This question is about what is annual income.

What is a good annual income?

By Zippia Team - Dec. 7, 2022

A good annual income depends on how your define it and your cost of living. If you define annual income as gross income, then a higher amount is "better" because you need have enough left over after taxes and deductions to cover your cost of living plus additional recreational expenses.

Apply the 50/30/20 rule to figure out if you are happy with your income. 50% of income should go towards your needs. 30% should go towards your wants. 20% should go towards your savings.

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