What Are The Most Rewarding Jobs in America for 2023

The Most Rewarding Jobs in America for 2024

You’ve probably heard that life is too short to spend time on unfulfilling work. While any job can be rewarding, some are inherently better than others. If you need to make a change — and you’re looking for something more fulfilling than a paycheck — we have some ideas.

First we’ll consider the criteria that make a job rewarding, before jumping into our curated list of the most rewarding jobs in America.

Rewarding Jobs, Defined

What exactly is a rewarding job? After all, everyone will define a rewarding job differently. Some folks enjoy being around people, while others appreciate the ability to deeply engage in work alone. Some people are looking specifically for work-at-home gigs, while others are searching for the highest paying jobs.

We think that a rewarding career should help you feel accomplished and fulfilled. We break down additional elements below.


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Common Characteristics of Rewarding Jobs

The Urban Institute, a nonprofit research organization dedicated to advancing upward mobility and equity with research and data, lists five key factors of a good job.

•   Livable wages. Earning a livable wage means you earn enough money to cover your basic needs. It’s tied to your health, financial security, and even your children’s success. Livable wages make you feel secure. Rewarding jobs should offer a good entry-level salary, and then…

•   Upward mobility and growth opportunities. Rewarding jobs allow workers to build on their skills and further their careers. More-experienced workers can feel satisfied knowing they receive competitive pay.

•   Workplace flexibility and schedule control. McKinsey’s American Opportunity Survey revealed a flexible schedule is one of the top three reasons behind workers’ seeking a new job. Most workers (87%) offered flexible work take their employer up on the offer.

•   Benefits. Benefits such as health insurance, paid leave, and retirement plans contribute to a worker’s productivity as well as their health and well-being. Jobs with benefits help create a rewarding environment.

•   Working conditions and safety. For a job to be rewarding, a safe environment is essential.

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22 Most Rewarding Jobs in America for 2024

There are many jobs that have some or all of these characteristics. Below are 22 jobs that rated very high in a PayScale survey on job satisfaction. All salary figures are from the U.S. Bureau of Labor Statistics (BLS) data.

1. Kindergarten Teacher

National average salary: $61,620

Job satisfaction rate: 81%

Job description: Some of the most rewarding jobs are jobs helping people. While a career in education doesn’t usually add a lot of zeroes to your bank account, it’s incredibly rewarding to help kids and adults improve their skills and confidence through education. It can also be one of those jobs that pay off student loans through the Public Student Loan Forgiveness (PSLF) program.

2. Postsecondary Teacher

National average salary: $80,840

Job satisfaction rate: 74%

Job description: These academic pros instruct and mentor students in various topics after high school. Until you reach professor status, check out our list of the best on-campus jobs.

3. Clergy

National average salary: $57,230

Job satisfaction rate: 90%

Job description: Conduct religious services and direct activities to support worship of a spiritual nature.

4. Surgeon

National average salary: $229,300

Job satisfaction rate: 83%

Job description: Diagnose and treat injuries and illness with surgical procedures. With a salary well into the six figures, this is one of the highest paying jobs on our list.

5. Family and General Practitioner

National average salary: $224,460

Job satisfaction rate: 78%

Job description: Provide preventative care to patients and refer them to specialists for further care.

6. Music Director and Composer

National average salary: $62,940

Job satisfaction rate: 80%

Job description: Lead musical performances; write and record music.

7. Epidemiologist

National average salary: $78,520

Job satisfaction rate: 73%

Job description: Investigate the course of a disease to protect public health. Help provide community education and public policy for diseases.

8. Physician Assistant

National average salary: $126,010

Job satisfaction rate: 78%

Job description: Treats patients under the supervision of a doctor. This role is one step below doctor and a step above nurse — similar to a nurse practitioner.

9. Anesthesiologist

National average salary: $302,970

Job satisfaction rate: 83%

Job description: Administer and manage patient pain before, during, and after surgery. (We wonder if people who make this much would benefit from a good spending app.)

10. Speech-Language Pathologist

National average salary: $84,140

Job satisfaction rate: 79%

Job description: Evaluate and treat patients who have speech and language disorders.

11. Pediatrician

National average salary: $203,240

Job satisfaction rate: 89%

Job description: Provide preventative and diagnostic medical care for children.

12. Psychiatrist

National average salary: $220,430

Job satisfaction rate: 85%

Job description: Primary mental health care providers who diagnose and treat patients.

13. Firefighter

National average salary: $51,680

Job satisfaction rate: 83%

Job description: Firefighters manage and extinguish fires to protect life and property. They also respond to other emergencies.

