How Much is 6 Figures? (6 Figure Salary Guide for 2023)
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Are you curious to know how much is 6 figures? Six figure salaries can vary by hundreds of thousands of dollars.
Want to know how much people who make 6 figures really earn?
You’re about to find out, along with tips and job ideas that’ll help you be a top earner.
Because who doesn’t want to make a 6 figure salary?
How Much is 6 Figures?
Typically when people refer to 6 figures, they are talking about a 6 figure salary.
A six figure annual salary is anywhere from $100,000 to $999,999.
A Closer Look: What is a 6 Figure Salary?
As mentioned above, someone who makes a 6 figure salary makes anywhere between $100,000 to $999,999.
But while that is the answer, you might be wondering what a 6 figure salary means.
Let’s have a little mini math lesson, and don’t worry; we won’t be solving super complex math equations or anything.
What are figures anyway?
Figures are “digits representing an amount.
For example, three figures would be a number with three digits. So these numbers are all three figures: 100, 200, and 300.
Now that we’ve established what figures are let’s get back to talking about a six figure salary.
6 Figures Meaning
So we refer to a salary as being 6 figures when the salary has 6 digits.
A digit and a figure are interchangeable when talking about a number.
Any number between $100,000-$999,999 has six digits or figures making up the number, so we say that amount is six figures.
If you ever get confused, you can count the digits in the number.
Six Figure Salary Examples:
Six Figure Salary Ranges
Since salary amounts can vary so much when talking about six figures, it’s helpful to separate six figures into salary ranges.
|Six Figure Salary Range||Income|
How much is Six Figures a Month, a Week, Biweekly, a Day, and an Hour?
Now that you know what a 6 figure salary is, here’s how much money it is weekly, daily, and hourly.
The table below is for a person who works 40 hours a week all 52 weeks of the year. The hours included are actual hours worked plus paid time off.
|6 Figure Salary Breakdowns||Pay||How to Calculate|
|Yearly||$100,000-$999,999||Any salary with 6 digits|
|Monthly||$8,333-$83,333||Annual Salary ÷ 12 Months|
|Biweekly||$3846-$38,462||Weekly Pay x 2|
|Weekly (5 day work week)||$1,923-$19,231||Annual Salary ÷ 52 Weeks|
|Daily (8 hour day)||$385-$3846||Hourly Pay × 8|
|Hourly||$48.08-$480.77||40 hours × 52 weeks = 2080 yearly hours|
Annual Salary ÷ 2080
How to Make 6 Figures
These ideas will help you learn how to make six figures and start on the path to financial freedom.
Remember, making this amount of money can take time, and that’s okay; you can do small things every day to get you to your income goal.
Set an annual income goal and start small.
Six figures is a huge range in money. Making $100k is very different than making $999,999, which is just a dollar away from a million dollars.
Set a goal and make it attainable. You may want to start at the lower end of the six figure salary range, anywhere from $100,000 to $400,000.
You can always adjust your goal later, but setting a $100k goal might be less overwhelming than $800,000.
Change your mindset when it comes to making money.
Your mindset may be what’s holding you back from reaching your money goals and making the income amount you want.
If your inner dialogue about making money sounds anything like the thoughts below, then it’s time to change your mindset.
- I can’t…
- I don’t deserve…
- I’m not smart enough to…
- I’ll never…
So next time you catch yourself saying one of these things, change the thought to something positive.
Instead of saying, “I can never make six figures,” tell yourself, “I can make six figures.”
While this might sound cheesy, mindset is everything.
Go crazy researching your new six figure venture or potential job.
When I first started this blog, which has been my full-time job now for quite some time, I spent months researching.
I researched how other bloggers were making money, and what they did to have a profitable business.
I looked into a ton of potential niches to write about, joined blogging communities on Facebook, and asked many questions.
Whether you plan on starting your own business or landing your dream job that pays well, you must do your homework and know ahead of time what you need to do to reach your goals.
Seek out people who are six figure earners.
Robert T. Kiyosaki mentioned in his book Rich Dad Poor Dad, “Find someone who has done what you want to do. Take them to lunch and ask them for tips and tricks of the trade.”
Now, taking them to lunch isn’t required; of course, the main point is to connect with others already making the amount of income you want to make.
You’ll get so much more information and insider tips than just reading about it on the Internet.
Find a job that pays you 6 figures.
You’re right if you think that’s pretty obvious, but finding a job that pays 6 figures isn’t always easy.
In the next section, I’ll go over some six-figure jobs. Many jobs need advanced college degrees, such as a master’s degree or doctoral degree.
Sometimes, it’s not as easy as “just finding” a six figure job.
Now, that’s not to say it isn’t possible. If it’s a career field that interests you and you have the means and time to go to school for that job, it’s still within your reach.
Those types of jobs are not a get rich quick type of thing. Because really, there aren’t many get rich type jobs that are legit anyway.
