Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.

Key Takeaways. Annual compensation, in the simplest terms, is the combination of your base salary and the value of any financial benefits your employer provides. Annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform.

What are the factors that would determine if it is a good salary or not? “The median weekly earnings for full-time workers were $854 in the fourth quarter of 2017, according to the Bureau of Labor Statistics (BLS), which translates into an annual median salary of $44,408,” says Jill Gonzalez, an analyst at WalletHub.

If you’re single, $50,000 is a pretty healthy salary in some parts of the country. On the other hand, if you’re the sole breadwinner in a family of five, you may have a hard time on $50,000 annually. Either way, if $50,000 is where your salary stands, it pays to make the most of it.

As previously mentioned, a 50k salary is roughly $3,498 per month take home pay, not counting additional expenses. You’ll need to figure out your specific income situation, such as pre and post tax deductions or if you’re paid biweekly.

An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.

Assuming you work 40 hours every single week, you would be working 2080 hours per year. A person making $15 an hour would make about $31,200 per year.

Let me suggest a better phrasing: “Is $18 and hour, full time, a livable wage in San Diego, California” – the answer is NO. In most places in the country yes it is at present, a livable minimum wage.

50,000 a year is fine, and most people would say more than fine. I used to make 30,000 in the bay area and it was fun, but I had to be very conservative.

$18 an hour is $37,440 per year. 40 hours of work per week multiplied by 52 (the number of weeks in a year) equals 2,080 hours worked per year.

The folks at the personal finance site GoBankingRates.com looked at where a $100K income would be considered “good” in America’s 50 largest cities. Eight of the cities are in California, and it likely comes as no shock to those who live in the Golden State that $100,000 doesn’t go too far.

Originally Answered: Is 110K a good enough salary for a single person in Los Angeles? Yes! 110k$ will get you a very decent life in Los Angeles.

LA is full of good stuff, and 60k is absolutely liveable. I did it at that rate, just watch your debt. Its a fun city and 60k is just enough to make you think you have spending$$ when you really don’t. There’s good food everywhere – and fun to be had for every interest.

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. That’s according to the Living Wage Calculator created by Amy K.