Recommended: The 10 Most Satisfying Jobs You Can Get in America Without a Degree

14. Education Administrator

National average salary: $99,820

Job satisfaction rate: 77%

Job description: Education administrators are responsible for the direction and implementation of school-related activities. They may hire staff, plan academic programs, attend meetings, and stay on top of any number of initiatives.

15. Dentist

National average salary: $159,530

Job satisfaction rate: 82%

Job description: Treat patients to prevent and repair tooth decay and oral health.

16. Forester

National average salary: $68,090

Job satisfaction rate: 85%

Job description: Foresters maintain the health of a forested ecosystem. They may track types and amounts of standing timber, plant new trees, and determine which trees need to be cut.

17. Cartographer and Photogrammetrist

National average salary: $71,890

Job satisfaction rate: 97%

Job description: Create digital and physical maps and charts from geographic data.

18. Rotary Drill Operator, Oil and Gas

National average salary: $60,450

Job satisfaction rate: 93%

Job description: Rotary drill operators control large-scale machines that extract oil and gas from the earth. It’s one of the few jobs that don’t require college on this list.

19. Emergency Management Director

National average salary: $79,180

Job satisfaction rate: 86%

Job description: Develop and implement plans in the event of an emergency, such as a natural disaster. Coordinate with local authorities and help lead when an event occurs.

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20. Physicist

National average salary: $139,220

Job satisfaction rate: 77%

Job description: Study matter and energy. May develop scientific theories, conduct experiments, develop software, write papers, and present research at conferences.

21. Librarian

National average salary: $64,770

Job satisfaction rate: 81%

Job description: Help people find information in a library. Organize materials and create programs for public education. Although interaction with the public is a key part of this role, it still seems like the ultimate job for introverts.

The Takeaway

Whether you’re in the right job or looking for a new path, it’s helpful to know that some well-paying jobs are among the most rewarding. Our list was compiled with salary data from PayScale and job satisfaction data provided by the Bureau for Labor Statistics. The medical field has a strong presence, as does education. Some less-expected rewarding jobs include music director, cartographer, clergy, and forrester. Cartographers have the highest job satisfaction on our list (who knew?), while anesthesiologists pull the highest salary.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What is the highest-paying job in 2024?

Physicians and other medical professionals dominate the BLS data of the highest paying occupations with an average salary over $229,300 per year. You may also be interested in our list of the highest paying trades.

What is the happiest career in the US?

According to a 2023 Gallup report on work, 88% of workers reported being at least somewhat satisfied with their jobs. What this means is job satisfaction is individual. While one person may feel happy teaching, another may despise it.. A happy career is one that suits your personality, values, and lifestyle.

Which jobs are in most demand in the US?

Jobs in the medical field are in high demand and pay well. According to the BLS, nurse practitioners experienced the highest growth rate in 2023, with median pay over $121,610. Wind turbine service technicians are also in high demand; median pay is $57,320.


Photo credit: iStock/Delmaine Donson

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Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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22 High Paying Trade Vocational Jobs in 2023

22 High-Paying Trade Vocational Jobs in 2024

People tend to think of vocational jobs — which require special skills and training, but not necessarily a college degree — as paying less than careers that call for higher education. But there are plenty of vocational jobs, in a wide range of fields, that can provide a competitive paycheck. And those jobs can be both personally rewarding and vital to the economy.

If you aren’t sure college is in your future — because of the cost, the time commitment, or the desire to pursue a skilled job for which you have a passion — read on to learn more about which vocational jobs are among the highest paying.

Key Points

•   High-paying vocational jobs offer lucrative career opportunities without requiring a traditional four-year college degree.

•   Examples of high-paying vocational jobs include electricians, dental hygienists, aircraft mechanics, and radiologic technologists.

•   These jobs often require specialized training, certification, or an associate’s degree.

•   Vocational jobs can provide job security, competitive salaries, and opportunities for advancement.

•   Pursuing a vocational career path can be a viable option for individuals looking for well-paying jobs without a bachelor’s degree.

What Is a Vocational Job?

Vocational occupations generally require using specific skills that may be learned with hands-on training and/or classroom instruction — through an apprenticeship, for example, or at a vocational school or community college.

People may assume vocational jobs are mostly manual labor (think plumbers or machine operators), but that isn’t always the case. Many vocational jobs are done in an office setting, or in a hospital, airport, or school. And increasingly these jobs can require serious technical skills. So even though a vocational job won’t require a degree, workers may have to earn certain licenses or certifications to prove their proficiency, find employment, or advance in their career.


