How much is a 6-figure salary? Jobs to earn a six-figure salary –

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How much is a 6-figure salary?  Jobs to earn a six-figure salary –
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You’ve probably heard someone say they get a 6-figure salary. Maybe you get a six-figure salary.

But how much is 6 (six) digits?

What does it mean to earn six figures? Do you make good money when you make so much money?

What gives you a six-figure salary? Can this kind of income help you create wealth?

Simply put, 6 numbers mean your salary is between $ 100,000 and $ 999,999. If you earn more (i.e. $ 999,999), then you have a 7-figure salary.

Add another zero to seven, then you get an 8-figure salary (he, you have reached the status of a billionaire).

Even though a salary of at least $ 100,000 automatically puts you among the highest paid, it does not necessarily mean that you are rich.

There is a difference between rich and rich.

How much is a 6-figure salary?

6 digits is a number from 100,000 to 999,999. When someone says they have six digits, they can talk about their net worth or investment portfolio.

In terms of someone’s annual salary, adding (6) to six digits means you earn between $ 100,000 and $ 999,999 a year.

For example, if you earn $ 250,000 a year, you get a six-figure salary. On the other hand, if you earn $ 53,267.50 a year, even though it’s 7 digits, you’re actually getting a 5-figure annual salary.

If you have (7) a seven-figure salary, then you earn a million dollars. That’s big money !!

Getting a six-figure income will definitely put you among the best in the country.

Can you afford to live on a six-figure salary?

What 6 figures were in the 1950s is not what it is today. With inflation and rising costs, there has been a decline in the value of six-figure wages.

It depends on where you end up in the $ 100,000 – $ 999,999 range. Earning at least $ 100,000 may not be enough to live on if you have just graduated.

This is because you may have student loan arrears. You can also have very small or zero savings.

It also depends on your location.

In cities where the cost of living is high, such as New York, San Francisco and Los Angeles, you may find it difficult to pay bills with six-digit numbers.

While in a city like Akron, Ohio, where the cost of living is low, $ 100,000 may be enough to cover bills and save money at the same time.

Thus, the most affordable cities to live on with 6-figure wages will be in cities with low cost of living.

According to an article by Investopedia.com, some of the best cities in the U.S. with low cost of living but high wages are Houston, Dallas-Fort Worth, Charlotte, Denver and Austin.

In these cities, residents have the opportunity to earn competitive wages while enjoying a high quality of life due to the low cost of living.

So, if your goal is to earn a six-figure salary and be able to afford it, choose one of these cities because the cost of living is low and the potential for a high salary is high.

Jobs / Careers with the potential to earn (6) six-figure salaries

Now that you know how much is a 6-digit, there are certain vacancies that can guarantee you a six-digit salary. However, many of these high-paying jobs typically require a master’s degree.

In fact, graduate students often see an increase in their salaries.

If you want to earn a six-figure salary, think about investing your time in one of these high-paying career options.

According to the Bureau of Labor Statistics, the average weekly wage of full-time workers in the United States in June 2021 was $ 984, or $ 51,168.

While you can achieve a 6-digit salary target in multiple occupations, health care work is definitely in the lead, according to the U.S. Bureau of Labor Statistics.

This is because the aging population is growing, which then leads to greater demand for it. Other high-paying careers are law, business and engineering.

If you want to make a 6-figure salary, consider one of these high-paying careers.

1. Medicine – 6-figure salary

Those working in the medical field, especially doctors, typically earn a 6-figure income per year.

These include surgeons, doctors, dentists, orthopedists and other practicing health professionals.

The average annual salary of these doctors is $ 240,000. This high 6-figure salary, however, comes with a lot of training.

With the exception of nurses, paramedics, etc., doctors attend 4 years of undergraduate, 4 years of medical school, then 2 to 4 years of residency and possibly 2 or more years of scholarship / internship and other specialties.

1) Anesthesiologists – an average 6-figure salary of 261,730 dollars;

2) Surgeons – usually receive a 6-figure salary of 252,040 dollars;

3) Obstetricians and gynecologists: an average six-figure salary of $ 233,610;

4) Orthodontists: a typical six-figure salary of $ 230,830;

5) psychiatrists: $ 220,430;

6) Family Physicians: $ 213,270;

7) Internal Medicine Doctors: $ 201,440. According to the Bureau of Labor Statistics, GPs typically receive (6) a six-figure salary of $ 201,440.

8) Dental hygienists: According to the U.S. Bureau of Labor Statistics, while the average salary of a dental hygienist is about $ 77,090 per year, some hygienists earn more than $ 104,000 per year.

9) Anesthesiology nurses – average 6-figure income: $ 215,000.

10) Dentist: The average salary of a dentist is $ 164,010.

Those doctors who specialize receive even more income. For example, the average salary of a cardiologist is $ 409,000 (non-invasive) and $ 640,000 (invasive).

On average, orthopedic surgeons earn $ 626,000. Keep in mind, however, that the specialization adds an extra 2 hours in addition to the already long training.

2. Career / Work in Engineering is usually six digits

According to the Bureau of Labor Statistics, petroleum engineers receive an annual six-figure salary of $ 187,300. Petroleum engineers work in the oil and gas industry.

Their job responsibilities include researching, designing and developing various ways to extract fossil fuels from the ground.

To get this job, you will need to earn a bachelor’s or master’s degree in engineering.

3. Business and finance – 6-figure salary

The business and financial sector can guarantee you 6 figures. Jobs in this sector include financial analyst, budget analyst, personal financial analyst, management analyst, etc.

The average annual salary for these professionals is in the top 5-digit income, i.e. $ 80,000 to $ 90,000.

So many of these professionals do six-digit. To be in this field, you need bachelors in finance, economics or another related field.

Having a master’s degree and additional certification is even better, as it can guarantee a higher income.

Personal financial advisor

A personal financial advisor helps people with their finances, including helping with savings, investing and retirement planning.

According to the BLS, the average annual salary of a personal counselor was $ 89,330 in 2020.

Employment in this area is expected to grow by 5% from 2020 to 2030. Although growth is limited, on average, about 21,500 vacancies are opened each year for financial advisers.

4. A law career is a six-figure salary

His career as a lawyer is one of the highest paid in the country. According to the BLS, the average salary of a lawyer is $ 126,930 as of 2020.

To become a lawyer, you need to earn a bachelor’s and doctoral degree (JD), which is a 3-year graduate program.

Once you graduate, you must pass and pass the bar exam in your state.

5. Pilots and co-pilots of the airline

Other jobs that offer a six-figure salary are the aviation industry. According to the BLS, the average salary of pilots, co-pilots and flight engineers is $ 147,220.

To become an airline pilot, co-pilot and flight engineer, you need to earn a bachelor’s degree and have an airline pilot certificate.

6. Other high-paying professions

Other high-paying professions include executives ($ 185,950), computer and information systems managers ($ 151,151), architecture and engineering executives ($ 149,530), marketing managers ($ 142,170), and judges, judges (141 080 dollars).

The result

How much is a 6-figure salary? 6 digits means your salary is between $ 100,000 and $ 999,999. The surest way to earn a six-figure salary is to work in high-demand industries. These are healthcare, law, engineering, etc. However, keep in mind that this career usually requires graduate school. If you don’t mind spending some time in school, you should be on your way to earning a six-figure income.

Find your advisor

Finding the right financial advisor that suits your needs should not be difficult. The free SmartAsset tool connects you with trusted financial advisors in your area in 5 minutes. Each advisor has been tested by SmartAsset and is required to act on your behalf. If you are ready to work with local consultants to help you achieve your financial goals, start now.

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