How Much Is 6 Figures? (Your Simple Guide to 6, 7, 8 and 9 Figures)

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How Much Is 6 Figures? 6, 7, 8 and 9 Figures Explained

Learn how much is 6 figures (or 7, 8 and 9 figures) and how far that money will stretch!

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Earning a paycheck in the six-figure range or more could definitely help solve some of your money problems. For example, it might be easier to build emergency savings or get out of debt.

But just how much is 6 figures anyway?

If you don’t know the answer, don’t panic. Many people don’t understand how much is six figures when it comes to income. 

And if you found this post by searching “how much is 6 figures”, “how much is 7 figures”, “how much is 8 figures”, or “how much is 9 figures” in Google, then you’re in luck. 

Keep reading to learn how much is a figure, how much is 6 figures, 7 figures, 8 figures or 9 figures, and how to grow your income to six-figure levels!

How Much Is a Figure?

A figure simply means a number or a digit. 

Not that complicated, right?

So in terms of how much is 6 figures for income, it might look something like this: $150,000 or $325,000.

Each of those numbers or digits is a figure. So someone making that amount of money each year would be earning a 6-figure salary. 

How Much Is 6 Figures?

woman holding money

Generally, six figures means any number between 100,000 and 999,999.

To put it in perspective, if you’re asking “how much is 4 figures?” that would mean any number between 1,000 and 9,999.

If you’re asking “how much is 5 figures?” it would be a number between 10,000 and 99,999. 

And if you’re curious about “how much is 7 figures?”, that would be a number between 1,000,000 and 9,999,999. 

I could keep going but you get the idea. As you pass, 6, 7, 8, 9 figures or more, you simply increase the number of digits or figures by one each time. 

How Much Money Is 6 Figures?

When you ask someone, “how much is 6 figures?” you most likely are asking how much money they make. 

A six-figure income or salary is generally any amount between $100,000 and $999,999. That’s six figures earned each year. 

You’ll notice that these amounts are rounded up, they don’t include change. 

Technically, you’d end up with more figures if you added a decimal and extra digits for change. But to keep things simple, you can just look at the dollars rather than the cents when figuring out how much is six figures. 

How Much Is 6 Figures Monthly?

If you’re wondering how much is 6 figures in income per month, it’s easy to break down.

⇒$100,000/12 months = $8,333 a month and change

When you break it down like that, suddenly earning six figures might not seem as intimidating. 

And if you’re interested in how to make six figures keep reading for some of my favorite money-making ideas!

What Percentage of Americans Make Over $100,000 a Year?

How much money does the average family earn?

According to the Federal Reserve, the real median household income of U.S. families was $68,703 in 2019. 

That’s the most recent year numbers are available for but the next update could see some shifts as so many Americans suffered financial stress in 2020. 

In terms of how many Americans make six figures each year, the answer is around 9%.

That means the majority of Americans are pulling in a salary below six figures each year. 

If you’re not earning six figures yet, don’t sweat it. I’ll give you some ideas later for skills you can turn into a six figure income!

Is Making 6 Figures a Lot?

is making six figures good

At first glance, earning $100,000 a year or more can easily seem like a lot of money, especially if you’re bringing home far below that amount. 

But it’s important to be subjective about what 6 figures will get you when it comes to covering expenses, saving or getting out of debt. 

This is where the cost of living comes into play. 

The area I live in has a fairly low cost of living. I have a higher mortgage payment but that’s because I chose to buy a more expensive home, even though cheaper options existed.

But for years, I’ve been able to live on around 25% to 30% of my income. This includes when I was a broke single mom who was struggling to reach the six-figure mark. 

Let’s use a couple of cities as an example of how much six figures can get you

The first one is San Francisco. According to Numbeo, a family of four spends an average of $4,384 to live there, not counting rent. 

The average rent for a 740 square foot apartment in San Francisco is $3,111. 

So if you add those two numbers together, your typical family of four spends $7,495 a month to live in the Bay Area. 

If you assume this family is making $100,000 a year and you subtract the $7,495 they have in expenses from the $8,333 a month they’re bringing in on average, they’d be left with $838 a month. 

Now, let’s consider a city like Columbia, South Carolina. 

Not quite as big as San Francisco, but still a decent size. (I should know, I used to live there.)

There, the average family of four spends $2,886 per month, not counting rent. The average rent for a 1,005 square foot apartment is $1,129. 

Now our family of four is spending $4,015 per month. Out of an $8,333 monthly income, they’d have $4,318 left. 

These calculations don’t include taxes or emergency expenses. But they do shed some light on how much six figures will get you, depending on where you live. 

What Are Some Jobs That Make 6 Figures?

There are plenty of jobs that pay six figures these days. And you don’t necessarily need to go to law school or medical school to land one of them. 