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Reasons for Applying for a Vocational Job

If you look up the word “vocation” in the dictionary, you’ll see that it’s sometimes used to describe a strong desire or “calling” to do a certain kind of work. And for workers in many vocational careers — bakers, hair stylists, carpenters, landscapers — the work they do is truly their passion.

But there are other reasons why workers might pursue a vocational job, including:

Eagerness to Enter the Workforce

Because a vocational job doesn’t require a four-year degree, workers can get a head start on life:

•   Get into the labor force faster.

•   Start earning a competitive salary or hourly wage.

•   Begin saving and investing money.

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Avoid Heavy Student Debt

Vocational school costs less than a four-year college, which can mean spending less upfront and graduating with no loans or lower student loan payments.

Follow in Someone’s Footsteps

If the family business is HVAC repair, a bakery, or salon, it might have been a goal since childhood to lean into that legacy.

A Less Traditional Path

Some extremely successful entrepreneurs, including tech executives like Bill Gates and Mark Zuckerberg, built their empires without earning a college degree. A college education can be a plus, but it isn’t a must for everyone.

Job Security

There likely will always be plumbers, auto mechanics, electricians, and cooks. And those aren’t the only vocational jobs that offer stability and competitive pay. Check out the U.S. Bureau of Labor Statistics’ current list of the “Fastest Growing Occupations,” which projects job growth to 2032. You’ll see wind turbine service technicians, occupational therapy assistants, solar panel installers, and several other vocational careers.

Recommended: The Highest-Paying Jobs in Every State

Pros and Cons of Pursuing a Vocational Job

Besides saving money and time on a four-year degree, there are other positives to pursuing a vocational career, including:

•   Unlike a career that requires a bachelor’s degree or higher, you probably won’t have to spend time studying material unrelated to the job you want.

•   Even while you’re in training, you’ll be making contacts that can help you in your career.

•   Many vocational jobs are stable and in high demand.

But there are some downsides to training for a vocational job:

•   If your education or training is too narrow in scope, you may have to go back to school if you decide to transition to a new job.

•   Your vocational program may not qualify for some types of federal financial aid.

•   Specialized careers often require continuing education to update skills and renew certifications.

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Tips for Finding Vocational Jobs

If you think a vocational job might be right for you, here are some steps to consider as you get started:

Find a Mentor

Ask someone who is doing the job you’re interested in how they got started. They may be able to steer you toward a good training program, apprenticeship, or even a job.

Use Connections Made During Training

If you attend a vocational school, you likely will have access to networking events, career fairs, and job placement assistance. (Some programs offer lifetime placement assistance to their graduates.) Apprenticeships, certification courses, and even high school vocational programs may also offer opportunities to connect with potential employers.

Consider Enrolling in Job Corps

Job Corps is a free federal program that offers education, on-the-job training, and career assistance for young adults (ages 16 to 24). Career opportunities are available in a variety of fields, including automotive repair, manufacturing, construction, hospitality, renewable resources, health care, and homeland security.

Check Employment Sites and Job Boards

Many popular job boards include listings for apprenticeships and vocational jobs, as well as information on how to begin your job search.

22 High-Paying Trade Vocational Jobs in 2024

The money you can earn in any vocational job will vary depending on several factors:

•   Education and training

•   Certifications and credentials

•   Experience

•   Job difficulty

•   How much work you’re willing to put in

With that in mind, here are some high-paying vocational jobs to consider in 2024. (Average wages and job growth outlook are from Bureau of Labor Statistics data.)

1. Air Traffic Controller

Median Annual Salary: $132,250

Job Description: Coordinate the safe movement of various aircraft as they arrive and depart the airport.

Duties May Include: Using computers, radar, and visual references to direct air and ground traffic. Monitoring weather conditions. Alerting pilots to potential emergencies.

Entry Level Education Requirements: Associate degree plus training program

Job Outlook: 1% (little or no change)

Getting Started: Air traffic controllers typically earn an associate degree from an Air Traffic Collegiate Training Initiative (AT-CTI) program. Controllers also must meet several Federal Aviation Association (FAA) requirements, complete training at the FAA Academy, and obtain FAA certification.

2. Commercial Pilot

Median Annual Salary: $148,900

Job Description: Pilot a plane or other aircraft for a business, individual, or organization.

Duties May Include: Navigating and flying planes, helicopters, or other aircraft. Managing flight crew and interacting with ground crew. Assisting in maintenance and recordkeeping. Interacting with passengers.

Entry Level Education Requirements: Varies by employer

Job Outlook: 4% (as fast as average)

Getting Started
: To get a commercial pilot certificate, applicants must meet federal requirements for age and flight hours. They also must pass a physical exam, including a vision test. And they must earn the FAA-issued certificates and ratings required for their job. For more on commercial pilot requirements, see our guide to paying for flight school.

