Wondering how much 6, 7, 8, 9, or 10 figures in dollars is? You’ve come to the right place. We’ve broken it down in a table below to make things simple.
|6 Figures||$100,000 – $999,999||$48 to $480|
|7 Figures||$1,000,000 – $9,999,999||$481 to $4,807|
|8 Figures||$10,000,000 – $99,999,999||$4,808 to $48,076|
|9 Figures||$100,000,000 – $999,999,999||$48,077 to $480,769|
Now, let’s explore how much each is, what each lifestyle looks like, and what jobs can get that much money!
How Much is 6 Figures in Dollars?
In dollars, having a 6 figure income means that you make between $100,000 and $999,999 per year. Hourly, that translates to over $48 per hour to over $480 per hour.
If someone says that they “have 6 figures,” it means that their net worth is over $100,000. This number is usually referring to the total of their assets.
What Does A 6 Figure Lifestyle Look Like?
A 6 figure lifestyle varies based on where you live. In parts of the Midwest, a six-figure salary is enough for a four-bedroom two-bath house, a nice car, and money left over. If you go to some cities on the coast, a hundred thousand won’t get you very far at all.
This is due to different “cost of living” rates in different parts of the country.
For example, if you live in Omaha, Nebraska, and make $100,000, you would need to make $218,928 to have a comparable life in San Francisco, California. You can compare your city to others around the country here.
Are People Who Make 6 Figures Rich?
People who make 6 figures are in the top 10% of earners, but this doesn’t make them rich automatically. Whether they are rich or not depends on the lifestyle they live, what city they live in, and how much debt they currently have.
According to a survey by global insurance and consulting company Willis Towers Watson, 18% of employees making more than $100,000 a year live paycheck to paycheck.
That can be because they have debt, don’t budget, have a high cost of living, or another reason.
Being rich isn’t only determined by how much you make (though it certainly makes a difference). It’s how well you manage your money that matters even more.
What Are Some 6 Figure Jobs?
Several jobs make six figures. Here are a few to look at with their median salary. Most require a degree and/or years of experience. Check out more specific compensation on Glassdoor.
- Anesthesiologist – $292,360
- Dentist – $156,240
- Obstetrician/Gynecologist – $208,000
- Petrolium Engineer – $137,170
- Software Developer – $105,590 (plus bonuses)
- College Business Professor – $100,270
- Physicians Assistant – $104,760
- HR Manager – $123,510
- College Administrator – $107,670
- Chief Executives – $196,050
- Pharmacist – $121,710
- Marketing and Sales Manager – $140,600
- Lawyer – $141,890
- Surgeon – $214,700
- President of the United States – $400,000
Is a 6 Figure Salary Good?
Yes, if you make 6 figures, that puts you in the top 9% of Americans. That is the upper tier of earning! However, money isn’t the only thing we’re after.
Harvard Business Study
As social individuals, w’re also really concerned with status games. We often compare ourselves to our peers. If all our peers make more than us, we feel terrible even if we make more than 90% of Americans – more or less, we’re competitive, but not against the world. We’re competitive against the people we actually know.
In one study, Harvard researchers asked subjects if they would rather make $50,000, while those around them were making $25,000, or make $100,000, while those around them are making $200,000?
Over half of the students, 52%, said they’d instead take the $50,000 even though the other choice was double what they were making. This just shows that people aren’t only concerned with the actual dollar amounts, but the status that goes along with it.
How Much is 7 Figures in Dollars?
In dollars, 7 figures is anything between $1,000,000 (one million) and $9,999,999 (one dollar short of ten million).
This is a lot of money.
Today, there are 11.8 million households in the US that have over 7 figures – they’re all millionaires or multi-millionaires!
What Does A 7 Figure Lifestyle Look Like?
You can do a lot with 7 figures. Often this includes a second home, vacations, and plenty of other luxeries. If you have over 7 figures in assets, you probably won’t have to ever work again!
Remember, just because you have 7 figures, it doesn’t mean that you are perfectly secure. Just think of how many professional athletes make millions and end up broke or lottery winners declare bankruptcy three to five years after the jackpot.
What Are Some 7 Figure Jobs?
To be in this elite category, you need to have some special skills or be pretty high up in a large company. Here are a couple of places you can earn a 7 figure salary.
