It would be pretty good if you're in your early 20's and wages are expected to grow, which they should obviously. If you were early to mid 30's with any kind of debt (besides reasonable mortgage) it would be pretty poverty assuming you were also trying to invest for future retirement, which you should.

75K
-25K Taxes
-20.5K retirement
-20K mortgage/escrow pmts.
Leaves very little room for anything else after the other expenses are factored in on top (Phone, utilties, food, insurances)

It depends on the person. My younger brother is in medical school, is studying to become a radiologist(they earn about 400K on average), and once told my older brother that 100K was "nothing" and that earning $70,000 is not enough to buy a house.

Another person would think that 75K is rich.

It just depends.

Thought it would be good before I was making that much, but now, its whatever.

Still a fukin peasant

I'm making about 80k/year right now and I'm putting thousands away each month after bills, retirement, etc.nah they're just crypto****s thinking they are "basically" billionaires.lol I got a bro lives in a crap neighborhood. His house was 180k when he bought it ~5 years ago. His mexican neighbors have some $50k SUVs in the driveway. They also bought a CTS-V that they have to park in the street because no room in the driveway. Just fking lol at that chit.

Pre-Biden $75k was GREAT

Post-Biden its poverty level

It depends where you live.

Not anymore. With so many companies hiking wages due to labor shortage if you're not making at least 120k/year you will be left behind srs.

You can live comfortable on 50k a year. I live on that with my VA disability and I do NOT WORK unless I want to. I could easily make 75k a year working a low paying job plus my disability payments.

75k is good for a SINGLE man if you're smart with it. You will struggle trying to raise a family with that income though

I could live like a King on that salary, srs.

Yes, especially if you live somewhere like the midwest

thats the lowest you should go

but if you can work remotely then move to a cheap country and maxxx

It's a solid salary - pay no attention to the mentally ill liars and frauds that populate the misc

5yrs ago id say it was "good"

Now id say its barely above average / necessary because of inflation.

75k is the new 50k

Basically if you make $65k+/yr in most areas, you're above average for individual incomes.

That said, being close to average gets you your CoL, maybe some leisure/vacations, but not much savings after that. You should make enough versus your CoL to not only live a fun life of vacations and toys, but savings on top of that. In Tampa that probably looks like $85k+ if I had to guess. Though with inflation and rent going crazy might be $95k+ soon.

Truth. It's easy to justify in your head that you can make the payments so you can afford it especially when you want something. Also easy to justify that the interest you pay is basically "rent" for the portion you haven't paid for which isn't all that bad but then when it is a depreciating asset it gets kind of ugly. I've fallen into it myself and gotten out of it and although there have been times I have had to go without it's turning around fast. I took advantage of this car market and sold my truck.

I work at a car dealer and I see how nasty it is first hand. Most people have a car payment just as a permanent part of their budget like rent/mortgage or utilities. They finance a car, and choose by payment amount. They extend it out more payments over a longer period of time. Now they are doing 6-7 year loans on cars. All they budget is the car payment so they can't afford to really maintain the vehicle. They don't take care of it so they end up having problems with it and trade it in before it's paid off, sometimes still owing more than it's worth which leads to higher interest on their next loan, even if it's lower than the first loan, it would be less if they weren't upside down.