3. Nuclear Technician

Median Annual Salary: $100,420

Job Description: Assist physicists, engineers, and others doing nuclear research and nuclear energy production.

Duties May Include: Using computers and other equipment to monitor and help operate nuclear reactors.

Entry Level Education Requirements: Associate degree

Job Outlook: -1% (little or no change)

Getting Started: Many community colleges and technical institutes have associate degree programs in nuclear science, nuclear technology, or related fields. The amount of on-the-job training required to become a nuclear technician varies from one employer to the next and may be based on previous experience and education. Technicians often are expected to update their training throughout their career. Several certification programs are available.

4. Elevator and Escalator Mechanic

Median Annual Salary: $99,000

Job Description: Install and repair elevators, escalators, moving walkways, and related equipment.

Duties May Include: Testing, maintaining, and repairing electrical lines and control systems. Keeping inspection records.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 1% (little or no change)

Getting Started: This work, which is both technical and physical, requires participating in an apprenticeship program through a union, employer, or industry association. In many states, you must be licensed.

5. Radiation Therapist

Median Annual Salary: $89,530

Job Description: Use radiation equipment to treat cancer patients, typically in a hospital, doctor’s office, or outpatient center.

Duties May Include: Explaining treatment plans. Treating and monitoring patients. Updating records.

Entry Level Education Requirements: Associate degree

Job Outlook: 2% (as fast as average)

Getting Started: Accredited associate degree programs typically offer both classroom and hands-on training. Most states require some type of licensing or certification.

6. Dental Hygienist

Median Annual Salary: $81,400

Job Description: Provide screenings, treatment, and preventive care for oral diseases.

Duties May Include: Taking X-rays, cleaning teeth, advising patients about good oral hygiene, keeping records.

Entry Level Education Requirements: Associate degree

Job Outlook: 7% (faster than average)

Getting Started: Look for a dental hygiene degree program accredited by the Commission on Dental Accreditation, which should offer both classroom and clinical education. To become certified as a Licensed Dental Hygienist (LDH), you must also pass any state-required licensure exams.

7. MRI Technologist

Median Annual Salary: $67,180

Job Description: MRI technologists produce diagnostic images for patients at health-care facilities.

Duties May Include: Working with physicians and patients to get requested diagnostic images using an MRI scanner.

Entry Level Education Requirements: Associate degree

Job Outlook: 6% (about average)

Getting Started: Some states require MRI techs to complete an accredited training program before they can be licensed. Accredited MRI programs typically require applicants to have an associate degree for acceptance. If you’re heading to school with this job in mind, you may want to focus on anatomy, biology, and other health-related courses.

8. Aircraft and Avionics Equipment Mechanics and Technicians

Median Annual Salary: $70,740

Job Description: Mechanics and technicians work in hangars, repair stations, and at airfields, repairing and maintaining aircraft and equipment.

Duties May Include: Diagnosing problems, repairing malfunctioning systems, installing new equipment.

Entry Level Education Requirements: Varies by employer

Job Outlook: 4% (as fast as average)

Getting Started: Mechanics and technicians typically attend an FAA-approved aviation school, but some may gain their skills while in the military or on the job. You don’t have to have a degree, but you must be FAA-certified to work on aircraft.

9. Wholesale or Manufacturing Sales Representative

Median Annual Salary: $67,750

Job Description: Sell goods for wholesalers or manufacturers to a variety of businesses and other organizations, including government agencies.

Duties May Include: Working with clients in person and remotely to meet sales quotas and ensure quality customer service. Many sales representatives are given a specific geographical territory to cover.

Entry Level Education Requirements: Can vary depending on what’s being sold. Some products may require more technical knowledge than others

Job Outlook: 1% (little or no change)

Getting Started: Companies may offer a formal training program for sales employees that can include learning about all aspects of the product, from manufacturing to distribution. Certification and continuing education may be required.

10. Occupational Therapy Assistant

Median Annual Salary: $63,450

Job Description: Help patients work on skills needed for daily living and working.

Duties May Include: Working with therapists and patients to regain or improve basic life skills, such as getting up from a bed or chair, and walking. The job requires physical strength, patience, and good communication skills.

Entry Level Education Requirements: Associate degree

Job Outlook: 23% (much faster than average)

Getting Started: Occupational therapy assistants typically must obtain an associate degree from an accredited program that includes both academic study and field work. Most states require licensure.

