How much is 6 figures? You’ve likely heard someone mention they have a six-figure salary or even a seven-figure salary. But what does that truly mean? How much exactly is six figures? What about 7, 8, or 9 figures? Let's find the Answer! 

What Is a Six-Figure Salary?

A six-figure salary lies between $100,000 and $999,999. This means earning over $100,000 per year, which accounts for about 9% of Americans, up to almost a million dollars annually.

I earn six figures through various side hustles, including dropshipping, selling printables, participating in online surveys, and blogging. You can do it too! Selling items from your home on platforms like Sellfy can also help you earn extra cash. But does a six-figure income mean you’re rich? Let’s explore what it means when someone claims to have a six-figure income.

How Much Are 6, 7, 8, and 9 Figures?

If you’ve ever wondered about the amounts associated with different figure salaries, you’re not alone. Many people find it confusing, as the term “six-figure salary” covers a broad range.

Understanding Figures

To grasp what a six-figure salary means, it’s important to understand the term “figure.” A figure refers to a single digit in a number. For example, numbers like 10 or 99 are two-figure (two-digit) numbers, while 600,000 is a six-figure number.

• 6 Figures: Earnings between $100,000 and $999,999 annually.
• 7 Figures: Earnings between $1,000,000 and $9,999,999.
• 8 Figures: Earnings between $10,000,000 and $99,999,999.
• 9 Figures: Earnings of $100,000,000 or more.

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

Those with a six-figure salary, or at least $100,000 a year, are doing quite well financially. According to the US Census Bureau, 24% of individual Americans make a six-figure salary.

Is Making 6 Figures Good?

Yes! Many people are finding success earning six figures through side hustles. Nowadays, you don’t necessarily need a traditional 9-to-5 job to earn a good income. I make six figures working from home through various methods. My family enjoys a comfortable lifestyle without financial stress, making this salary quite appealing.

However, is a six-figure income considered wealthy? The answer can vary. Lower six-figure earners might be regarded as upper-middle-class, while those earning $200,000 or more are seen as relatively wealthy. To be in the top 1% of earners in the USA, you need to earn above $300,000 a year.

How Can I Earn a 6-Figure Salary?

Several corporate jobs can pay you a six-figure salary, most of which require a college education. These jobs include:

• Actuary
• Anesthesiologist
• Dentist
• Doctor
• Engineer
• Software Developer

However, you can also earn six figures without a college degree through roles like:

• Drop Shipper
• Blogger
• Business Owner
• Pinterest Virtual Assistant (VA)
• Bookkeeper (with their own business)
• Social Media Influencer

Is Making 6 Figures Enough for a Good Living?

It depends on where you live. For example, someone making $100,000 might struggle in cities like New York or San Francisco, but in smaller towns, that income can lead to a comfortable lifestyle. Generally, if you earn six figures, you should have enough to cover your needs and enjoy some luxuries, provided you manage your finances responsibly.

Why Do People Brag About Making 6 Figures?

People often brag about their income to seek attention and convey success. However, it’s essential to remember that not everything presented on social media reflects reality. Money does not always equate to happiness.

How Much Is 7 Figures?

A seven-figure salary ranges from $1,000,000 to $9,999,999. Very few people achieve this level of income, typically reserved for high-ranking corporate executives, celebrities, or successful entrepreneurs. Social media stars can also earn seven figures, like Kylie Jenner.

What Is a 7-Figure Business?

A business that generates between $1,000,000 and $9,999,999 annually is considered a seven-figure business.

How Much Is 8 Figures?

An eight-figure salary means earning between $10,000,000 and $99,999,999. High-level executives, major business owners, and top athletes often fall into this category.

Top Earning Actors and Actresses

• Actors:

  • Tom Cruise – $100 million
  • Will Smith – $35 million
  • Leonardo DiCaprio – $30 million

• Actresses:

  • Margot Robbie – $12.5 million
  • Sandra Bullock – $10 million
  • Zendaya – $10 million

Top Earning Athletes

• Lionel Messi – $130 million
• LeBron James – $121.2 million
• Cristiano Ronaldo – $115 million

Top Earning CEOs

• John Hammergren (McKesson) – $131.2 million
• Ralph Lauren – $66.7 million
• Michael Fascitelli (Vornado Realty) – $64.4 million

What Are 9 Figures?

Nine figures refer to amounts starting at $100,000,000. Individuals like John Hammergren, with an annual compensation of $131.2 million, earn a nine-figure salary.

BONUS: 10 Figures and Beyond

A ten-figure salary indicates someone is a billionaire, with annual earnings of $1,000,000,000 or more. Earnings can reach eleven or even twelve figures, which are increasingly rare and typically associated with huge corporations rather than individuals.

Conclusion

Congratulations! You now understand how much six, seven, eight, and nine figures represent. If your dream is to earn a six-figure salary or higher, stay determined! With dedication and effort, you can join the ranks of those earning over six figures.