is 72k a good salary in california

The poverty rate in the state is 12.6% which is quite high. When you get a job and you are making about $16 an hour, making over $72000 a year seems like it would provide amazing opportunities for you. That's about 50% higher than the national average. include Alameda, Alpine, Los Angeles, Marin, and Orange. Answer (1 of 7): First of all, let's agree that "living comfortably" is a relative and extremely subjective term. The poverty rate in the state is. Three Ways to Teach Your Kids to Save Money, Formula for Small Business Success: Stick With What You Know, For Best Tax Savings, Year-Round Tax Planning Is Essential. Lawyers may work in a group practice or their own office. This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. As such, if youre starting to get the idea that maybe youre not actually on a good salary or even if you think that you could do better elsewhere considering a job change can be a great idea for your finances. With more than 10 years of experience in the financial and legal industries, bachelors and masters degrees in these fields, as well as her own journey in turning $60,000 in debt into a thriving investment portfolio, shes committed to helping others get on the path to financial freedom. in California for a single without children or dependents. A general aerial view of San Francisco is seen in San Francisco, California, U.S., October 5, 2017 REUTERS/Stephen Lam What a $75,000 NYC salary is equivalent to: $ 96,684 24. According to the US Census Bureau, the average annual salary in the US is $102,316, equating to $1,967.62 per week. A two-bedroom apartment in the state costs an average of about $1,960 per month compared to $1,280 nationwide. But itll depend on other circumstances too. More than 51 million Americans filed for unemployment within 17 weeks in 2020 at the onset of the pandemic. Monthly withholdings on a $72,000 salary: Given you file taxes as a single, your monthly salary of $6,000 will result in take-home pay of $4,562. As a tax-payer, resident of California, you have to pay. What is a good salary for a single person? They need skills in negotiation, data analytics, and communication. In 2015, the state reported a range of unemployment from over 3% to nearly 12%, with the highest rates in the Central Valley. But as an overall benchmark (and noting that were looking for good here, not just above average), the median household income of $70,784 is certainly something to strive for as a good salary for a single person. The Tax Calculator allows you to enter specific details including your filer status, number of children, different states, your retirement funds, any withholding so amounts, FICA and other elements that support a more detailed tax calculation.

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