11. Electrician

Median Annual Salary: $60,240

Job Description: Install, maintain, and repair electrical systems for businesses and homeowners.

Duties May Include: Problem solving when electrical systems aren’t working properly, reading blueprints, laying wire, and connecting fixtures.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 6% (average)

Getting Started: This job can require both physical and technical ability. Some electricians attend a vocational program and then move on to an apprenticeship. Others may learn their skills in the military, while many go straight to a lengthy (four to five years) apprenticeship. Most states require a license to do this type of work.

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12. Plumber

Median Annual Salary: $60,090

Job Description: Plumbers install, repair, and replace pipes and fixtures in homes and buildings.

Duties May Include: Knowing building codes and mastering everything from new builds to regular maintenance and emergency fixes.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 2% (as fast as average)

Getting Started: Plumbers typically learn their trade through an apprenticeship or vocational program. Most states have licensing requirements.

13. Civil Engineering Technologist / Technician

Median Annual Salary: $59,630

Job Description: Help plan, design, build, and maintain infrastructure projects, including roads, railroads, bridges, and dams.

Duties May Include: Working in an office and in the field, civil engineering technicians and technologists assist in collecting and analyzing project data, preparing reports, designing projects, and monitoring project progress.

Entry Level Education Requirements: Associate degree

Job Outlook: 1% (little or no change)

Getting Started: Many vocational schools offer classes in engineering, design, computer software, and other areas related to this career. Look for a program that’s been accredited by the Board for Engineering and Technology.

14. Paralegal or Legal Assistant

Median Annual Salary: $59,200

Job Description: Serve as support staff for attorneys.

Duties May Include: Researching cases, typing, communicating with attorneys and clients, organizing files.

Entry Level Education Requirements: Associate degree

Job Outlook: 4% (as fast as average)

Getting Started: You may want to start by earning an associate degree in paralegal studies from a program approved by the American Bar Association. Some employers may offer on-the-job training. Though it isn’t required, some paralegal organizations offer paralegal certifications to students who pass an exam.

15. Broadcast, Sound, and Video Technician

Median Annual Salary: $53,960

Job Description: Operate various types of equipment for media programs.

Duties May Include: Setting up and testing electrical equipment. Knowing industry codes and standards. Communicating with clients about their specific needs. Continuing education and certification may be required.

Entry Level Education Requirements: Requirements vary; some employers may require an associate or bachelor’s degree

Job Outlook: 2% (as fast as average)

Getting Started: Because this is a technical job utilizing equipment that is constantly changing, it can be useful to enroll in a targeted vocational or community college program. There also are voluntary certification / credentialing programs that can help with advancement.

16. Auto Service Technician or Mechanic

Median Annual Salary: $46,970

Job Description: Inspect, maintain, and repair cars, trucks, and other vehicles.

Duties May Include: Communicating with customers. Using diagnostic equipment and experience to monitor and troubleshoot a variety of problems. Repairing and replacing car components. Record keeping.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 2% (as fast as average)

Getting Started: Although it isn’t always required, many auto service technicians and mechanics complete a vocational or associate degree program that includes classroom instruction and hands-on practice. Certificate programs in specific automotive repair categories are also available. Many employers require service technicians to become certified by the National Institute for Automotive Service Excellence.

17. Medical Records Specialist

Median Annual Salary: $47,180

Job Description: Compile and maintain patient files for a doctor’s office, hospital, clinic, etc.

Duties May Include: Managing patient charts and records for billing and other purposes. Preparing billing statements. Requesting information from nurses, doctors, and other sources to keep files updated.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 8% (faster than average)

Getting Started: Employers may provide on-the-job training for entry-level positions, but advanced training and courses in medical terminology, electronic health records, and medical billing may be needed for more complex duties. Employers may expect candidates to complete one or more certifications.

18. HVAC Installer / Mechanic

Median Annual Salary: $51,390

Job Description: Install and repair heating and air-conditioning systems in homes and buildings.

Duties May Include: Assembling, installing, and fixing HVAC systems.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 6% (faster than average)

Getting Started: Many HVAC technicians receive instruction from a vocational school or a community college. Programs typically take six months to two years to complete and can lead to certification or an associate degree. Some techs learn their trade through an apprenticeship or years on the job. Some states require technicians to be licensed, and the Environmental Protection Agency requires all who buy, handle, or work with refrigerants to be certified in proper handling.

19. Tractor Trailer Driver

Median Annual Salary: $49,920

Job Description: Long-haul truck drivers transport goods across the country.

Duties May Include: Using GPS and maps to plan a safe and efficient delivery route. Ensuring the tractor trailer is well maintained. Driving routes that require spending several days away from home. Navigating busy highways, backroads, and crowded city streets.

