Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cho Evelína on March 27, 2023
FTC Disclosure

Is $100,000 Per Year A Good Salary In 2023?

The concept of a "good salary" is relative and can depend on a variety of factors such as location, job industry, and personal financial goals.

In 2023, a salary of $100,000 is still considered a high income in many parts of the world, but whether it is a good salary or not depends on individual circumstances.

Where You Live

Location is a significant factor in determining whether $100,000 is a good salary or not.

In large metropolitan areas with a high cost of living, such as New York City or San Francisco, $100,000 may not be enough to live comfortably.

However, in smaller cities or rural areas, $100,000 can provide a comfortable lifestyle.

It is important to research the cost of living in the area where one plans to live to determine if $100,000 is a good salary.


Another factor to consider is the industry in which one is employed.

In some industries, such as finance or tech, a salary of $100,000 is considered entry-level or average.

However, in other industries such as education or non-profit work, a salary of $100,000 may be considered high.

Long Term Goals

Personal financial goals also play a role in determining whether $100,000 is a good salary or not.

If someone has significant debt or expenses, $100,000 may not be enough to achieve their financial goals.

On the other hand, someone with few expenses or debt may find that $100,000 provides more than enough income to meet their financial goals.

Final Thoughts

In conclusion, a salary of $100,000 can be considered a good salary in 2023, but it depends on individual circumstances such as location, industry, and personal financial goals.

It is important to consider all of these factors when determining whether a salary of $100,000 is a good fit for one's lifestyle and financial objectives.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Cho Evelína

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram