How much is a good salary at 24?

A good salary at 24 is generally considered to be in the range of $41,000 to over $50,000 annually in the US, as the median salary for 20- to 24-year-olds is approximately $41,184, according to Fidelity and Forbes Advisor. For a 24-year-old in Texas, specifically, a competitive salary for that age group would be on par with or slightly above the $38,563 average, say SoFi experts.

What's the average salary for a 24 year old?

Average US salary by age

20 to 24: $792 per week ($41,184 per year) 25 to 34: $1,125 per week ($58,500 per year) 35 to 44: $1,332 per week ($69,264 per year)

What percentage of people make $70,000 a year?

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 50k a good salary at 24?

Generally speaking, yes. An annual salary of $50,000 is considered a middle-class income, and can be a comfortable wage for a recent graduate or a person starting a new career.

What is a $60,000 salary hourly?

A $60,000 annual salary breaks down to approximately $28.85 per hour, assuming a standard 40-hour workweek and 2,080 working hours in a year ($60,000 / 2080 hours). This is calculated by dividing the yearly income by the total hours worked annually, and can change slightly if you work fewer or more hours, or have paid time off. 

Average Income by Age (and What to Do With It)

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. 

Is $60,000 enough to live comfortably?

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 salary should a 25 year old have?

Median Salary for Ages 25-34

For Americans ages 25 to 34, the median salary is $1,150 per week or $59,800 per year. That's a big jump from the median salary for 20- to 24-year-olds. As a general rule, earnings tend to rise in your 20s and 30s as you start to climb the career ladder.

Is $50,000 salary 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 $83,730 in 2024. 2 Using Pew's yardstick, middle income is made up of people who make between $55,820 and $167,460.

Is 70K salary poor?

According to a living wage calculator, a single person needs approximately $76,000 annually to live comfortably in Los Angeles without financial stress. Though a 70K salary is slightly below this threshold, it's possible to make it work with thoughtful choices.

What salary do I need to be happy?

The amount of money needed for happiness varies, with studies suggesting a baseline for needs (around $75k-$100k for general well-being) but also showing that for many, higher incomes increase life satisfaction and day-to-day happiness, with some research pointing to figures like $105,000 for U.S. life satisfaction or even higher for deep emotional comfort, though personal factors, location, and individual goals significantly influence this number. 

What is a good salary by age?

A "good" salary generally increases with age and experience, peaking in the 45-54 age bracket (around $70k-$72k median), but what's good depends heavily on location and career; for example, a 25-34 year old might aim for $59k+, while a 35-44 year old could target $70k+, with significant jumps as you gain experience, though personal finances, skills, and cost of living matter more than age alone, say Fidelity, SmartAsset.com, and SoFi.
 

What age is peak earnings?

People generally earn the most money in their late 40s to late 50s, with peak earning years often cited as ages 45-54, though this varies by gender, with men's peak sometimes extending to 50s and women's peaking earlier, around 40-54, but earnings continue to grow and plateau through mid-50s before gradually declining towards retirement. 

What is considered a high salary in the US?

Top earners across the United States earn nearly least six figures, with an average income of over $99,971 for those in the top 10% in 2022. Earners in the top 1% need to make $1 million annually in states like California, Connecticut, Massachusetts, New Jersey, and Washington.

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.

Am I rich or middle class?

Whether you're rich or middle class depends on income, location, and lifestyle, but generally, the middle class earns roughly two-thirds to double the national median income (around $41k to $124k for 2025), while upper-middle class can afford luxuries without strain, and rich means financial security with minimal money worries, often indicated by high net worth and covering major emergencies easily, notes Yahoo Finance and US News Money. 

How many Americans make 50K a year?

Millions of Americans earn around $50k, with roughly 15% of households in the $50k-$74.9k range (2024 data) or over 100 million individual workers making $50k or more (2025 data), showing it's a common income bracket, though defining "make $50k" (individual vs. household, specific year) affects the exact number, but generally, a large portion of the U.S. falls in or above this income level. 

How much is 50K a year hourly?

$50,000 a year is approximately $24.04 per hour, calculated by dividing the annual salary by 2,080 (40 hours/week x 52 weeks/year), though this can slightly change with paid time off or different work schedules. 

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. 

How rare is a 100k salary?

Making $100k a year is less common for individuals but more so for households; roughly 18-23% of individual U.S. workers earn over $100k, while about 34% of households hit that mark, making it a significant income but not universally "rich" due to high living costs in many areas, with factors like location, gender, and age impacting its value and attainment. 

What is a top 1% salary in America?

To be in the top 1% salary range in the USA, you generally need an income well over $500,000 annually, with national averages often cited around $700,000-$800,000, but this varies significantly by state, with high-cost areas like Connecticut and California requiring over $1 million, while lower-cost states like West Virginia might be closer to $400,000-$450,000.
 

Can I afford a 300k house on a 50k salary?

It's unlikely you can comfortably afford a $300k house on a $50k salary using standard guidelines like the 28/36 rule, which suggests a maximum monthly housing cost of about $1,167; a $300k home's total costs (mortgage, taxes, insurance) often exceed $2,000-$2,500/month, requiring closer to a $70k-$80k income, though factors like a large down payment, low debt, and specific loan programs (like FHA) can stretch affordability slightly. 

How much is 60k a year hourly?

$60,000 a year is approximately $28.85 per hour, calculated by dividing the annual salary by 2,080 working hours in a standard year (40 hours/week x 52 weeks/year). This figure can vary slightly depending on actual hours worked and if overtime is included, but it's the common benchmark for a full-time job.