Entry Level Education Requirements: High school diploma or equivalent, plus training course

Job Outlook: 4% (as fast as average)

Getting Started: Long-haul truck drivers must have a commercial driver’s license (CDL), which could require passing a knowledge test and a driving test. Professional driving instruction is required to be a long-haul driver, so you’ll have to sign up with a private truck-driving school or community college program. Drivers must maintain a clean driving record and pass a physical exam every two years. They also must submit to random drug and alcohol testing.

20. Carpenter

Median Annual Salary: $51,390

Job Description: Design, build, install, and repair structures made from wood and other materials.

Duties May Include: Carpenters might do anything from building kitchen cabinets to contributing to major infrastructure projects. They must be able read blueprints, understand building code requirements, and do hands-on construction work.

Entry Level Education Requirements: High school degree or equivalent

Job Outlook: 1% (little or no change)

Getting Started: Most carpenters learn through an apprenticeship or on-the-job from experienced tradespeople. They may start out in other construction jobs before moving into carpentry. All carpenters are required to pass a safety course administered by the Occupational Safety and Health Administration.

21. Licensed Practical Nurse

Median Annual Salary: $54,620

Job Description: LPNs provide basic medical care for patients under the supervision of physicians and registered nurses.

Duties May Include: Monitoring patient health. Providing medical care and comfort. Record-keeping.

Entry Level Education Requirements: High school diploma or equivalent, plus training program

Job Outlook: 5% (faster than average)

Getting Started: LPNs must finish a state-approved educational program that can take a year or longer to complete, and they must be licensed.

22. Solar Panel Installer

Median Annual Salary: $45,230

Job Description: Solar panel installers (also known as solar photovoltaic installers) assemble and install solar panels on homes and other structures.

Duties May Include: Setting up, troubleshooting, and maintaining solar panels. Connecting panels to the grid.

Entry Level Education Requirements: High school diploma or equivalent

Job Outlook: 22% (much faster than average)

Getting Started: Some solar panel installers attend courses at a community college or vocational school. Others learn through apprenticeships or on-the-job training. Licensing requirements vary by state.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

The Takeaway

Vocational jobs can offer a competitive paycheck and an opportunity to use your skills to do something you’re interested in — or even passionate about. Another plus: The upfront education costs and time commitment can be significantly less than for a four-year or advanced degree.

Choosing a career that’s fulfilling, secure, and pays well can be a significant step toward achieving the life you want. Of course, it’s also important to develop healthy financial habits, such as building a budget you can stick to, paying your bills on time, and monitoring your credit score.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

With SoFi, you can keep tabs on how your money comes and goes.

FAQ

What is the best trade to learn in 2024?

Some of the best-paying and in-demand vocational careers for 2024 are also among the most challenging and fulfilling. They include jobs in transportation, construction, and health care.

What is the highest-paying vocational job?

Air traffic controllers are among the highest paid workers with vocational jobs.

What is the easiest high-paying trade?

Many high-paying vocational jobs require high-level technical skills, good communication skills, and/or physical strength and endurance. What can make any job easier is if the person doing it is good at it and feels fulfilled. Many vocational jobs have the potential to check those boxes.


Photo credit: iStock/alvarez

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Is 810 a Good Credit Score in 2024?

If you have an 810 credit score, congratulations. The score is considered excellent and could help you qualify for loans with more favorable terms or premium rewards credit cards.

Let’s take a closer look at what an 810 credit score means and some different strategies that could help boost your credit score.

What Is a Credit Score?

A credit score is a three-digit number that reflects a consumer’s creditworthiness, or ability to pay back loans in a timely manner. Scores range from 300 to 850. Generally speaking, the higher the credit score, the better you tend to appear to a potential lender.

The two most popular credit scoring models are FICO and VantageScore. To calculate your score, both use credit history information provided by the three major credit bureaus: Experian, TransUnion, and Equifax.


💡 Quick Tip: Your credit score updates every 30-45 days. Free credit monitoring can help you learn about your score’s normal ups and downs — and when a dip is cause for concern.

Reasons to Care About Credit Scores

There are several reasons why a good credit score is essential to your financial health. Here are three to keep in mind.

It can increase your chances of being approved for a loan

The higher your credit score, the more likely lenders will approve loan or credit card applications. Whether it’s to purchase a house, buy a car or private student loans, having access to loans can help you achieve some big financial goals. Note that some banks may also run credit checks before issuing you an account.

