How many Americans make 60k?

A significant portion of Americans earn around $60,000 annually, with recent data suggesting roughly 20-24% of individuals fall into the $40k-$60k income bracket, and another 10-12% earning $60k-$80k, placing many around that benchmark, while the median individual income in 2025 was about $63,000, showing $60k is near the typical earnings for full-time workers.

Is $60,000 a good salary in the USA?

Yes $60000 a year is considered a reasonably good income. Is it a very high income? Not anymore. Mainly because the average income in the United States, even though a lot of people don't know about it, is only about $35, 000.

Is $60,000 a year considered middle class?

Yes, $60,000 a year generally falls within the middle-income range in the U.S., but whether it's considered "middle class" depends heavily on location (cost of living) and household size, as it can be lower-middle or solid middle class in different areas; for a single person, it's often comfortable, while for a family, it might be tighter, especially in high-cost cities. Pew Research defines middle-income as two-thirds to double the national median income, placing the range around $56,000 to $170,000 (for 2022 data), with $60k fitting at the lower end.
 

What percent of Americans make 70k?

What Percentage of Americans Make Over $70,000 Annually? U.S. Census data reports that in 2022 (the most recent data available), 49.8% of Americans made $75,000 and more, and 16.2% earned between $50,000 and $75,000. Based on these statistics, at least half of Americans make $70,000.

Is 70k a middle class salary?

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 $83,730 in 2024. 2 Using Pew's yardstick, middle income is made up of people who make between $55,820 and $167,460.

Impossible to Buy a House With a $60,000 Income?

How many people make 60k a year?

Millions of Americans earn around $60,000 a year, with roughly 12.16 million U.S. households earning between $60k-$74.9k in 2022, and about 20% of people earning $40k-$60k in a 2023 survey, making it a fairly common income bracket, though specific numbers vary by data source (individual vs. household) and year, often falling near the median income level. 

Is 60K a livable wage?

Can I live comfortably making 60K a year? A single person can usually live well on a $60,000 annual salary. However, if you have expensive tastes, are carrying a lot of debt, live in an area with a high cost of living, or are supporting multiple people, you may find it more challenging to get by on $60,000 a year.

What is a good salary for a 35 year old?

Median Salary for Ages 35-44

The median salary of 35- to 44-year-olds is $1,385 per week or $72,020 per year. That said, the number conceals considerable variation by gender.

How much is $60,000 a year hourly?

$60,000 a year is approximately $28.85 per hour, assuming a standard 40-hour workweek (2080 work hours per year), calculated by dividing the annual salary by 2080 hours. This breaks down to about $5,000 monthly, $1,154 weekly, or $230 per day. 

What jobs in the US pay $300,000 a year?

What jobs pay $300,000 a year non-medical?

• Investment Banker. ...
• Hedge Fund Manager or Portfolio Manager. ...
• Corporate Lawyer (Partner Track) ...
• Software Engineering Director / VP of Engineering. ...
• Tech Entrepreneur / Startup Founder. ...
• Real Estate Developer. ...
• Management Consultant (Partner or Director Level) ...
• Private Equity Executive.

How many Americans make $200,000 a year?

Around 14-16% of U.S. households earn $200,000 or more annually, which translates to roughly 15-20 million households, while for individuals, $200k puts you in the top 5% of earners, with data suggesting roughly 10-12% of households are above this mark, showing it's a significant income bracket but still well above the median household earnings. 

How much does the average 30 year old make?

On a weekly basis the average 30 to 34 year old makes $1,136 per week or an annual income of $59,072.

How do people live on 60K a year?

Living on $60k a year is manageable, especially for a single person, but success hinges on location (high COL areas are tough), strict budgeting (using methods like 50/30/20), controlling housing costs (aim for ~$1,500/month), and prioritizing needs over wants, with flexibility needed for debt and dependents. Key strategies involve tracking expenses, saving diligently (20%), and limiting "fun" spending to stay financially stable. 

How much does the average 26 year old make?

Average Salary in California by Age in 2024

For instance, workers age 24 and younger earn an average of $44,205 a year, according to data from the U.S. Census Bureau. Pay jumps up to an average of $90,138 a year for workers aged 25 to 44, and $98,785 a year for those age 45 to 64.

What is considered wealthy at 35?

$1M is commonly described High Net Wealth person in the financial world. $1M is (approximately) what lands you in the top 1% in this country age 25-35. Top 1% net wealth $613K- age 25-29. Top 1% net wealth is $984K age 30-35.

How much is $70,000 a year hourly?

$70,000 a year is approximately $33.65 per hour, calculated by dividing the annual salary by 2,080 (the standard 40 hours/week for 52 weeks). This is your gross hourly rate, and your take-home pay will be less after taxes and benefits, but the basic conversion is $33.65/hour for a full-time role. 

What does average income not tell you?

This is why economic averages can be misleading. They smooth out the data so much that they hide inequality, regional differences, and even how people feel about the economy.

Is 60K a year considered poor?

A $60K income is now considered 'lower middle class' 😟 Under 70k is poor.

Can I afford a 300k house making 60K a year?

It's tight but potentially possible to afford a $300k house on a $60k salary, depending heavily on your existing debts, credit score, and down payment, as lender guidelines suggest a maximum $1,400 monthly housing budget (28% of gross income), while a $300k mortgage often costs more, pushing you past ideal limits and potentially making you "house poor" unless you have low other debts and significant savings for a large down payment to lower the loan amount. 

What class is someone who makes 60k a year?

Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $56,600 to $169,800 in 2022. Lower-income households had incomes less than $56,600, and upper-income households had incomes greater than $169,800.

How much is $60,000 a year hourly?

$60,000 a year is approximately $28.85 per hour, assuming a standard 40-hour workweek (2080 work hours per year), calculated by dividing the annual salary by 2080 hours. This breaks down to roughly $230 daily, $1,154 weekly, and $5,000 monthly before taxes and deductions. 

What is a top 2% salary in the US?

To be in the top 2% of income earners in the U.S., you generally need an income well into the high six figures, with thresholds around $400,000 to over $438,000 depending on the year and data source, often placing you in the top 1-2%, while household income thresholds can be similar or higher, with some sources pointing towards $400k+ to enter the top tiers.