You may have heard of people earning 6 figures, 7 figures, 8 figures and up to 9 figures of income per year. And, maybe you are curious to know “how much is the 6 figure income?” in detail.
If so, you have come to the right place.
Here, we will clarify all your doubts related to 6 figure income. Like “How much is 6 figures?”, “What is the meaning of 6 figure salary?”, ” Is 6 figure income enough for good living?”, “Why do people brag about making 6 figures?” and much more.
In addition, we will also share some of the best ways to generate 6-digit income with or without a college degree. So let’s start.
How Much Is 6 figure?
Any amount with six digits is called 6 figure income. For example, $100,000 is 6 figure income because the number of digits in $100,000 is 6.
But that does not mean that $9,999.99 is a 6 figure income. This is because no number after the decimal place is counted in the figures.
Only Income between $100,000 to $999,999 is considered a 6 figure income.
Here is a list of six-figure income with its range:
|Low 6 Figures||$100,000 – 199,999|
|Mod 6 Figures||$200,000 – 399,999|
|Med 6 Figures||$400,000 – 699,999|
|High 6 Figures||$700,000 – 999,999|
We do not consider income below or above this range a 6 figure income.
What is The Meaning Of 6 Figure Salary?
If someone earns more than $100,000 per year from his job, we consider him/her as a 6 figure salary earner. But, most people are wrong about the six-figure salary. They think earning six figures means making $100,000+ in a single month which is not true by the way.
If a person talks about six figure salary, he/she is talking about their annual salary, not monthly. This is something you had to keep in mind.
A study conducted in USA shown that as households make more money, their happiness will increase. However, there is a point that your overall happiness stops increasing. Basically, you hit a wall.
And, that wall is $75,000. This does not mean that lifestyle does not become easier or better after this number. What it basically mean is that every dollar before that made you much happier than every dollar after.
How to make 6 figure Income?
You can make 6 figure income from:
Not only this, there are hundreds of other ways to generate 6 figure income. But, the problem is, they require a lot of investment and are difficult for ordinary people like us to start.
Here are some articles that can help you make 6 figure income from your home:
Is 6 figure Income enough for good living?
Well! it depends.
If you are living in an expensive city and your expanses are too high, then 6 figure income is nothing for you.
But, if you live in a rural part then earning 6 figures may be more than enough for your living.
So in short, it all depends upon how you use your money and how frugal you are.
How Much Is 7 Figures?
Any amount that has seven digits or figures in it is called 7 figure income. 7 figure income ranges from $1,000,000 to $9,999,999. Meaning, the same rule applies here too. You had to count single digits as figures.
How Much Is 8 Figures?
Any amount that has eight digits or figures in it is known as 8 figure income. 8 figure income ranges from $10,000,000 to $99,999,999. Mostly, businessmen are found to be touching 8 figure milestone.
How Much Is 9 Figures?
Any amount that comes in between $100,000,000 to $999,999,999 is called 9 figure income. And, it is almost impossible to earn this much money.
For your kind information, only 9% of the American population earns 6 figure income per year. But, that doesn’t mean you can’t be among them.
These figures are just a numbers, and everyone can get to these numbers easily.
But, to reach 6 figures milestone, you need hard work, dedication, patience and proper knowledge.
So, are you ready to be in that 9%?