Income Level to be Well Off

Mar 12, 2012

Q. What annual income level would you say was the minimum to be “well off” for a single person?

What annual income level would you say was the minimum to be “well off” for a family of 2 parents and 2 children?

Single Person

Family

 

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

$40,000

9%

15%

7%

5%

1%

2%

*

1%

$60,000

26%

28%

31%

23%

6%

13%

5%

2%

$80,000

28%

25%

27%

33%

15%

21%

17%

10%

$100,000

19%

15%

20%

24%

17%

19%

19%

15%

$120,000

7%

5%

6%

9%

16%

12%

19%

17%

$150,000

3%

3%

3%

5%

21%

16%

18%

29%

$200,000

1%

*

1%

1%

12%

5%

14%

18%

$300,000

1%

2%

*

1%

3%

3%

2%

5%

$500,000

*

*

1%

2%

3%

1%

1%

$1 million

1%

1%

1%

1%

1%

1%

1%

Don’t know

5%

6%

4%

1%

5%

5%

4%

1%

median

$69,000

$63,000

$67,000

$73,000

$111,000

$93,000

$107,000

$123,000

63% think that a single person earning $80,000 would be considered “well off”. The average (median) minimum income for a single person to be considered “well off” was $69,000.

55% think that a family earning $120,000 would be considered “well off”. The average (median) minimum income for a family to be considered “well off” was $111,000.

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