- Professional NBA Athlete – $1.5 million
- Teachers Pay Teacher – $1 million+
- Selling Online Course – $1 million+
- Blogging Millionaire – $1 million+ per year
- YouTube – The highest channels earn $1 million-plus per year!
- Hedge Fund Manager
- Own A Business
None of these jobs guarantee you’ll earn over a million dollars per year, but have that possibility!
How Much is 8 Figures In Dollars?
If you have 8 figures, you have between $10,000,000 and $99,999,999. That’s one dollar short of 100 million.
In the United States, there are an estimated 1,347,336 households with over $10 million. That is less than 1% of American’s!
What Does an 8 Figure Lifestyle Look Like?
With 8 figures, this isn’t just a second home – you may have houses worldwide, multiple nice cars, a private plane, expensive collections, etc.
Many of the world’s best athletes, singers, and entertainers make 8 figures a year. Look up the life of your favorite celebrity, and that will give you a glimpse into the 8 figure lifestyle.
What Are Some 8 Figure Jobs?
Anyone that is in this category is one of the wealthiest people in the world. Again, we’re talking about the top pay of a few industries.
If you want to make 8 figures, you need to be world-class in something that pays extremely well.
How Much is 9 Figures in Dollars?
In money, 9 figures is between $100,000,000 and $999,999,999. You have more than a hundred million dollars and one dollar less than a billion.
These are the ultra-high net worth households!
In the U.S., there are about 46,453 individuals that have a net worth in this range. Anyone with this kind of money is called a “centi-millionaire.”
What Does A 9 Figure Lifestyle Look Like?
9 figures is enough money that your kids, grandkids, and great-grandkids may never have to work a day in their life. This is unbelievable wealth.
This lifestyle has more than one luxury mansion, private property, and money is not a limiter in their life.
With nine figures, you can buy a jet, yacht, supercars, planes and helicopters, and instead of shopping on Amazon, you go to HushHush.
You have crazy expensive art, a wine couple wine cellars, maybe exotic pets, and probably a foundation that works to give a lot of your wealth away to charitable causes.
Who Are Some People That Make Nine Figures?
The higher you go in salary, the fewer jobs that make that kind of money. Right now, there are a handful of places that pay this much, but unless you’re a CEO of a significant fortune 500 company, you won’t make this kind of money.
With this level, usually, you make this money in bonuses and stock options, not your yearly income. You don’t save and budget well to be a centi-millionaire – you create or acquire lots of income-producing assets.
How Much is 10 Figures in Dollars?
In dollars, 10 figures is anything between $1,000,000,000 and $9,999,999,999. You read that right; with 10 figures, you’re a billionaire.
In the United States, there are 705 billionaires. That is less than 0.000002% of the population. This number will change a little each year as some newcomers enter and others leave or die, but billionaires are very rare!
What Does A Billionaire Lifestyle Look Like?
It’s almost laughable to talk about money to a billionaire. They can buy mansions, yachts, crazy expensive art, supercars, a jet, and any pleasure in life. They can seem untouchable and in many ways they are.
Further, billionaires can still lose lots of money – in 2021, one billionaire lost $20 billion in just two days!
What Can I Do To Earn a 6 or 7 Figure Income?
You can do multiple things to earn 6 or 7 figures. Check out the list below:
- Ask for a raise at your current job
- Build a skill that is in high demand
- Software development
- Other entertainment
- Build a side-hustle
- Get a new job. If the only goal you have is money, on average, switching jobs will give you a 5.2% pay bump. Depending on your industry, this pay bump can be even higher!
At What Age Should You Earn 6 Figures?
There isn’t an ideal age to earn 6 figures other than the sooner, the better.
What Salary Is Rich?
Being rich depends more on your lifestyle and cost of living than it does your salary. Case in point, you can make $100,000 in and still live paycheck to paycheck.
While this is true, if you make 6 figures a year, you’re in the top 10% of earners in the United States and that feels pretty rich to us!
Is 6 Figures Comfortable For A Family of 4?
“Comfort” depends on your lifestyle and the cost of living where you live. Making 6 figures a year often means that you have enough for your needs, wants, investments, and vacations.
There is no “perfect” income for everyone, just the correct income for your family.
Regardless of how much bacon you’re bringing home, the important thing is ensuring you’re providing for your family and setting yourself up for a stable future. Remember that comparison games never lead to happiness and money is only a means to an end.
No matter your income, we hope you join us in pursuing the Wealthy Life along with higher levels of income.