2006-12-31 14:33:28 · 19 answers · asked by bebot 1 in Business & Finance ➔ Personal Finance
To most people, yes - regardless where you live.
Several good points already made - in some areas, especially the larger cities, it is a middle class uincome and could make you be living month to month. In other areas, you will be comsidered upper middle class or even rich.
I like to watch this show on HGTV - it selects a money amount - $100,000, $200,000, etc and shows you different parts of the country and what kind of home you can get for that money. It's very informative!
2006-12-31 15:49:31 · answer #1 · answered by Anonymous · 5⤊ 0⤋
It depends on where you live. If you're living in New York or in much of California, and trying to send a couple kids through college, then it's OK but not a lot. If you're under 35 or so, then yes, it's a lot. If you live in the midwest, then yes, it is a lot.
The other thing - no matter where you are, if your spending is at a level of 90,000 income, then no, it's not a lot - but if your spending is at a 75,000 level, then yes, it's plenty.
2006-12-31 22:39:41 · answer #2 · answered by Judy 7 · 3⤊ 0⤋
Depends on the currency.......... it's a pretty healthy figure if in US Dollars, Canadian Dollars, Australian Dollars, UK Pounds or European "EURO's"....... not so if in currencies such as Indian Rupee or Japanese Yen.
For instance, a comparison via online currency converter http://www.xe.com reveals:
85,000 Japanese YEN currently is worth $714 (US Dollars)
85,000 Indian Rupees = $1,922.21 (US Dollars)
£85,000 (GBP) = $166,518 (US Dollars)
$85,000 (US Dollars) = 10,117,550.00 Japanese YEN
$85,000 (US Dollars) = 3,758,700.00 Indian Rupees
2007-01-01 07:52:52 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Average
2006-12-31 22:41:42 · answer #4 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋
It's a pretty decent upper middle-class income assuming the employee isn't putting in 80 hours a week to get it. Keep in mind it will go further in the Midwest than in California or New York.
2006-12-31 22:42:40 · answer #5 · answered by KC 4 · 3⤊ 0⤋
Depends. If you are the median U.S. family, and have $46,000 per year (as of 2005), it sounds like a lot. If you are in Africa, where the median income is less than $1,000 per year, it sounds like a fortune. If you are Barry Zito, and are earning $18 million per year, it probably sounds like a pittance. Depends on your perspective.
2006-12-31 23:43:13 · answer #6 · answered by Alan 3 · 0⤊ 0⤋
It really depends on how old you are, if you’re married, do you have kids, where you live, and your living expenses and lifestyle.
I would say that’s a good income for one person (not including spouses income), especially because most Americans annual salary are not nearly close to $85K a yr.
2007-01-01 00:22:08 · answer #7 · answered by UnknownJaneDoe 2 · 0⤊ 1⤋
Is that 85,000 cents, pounds or dollars?
2006-12-31 22:38:44 · answer #8 · answered by Anonymous · 1⤊ 0⤋
That's a lot of money according to me - it all depends on the life style that you're used to I guess.
2006-12-31 22:36:10 · answer #9 · answered by jenniferrnew 2 · 4⤊ 0⤋
In my city, yes.
In San Francisco or Boston, good luck.
2007-01-01 05:38:27 · answer #10 · answered by Anonymous · 0⤊ 0⤋