How much is 6 figures? What about 7, 8, or 9 figures? Fast & Easy Answer!
Information about How much is 6 figures? What about 7, 8, or 9 figures? Fast & Easy Answer!
I’m sure you have heard someone say they have a six-figure salary, or perhaps even a seven-figure salary, eight-figure salary, or nine-figure salary. But what does that really mean? How much is 6 figures?
A 6 figure salary is anywhere between the range of $100,000 to $999,999. It can mean just earning over $100,000 per year (which accounts for 9% of Americans) up to almost a million dollars annually.
I earn six figures myself doing side hustles like drop shipping, selling printables, doing online surveys and blogging, and so can you. You can also sell things in your home on Sellfy to make extra cash. Does 6 figures mean you’re rich? Let’s explore what it means when someone says they’re bringing in a 6 figure income.
Let me explain how a figure relates to money and salaries.
How Much Are 6,7, 8, and 9 Figures?
If you’ve wondered how much a 6 figure income is, don’t worry, you aren’t alone. Many people don’t know the answer to this common question. Plus, it can be a bit debatable, as a “six-figure salary” covers such a vast range.
Did you search “How much is 6 figures?” Where you wondering, “how much is 7 figures?” Or did you type “How much is 8 figures?” or even “How much is 9 figures?” in Google and need help? Let’s explain what the different salaries mean and how to tell high earners from braggers.
First, we will tackle the question, “how much is 6 figures?” for starters. Each digit in a number is one “figure,” so someone that earns a 6 figure salary or income brings in between $100,000 and $999,999 yearly.
Now, let me explain how a figure relates to money and salaries.
How Much Is a Figure?
If you want to understand what a “6-figure salary” means, it helps to understand the term figure first so that we’re all on the same page.
The simplest method to understand what 6 figures means is to know the word figure means a digit in a number. For example, 2 figures would represent a two-digit number (like 10-99), 3 figures would mean a three-digit number, and so on.
How Much is 6 Figures and How Does it Relate to Money?
Did you know that 4,000 has 4 digits in it, so it’s considered a number with 4 figures?
The number 50,000 has 5 digits, so that number is a 5-figure number.
The number 600,000 has 6 digits, so that’s a 6-figure number.
When someone earns a 6-figure income or a 7-figure income, it refers to the dollars they’re earning per year.
Then, the number 7,000,000 has 7 digits, so that’s a 7-figure number. This number is also over a million dollars. So when people say they earn a “seven figure income” they’re earning more than a million dollars per year. People who earn any salary over a million dollars (up to a billion) are called millionaires.
The number 80,000,000 has 8 digits, so that’s an 8-figure number. People who earn this amount would be considered millionaires too, or multi-millionaires.
We could go on learning about 9 figures. Those who earn $100,000,000 are still called millionaires, BUT if someone makes 10 figures ($1,000,000,000), they’re officially a billionaire. Mark Zuckerburg, who created Facebook, is a billionaire, and so is Kylie Jenner.
What Percentage of Americans Make More Than $100,000 a Year?
Those who have a 6-figure salary or at least $100,000 a year are doing very well financially. According to Yahoo Finance, as mentioned above, 9% of Americans make a 6 figure salary.
Percentage of Americans Making 6 Figures:
Photo Credit: Quora
Is Making 6 Figures Good?
I make six figures myself from home doing various side hustles. Nowadays, you don’t need to work a 9 to 5 job to earn good money. I do drop shipping, online surveys, and blog. My family lives comfortably and doesn’t have to worry about making ends meet. I would consider that to be a very good salary.
So, is 6 figures rich? Yes and no. I would say having a low 6-figure income means you’re living quite comfortably. In some studies, most people close to a 6-figure salary (between $95,000 and $105,000 per year) report being the happiest with their income. Surprisingly, beyond that point, people reported a decline in their happiness levels. But there are also several factors to consider—where you live, family size, debt, and more.
Are Six Figures Rich?
Are people who make six figures rich? For lower-six-figure earners, you would be considered upper middle class at the most. If you are making $200,000 or more, then you would be regarded as relatively wealthy. To get in the top 1% of earners in the USA, you need to be earning above $300,000 a year.
How Can I Earn a 6-Figure Salary?
Several corporate jobs can pay you a 6 figure salary and most require that you go to college.
These jobs include:
- Software Developer
Some jobs that don’t require college are:
Is Making 6 Figures Enough for a Good Living?
Yes, but it depends on your city and the cost of living. In New York City and San Franciso, someone making $100k might still be struggling, but in a small town in the Midwest, you could live more than comfortably on $100,000 annually.
Generally speaking, in most places, if you earn 6 figures, meaning $100k-$999.99, you should have enough to go on vacations and pay for your wants and needs. Provided you don’t have debt and use your money responsibly, 6 figures should be a comfortable living.