While some six-figure jobs do require a college degree, you might be surprised to learn that it doesn’t necessarily mean a bachelor’s degree.

An associate’s degree might be enough to land you in the six-figure income range.

According to the Bureau of Labor Statistics and LiveCareer, here are some of the top-paying jobs that earn 6 figures or more:

  • Nurse anesthetists
  • Computer and information systems managers
  • Engineers
  • Software developers
  • Physician assistants
  • Transportation, storage and distribution managers
  • Education administrators
  • Human resource managers
  • Nurse practitioners
  • Construction managers
  • Administrative services managers
  • Financial managers and advisors
  • Marketing and sales managers

There are even some six-figure jobs that don’t require a college degree at all. 

Some of the ways you can make 6 figures without going to college include:

  • Becoming a funeral director
  • Working as an air traffic controller
  • Selling real estate
  • Working as a detective
  • Becoming a web developer
  • Getting a job as a commercial pilot

For these kinds of jobs, you might need a special license or certification. But not having a college degree wouldn’t stand in the way of making 6 figures. 

Can I Make 6 Figures Without a Job?

woman holding cash

You might think making six figures without a job is impossible. But it’s actually not as hard as you might think.

The secret is having one or more profitable side hustles that generate a six-figure income for you. 

For example, I make six figures a year freelance writing online and the first digit isn’t a “1”.

I started freelancing as a side hustle back in 2014 and my income has grown year over year. 

The key to making six figures or more with side hustles is picking the right hustles to try. 

For example, some of my favorite side hustle ideas for making $100,000 a year or more include:

What I like about these ways to make six figures without a job is that they let you use the skills you already have to make money. 

You don’t necessarily need a degree, job experience or special training to make six figures with these creative side hustles

Read this post next for more money-making inspiration:

How to Make $10,000 a Month: 10 Online Side Hustles That Earn Six Figures

Is Making 6 Figures Good?

The answer to this question really depends. 

For example, is making 6 figures good if it allows you to pay off all your soul-crushing debt?


Is making 6 figures good if you’re able to grow a comfortable cushion of savings and stop worrying about money?

For sure!

But is making 6 figures good if you have to sacrifice time with your family or work in a job that you hate?

Maybe not so much.

Speaking for myself, I earn a six figure income from home and have for several years. And it’s allowed me to create a financially secure and comfortable lifestyle for myself and my kids.

So if you ask me, “is making 6 figures good?” then I’ll say yes. But it’s always important to consider the trade-offs that can come with it.

And you might be wondering “does a six figure income make you rich?”

Again, it’s really subjective. 

Consider this: 1 in 5 people who make $100,000 a year still live paycheck to paycheck

That’s crazy, right?

But the reality is that whether a six figure income makes you rich or not depends on what your expenses are and how you manage your money. 

If you make six figures but you struggle with budgeting or tracking spending, for example, then your income probably won’t go as far as someone who’s fine-tuned their budgeting technique.

Or if you have a mountain of debt you’re trying to pay down, that may not leave you with much to save or invest. 

There are some financial tools that can make managing a six figure income easier, though.

One of my favorites is Personal Capital.

This financial tool can help you:

  • Plan your budget
  • Track and monitor spending
  • Create a plan for paying off debt
  • Check your investments 
  • Track your net worth
  • See your overall financial picture at a glance

⇒Sign up for Personal Capital to manage your money for free!

If you’re interested in investing part of your six figure income, I recommend Acorns and M1 Finance

With Acorns, you can easily round up transactions and invest your spare change.

Acorns links to your bank account and tracks your spending. Each transaction is rounded up and the difference is invested in low-cost exchange-traded funds.

M1 Finance is designed for people who want hands-on investing.

You can trade stocks and other investments with no commission fees. It’s an easy to use platform for building a portfolio and you don’t have to worry about fees eating away at your returns.

⇒Create your Acorns app and get a $5 bonus now!

⇒Sign up with M1 Finance and start investing with zero fees!

How Much Is 7 Figures?

As mentioned earlier, 7 figures means a number that has 7 digits.

So that’s any number from 1,000,000 to 9,999,999. 

How Much Is a 7 Figure Salary?

If you’re talking about income, then a seven figure salary would be an income that’s at least $1 million a year but less than $10 million a year.

And if you’re bringing home that much bacon, then you officially qualify for millionaire status. 

Millionaires also belong to the 0.01% club.

Statistically, the top 1% of earners account for 20% of all the income earned in the U.S. or making more than $500,000 per year.

So if you make a seven figure income, you’re definitely part of an exclusive group. 

What Are Some 7 Figure Jobs?

7 figure jobs

If you’re interested in 7 figure jobs, you won’t have as many options as 6 figure jobs. 

