Is 42k A Good Salary?

Can you live off 40k a year?

You may only earn $40,000/yr this year, or it might be your income for the next several decades.

There are certain financial realities that exist at a $40,000/yr household income level.

You will likely have a number of friends who earn more money than you do.

Is 40000 pounds a good salary?

40K is definitely good enough to support yourself, live relatively comfortably. The tax will take quite a good percentage off that which is quite a pain. I guess it won’t be enough to support a family very well if you live in the central London area, or higher investments like buying a house.

Can you live on 30000 a year?

And this should include your utilities and other monthly home expenses such as homeowners or renters insurance. This means to live on $30,000 a year you would spend no more than $625 to $750 a month for housing. You should spend about 18% of your income on transportation whether you drive, take the bus, train or a cab.

Can a family of 4 live on 60000 a year?

“No way can a family of 4 live modestly on 60k. They couldn’t even live modestly on 60k after taxes. A family of four will not have that large of a tax burden at $60k of income, especially if they own a house.” Still other commenters mentioned high child care costs.

What jobs pay 35k a year?

​7 Middle Income Jobs That Pay Over $35,000

  • ​1. Electrician.
  • Computer Support Specialists.
  • Medical and Clinical Lab Technicians.
  • Wind Turbine Technicians ​
  • Industrial Machinery Mechanics.
  • ​6. Environmental Engineering Technicians.
  • Dental Assistants.