What is a good salary for family of 4?

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What is a good salary for family of 4?

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 60k enough for a family of 4?

A family of 4 needs a minimum of $50,000/year to live modestly but comfortably. However, location and lifestyle choices will impact that significantly. In expensive states like California or New York, expect that number to be 2-3 times higher. You probably need at least $55,000 for a family of 4 to live comfortably.

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Is 60k a year middle class?

That’s right in the middle for the United States, but it ranks in the 91st percentile globally for a family of three, according to Kharas’s research, putting that U.S. family on the high end of the global middle class.

What is the hourly rate for 70 000 a year?

$33.65
A salary of $70,000 equates to a monthly pay of $5,833, weekly pay of $1,346, and an hourly wage of $33.65.

Is 60000 a good salary to live in Melbourne?

No, I think you will be struggling with that kind of wage in major cities like Melbourne. The average rent in Melbourne is around $400 per week, 60000–70000 annual salary means a take home pay around $800 to $1000. You may get some relief from the government in form of income support or you may qualify for community housing.

How much money do you need to retire comfortably in Australia?

It’s fair to assume that the average Australian might hope to live comfortably, if not lavishly, in retirement. The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $62,000 a year. It stands to reason then that a single person should be able to live more than comfortably on $60,000.

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Is $100k a year enough to live comfortably in Australia?

With just over $100k per year, you will be fine. You won’t be rich, you won’t be poor, I think you’ll be just what you say, which is comfortable. I think the average annual salary in Australia is still somewhere between $80 – $90k per year, so between you you will be above that.

Is it possible to live in Australia with children on single wage?

On paper yes, provided you own a house to live in and you are not interested in sending the children to a private school. If you had to pay rent or a mortgage you would be living very tight. The average single wage in Australia is approximately $89,000 per annum.

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