Is $600k a good salary for a single guy in Chicago? What about a family of 4?
I think I answered your other question. Yes, you can live quite comfortably for $600K. Single your GOLDEN. Family of four. You can pay your bills and still go away two weekend a month….that is unless the gas prices keep goin up.Welcome to town. Make sure you take the family to Michigan Ave around Christmas time. The window dressings, of animated stories is a treat you, your wife and particularly your children will never forget.Navy Pier is a blast all summer.Don’t forget to do The Dells in Wisconin…summer only. But, beware…It is more expensive than the Riviera in Spring.
Is earning $65k per year in the US a good salary?
For a single person at the start of their career, it is quite good. How much it can buy depends on where you live, because the cost of living varies a LOT in different regions of the US. But it is more than 1st year teachers with a bachelor’s degree earn in almost every location. Teacher Salaries in AmericaFor a middle-class life (buy a house, have a kid or two, save for retirement, take moderate vacations every year or two), you would need two spouses making that much.But there are many ways you can check and compare for yourself. Look at publicly listed salaries for government employees such as police officers and teachers, by location. Check the cost of rent in various cities. Your rent or mortgage should be no more than 30–40% of your income. If your household income is $60,000, you should be able to pay $2000 a month for rent.
What is considered a good salary in the US?
It really depends on where you live. Others have mentioned $100,000. That would be very good in most places and is well above average. In Cleveland one could live very comfortably with that while in California, not so much. Household income in the United States According to How much do Americans earn? What is the average US income and other income figures. Fiscal cliff talks only useful in context of incomes. Only 20.8% of Americans have a household income of $100,000 or more. And since this is household income that often comes from 2 salaries. 50 percent of US wage earners made less than or equal to the median wage, estimate to be $26,96566 percent of US wage earners made less than or equal to $41,211.36.
What is a good annual income for a single mom?
Somewhere around the median income range of $40k–50k is probably a good place to start, and on the high end of that if still paying full rent or mortgage. Perhaps less if there is significant alimony or child support.If I died and left my wife a widow with our largish family of relatively young children, I can see a few likely possibilities with estimates of the attached annual expenses:1) she stays in the Houston area, pays off our house with a small part of the life insurance, and settles in to get the kids raised with help from our Houston friends. In that situation, I would want her to have $40k-$60k per year.2) she moves to Dallas/Ft. Worth to be close to her mother and sister. She rolls the proceeds from selling our house together with some life insurance proceeds and pays for a comparable house in that area. Most costs are similar there, so again, $40k-$60k per year.3) she moves to Boise, where we lived for almost a decade, to be close to my family and many long-time friends. She rolls the proceeds from selling our Houston house into a less expensive Boise house with a smaller chunk of life insurance proceeds. $35k-$50k per year would probably do, since Boise tended to be less expensive than Houston.4) she finds out that I was killed by some clients that were worried I found too much while looking at their accounting records, and she cuts all ties and takes the kids to an undisclosed location in the Midwest to start a new life. Probably going to want $70k per year to cover expenses plus precautions for her safety. On the plus side, when it’s all over, she’ll be able to make millions on a best-selling memoir, but the kids will probably all be raised by then, so it would have been smooth sailing anyway.Yes, the last option is mostly a joke, but the point is to highlight that geography, family demographics, support networks, and safety concerns matter in answering such a question. Pick an expensive area (or move around a lot, which is the same thing), no help, and significant safety concerns and the expenses increase pretty significantly. Stay in an inexpensive place with a paid for home and a lot less regular income is required.
Can I survive on 40,000 dollars a year?
Yes, you can do that!!!. You will just need to budget your spending. Make sure that you have a buffer amount of money each month so that you can pay for items that "come up". Also you should set aside an amount for savings. On your income you can do this easily. A couple hundred would be great. Oh, and the last piece of advice is to limit yourself to eating out. This includes the week for lunches and dinner with friends on the weekend. Hope that this helps!
What can you do with an MHA ( Masters in Healthcare Administration)? ?
An MHA is like any other degree - a beginning. The program I attended offered several "concentrations" within the program from which to choose: Finance, Quality, Marketing, Policy etc. I chose Finance as my primary concentration with Qualty as my secondary. Most students from my University took jobs within hospitals, some went into government work (state or federal), others took positions in physcian practice management or consulting. To a certain extent, it depends upon your work experience and interests. I have been willing to move so my options were far greater than if I needed to stay in any particular place. Salaries depend upon the position and your previous experience. With no experience, you might be meagerly paid, particularly if you have no matching and relevant work experience. If you are pairing relevant work experience with a graduatge degree it works to your advantage. MHAs earn generally from $30,000 to $250,000 and up. I would guess that the average graduate starts out earning between $40k and $60k or so, with some a bit higher and others a bit lower. In terms of succes, as with any job, the person's drive and abilities matter as much as anything else. FYI - the CEO of one of our local hospitals has an MHA. Top notch schools make a difference, particularly if you are a top notch student. Top notch schools attract companies that offer post-degree fellowships that often serve as conduits to a position. However, admittance to these schools can be difficult. The school I attended accepted 10% of its applicants. Recession proof? Healthcare jobs are some of the most recession proof jobs there are, but obviously there are no guarantees. Illinois schools? I would guess that the state university which has a medical school also has a decent MHA program. The Univeristy of Chicago may have one - a prestigous, but very pricey university. If you are in Chicago, have a decent work ethic and are willing to work I would think you stand a decent chance of finding meaningful work without much difficulty. If you are in a smaller community, job opportunities are likely to be fewer and farther between. Me? I was willing to move to almost anywhere in the country and have had a career I never dreamed of having. Obtaining my MHA was the best thing I ever did. Having said that, I paired the degree with a healthcare technical background so I started out with relevant experience to help me sell myself to potential employers.
What salary in the United States puts you in the top 10%, top 5%, top 2%, and top 1% in terms of salary?
Salary Trivia:The top 202 wage earners take home a whopping $50,000,000+ and 979 Americans pocketed an astounding $20,000,000 or more.To put that in perspective, the top 979 wage earners in the USA according to recent tax filings made 433x the salary of the average income earner over the course of year.Wage statistics show Americans report over $7 trillion dollars in earned income annually, which boils down to an average wage of $46,119.You don’t need an 8-figure or even a 7-figure income to make it into the top 1% of earners, but you will still need to pull in at least 6-figures.To count yourself among the elite 1% of wage earners, you will need to pocket over $250,000 annually.So, the super-elite top 979 wage earners make 80x more than the top 1%!Sources: Investormint and SSAWage earners bringing in more than $195,000 can count themselves among the top 2% in the U.S.When you compare what the top 2% make compared to what the median wage earner takes home, the differential is vast.The median wage earner takes home $29,930 annually, so the top 2% make 6.5x more.Sources: Investormint and SSATo count yourself among the top 5% of wage earners in the USA, you need to bring in an annual salary of at least $130,000.Of the 160 million wage earners in the USA, the top 10% earn an annual salary of at least $90,000.And how many make over $1M+ each year?Comparatively few Americans earn over $1,000,000 in salary annually.In fact, if you are one of the 137,545 salary earners who made more than $1 million, you can count yourself among the top 0.085% of taxpayers.If you are in that elite group it means when you walk down the street, approximately 999 people out of every 1,000 earn less than you do!Here is some more info on salary levels.