rents are so high you can't save for a deposit for a mortgage even though currently most rents are set higher than most mortgage payments.

    To make a comfortable living as a single person you probably need around 45k.
  • thadjock

    Posts: 2183

    Apr 20, 2014 7:57 PM GMT
    woodsmen said$80,000 in Seattle to live comfortably.
    $$150,000 to live great.
    $$$More than 150,000 to live amazingly.


    yeah seattle is skewed by IT money
    LA is skewed by entertainment money
    NY is skewed by international money

    that's why places like rochester MN and savannah GA always make those "top 10 greatest places to live" lists.

    average incomes go alot further, and there's a diverse economy that pays good salaries to a broader sector of the workforce. and don't forget how right to work states and no state income taxes factor in.
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    Apr 20, 2014 8:29 PM GMT
    I've always made less than 30k as most of my friends as well :O lol - seems ok :O
  • thadjock

    Posts: 2183

    Apr 20, 2014 8:36 PM GMT
    woodsmen saidLet me revise. In Seattle, you need more than $$$$400,000 to live amazingly.


    but seattle has a pretty vibrant counterculture element where you don't need alot of money to live a fairly comfortable life. there's a social structure for that lifestyle there.

    austin has that too, it's attracted alot of high earners but there's still the slacker community.

    denver and portland are kind of similar too. where high and low earners peacefully co-exist, we don't really have that in LA, maybe cuz we're too big or too spread out.
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    Apr 20, 2014 9:54 PM GMT
    As mentioned in the OP, where you live can make a HUGE difference. I now make what I used to when I lived in Minneapolis, and will be getting a big raise next month. I now pay a LOT less in taxes, and my cost of living is about 1/4 of what it was, leaving me with the ability to save more while having more to spend as I wish. Even in Minneapolis, I made what would be considered a very comfortable salary, but as others have pointed out, you usually want more. In my case, the money is secondary now considering I work a lot less hours, have a lower cost of living, and am much happier with my job and where I live.
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    Apr 20, 2014 9:55 PM GMT
    woodsmen saidLet me revise. In Seattle, you need more than $$$$400,000 to live amazingly.
    My ex IN Seattle made $80,000 a year (I think) and was very comfortable when he wasn't being a dumbass with his money.

    I earn about $17,000 per year before taxes from my fulltime position before taxes. One of my parttime jobs will start bringing in about $8500 per year. My third job will hopefully bring in about $6,000 per year.

    Keep in mind that's about 80 hours of work in a week.

    Due to my "lifestyle" I'm very conservative with my funds. I don't like to buy food when it's not on sale, or get any retail items from places other than thrift stores and even then it has to be ridiculously priced like half-off.

    I'd like to think that I could very comfortably live off $25,000 a year before taxes.

    I don't know what good salaries are... Like I really don't. All I know is what works for me.
  • thadjock

    Posts: 2183

    Apr 20, 2014 10:13 PM GMT
    Trolliosis said

    I earn about $17,000 per year before taxes from my fulltime position before taxes.


    what do you mean before taxes? you make $17k a year and you're still paying taxes? you need a better accountant.

    the standard deduction with a single exemption is $10k. your taxable income would be 7k , i think at that point the gov't sends you money doesn't it?
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    Apr 20, 2014 10:23 PM GMT
    charlitos saidI live in Canada, Toronto, shit's expensive and taxes are high. That being said:

    extremely low sallary : 50k and under
    low sallary : 51 - 80k
    good sallary : 81k - 100k
    great sallary : 101k - 130k
    amazing sallary : 131k +


    I would say something like this for Calgary too except I think you can rent and buy housing a lot cheaper than Toronto.

    I currently make less than $30k and spend a few $k per year on tuition, but I am pretty comfortable. I never worry about being able to afford rent or food or alcohol. I am having friends over for dinner and spent like $50 just on cheese. That said, I couldn't afford to have a child with this income - I am not saving anything, but I love my life.
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    Apr 20, 2014 10:25 PM GMT
    in my opinion...
    very low: <30K
    low: 30-49K
    decent: 50-99K
    good: 100-249K
    great: 250-999K
    amazing: >1mil
  • Posted by a hidden member.
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    Apr 20, 2014 10:39 PM GMT
    In my opinion, being paid a salary = working for someone else and that shit is just not good enough for me.
    Any salary, therefore, sucks in my opinion.
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    Apr 20, 2014 10:44 PM GMT
    thadjock saidwhen u say "salary" i'm assuming you mean gross , so you'll have to factor in CA's crippling state income tax.

    as you said the responses will be highly localised depending on where u live, but in LA i think you have to ratchet that up a bit from SD:

    six figures is good ($100k is not amazing in LA. it gets you a middle class life)
    low sevens is great
    eight is amazing

    50-70k i guess is decent, if you're recent college grad, or half of a couple.

    25-40K would be low in LA. where alot of 20 something's are.

    any range of 40k and under and you're scraping by

    at 25k and under i hope you're teenager living at home, cuz you can't live on that independently as an adult in LA.


    Living in LA, I'll agree with that. $100K/year is not considered amazing as the OP's suggested range.
  • thadjock

    Posts: 2183

    Apr 20, 2014 10:47 PM GMT
    k3l3k0 saidIn my opinion, being paid a salary = working for someone else and that shit is just not good enough for me.
    Any salary, therefore, sucks in my opinion.


    yeah i feel the same way, but alot of people just want to grind out a 9-5 and cash a check. and thank god they do cuz i need employees.

    being a business owner I'm never "off the clock", and I can't just "leave it at the office" until tomorrow. but I couldn't imagine not being in charge of my own life including work. the rewards far outweigh the risks.
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    Apr 20, 2014 10:52 PM GMT
    thadjock said
    k3l3k0 saidIn my opinion, being paid a salary = working for someone else and that shit is just not good enough for me.
    Any salary, therefore, sucks in my opinion.


    yeah i feel the same way, but alot of people just want to grind out a 9-5 and cash a check. and thank god they do cuz i need employees.

    being a business owner I'm never "off the clock", and I can't just "leave it at the office" until tomorrow. but I couldn't imagine not being in charge of my own life including work. the rewards far outweigh the risks.


    haha touché icon_biggrin.gif

    I agree!
  • Posted by a hidden member.
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    Apr 20, 2014 10:58 PM GMT
    I'd say that the figures Import used for San Diego are pretty spot on for Tampa as far as the lower end although I think there is probably a wider range for middle management jobs, say 55,000 to 90,000, and for higher management and professional jobs, say 90,000 to 150,000.
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    Apr 20, 2014 11:02 PM GMT
    woodsmen saidBeing a business owner also means you are never on vacation. I work on my vacation. Never far from my iPhone.


    True to a point.