Is 60000 dollars a year a good salary?


  1. Is 60000 dollars a year a good salary?
  2. What can you afford with a 60K salary?
  3. Is 60k a year a lot for a single person?
  4. Is 60k a year good 2020?
  5. How much should I save if I make 60k a year?

Is 60000 dollars a year a good salary?

$60,000 per year is a really good salary to live comfortably on. However, everyone’s situation and finances are different.

What can you afford with a 60K salary?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000.

Is 60k a year a lot for a single person?

$60K is a successful middle-class level of income. You can have a nice comfortable life with that level of income even with only one person in the family working. $60K however won’t cover the cost of living in most large…

Is 60k a year good 2020?

Is $60,000 a Year a Good Salary? If you have a salary or income of $60,000, it means you’re making 5 figures a year. While you may be an average earner with such an annual income, it’s possible to live on it comfortably. In fact, many lower earners dream to make such an amount.

How much should I save if I make 60k a year?

Budgeting for Saving and Investing Ideally at least 10% of your salary should go to saving and investing for your retirement. This would be possible on 60k/year if you were single, but if you have a family it would be harder. That said, as your salary goes up, you really need to increase your savings rate.