You may have access to better loan rates and terms

Lenders are more likely to offer consumers with better credit scores lower interest rates and more favorable terms because they’ve proven they pay back their loans on time. A higher credit score may also get you access to other types of products such as premium rewards credit cards.

You could save money

When you move into a new home, the utility company or your landlord may check your credit score to determine how much of a security deposit you’ll need to put down. Typically, the lower your score, the higher your deposit. Though the money is often refundable, it’s usually held in a third-party account that you won’t have access to. Potential employers may also run a credit check before you’re offered a job.

Is an 810 Credit Score Considered Good or Bad?

An 810 credit score is considered very good. In fact, just 21% of consumers in the U.S. have a credit score of 800 or higher, according to Experian. By comparison, the national average credit score is 715.

What Does an 810 Credit Score Mean?

Having an 810 credit score means you’ve proven through your credit behavior that you are likely to pay back loans on time. As mentioned above, a score of 800 or above places you in the top tier of consumers.

You are also considered to be in the “exceptional” range for your FICO score and “superprime” for your VantageScore. This means lenders are more likely to approve you for loans and offer you access to products such as loans with lower interest rates and premium credit cards. Landlords and utility companies may also ask for a lower security deposit amount (if at all).

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


How to Build Credit

Looking to build your credit? You have several avenues to explore. Below are a few to consider. Note that there’s no one-size-fits-all solution, so it’s a good idea to research all the options available to you.

Use a Credit Card

Even if you’re just starting out in your career or only have fair credit, you may still be able to be approved for a credit card. For instance, you can open a credit card that’s specifically for college students. Or you may want to consider a secured credit card, where you pay a refundable security deposit that acts as your credit line.

Whatever purchases and payments you make on the card are reported to the three major credit bureaus. This in turn helps to establish your credit history.

Become an Authorized User

An authorized user means that your name will be put on someone else’s credit card account. You can use the credit card much like the primary cardholder can, though this person is ultimately responsible for ensuring the minimum payments are paid on time.

If the primary cardholder has a good credit score, then their positive credit history may be added to yours.

Add Monthly Bills to Your Credit Report

Some free credit monitoring services will report your utility and rent payments to your credit report. Doing so can help build your credit history. Even if there is a small fee involved, it may be worth using for a few months, depending on your financial situation.

Take Out a Credit Builder Loan

Credit builder loans are designed to help borrowers who are looking to build their credit. They’re similar to a personal loan, except you don’t initially receive the loan proceeds. Instead, the money will be held in a separate savings account until you pay off the loan. Meanwhile, your payment activity will be reported to the credit bureaus.

How Long Does It Take to Build Credit?

It can take several months for you to establish and build credit. This is because credit scoring models need enough information from your credit history in order to assess your creditworthiness.

As you work on building your credit, do your best to practice good financial habits, such as making on-time payments.

Credit Score Tips

Even if you have an excellent credit score, it’s a good idea to keep up good credit behavior. This includes:

•   Consistently making on-time payments

•   Keeping your credit utilization, or the percentage of the available limit you’re using on revolving credit accounts, as low as possible

•   Avoiding applying for too many new loan or credit accounts at once

•   Keeping your longest credit card or loan account open

•   Regularly monitoring your credit score

•   Checking your credit history and immediately disputing any errors you find

How to Check Your Credit Score

Wondering how to find out your credit score for free? You have several options. The first is your credit card statement. Many credit card issuers provide customers with a complimentary look at their score. To find it, you may need to log into your account or check your monthly credit card statement.

Another option is to use credit score monitoring tools; some are free, others require a payment. Before opening an account, compare each tool to see which one best serves your needs.


💡 Quick Tip: One way to raise your credit score? Pay your bills on time. Setting up autopay can help you keep your account in good standing.

The Takeaway

It’s good news if you have an 810 credit score and a sign that you have a track record of paying back your loans. A good score may help improve your access to loans with better terms or premium or luxury credit cards. If you want to improve your score — or just maintain it — you can try practicing good financial habits, like consistently making on-time payments, keeping tabs on your credit score, and disputing any errors.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What is a decent credit score for a 23-year-old?

Chances are, at 23 you’re probably still building your credit. According to Experian data, the average credit score for people aged 18 to 25 is 679. If yours is higher, then it’s considered above average.

What is the highest credit score possible in 2024?

The highest credit score you can achieve is 850 for both FICO and VantageScore scoring models.

Is a credit score of 800 good at age 23?

Whether you’re 23 or not, an 800 credit score is considered excellent.


Photo credit: iStock/Makhbubakhon Ismatova

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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What is a Good Salary to Live In Florida for 2023

What Is a Good Salary to Live On in Florida for 2024?

