Salary a single person needs to live comfortably in Alabama (2024)

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Salary a single person needs to live comfortably in Alabama? ›

Alabama ranked 38th in the amount needed for a single person to live comfortably. The analysis showed a single working adult would need $83,824, or about $40.30 an hour. A family of four would need $193,606, the 44th highest.

The good news for Alabamians: according to a new study by GoBankingRates, the income needed to live a middle class lifestyle in Alabama remains below the national average. The study found the minimum income needed to qualify as middle class sits at $39,739 -- 41.4% lower than the lowest national figure.

If you make $75,000 a year, you're earning more than half of all workers in the U.S. And in fact, many people would probably consider the salary as good pay. After all, a $75,000 salary works out to around $6,250 per month, $1,442.31 per week, or $36.06 an hour.

The national median for living comfortably alone is $89,461, which suggests that a 50/30/20 budget might not be practical for most single people.

Alabama ranks number 38 out of 50 states nationwide for 80K A Year salaries.

Alabama ranked 38th in the amount needed for a single person to live comfortably. The analysis showed a single working adult would need $83,824, or about $40.30 an hour. A family of four would need $193,606, the 44th highest.

Alabama ranks number 51 out of 63 states for salaries on ZipRecruiter. As of May 24, the average annual salary in Alabama is $49,284. Just in case you need a simple salary calculator, that works out to be approximately $23.69 an hour. This is equivalent of $947 a week or $4,107 a month.

Is $80K a good salary for a single person? $80,000 is about $5,000 higher than the U.S. median household income, so many people would consider it very good for a single person. “Good” is always a relative term when it comes to salary; whether or not the amount you earn covers your expenses is a highly personal dynamic.

The average monthly expenses for a single person will depend quite a bit on where you live, and if you're living alone for the first time, you might be surprised that most things cost more, not just your rent. The national average expenses for a single person living alone are around $3,500 per month.

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

Is 100K a good salary in Alabama? ›

Alabama ranks number 47 out of 50 states nationwide for 100K A Year salaries.

With only a handful of cities paying above the average for Alabama, the opportunities for economic advancement by moving to a new location as a $50000 is a decision to make with some caution. Factoring in cost of living expenses should be considered as well.

As of 2022 (the most recent Census data), the average median household income in the U.S. was $73,914, meaning the national range for the middle class is roughly $49,271 to $147,828. Across the nation's largest cities, the range is between $51,558 and $154,590, according to SmartAsset.

The median income in Alabama is $47,385.

In 2020, according to Pew Research Center analysis, the median for upper income households was around $220,000 and the median for middle income households was slightly above $90,000.