How much is 6 figures a year (and 5, 7, 8, 9 figures)?

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Are you wondering what people mean when they say they make 6 figures a year? Or maybe you have a goal for yourself of bringing in a 6 figure salary but aren’t exactly sure how much that is.

Today I am going to tell you about what a figure means as it relates to your salary and what kind of jobs are out there that make 6 figures a year.

Since a 6 figure salary is quite a bit above the average salary in the United States, I am going to tell you about 5 figure salaries and ways to boost your 5 figure salary to help you get closer to making a six-figure salary.

I’ll also go over what 7 figures, 8 figures, and 9 figures mean as it relates to money.  

Let’s get started!

How Much is 6 Figures a Year?

Disclosure: This post may contain affiliate links.  If you click and make a purchase, I may receive a small commission at no extra cost to you.  As an Amazon Associate, I earn from qualifying purchases.  You can read my full disclosure here.  

How much is 6 figures a year? What is a 5, 6, 7, 8, and 9 figure salary?

What is a figure as it relates to someone’s salary?

You might be wondering what a figure actually is. A figure is just another name for a digit.

Look at each number in your salary and count the number of digits.  Don’t include the cents portion of a salary, just the numbers to the left of the decimal point.  

So if you make 35,000 you make a 5 figure salary.  If you make 35,000.50 per year, you still make a 5 figure salary because you exclude the cents.

Got it? Okay, let’s go a little deeper. 

How much is 5 figures a year?

A 5 figure salary is any yearly salary ranging between $10,000 and $99,000 a year.  Like I said earlier, just count the number of digits.

You may notice that this is quite a large range.  And you’re right.  There is $89,000 between the low end of a 5 figure salary and the high end of a 5 figure salary.

What is the average 5 figure a year salary?

According to CNBC, women earn an average of $45,084 annually between the ages of 25 and 34, $52,572 annually between the ages of 35 and 44, and $52,260 annually between the ages of 45 and 54.

Men earn an average of $50,076, $64,428, and $66,092 for those age ranges respectively.  

Notice how women’s salaries are lower?  And the average salary for women decreases between the 25-34 age range and the 35-44 age range?

See how the average salary for men increases between those same age ranges?

This is described as the gender pay gap.  Women tend to earn less overall than men and their peak earning age is lower than a man’s.

According to Forbes.com, women get paid about 80 cents for every dollar a man makes.  I am not going to go further in detail about that in this post, but you can check out the article here if you are interested in reading further. 

The best way to close that gap according to Forbes is to ask to be paid what everyone else in your job position with your experience is being paid, regardless of gender.  

Gender Pay Gap Bar Graph

What jobs make the average 5 figure salary?

Here are some jobs that don’t require a degree that pays around $50,000 per year (source):

Executive Assistant 

Salary: $51,976

What they do:  Report directly to senior management, coordinate the day-to-day communications with clients, prepare documents for team members, and schedule appointments and meetings.

Property Manager

Salary: $51,903

What they do: Deal directly with renters, leasers, and tenants, schedule maintenance and repairs for properties, collect rent and respond to tenant issues.

Retail Store Manager

Salary:  $44,437

What they do:  Ensure the completion of daily operations for the store, lead and supervise store employees, and address customer service issues with customers.  

Police Officer

Salary:  $53,567

What they do:  Work to protect and uphold the laws for the community.

Title Examiner

Salary: $46,579

What they do:  Research real estate and insurance documents to determine legal ownership of property.

Fitness Manager

Salary: $49,764

What they do:  Manage the daily operations of a fitness center, supervise fitness center employees, create exercise programs for clients.

Hotel Manager

Salary:  $48,961

What they do: Manage the day-to-day operations of the hotel, supervise hotel staff, initiate marketing programs for the hotel.

Food Service Manager

Salary:  $47,767

What they do:  Responsible for managing daily operations of food service establishment, lead and manage staff, handle customer service, ensure the business is profitable.  

Electrician

Salary:  $51,775

What they do:  Skilled trade worker who installs, repairs, and inspects wiring for lighting, panel circuits, and other electrical components

Emergency Medical Technicians

Salary:  $44,383

What they do:  First responders to medical emergencies, possess emergency medical technician certification

How Much is 6 Figures a Year?

How much is 6 figures a year?

So now you know a 5 figure salary is up to $99,000.  A 6 figure salary is anything between $100,000 and $999,999.  

When people say they make 6 figures a year, they are saying they make over $100,000 a year.  

How much is 6 figures monthly?

Someone that makes $100,000 a year makes around $8,334 a month before taxes and deductions.  

How much is 6 figures weekly?

Someone that makes $100,000 a year will make around $1,923 a week before taxes and deductions.  

How much is 6 figures per day?

There are a total of 261 working days in this calendar year (assuming a 5 day work week). That means someone that makes $100,000 a year would make $383.14 per day.

