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How Much is 6 Figures In Money? 7 Figures, 8 Figures, & More
How much is 6 figures in money?
Earning six figures is often viewed as an income milestone by many people. For some people, earning a six figure salary is their idea of success!
So how much money is 6 figures? And what kinds of jobs pay six figure salaries?
In this article, you’ll learn more about six figure salaries, how much is 7 figures, how much is 8 figures, 9 figures, 10 figures, and more.
First, let’s clarify what a figure actually is.
How Much Money is a Figure?
Simply put, a figure is a number. One figure means anywhere between the numbers of 1 and 9. Two figures means a number that is anywhere between 10 and 99. Three figures is from 100 to 999, and four figures is from 1,000 to 9,999. You get the picture!
How Much Money is 6 Figures?
Six figures in money can vary. For example, if someone says they earn a six figure salary or six figure income, that means they earn anywhere between $100,000 to $999,999.
Cents are not included in figures. If someone has or earns $100,000.79, that is still considered six figures.
Someone can earn six figures per year or six figures per month. Incredibly wealthy people, like billionaires, can earn six figures (or more) per day!
If someone says they have a “six figure income” or “six figure salary”, they’re usually talking about per year.
Since 6 figures can mean anywhere from $100,000 to $999,999 (that’s $1 less than a million!), the salary ranges are split up into categories.
A low six figure salary is generally considered to be anywhere from $100,000 to $400,000.
Mid six figure salary is anywhere from $400,000 to $700,000.
Finally, a high six figure salary is between $700,000 and $999,999.
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Jobs With a 6 Figure Salary
Now that you know what a six figure salary is, I’m sure you’re interested in finding out what jobs pay 6 figures!
You might be surprised to learn that you don’t actually need a college degree to get a job with a six figure per year salary.
Here are some jobs with a six figure salary that don’t require a degree:
- Commercial Airline Pilot – Average $140,000/year
- Nuclear Power Reactor Operator – Average $104,000/year
Other popular careers with a six figure salary include:
- Anesthesiologist: Average $267,000/year
- Front-End Developer: Average $105,000/year
- Actuary: Average $102,000/year
- Dentist: Average $156,000/year
How Much Per Hour is a 6 Figure Salary?
Since there is about 899,999 dollars of difference in six figure salaries, the hourly pay can vary. A lot!
Most six-figure per year jobs will pay a salary instead of hourly pay. Salary means you make the same amount per week (or month), regardless of your work hours.
Here are some breakdowns to give you a better idea of how much a six figure salary is per hour. Each of these estimates is based off of a 40 hour work week, 50 weeks a year.
- $100,000 per year = $50 per hour
- $400,000 per year = $200 per hour
- $700,000 per year = $350 per hour
- $999,999 per year = $499 per hour
How Much Per Month is 6 Figures?
Here are some estimates for the monthly salary of six figure earners.
- $100,000 per year = $8,333 per month
- $400,000 per year = $33,333 per month
- $700,000 per year = $58,333 per month
- $999,999 per year = $83,333 per month
Is Making Six Figures Considered Rich?
Is making six figures considered rich? That really depends on who you ask… and where they live.
A low-six figure salary is generally not considered rich. In some areas, like the San Francisco Bay Area, the median yearly income is around $96,000. Because the cost of living is so high in San Francisco, a six figure income is necessary to pay for the cost of living.
But, for some people, making a minimum of $8,000 per month definitely feels rich!
How to Increase Your Income to Get Closer to Six Figures Per Year
You might be reading this article feeling hopeless about your chances of earning a six figure income. If you’ve made it this far, I want you to know that it’s not hopeless!
You don’t have to have a college degree to increase your income. You don’t have to invest a ton of money, either.
True financial independence is achieved through having multiple streams of income.
Multiple income streams mean that you have money coming in through various sources, not just your job!
Different streams of income could include side-hustles, investments, and more. The best way to have multiple income streams is to have passive income – or income that flows with no or minimal work.
Passive income takes work upfront, but pays off in the long run.
Examples of passive income include writing an ebook and selling it on Amazon, blogging and displaying ads on your website, and dividends from investments.
I am passionate about finding new ways to make more money and sharing it with people. That’s why I created this website!
How Much is 7 Figures?
