Is 60K a year good 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.

Is 60K a year good for a family?

Consider a long-term career change In some cities and states, a budget for family of 4 making 60k works great. However, if you’re in a bustling metropolitan area like Austin, New York, San Francisco or other similar areas, you’re likely finding it very hard to get ahead.

Is 60 000 a year a good starting salary?

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.

Is it hard to live off of 60k a year?

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

Can you live in NYC on 60k?

In short, 60k annually won’t give you a lot of comfort but it will be enough to live in NYC.

Is it possible to live off of $60k a year?

Even though it might sound challenging for some, it’s more than possible for you to live off of $60,000 per year with some careful management. After all, let’s not forget that earning $60k a year is good in most areas! This means it’s more than possible to live off $60k a year.

How much does it cost to live in the US?

Under one grand. All but one of the top 10 cities in our study (Omaha, Nebraska) have median housing costs of less than $1,000 a month, or $12,000 a year, representing less than 20\% a $60,000 income. 1. Sioux Falls, SD

How much money do you need to afford to live comfortably?

According to a new report by GOBankingRates on the salary you need to afford living, out of the 60 largest cities in the U.S., you can live comfortably in only 13 of them earning an income of $60,000 a year or less.

Where is the best place to live with a 60k salary?

1. Sioux Falls, SD The best city to live in on a $60,000 salary is Sioux Falls, South Dakota, according to the data we analyzed. Sioux Falls comes in sixth overall for two of our nine metrics: average commute time (17.4 minutes) and poverty rate (8.6\%).