How much is 6 figures an hour?

In order to make $100,000 a year, you would need to make $47.89 an hour (assuming an 8-hour workday, 5 days per week).

Is six figures a lot of money?

It depends.  If someone makes $100,000 a year but spends most of it, then that person would probably think that it isn’t a lot of money.

However, if a person making that much money lives below her means, watches her spending, sticks to a budget, and saves much of what she makes, then $100,000 is plenty of money.  

Is 6 figures a good salary?

Again it depends.  Not only does it depend on the person, their lifestyle, and their spending habits, but it also depends on where the person lives.  

The cost of living varies greatly in our country depending on where you live.  New York City and San Francisco, CA are known to be 2 of the most expensive cities to live in (source).

A salary of $100,000 will not go very far in a city where the cost of living is high.  Someone that lives in a city with a high cost of living may need a much higher 6 figure salary.

But if a person makes a low 6 figure salary and lives in a city with a low cost of living, there would be a much higher likelihood of living quite a comfortable lifestyle (if the person is spending intentionally and living below their means).

Living in a city with a low cost of living is something to consider if you are trying to stretch your dollars.  Some cities that have a low cost of living relative to other areas of the United States are: 

  • Wichita Falls, TX
  • Fort Wayne, IN
  • Montgomery, AL
  • Toledo, OH
  • Oklahoma City, OK
  • Augusta, GA
  • Louisville, KY
  • Topeka, KS
  • Palm Bay, FL
  • Huntsville, AL

Learn more about these cities and other cities with low costs of living here

How Much is 6 Figures a Year: is it a good salary?

Jobs that make 6 figures a year that require a college degree

Many jobs that pay a 6 figure salary require a college degree and are highly skilled jobs. 

Here are some examples of those types of jobs that pay a 6 figure salary (source): 

  • Anesthesiologist $261,000
  • Surgeons $252,000
  • Chief Executive Officer $193,850
  • Nurse Anesthetist $181,000
  • Petroleum Engineer $156,000
  • Computer and Information Systems Manager $156,000
  • Marketing Manager $149,000
  • Lawyers $145,000
  • Human Resource Manager $129,000
  • Pharmacist $125,000

Jobs that make 6 figures without a college degree

Even though many jobs that pay 6 figures a year do require a college degree, there are jobs out there that pay 6 figures that you don’t need a degree for.  

However, those jobs still require training and job experience.  

Here are some jobs that pay 6 figures without a degree, according to Indeed.com:

  • Senior Consultant $96,952
  • Senior Web Developer $98,811
  • Risk Manager $100,759
  • Sales Director $101,000
  • Senior Account Manager $101,000
  • Director of Operations $102,753
  • Account Executive $103,391
  • Product Manager $104,000
  • Senior Sales Executive $114,500
  • Pilot $114,000
How much is 7 figures (stacks of money piled up)

How much is a 7 figure salary?

A 7 figure salary is a salary between $1,000,000 and $9,999,999.  Someone that earns 1 million dollars up to just under 10 million dollars earns a 7 figure salary.  

How much is an 8 figure salary?

8 figures is between 10,000,000 and 99,999,999.  So an 8 figure salary refers to making 10 million dollars to just under 100 million dollars.

How much is a 9 figure salary?

9 figures is between 100,000,000 and 999,999,999.  A 9 figure salary refers to making 100 million dollars to just under 1 billion dollars.  

Check out this chart for a quick recap on 5 figures, 6 figures, 7 figures, 8 figures, and 9 figures per year!

How much is 6 figures a year? 5, 7, 8, and 9 figures a year?

Now that you know what 5, 6, 7, 8, and 9 figure salaries are, let’s talk about ways to boost your income!  

How to increase your income to make closer to 6 figures a year

Just because you don’t make 6 figures a year doesn’t mean you can’t increase your income to bring it closer to 6 figures and live a more comfortable lifestyle!  

The way to make more money is to take action.  Because if you don’t take action, nothing will ever change!

Sure, you might get your couple of percentage point raises every year.  But in order to truly make more money so you can live more comfortably, you can’t be a bystander.  

So here are my top 5 favorite ways to take action and increase your income!

Blogging

The reason that blogging is my number one way to increase your income is that it is super cheap to start a blog.  I honestly can’t think of any other business you could start that would be cheaper than blogging.

Now, blogging definitely won’t make you rich overnight.  Nor will it make you rich in 6 months (at least for most people that don’t know what they are doing at first like me!).  

But if you remain consistent and persistent, there is sooo much money-making potential!  Check out this article in Forbes about this well-known blogger that makes over 6 figures a year while sailing a luxury sailboat!

Michelle’s story is incredibly inspiring.  Plus she has tons of fantastic information on her blog.  You can check it out here.  

So if you have a hobby, talent, or something that you are knowledgeable and passionate about, blogging could be a great side hustle for you.  

