Is an $80K Per Year Salary Good?

There is no right or wrong definition of a good salary. In reality, there are several factors you will need to look at before deciding whether the salary offer you receive is good or not. So, is an $80k salary good for you? Let’s find out.

Is an $80K Salary Good?

Yes, an $80k salary per year is considered a good salary for most people. It is more than the median household income in the U.S. of just above $70k per year, according to the U.S. Census Bureau. It is also on the higher end of the scale regarding salaries.

US Dollars and a white pen below a black notepad placed on a placemat

That said, there are many factors you will need to consider before deciding if $80K per year is a good income for you. Depending on your lifestyle, needs, living expenses, responsibilities, cost of living, and financial goals, an $80k salary may or may not be enough to cover your financial requirements.

How Much Is an $80K Yearly Salary per Hour?

To help you get a clearer idea of whether or not $80k is a good salary for you, I will need to break it into more relatable figures. So, if you are wondering how much an hour you will make with this salary, it is around $38.46 hourly wage (with no vacation time).

This is, assuming you work a full 40-hour week for 52 weeks, which is around 2,080 hours per year. If you divide this by $80k, you get $38.46. That is how much an hour you will make. Here is the full breakdown:

  • Yearly Salary – $80,000
  • Monthly Salary – $6,667
  • Biweekly Salary – $3,077
  • Weekly Salary – $1,538
  • Daily Salary – $308
  • Hourly Salary – $38.46

If you need a clearer picture of how much you will make or your hourly take-home pay, you should factor in things like holidays, health insurance, social security, and taxes.

Factors That Will Determine if $80K Salary Is a Good Salary

$80k per year might mean the world to one person yet be so little to another. It might be more than a $30K per year salary but definitely a lot lower than having a $200K salary per year. Ultimately, several factors will determine if $80k is a good salary:

  • The cost of living in your area
  • Your lifestyle and spending habits
  • Your debt situation
  • Your financial goals
  • Your financial literacy

The Cost of Living in Your Area

The cost of living in your area will greatly impact how far an $80k annual salary may stretch. For instance, if you live in an area with a higher cost of living, such as New York or San Francisco, you may need to make more money to cover the costs of everyday life.

On the other hand, earning $80,000 a year should afford you a good life if you live in a rural area.

Some of the best U.S. cities to live with an $80k annual salary include:

  • San Diego
  • Nashville
  • Columbus
  • Indianapolis
  • San Antonio

Your Lifestyle and Spending Habits

If you have expensive tastes with high monthly expenses, there may be better salaries to cover those purchases, such as earning $120K per year, which is almost double your salary. You will need to earn a higher income or reconsider your lifestyle choices.

On the other hand, earning $80,000 a year should enable you to live a comfortable life if you can live within your means.

If you feel like you need to earn more money, you can counteroffer the salary offer, look for a better job or start a side hustle in your spare time. Who knows, with the right negotiating salary tactics, you might bump your salary to a much higher $100K paycheck per year.

Your Financial Goals

If you have long-term financial goals, such as buying a home or investments, you might need help to reach those goals with an $80,000 annual salary. This is especially true if you have high expenses and live in an expensive city.

That said, you will need to analyze your current financial situation, income, and expenses to determine if the salary is enough to reach your goals and make ends meet.

You might have to renegotiate your salary or find a better job if it is not enough.

Your Financial Literacy

If you have a good understanding of money management and budgeting, you should be able to manage this salary and live comfortably.

However, if you lack financial literacy and have difficulty managing your finances, you will struggle to attain financial freedom even when making $80,000 a year.


The amount you pay in taxes will determine how much you bring home at the end of the month. The amount you pay in state taxes will be different depending on your state.

However, you will pay roughly the same federal taxes as those in your tax bracket. That is people making $80,000 a year.

A ballpen used by a person to write on a mini notebook beside a calculator and money

How to Manage an $80K Salary

Whether an $80k annual salary is enough for you or not, there are several things you can do to ensure that you are managing your money correctly.

Create a Budget

Creating and sticking to a budget is essential for anyone looking to manage their finances effectively. This will help you track your income and expenses and set realistic financial goals. Without a budget, it’s easy to overspend and leave you with inadequate funds.

There are a lot of resources, websites, and apps that help you budget your income.

Pay Down Debt

High-interest credit card debt can quickly eat up a large chunk of your salary if it’s not addressed correctly. So, if you have any high-interest debt, it’s best to pay it down as soon as possible to minimize the amount of interest you are paying.

If you need help figuring out where to start, you can use strategies to help you pay your loans faster. These include:

  • The debt snowball method
  • The debt avalanche method
  • Debt consolidation

Save for the Future

It’s important to ensure that you set aside good money for your long-term goals, like buying a home or starting an investment portfolio. Even if you can only set aside a small monthly income, it adds up over time and will be worth it in the long run.

Some strategies to help you save more money from your current salary include:

  • Setting saving goals
  • Using saving apps
  • Automating your savings
  • Shopping around before buying stuff
  • Always working with a shopping list
A person giving money to another person in the living room

Cut Unnecessary Expenses

Cutting unnecessary expenses such as daily coffee trips or expensive clothing can help you save money and stretch your $80k yearly salary even further. This allows you to use that extra money for more critical basic expenses, debt repayment, or investment contributions.

If you commute to work daily, you can also reduce your commute expenses by using cheaper public transport or moving closer to your workplace.

Related Questions

Can You Live In NYC for $80K a Year?

Living on $80K a year in New York City is possible. However, this will depend on your lifestyle and spending habits. You will require budgeting discipline and cutting unnecessary expenses such as eating out or shopping impulsively.

What Is the Average $80K Salary After Taxes?

The average $80k salary after taxes will vary depending on your filing status and deductions. Generally, taxes will be 10%- 22%, or $8,000 – $17,600, resulting in anywhere from $62,400 to $72,000 in take-home pay. To get an exact figure, it’s best to consult a tax accountant or use a tax calculator.


An $80k salary is good, depending on your financial situation and goals. While it may not be enough to cover all of your expenses or help you reach your financial goals quickly, there are several steps you can take to ensure that you’re managing your finances properly and making the most of your income.

Jared Bauman is the owner and editor of He has started and sold several companies, along with owning several investment properties. His interest in personal finance started as a young kid, developed through his entrepreneurial ventures and real estate investments, and continue through his conversations with friends and colleagues.

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