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Written by Cho Evelína on March 27, 2023
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Is $100,000 Per Year A Good Salary In 2024?

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.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

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Industry

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.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

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
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.
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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.
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Fundrise
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.
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