- How much does a single person need to make in California?
- Is $30 000 a year good for a single person in California?
- Is 70k a good salary in California for a single person?
- Is 45K a year middle class?
- Is 50000 a good salary in California?
- What is a good salary to live comfortably?
A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour.
$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.
An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
50k annually is about 50% higher than minimum wage in California. It’s a poverty wage, close to half the wage of full time working adults. Some people may find it comfortable but that is really a personal choice.
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.