On this page we’ll discuss “what is considered a high salary in the us” and hopefully provide you with some insight. After reading this article, you should have a good idea on what the average salary is, the benefits of a city, state and country, and much more.
The United States Department of Labor’s Bureau of Labor Statistics (BLS) reports that the average annual salary for a worker in the United States was $48,320 in 2018.
The BLS also reports that, as of December 2018, the 10th percentile of hourly wages was $11.18 per hour; the 25th percentile was $13.28 per hour; and the 75th percentile was $17.83 per hour.
According to PayScale, which collects data from self-reported salaries on its website, the average salary for workers in the United States is $51,360 per year.
What is considered a high salary in the us
Here’s the salary you have to earn to be considered ‘rich’ in every state
We’ve all heard the saying, “Rich is relative.” And there are plenty of ways to define it. Some people think that having a million dollars qualifies them as rich; others believe they need roughly $200 million. But what if you’re looking to get married? Or buy a new car? In those cases, it’s likely that your definition of “rich” will be considerably different than someone who makes twice as much money per year.
This article will help clarify the average income needed in each state for you to be considered part of the country’s top earners—the upper class or even ultra-rich—and give you an idea of how far from that mark most Americans fall.
The median household income in New Jersey is $73,222.
If you are looking for a high salary in the US, Maryland is a good place to consider. The average annual income in the state is $76,067. This makes it the second richest state in America after Alaska and its median household income is more than $10,000 higher than that of New York City.
Maryland isn’t just one of the most expensive states in America; it’s also one of its best places to live if you can afford it: with an unemployment rate of 3% (in 2017), there are plenty of opportunities available here and salaries tend to be higher than average.
If you’re looking to live in paradise, Hawaii is a great place to do so. With gorgeous weather and beautiful beaches, there’s no reason not to move there. The median income in Hawaii is $71,892 (compared with $62,950 nationally), which means that half of all residents earn less than this amount and half earn more. But with an average cost of living that’s 23% higher than the national average, what does it take to be considered rich in Hawaii?
To find out how much money makes someone “rich,” we created our own definition based on whether or not a person could afford common luxury items like movie tickets for two or home renovations without going into debt. We used data from the Bureau of Labor Statistics’ Consumer Expenditure Survey from 2016 as well as our own analysis of median incomes and costs across several states while factoring in taxes paid by both households earning below $1 million per year as well as those earning above that threshold using estimates from S&P Global Market Intelligence Consumer Spending Database.*
Alaska is one of the most expensive states to live in, with a median household income of $70,934. If you make $66,827 annually and consider yourself rich in Alaska, then you’re doing just fine.
The state of Connecticut, which has one of the highest median household incomes in the US at $73,433, is also home to many wealthy people.
To be considered rich in Connecticut—meaning that you have an annual income more than twice that of a middle-class American household—you’ll need to earn at least $92,845 per year.
The median household income in the United States is $57,617. To be considered rich in California, you would need to earn at least $136,000. This is because California has the highest cost of living in the United States. To compare this to other states:
- New York’s median income is $63,909; to be considered rich there you need to earn at least $130,000
- Texas’ median income is about $54k; here it’s about 115k
California also has one of the highest income tax rates in America—it’s 13% for your federal taxes and then another 9% for state taxes.
In Massachusetts, the median household income is $77,433 and median salary for a software engineer is $110,000. The median salary for a software developer is $100,000. The median salary for a database administrator is also $100,000.
New Hampshire’s median household income is $70,711. The median household income for a family of four is $98,822 and $109,926 for a family of five. While you may think this is on the high side for an American household, it’s actually fairly average compared to other states.
Virginia is one of the most densely populated states in America. With a population of nearly 8 million, Virginia’s capital city is Richmond, while its largest city is Virginia Beach.
The median household income in Virginia is $66,380 according to data from 2017. This makes it a state with very high income equality. More than half the people who live there make less than this amount, while only around 15% make more than that number – and even those who do earn more often have incomes closer to $200K per year rather than millions each year. However, there are still some pockets of wealth throughout Virginia where incomes can be quite high (and where taxes are correspondingly higher). If you’re thinking about moving here for work opportunities or to start your own business then keep reading!
North Dakota has the second-highest household income in the U.S., with a median of $56,927. To be considered rich in North Dakota, you would need to earn $65,842. The cost of living is low in North Dakota because they have an average cost of living index of 97, which means it’s cheaper to live there than most other places in America. The cost of living can also be high if you want to live like a millionaire or wealthy person.
The median household income in the US is $57,617 — here’s what it takes to be considered rich in every state.
The median household income in the US is $57,617. It’s not an inconsiderable sum — in fact, it’s quite a healthy chunk of change — but if you want to get a sense of where you stand financially, you’ll need to do some math.
With that in mind, here are five ways to calculate what it takes to be considered rich in every state:
- The first method is by using the 50/20/30 budgeting rule. This plan dictates that 50% of your gross income goes toward necessary expenses (rent or mortgage payments, food and transportation costs), 20% should go toward savings or debt payments, and 30% should be left for discretionary spending (i.e., going out on dates). If this method doesn’t sound like your style or you’re living outside of America’s coasts, try another one!