Like I said earlier, blogging is so cheap!  You can start your blog for as little as $2.95 a month through Bluehost.

Bluehost is the hosting service I use and love.  If you are thinking about starting a blog, you should definitely consider Bluehost.  They also include a free domain name for the first year.

Check Bluehost out here.  

Boost your income to make 6 figures a year by blogging

Become a reseller

Another one of my top ways to make extra money is by reselling.  Reselling is just buying used or second-hand goods and selling them for profit.  

My husband and I used to be a reselling team a few years back.  We started it because we wanted to make extra money when both of our boys were in daycare at the same time.

If you have (or had) kids in daycare, you certainly know how expensive it is!  Money was pretty tight back then.  I mean geez, our daycare bill was more than our mortgage payment! 

Totally ridiculous, but unfortunately necessary as we both work full time. Living on one income was not an option for us (if only my 20-year-old self knew then what my 40 something-year-old self knows now…).  

Anyway, many people make a full-time income from reselling!  It is definitely a decent side hustle for making extra money.  

The one drawback (and the reason we stopped doing it) is that you have to find time to source items to resell.  And sourcing items can be quite time-consuming.  

We used to spend so much time looking through thrift shops and garage sales.  Until we didn’t have that time anymore when our kids started school and playing sports.  

But if you have some extra time to spend sourcing items, this could definitely be an option for you to increase your income!

Sourcing the items is by far the hardest part (but the most fun part!).  The easy part is listing and shipping the sold items.  

Oh, and by the way, we primarily sold on eBay.  I also sold some items on Poshmark.  But there are other platforms you could try out too! 

Boost Your Income by pet sitting (dogs sitting along pink wall)

Turn your hobby into a side hustle

If you have a hobby, you could totally turn it into a side hustle to make extra cash!  Think outside the box to figure out how to turn your passion into a money-making machine.  

For example, could you sell your services?  Could you make a product to sell?  Could you teach others how to do your hobby or talent?

Here are some more specific examples:

  • Excel at a particular sport? Give private lessons, become a coach, or become a referee.
  • Love to bake or decorate cakes?  Sell your goods, make wedding cakes or birthday cakes, offer classes to teach people your skill.
  • Have a good eye for design?  Sell your design services, start a blog on design/decorating, find a second job as a designer
  • Awesome at DIY?  Sell your DIY services, flip furniture, teach people your skill, start a DIY blog
  • Love dogs?  Become a dog walker, dog sitter, dog groomer, or dog trainer

You get the idea!  Brainstorm a way you can turn your favorite pastime into a side hustle to earn extra income.  

Ask for a raise

As I said earlier, being passive about your money situation is not going to get you anywhere.  Why not increase your income to get it closer to 6 figures by asking your boss for a raise?

The worst that can happen is that you will get a no for an answer.  

But if you back up your request with all the ways you are an awesome employee, it will make it so much harder for them to say no.  

If the answer is still no and you don’t feel you are getting paid what you are worth, you might have some deep thinking to do…

Hunt for a better paying job

Gone are the days when people stay at one job for 40 years. 

If your employer is not a good fit for you, you are miserable at work, or you aren’t getting paid what you are worth (and they won’t give you a raise), it may be time to search for another job.  

Increasing your income by finding a higher-paying job will do wonders to boost your financial situation, as long as you don’t succumb to lifestyle creep (aka lifestyle inflation).    

Lifestyle creep is when you increase your spending as your income increases. As you can imagine, it’s really bad for your financial situation. Lifestyle creep makes it difficult to pay off debt, save money, and reach your financial goals.

It makes it nearly impossible to achieve financial wellness and financial independence.

Finding a higher-paying job was how I boosted our income back when we were in our 20’s. That one strategic financial move allowed us to pay off a boatload of debt and save 20% down for our current home.

If you have gained experience in your field, but are still at an entry-level job making entry-level pay, consider putting your feelers out to see what you could make somewhere else.  

You could always take that information back to your current employer to point out what you are really worth in order to negotiate a higher salary.  

Final thoughts on the question “How much is 6 figures a year?”

Making 6 figures a year is a goal for many people.  However, making 6 figures a year is not enough to ensure financial stability and financial wellness.

It also matters how you manage your money.  Achieving a goal of making 6 figures, but then increasing your spending and succumbing to lifestyle creep is not going to help you achieve a better financial situation.

The key to achieving financial wellness is increasing the gap between your income and expenses.

Keeping your spending in check, living below your means, and saving for your future will help you achieve financial wellness, and eventually financial freedom.

And even if you don’t ever make 6 figures a year, you can still live a life free from debt and financial stress.

You will need to take action and adapt or modify how you are using your money to make your money work harder for you so you can live the life you always dreamed of.  

What is your favorite way you have made extra money? Please let me know in the comments!

How Much is 6 Figures a Year? 5 Awesome Ways to Boost Your Income
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