When it comes to figuring out how much money you need to be happy, there are a lot of different opinions out there. Some people say that you only need $20,000 a year to be happy, while others say you need closer to $100,000. So, what’s the right answer?
Well, the truth is that $55,000 is the median salary in America. That means that half of the people surveyed make more than $55,000 a year and half of them make less. So it seems like a good place to start our calculations.
At $55,000 a year, you should be able to pay all your bills and have money left over for at least some improvement.
55 000 a Year is How Much an Hour?
Now, we need to figure out how much you’ll be working and what your hourly wage will be.
Since $55,000 a year is more than twice the federal minimum wage, that means that it takes at least 2 full-time jobs to make this kind of money. So if you’re planning on working 40 hours a week at this salary, you’ll be bringing home around $11.30 an hour.
I know that doesn’t sound like a lot of money for 40 hours worth of work per week, but it’s actually more than the majority of Americans make.
What is the Average Annual Salary in America and How Much Could You Make with $55,000?
According to the Bureau of Labor Statistics, the average salary in America is around $47,000. Well, that’s still a pretty good starting place for figuring out how much you could make with these hours.
The question then becomes: can you get paid this kind of money? The answer is that, yes– if you’re willing to move to a high-cost city.
In order to get an idea of what your salary could be in different parts of the country, we gathered data from Salary.com on the average annual salaries for specific jobs in different states.
How Much Money Should I Expect My Annual Salary to Be?
Now that we know how much you can make hourly and what the average salary is in your state, it’s time to put it all together.
If you’re looking for a job that will pay $55,000 a year, you’ll need to be making around $27 an hour. However, if you’re willing to move to a high-cost city, you could make an annual salary of up to $75,000.
And that’s just the average! With a little bit of research and some hard work, it’s definitely possible to find a job that will pay you more than $55,000 a year.
So, if you’re looking for a change and want to find out how much you could make with $55,000 a year, it’s time for you to decide if the grass is really greener on the other side.
What are the Ways I can Earn an Annual Salary of $55K in America?
There are a lot of different jobs out there that will pay you $55,000 a year, but some of them require more training or education than others.
For example, if you want to be a dental hygienist , the average salary is around $62,000 per year. However, it takes approximately 2 years to become fully certified.
However, if dental hygiene isn’t your thing, don’t worry! There are plenty of other jobs that pay just as well.
Conclusion
You’ve seen what the average annual salary is in your state and how much you could make hourly. So, now that you know all of this information, it’s time to decide: Do I want to try and change my life?
If so, start by doing some research on different jobs that pay $55,000 or more and see what the requirements are. Get your resume together and start applying!
