Often people wonder if what they are making is enough. You may be asking yourself, is $40,000 a good salary? And the answer really depends.
$40,000 per year salary is less than the average salary in the United States, Nonetheless, depending on the city you live in and your lifestyle, $40,000 may work for you. Furthermore, if you live in a low-cost area and don’t have many bills, $40,000 is a good salary. However, if you are well-established in your field and have a family to support, $40,000 won’t’ be enough.
If you are just starting out, $40,000 is definitely a livable wage, considering you will probably get raises along the way. If you factor in how many work hours are in a year, you will see you are making about $19 to $20 per hour, considering you are working a 40 hour work week.