For example, think jobs like CEO of a multi-million dollar company, professional athlete or entertainer. 

Generally, 7 figure jobs are ones that:

  • Require highly specialized skills or expertise to do OR
  • Require special talents or abilities that the typical person might lack

Don’t feel bad if you aren’t making seven figures, though.

It’s entirely possible to build a 7 figure job for yourself by starting a business.

That’s what Sarah Titus did with her blog and Shopify store. She makes seven figures annually selling printables online. 

So if you’re thinking you can’t make 7 figures, don’t get discouraged.

It’s challenging, yes, but also doable if you’ve got a skill, service or talent that you can market and sell.

(And if you’re ready to start a blog of your own to launch your mini-empire, head to Siteground for hosting. They’re hands-down the best hosting company around!)

Is Making 7 Figures Good?

I’m going to go ahead and say yes, making seven figures is good. 

At that income level, it’s less likely that you’re going to struggle financially.

Of course, whether you make 6 figures, 7 figures or more, it all comes down to how you manage your money. 

Being careful with how you spend, save and invest can make 7 figures go a lot further. 

You might even be able to retire early if that’s something you’re interested in. 

Learning some smart money habits can help you make the most of any income, 7 figures, or otherwise. 

How Much Is 8 Figures?

Eight figures means anything between 10,000,000 and 99,999,999. 

So basically, a lot. 

If you’re wondering “how much is 8 figures?” for salary, then it’s quite a bit of money. 

It’s anyone who’s making $10 million or more each year but less than $100,000,000. 

What Are Some 8 Figure Jobs?

8 figure jobs

If you want to be in the 8 figure job range, then your choices are going to be pretty narrow. 

Again, think CEOs, actors/entertainers and athletes. 

These are the people who’ve risen to the top of their respective games, so to speak. 

For example, some of the highest-paid celebrities who made 8 figures for 2020 include:

  • Billie Eilish ($53 million)
  • Lin-Manuel Miranda ($45.5 million)
  • Howard Stern ($90 million)
  • LeBron James ($88.2 million)
  • Gordon Ramsey ($70 million)

Is Making 8 Figures Good?

Going to go with a hard yes on this one. 

Unless you’re just really bad with money, then making $10 million or more each year is likely to leave you with few financial worries. 

Making that level of income is also a sign that your skills, talents and abilities are highly valued. And that’s always a good thing, regardless of how much money you bring in. 

But again, it all comes down to how you manage it. 

When you look at some of the famous people who seemingly had it all then filed bankruptcy, it’s a reality check that making 8 figures doesn’t always guarantee financial security. 

How Much Is 9 Figures? 

Last but not least, you might be asking “how much is 9 figures?”

And all it really means is a number that ranges from 100,000,000 to 999,999,999.

If you’re making 9 figures in income, you’re just out of the billionaire range. 

Some of the celebrities, CEOs and athletes who make 9 figures (or more) each year include:

  • BTS ($170 million from touring alone in 2019 — I love them!)
  • Roger Federer ($106.3 million)
  • Kylie Jenner ($590 million)
  • Cristiano Ronaldo ($105 million)

Not too shabby, right? 

Then you’ve got the people who are making 10 figures a year, which puts them firmly in the billionaires’ club. 

I mean people like Jeff Bezos, Elon Musk and Mark Zuckerberg. 

And before you ask “is making 9 figures good?” I’ll say that it’s a safe bet if you’re making this kind of money, then you’ve clearly done something right. 🙂

how much is 6 figures

Does Knowing How Much Is 6 Figures (or 7, 8, 9 Figures Matter?)

For sure and here’s why. 

When you know how much is 6 figures, you can figure out how to go about making that kind of money.

Seriously. When I first started freelance writing, I was making about $2,300 a month. 

Not bad but not where I wanted or needed to be financially. So I set a big whopping goal for myself of making six figures from writing. 

At first, I thought there’s no way I can do this. 

Then I broke it down to see how much I’d need to make each month to hit my six figure goal.

I was actually really surprised to find out it was $8,333 a month. 

That was a lot more doable for me, in terms of a financial goal I could reach. 

So if one of your big goals is to increase your income to six figures, then knowing how much is 6 figures is the first step. 

From there, you can come up with an actionable plan for growing your income, whether that means getting a raise, changing jobs or starting a side hustle.

Do you still have questions about how much is six figures?

Head to the comments and ask away! And don’t forget to pin and share this post!

Related posts:

30 Proven Ways to Make an Extra $1000 a Month (or More)

40+ Things to Sell to Make Money (Sell Stuff for Cash Fast!)

Ultimate How to Start a Side Hustle Guide: Make $1000 a Month (or More!)

How Much Is 6 Figures and What It Means for Your Money

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