How much is seven figures? Seven figures is anywhere from 1,000,000 (one million) to 9,999,999, or nine million, nine hundred ninety-nine thousand, nine hundred ninety-nine. That’s a mouthful!
Just after this is 10 million dollars, or 10,000,000 – but that’s 8 figures, which we will cover later.
Jobs With a 7 Figure Salary
Jobs with a seven figure salary aren’t super common, and you might be surprised to learn that most seven figure earners are actually self-employed. Here are some of the top:
- Blogging – This blogger earns 7 figures a year from her blog and is the reason I started this website.
- Entrepreneur – Entrepreneurs typically have multiple streams of income to help them reach the 7 figure (or more) per year mark
- NBA Player – The average salary of NBA players was around 8 million in 2019.
How Much Per Hour is a 7 Figure Salary?
Here are some estimates for an hourly rate of a 7 figure salary. These numbers come from estimating a 40 hour workweek for 50 weeks a year.
- $1,000,000 per year = $500 per hour
- 5,000,000 per year = $2,500 per hour
- $9,999,999 per year = $4,999 per hour
How Much Per Month is 7 Figures?
Here are the monthly estimates for each of the above seven figure ranges.
- $1,000,000 per year = $83,333 per month
- $5,000,000 per year = $416,666 per month
- $9,999,999 per year = $833,333 per month
How Much is 8 Figures?
How much is 8 figures? Eight figures is still in the million category, starting at 10,000,000 to 99,999,999. Ten million dollars is a lot of money… it’s hard to wrap your mind around!
Examples of people who make 8 figures a year include:
- Website Owners
- Online Business Owners
- Movie Stars
- Hedge Fund Owners
Are There Jobs That Pay a 9 Figure Salary or 10 Figure Salary?
How much is nine figures? 9 figures is anywhere between 100,000,000 and 999,999,999.
How much is 10 figures? 10 figures is a billion – or anywhere between 1,000,000,000 and 9,999,999,999. All these numbers are starting to blur together!
There aren’t actual “jobs” that pay a nine figure salary or a ten figure salary; people who earn these amounts of money typically have multiple income streams.
People Who Make Nine Figures
Nine-figure earners are few and are among some of the top earners in the world.
- Taylor Swift made around $185 million in 2019.
- Kylie Jenner earned around $590 million in 2019.
- Roger Federer, a Swiss tennis player, made $106 million in 2019.
Since we’re talking about billions, we might as well talk about famous billionaires. It’s so hard to wrap your head around this kind of money, and it’s even harder to believe that individual people have this kind of wealth.
Jeff Bezos – $201.8 Billion
Jeff Bezos frequently tops the chart as the richest person in the world, with over 201 billion dollars. Forbes Real Time Billionaire List updates daily, but Jeff is almost always in the top 10. With that kind of money, what else is there to do other than shoot yourself off into space?
Elon Musk – $162 Billion
Elon Musk, owner of Tesla and Space X, is another one of the richest people in the world with a net worth of over $162 billion.
Bill Gates – $129 Billion
Bill Gates of Microsoft fame is worth over $129 billion.
Mark Zuckerberg – $124 Billion
Mark Zuckerberg, creator of Facebook, is worth over $124 billion!
Warren Buffet – $101 Billion
Warren Buffet, famous investor and owner of the Berkshire Hathaway holding company, is worth over $101 billion.
About A 5 Figure Salary
The median yearly income in the United States is five figures. Five figures is anywhere between 10,000 and 99,999.
According to Trading Economics, the average hourly wage in the United States is $25.68. At the hourly rate of $25.68, the yearly income is $51,630.
Is There A 4 Figure Salary?
A four figure salary would be a salary that paid anywhere between $1,000 and $9,999. Making four figures a year is a meager amount of money. A $9,999 per year income is around $3,000 lower than the federal poverty guideline in the United States.
Typically, if someone references a 4 figure salary, it means four figures per month!
Learn to Increase Your Income and Live On Your Own Terms
If you want to increase your income but feel jaded about working as an employee, I highly suggest starting a side hustle or learning to build your own business.
Starting a side hustle can grow into a business that supports you full-time, and you aren’t dependent on someone else for a paycheck.
If that seems too unpredictable, keep in mind that literally every business that exists today started as a start-up at one point.
Amazon started in a garage. Facebook started in a college dorm. Walmart started as a local mom-and-pop store. If you’re not building your dream, you’re building someone else’s!
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