What kind of life can you live with 100k a year?

Yes, a family of 4 can live on 100k per year. The average household income in the United States is approximately 73k according to the US Census Bureau. At this income level you would have to commute rather than live in the most expensive cities such as Boston, San Francisco, and Manhattan.

Is 100 000 dollars a good salary?

$100,000/year is above an average salary and if you’re frugal enough, on $100,000/year, you should be able to live a good life and save some money too. There are some other expenses too on which your money depends, like buying cars, going for international vacations, buying luxury items and so on.

Is 97000 a good salary?

While he’s in the ballpark for single earners — $97,000 would put you in the top 7\% or so — he’s way off base when it comes to household incomes, which I believe is a truer measure, since most of us live and spend as part of a household (especially in an age of two-income families).

What does it look like to live on $100k a year?

What Living On $100,000 A Year Looks Like On paper, $100,000 a year is well-off. But for several households around the country, it often takes just one major expense for that to not feel like enough: student loans, childcare or housing costs.

Is 100k a year a good salary?

Cost of living is also important. $100,000/yr in in San Francisco isn’t much. If you’re in Fort Wayne you’re a baller lol. 100k a year is a fantastic salary pending you dont have insurmountable debts coming out of school. Even in higher cost of living cities, you will be able to maximize your living situation and daily expenditures very easily.

Is Los Angeles a good place to live with a 100K salary?

Los Angeles may be the City of Angels, but it’s not a good city for keeping your paycheck. State income taxes and high rents take a big chunk out of a $100,000 salary in the city.

How much money do you need to live comfortably on average?

With $60,000 a year or $5,000 a month, you can enjoy a pretty decent lifestyle. With around $126,000 a year or $10,500 a month, you can enjoy a lavish lifestyle.