Many of us or will be single for some period of their lives. We all want to know that 60000 is a good amount of money to earn. This article is focused on answering that very question, and not just for the general population of single people, but those who are living in California in 2017.
We all want to earn more money, but what is enough? For sure, it’s easier to ask the question than answer it. In fact, the questions “Is 6000 dollars a good salary? Is it enough for me?” are quite common for most of us.
Six figures means different things to varying types of people nowadays. For some, it is their annual salary from a top paying employer. For others, it is the monthly revenue brought in from a years’ worth of startup consulting. For most, it is a combination of different incomes that yields an overall 6-figure income. Having a six-figure income by itself sounds attractive (don’t we all dream of it?), but when you break down the numbers, does it really make sense for you to have such a high salary?
When you’re trying to determine how much money is good for a salary, it is impossible to give an exact number as salaries vary depending on the cost of living, type of employment and even the specific industry. But that doesn’t mean we can’t give you guidance on what things to consider when figuring out if your salary is “good” or not. If your income is producing results and allowing you to maintain a comfortable lifestyle, then your salary could be good.
Is 60000 a good salary for a single person
Yes, 60000 is a good salary for a single person.
A single person with an income of $60,000 per year can expect to pay between $8,500 and $17,000 in taxes each year. This leaves them with anywhere from $51,500 to $42,000 in take-home pay, depending on their tax bracket.
If this person is living in New York City, they can expect to pay $1,735 in monthly rent for a two-bedroom apartment. This means that out of their monthly income of about $4,300 after taxes and rent are paid (assuming they have no other bills), they will be left with only about $3,220 per month.
This amount would not be enough to cover the cost of living for most people in New York City—but it is enough for many people who live in rural areas or smaller cities across America. In fact, according to the United States Bureau of Labor Statistics (BLS), the median household income in 2017 was just under $60,000 per year—so 60000 is actually right on par with what most people are making each year!
There are times when an individual is considered as a dependant when he/she can claim personal tax exemptions. This would vary depending on the situation so always seek professional advice as to whether you could be considered as a dependent.You must also check if your monthly income is within reasonable parameters in order for you to be deemed as a single person. If your monthly income crosses S$6000, you would be deemed as married even if the status of your relationship is single. The definition of “single” is anyone who is not legally married but may include individuals in same-sex marriage or civil union.