Since extra schooling might not be an option or something you even want to do, I’ve also included some ideas to make six figures that don’t require a college degree.
6 Figure Jobs
The table below shows some professions that pay six figures. These occupations pay an average annual wage of $100,000 to $999,999.
This salary information is from the Occupational Outlook Handbook, U.S. Bureau of Labor Statistics, last modified on April 29, 2022.
These figures are the average salary of all states and the District of Columbia.
Since these are average salaries from across the United States, the job wages could be more or less depending on where you live.
|6 Figure Jobs||Average Annual Pay|
|Anesthesiologists||$208,000 or more|
|Oral and maxillofacial surgeons||$208,000 or more|
|Orthodontists||$208,000 or more|
|Physicians, all other; and ophthalmologists, except pediatric||$208,000 or more|
|Psychiatrists||$208,000 or more|
|General internal medicine physicians||$208,000 or more|
|Surgeons, except ophthalmologists||$208,000 or more|
|Obstetricians and gynecologists||$208,000 or more|
|Family medicine physicians||$208,000 or more|
|Airline pilots, copilots, and flight engineers||$202,180|
|Dentists, all other specialists||$175,160|
|Computer and information systems managers||$159,010|
|Architectural and engineering managers||$152,350|
|Judges, magistrate judges, and magistrates||$148,030|
Keep in mind that the incomes listed above are gross pay before taxes are taken out, not take-home pay.
All of the six figure jobs require a bachelor’s degree, and most of them require an advanced degree such as a doctorate.
Six Figure Jobs With No College Degree Needed
Let’s look at some high-paying jobs that don’t require a college degree.
They may require some training or professional certifications, but you won’t need an associate or bachelor’s degree.
With these jobs, a college degree might be helpful but not necessary. Also, keep in mind that the salary can vary with these jobs.
While many businesses fail, some are very profitable. Being a six-figure entrepreneur might be hard, but it is possible.
While it does take money to start, there are plenty of low-cost business ideas.
Real Estate Agent
Real estate agents’ salaries can vary tremendously and many are six figure earners.
Some real estate agents might make $200,000 per year, while others don’t make six figures.
The tech sector has so many jobs that pay six figures, all without ever getting a college degree.
Even if you don’t get a starting salary of six figures, it’s possible to work up to a higher salary in the six figures depending on the company.
Make Money Online
From becoming a freelancer to selling online courses, there are many ways to make money online.
You can even make cash being an affiliate marketer on Instagram or YouTube.
There are so many people making money online; why not you? If that’s something you want to do, of course.
Your online income might start as a side hustle alongside your regular job but could prove so profitable that you could quit your job.
Wouldn’t it be awesome to make six figures working online?
In & Out Manager
If you live on the west coast, this burger chain pays its managers an average salary of $160,000 or more a year!
If this surprises you, you’re not alone. I was pretty shocked myself.
Add Another Income Stream
If you already are receiving a nine-to-five paycheck, make some extra money with an additional income stream.
Having another source of income will help you reach your goal of making a six figure salary.
Not only that, their are some great passive income streams that aren’t hard to do with your existing job.
Is 6 Figures Enough Money in 2023?
With high inflation, record-setting gas prices, and expensive cost of living, is earning a six figure salary even enough?
The thing is, there’s no cookie-cutter one size fits all answer to this. As mentioned earlier, a six figure salary can vary by a significant amount.
Is a $100,000 salary enough? What about an $800,000 salary? We aren’t comparing apples to apples here.
These are two very different incomes, even though they are both six figures.
It’s all about finances.
Besides the wide six figure salary range, whether this amount of money is enough for you depends on your finances.
For someone making $100,000 who lives in an affordable part of the US, with one child and a partner who also contributes their income to household expenses, $100,000 is enough.
But say someone has average pay of $500,000 a year and lives in an expensive metropolitan area like New York City.
This person has no kids, but they hardly save any money from their monthly income because of the high cost of living, student loan payments, credit card payments, and more.
This salary is not enough for them. Even though $500k sounds like a lot, it isn’t enough for this person anyway.
Could $500k be enough for you and your financial situation? Yeah, it’s possible.
Final Thoughts on a Six Figure Income
When people talk about 6 figures in money terms, they usually refer to a 6 figure income.
Salaries vary so much when it comes to a six figure income.
What Is 6 Figures in Money?
Six figures is a salary from $100,000 to $999,99
Hopefully, you now have some idea of how you can become a six figure earner yourself! But remember, it won’t happen overnight.
Whether through a traditional occupation or something more outside of the box like being an entrepreneur or working online, there are many ways to make a six-figure income.
About the Author
Annie Brown is a frugal living expert and the founder of Savvy Honey.
Her expert advice has also been featured in Yahoo Finance, BuzzFeed, GOBankingRates, Woman's Day, MSN, The Spruce Crafts, and more.