Is $60,000 a good salary in Florida? That depends on where in Florida you live. Commonly cited as the most popular U.S. destination for retirees, Florida offers wonderful weather and recreational activities. The sunshine state also houses a number of cities with high salaries.
If you’re like most people, a question like “is $60,000 a good salary in Florida?” makes your head spin. After all, how could you ever come to a conclusion that’s accurate?
60,000 is a good salary in Florida. This is an average number, meaning that it could be more or less depending on your lifestyle and other factors. A look at these numbers will give you a clearer picture of the standard of living in the state.
It’s no secret that Florida is one of the most desirable retirement states in the country. With great weather, plenty of attractions, and a relaxed way of life, it’s no wonder why retirees flock to Florida. More than 5 million residents call Florida home and many are retirees living off pensions and savings while others may be part-time residents who continue to work full time. While these retirees are not rich by any means, they can still afford to live in a nice warm climate that offers plenty of amenities at a reasonable cost. That wouldn’t be possible if they were living on minimum wage or even just their average wage in Florida alone.
Is 60k a good salary in florida
Crazy as it sounds, there are still some people who feel that 60K is not a good salary. Granted I am sure they are mostly seniors at high school, colleges and universities. For someone in their 20’s, 30’s and even low 40’s, this is a fine salary. For most of them, 60k a year salary is enough to live a decent life but it is not nearly enough for someone to retire on or get rich quick.
A $60,000 annual salary sounds great, but it doesn’t buy the same luxury in all parts of the country. The average cost of living varies drastically from state to state, and the underlying details may shock you. Don’t quit your day job quite yet!
The answer to your question is “yes.” 60k is a good salary in Florida. It’s enough to support a family, pay off debts and save for retirement.
However, it’s not the most you can make in the Sunshine State. The median household income in Florida is $48,444 according to the Census Bureau—which means half of households earn more than $48k and half earn less. So if you’re making less than that, there are plenty of people out there who are making more.
If your employer offers any type of benefits like health insurance or life insurance then don’t forget about those when calculating your total compensation package.