Is 20000 a good salary per year?

Answer 1

A good salary can be defined by how the money you receive meets your needs. If you are able to meet your basic survival needs and buy some extra things you like, it may be a good salary for you. The most important thing for you to do to help manage your $20,000 salary would be to develop a budget and live within that budget, including setting aside an appropriate amount of savings for your future and for special items you would like to buy.

The 2009 US guidelines say a single person should be able to survive on $10,830 per year (Federal poverty guideline for 48 contiguoous States and District of Columbia). Based on that criteria, $20,000 could be a good salary per year.

This is a good question for further discussion. Please add your comments in the discussion area.

Answer 2

A salary of 200,000 per year is excellent money. That averages almost 100 dollars per hour for a 40 hour week.

Answer 3

$40,000 is enough to get by if you don't have much debt. $200,000 is a lot of money to make a year.