is 70k a good salary for a single person

Thus, you can live extremely comfortably on $70000 per year. Compare that with a major in the health field, which has a median wage of $53,000 at ages . So to get a more accurate estimate of your home buying budget, use a mortgage calculator with taxes, insurance, and PMI included. . When Obama was president, he considered single people making over $200,000 to be rich. A financial emergency would sink their ship in a hurry. If you live in a city with a high cost of living, like New York or San Francisco, your 70k salary might not go as far as it would in a smaller city or town. Monthly health insurance premium: $600 (including spouse and child) Relationship status: Married. What does a 70 000 salary look like? Published 28 February 23. Salary. You can also simply speak with a loan officer. Many people argue that its hard to quantify a 70K dollars annual salary unless you know how much you earn an hour. For example, someone who lives in Wayne, Berrien, or Jackson County in Michigan is highly likely to live more comfortably than someone who lives in California or Washington DC. If your earnings are higher than the median income where you are, then youre probably on a decent income for a single person in your part of the country. The problem with money seems to have always been the same, though. Here are the most recent median earnings differences by degree, according to race and gender, compiled by the National Center for Education Statistics. On the other hand, earning that same amount wont hit the target for what is a good salary for a single personin California, as youre going to struggle. You can check adviser records with the SEC or with FINRA. In todays economy there are plenty of high-earning poor, and the number keeps growing. This $70,000.00 Salary Example for Texas is based on a single filer with an annual salary of $70,000.00 filing their 2023 tax return in Texas in 2023. Always check your credit history and score before applying for a mortgage. Imadethisupwithnoforethought ( 14676) "Great Answer" ( 2 ) Flag as . So how much money does a single person need to live comfortably? If your monthly expense is more than what you earn, youre living beyond your means and its therefore necessary that you cut on the non-essential spending. Community Manager for Apartment Community- $60-$70k base ($85k+ with bonus) About Us: Greenline Apartment Management owns and manages apartment communities in Houston, TX and Oklahoma City, OK. Greenline strives to provide high-quality and efficiently run housing. Various levels available - 40k - 70k. 4. Published 28 February 23. Ultimately, the most affordable metro area was St. Louis, where a salary of $46,864 is enough to satisfy the 50/30/20 rule. People never feel like they have enough even when they earn more. Thats why most buyers choose 30-year loan terms, even though this type of mortgage costs more in interest over the life of the loan compared to a 15-year loan. There is more to a good salary than the amount of your yearly pay. Better be prepared to live in an area that your car gets frequently broken into.