What does "6 figures" mean? (2024)

FAQs

What does "6 figures" mean? ›

Earning a six-figure salary means you make an annual income between $100,000 and $999,999, which is far above the average salary of $53,490, according to the Bureau of Labor Statistics (BLS). That's a huge difference, no matter how you look at it!

A six-figure salary is anywhere from $100,000 to $999,999. It's called a “six-figure salary” because every number in this range has six digits.

How much does a Six Figures make in California? As of Jun 11, 2024, the average annual pay for the Six Figures jobs category in California is $96,178 a year. Just in case you need a simple salary calculator, that works out to be approximately $46.24 an hour. This is the equivalent of $1,849/week or $8,014/month.

After all of your hard work, you are rewarded with more zeros on your paycheck. However, one thing to keep in mind is that those zeros do not necessarily add up to a rich life. Most consider a six-figure annual salary to be the epitome of their earning potential. But many never reach those earnings.

Six figures can be anywhere between $100,000 – $999,000. Depending on where you live, six figures is considered rich by many people's standards. A top 1% income earner in America makes about $470,000 a year nowadays. Further, it takes at least $3 million to be a real millionaire now thanks to inflation.

A seven-figure job refers to the number of digits listed in your salary. This includes people who earn anywhere from $1 million to just under $10 million per year. Many people may consider this salary range to be well above average.

In six cities — California's Sunnyvale, Fremont, San Mateo, and Santa Clara; Bellevue, Washington; and Highlands Ranch, Colorado — you need a household salary of more than $101,000 to be a middle-earner. A six-figure salary would put you among the upper class in the 10 cities on the opposite end of SmartAsset's list.

How much is your salary? $100 hourly is how much per year? If you make $100 per hour, your Yearly salary would be $208,000. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

While ZipRecruiter is seeing annual salaries as high as $173,000 and as low as $109,000, the majority of 1 Figure salaries currently range between $167,000 (25th percentile) to $173,000 (75th percentile) with top earners (90th percentile) making $173,000 annually across the United States.

How much is your salary? $50,000 yearly is how much per hour? If you make $50,000 per year, your hourly salary would be $24.04.

Is Six figures impressive anymore? ›

"The phrase 'six-figure income' as something to aspire to was coined in the '80s. Maybe earlier. Making $100,000 a year back then was the equivalent of making about $300,000 now. Making $100,000 now is the equivalent of making $30,000 back then: middle class and not particularly comfortable.

What Percent of America Makes Six Figures? When you remove demographics such as infants, students, and stay-at-home spouses and focus only on full-time workers, around 18% of all earners in the US make at least six figures. Conversely, the median American household income in 2023 was approximately $44,225.

How Many Americans Are Living Paycheck to Paycheck? A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually.

A $100,000 salary may be considered middle-income in many parts of the U.S., but it's no longer a ticket to the middle class.

While ZipRecruiter is seeing annual salaries as high as $173,000 and as low as $109,000, the majority of 3 Figure salaries currently range between $167,000 (25th percentile) to $173,000 (75th percentile) with top earners (90th percentile) making $173,000 annually across the United States.

Meaning of six-figure salary in English

a salary of between 100,000 and 999,999 pounds, dollars, etc. a year: As a lawyer she can earn a good six-figure salary.

In the realm of personal finance, a four-figure income translates to earning between $1,000 and $9,999, typically every month. For example, someone making $4,500 per month falls into the category of a 4-figure income.