Pardon my ignorance is $49,000 a year a good salary?

Question

could i survive ? could i go beyond the basics?

Answer 1

in most parts of the country, it's enough to live on.

exceptions might be NYC, LA, etc.

Answer 2

Sounds good to me. But it depends on how you budget, and somewhat on the cost of living where ever it is that you live. I know you could survive and go beyond the basics if you do it right. By the way, you aren't ignorant for asking.  It's actually a very good question.

Answer 3

that's like 4 times more than me.

Answer 4

It depends on your living habits. My family loves to travel and spend time together. Combined we make $84,000 and we get by. Now a family that deosnt do much, $84,000 is alot of money. I would say for a single person, $49,000 is good pay. Keep in mind your cost of living. If you live in a big city then you will need to make more than someone who lives in a small town.

Answer 5

Depends on how much you're spending.

Start w/  the 49k.

Take out taxes.

Take out a years rent.

Car insurance, car payments, a monthly gas stipend.

Utilities and credit card bills...

how much do you spend on food a month...

ect.

Just add up your expences and subtract from your salary. That's how much you'll have left for other stuff.