Why do people brag about making 6 figures?
Those who brag about how much money they make are annoying, in my opinion. I think how much you earn should be kept secret (just my two cents). I see people brag about their 6-figure lifestyle on social media—posting pictures and videos of their endless vacations. It irritates me!
I would guess that the reason people brag about how much they make because they want attention and for people to think they are successful. But remember, not everything we see on social media is representative of the truth. Money doesn’t always buy happiness.
How Much Is 7 Figures?
Any number between 1 million ($1,000,000) and ten million ($10,000,000) is 7 figures. If someone earns over $1 million, then they earn a 7-figure salary.
What jobs pay 7 figures?
There aren’t many people who make a 7-figure salary. Those who make 7 figures are usually very high up on the corporate ladder, like CEOs who have their own business. There are also famous movie stars and athletes who earn 7 figures.
Social media stars can also earn 7 figures, like those who have millions of YouTube subscribers. Kylie Jenner, for example, is a social media star that earns a billion dollars!
What Is 7 Figure Business?
If a business generates 7 figures ($1,000,000–$9,999,999) per year, then it is considered a 7-figure business.
How Much Is 8 Figures, and How Much Is an 8-Figure Salary?
An 8-figure salary means that someone earns between $10,000,000 and 1 billion ($1,000,000,000). That is quite a lot of money!
What jobs pay 8 figures?
Eight-figure salaries are rare, but not unheard of. High level CEOs, big business owners, famous movie stars, social media stars, and athletes may earn 8-figure salaries.
Top Earning Actors Making 8 Figures or More
According to Forbes, the top-earning actors are:
- George Clooney – $239m.
- Dwayne Johnson – $119m.
- Robert Downey Jr – $79m.
- Chris Hemsworth – $64.5m.
- Jackie Chan -$45.5m.
- Will Smith – $42m.
- Akshay Kumar -$40.5m.
- Adam Sandler – $39.5m
Top Earning Actresses Making 8 Figures
Forbes also estimates the top-earning actresses. Why do actresses earn so much less on average than actors? That is another story in itself.
- Reese Witherspoon – $16.5m.
- Mila Kunis – $16m.
- Julia Roberts – $13m.
- Cate Blanchett – $12.5m.
- Melissa McCarthy – $12m.
- Gal Gadot – $10m
Top Earning Athletes Making 8 Figures or More
For athletes, Forbes estimated that the following earn 8 figures or more.
- Lionel Messi $127m (Soccer)
- Cristiano Ronaldo $109m (Soccer)
- Neymar $105m (Soccer)
- Canelo Alvarez $94m (Boxing)
- Roger Federer $93.4m (Tennis)
Top Earning CEOs Making 8 Figures or More
The top-earning CEOs are below:
- Hock E. Tan – Company: Broadcom (AVGO) – Annual compensation: $103.2 million
- Frank Bisignano – Company: First Data (FDC) – Annual compensation: $102.2 million
- Michael Rapino – Company: Live Nation Entertainment (LYV) – Annual compensation: $70.6 million
- Leslie Moonves – Company: CBS (CBS) – Annual compensation: $68.4 million
- Gregory Maffei – Company: Liberty Media & Qurate Retail Group (FWONA & QRTEA) – Annual compensation: $67.2 million
What Are 9 Figures?
“Nine figures” means a hundred million dollars ($100,000,000). As you can see, there are 9 figures in that number.
Remember some of the people above like Hock E. Tan, the CEO of Broadcom? He makes $103.2 million, so he earns a 9 figure salary.
Why Would You Want To Know About Different Figures?
It isn’t easy to get figures right, so I hope this post has helped you understand what people are referring to when they say, “six figure salary,” or “earning eight figures.” If a friend said, “That guy is rich because he makes 6 figures!” you will now understand that the guy makes $100k-$999.99k.
BONUS: 10 Figures and Beyond
A 10 figure salary means that someone is a billionaire. Count the digits: $1,000,000,000! Ten in total! The same thing goes for 11 figures; add another digit: $10,000,000,000. What about 12 figures? $100,000,000,000! Who earns that much? Huge companies, and I doubt any actual person living today earns quite that much annually. 13 figures? $1,000,000,000,000 is a trillion dollars. Will people in the future earn a trillion dollars per year? We’ll have to see!
Now You Know How Much is 6, 7, 8 and 9 Figures and MORE!
Congratulations! You now know all about 6, 7, and 8 figures, so you will sound knowledgeable if someone ever asks you. If it’s your dream to earn a six-figure salary (or higher), don’t give it up! If you put your mind to it, you can become one of those people who makes over 6 figures!
Are you still confused about what 6,7, and 8 figures is? Let us know in the comments!
If you want to learn how to make 6 figures like me, check out my Printables Ecom Academy Course.
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