60K is a good salary in the United States. It varies a lot on location and a few other factors. Read more to find out how it varies and how you can calculate what your own specific salary would be.All salaries are in USD (U.S. dollars) unless otherwise noted
60k is a good salary in the United States, but not necessarily a great one.
According to Numbeo.com, the average cost of living in the US is $56,000 per year. That means that at 60k, you’re earning an average salary and can expect to have enough money to live comfortably (and at least pay for your rent and utilities) without any kind of struggle.
However, if you’re earning less than 60k per year, it’s likely that being able to cover your basic expenses without strain would be a struggle for you—especially if you have debt or other bills to pay off.
If you earn more than $60k per year, it’s possible that you might be able to afford things like vacations (or even traveling internationally), but it’s still possible for someone with a lower income to enjoy those luxuries if their financial situation is stable and healthy.
In short: 60k isn’t bad at all! It’s probably enough money to live comfortably in most parts of the US (although depending on where you live or what your specific needs are).
Is 60k a good salary in us
According to the U.S. Census Bureau, the median salary in 2017 was $59,039. That means 60k is a good salary if you’re not living in an expensive part of the country or if you don’t want to live a lavish lifestyle.
A lot depends on the cost of living in your area.
It’s important to remember that a higher salary doesn’t always mean you will be able to save more money. The cost of living in different regions of the country can vary significantly, so it is possible for someone with a $60k annual income to have more disposable income than someone who earns $100k per year if they live in an area where things are more expensive.
It’s good, over the national median, but not by a lot.
While 60k is a good salary in most of the country, it’s not an exceptional amount. In fact, on average you’ll be earning about two-thirds of what people earn nationwide: that means that in expensive cities like Boston and San Francisco, where housing costs are higher and wages tend to go up accordingly, a 60k salary can seem low. The opposite is true for places like Omaha and Detroit—where prices are lower and so are wages—where 60k would be considered quite good.
So when considering different options for where to move based on your own budget needs and desires (and whether or not you’re looking forward to commuting), keep all this information in mind!
Depends on your cost of living
Before you decide whether or not 60k is a good salary, it’s important to consider your cost of living.
It doesn’t matter if you make $60,000 annually in one state and $30,000 in another—if the latter has a lower cost of living, then both salaries will be worth more. The same goes for how much money you want to spend on housing vs how much you want to spend on food vs transportation.
This is a very difficult question to answer. I have found that 60K is not enough for me to live on in the US, but others may be able to do so. My advice would be figure out what your budget is, and then determine if you can afford it or not, before deciding whether this amount of money would work for you