How Much is 6 Figures? Easy definition and breakdown
Have you heard the term "6 figures" thrown around, but often wondered how much is 6 figures in salary or money really?
Well look no further, as we will share a clear definition and mathematical breakdown of six-figures, 7 figures, and 8 figures in this quick article below.
How much is 6 figures?
"6 figures" simply refers to any number between $100,000 to $999,999 in the application of salary or money. So a "6-figure salary" means at least $100,000 per year, or $8,333.34 per month, but less than $1 million per year.
How to Make 6 Figures
There are many paths to earning 6 figures, take a look at the official U.S. Bureau of Labor Statistics to see statistics on employment and wage.
You can either choose a high-paying field like software engineering and development, or you can start a business.
I personally reached a 6 figure income by building my affiliate marketing business.
Average Age to Make 6 Figures in the US
Most 6-figure earners in the US are between the ages of 35 to 54, but some can start as early as their twenties.
Please note that there is a distinction between household income and individual income, and it is easier to reach 6-figures as a household than by yourself.
Is a 6 figure salary good?
Yes, earning over $100,000 per year is well above the national average salary (according to SoFi) of $60,575. This extra income should make basic living expenses less of an issue, allowing people to save extra income for retirement faster.
How much is 7 figures?
"7 figures" simply refers to any number between $1,000,000 to $9,999,999 in the application of salary or money. So a "7-figure salary" means at least $1,000,000 per year, or $83,333.34 per month, but less than $10 million per year.
How much is 8 figures?
"8 figures" simply refers to any number between $10,000,000 to $99,999,999 in the application of salary or money. So an "8-figure salary" means at least $10,000,000 per year, or $833,333.34 per month, but less than $100 million per year.