A decent salary — one that allows for necessities, fun, and savings — might start around $69,000 for a single, childless person in Florida and $94,500 for a couple.

Why those figures? Using the 50/30/20 budget method, start with what MIT calls a living wage in Florida, which covers basic needs (50% of a salary). Add entertainment, vacations, restaurant meals, more shoes for the collection, and other “wants” (30%). Factor in 20% to be saved.

Even adding one child to a household greatly increases expenses (as if any parent needs to be reminded). A looser definition of a good salary for a working adult with a working partner and a child, based on the MIT Living Wage Calculator, could be somewhere in the neighborhood of $129,800.

Of course, your actual cost of living will depend on the city, size of your household, and your spending needs and habits. Read on for a breakdown of what it may take to say you earn a good annual salary in Florida.

Key Points

•   A good salary in Florida depends on factors such as location, industry, and individual needs.

•   The cost of living in Florida is lower compared to some other states.

•   The median household income in Florida is around $59,227.

•   A good salary in Florida can range from $50,000 to $100,000 or more, depending on various factors.

•   It’s important to consider expenses, lifestyle, and financial goals when determining what constitutes a good salary in Florida.

Is It Expensive to Live in Florida?

Florida was one of the two fastest-growing states in the U.S. in 2023, the Census Bureau says, and it’s easy to see the draw.

It’s a state with no income tax, moderate property taxes, lots of sunshine, and plenty to do and explore. Corporate and sales taxes are lower than those of most other states.

Despite those perks, it isn’t the cheapest state to live in. Florida had the 29th lowest cost of living in the U.S. in 2022, according to data gathered by the Missouri Economic Research Information Center (MERIC). That means 28 states had a lower cost of living, with Oklahoma the cheapest place to live.

Some cities are as sizzling as the summers. If you’re Miami-bound and plan to rent or buy, for example, that’s when you’ll especially need to check your finances. Miami-Dade is the second-least affordable place in the U.S. to live, according to the February 2024 RealtyHop Housing Affordability Index.


💡 Quick Tip: Online tools make tracking your spending a breeze: You can easily set up budgets, then get instant updates on your progress, spot upcoming bills, analyze your spending habits, and more.

What Is the Average Annual Salary in Florida?

Whether a salary can be considered “good” or not in Florida can depend on several factors, including where you choose to live. Proximity to a big city or beach can draw residents who are willing and able to pay more. So can living in an area known for high-end amenities (like shopping, nightlife, and cultural attractions) and luxurious homes.

The median household income among Floridians is $67,919, according to the latest data from the U.S. Census. That means, of course, that half of the state’s households bring in more than that, and half bring in less.

That figure compares with the median household income in upscale Collier County (which includes Naples and Marco Island) of $82,011. In Monroe County (Key West), it was $80,111. In Palm Beach County (Palm Beach, Wellington, Boca Raton), it was $68,874. And in St. Johns County (St. Augustine, Ponte Vedra), it was $100,020.

On the other hand, the median household incomes in landlocked and lesser-known Glades and Hendry counties in the south, and Hamilton County on the Georgia border, were $37,221, $49,259, and $47,668, respectively.

So what is a good salary in Florida, if you’re talking about one that goes beyond basic needs and allows for “wants” and savings?

A registered nurse pulls in an average base salary of nearly $79,000, according to Indeed. That’s a good income for a single person with no children in most parts of Florida as viewed through the 50/30/20 budget lens.

One Floridian with no children needs to net $46,645 to cover necessities like groceries, a modest rental, health care, and transportation, the MIT Living Wage Calculator shows. Doubling that provides room for discretionary spending (30%) and savings (20%).

Recommended: What Is Competitive Pay?

What Can Affect Affordability in Florida?

As you can imagine, one of the biggest factors affecting how far your salary will go in Florida is housing. Housing costs can vary widely, depending on where you decide to settle and on whether you buy a house or condo. But home and rent prices across the entire state have risen sharply over the past few years.

The cost of insurance coverage — homeowners, health, and auto — also is generally higher than in many other states. Many home and condo owners also must pay for federal flood insurance, which is on the rise.

Still, owners of primary homes may get a property tax break with the homestead exemption, which decreases the property’s taxable value by as much as $50,000.

That doesn’t mean that everyone who lives in the Sunshine State is living large. The state’s median household income in 2022 (the Census Bureau’s most recent number) was just over $67,000 — while the median U.S. household income was closer to $74,580.

And although the state’s minimum wage will rise to $13 this year with more bumps expected in 2025 and 2026, Florida is one of the states impacted most by inflation, according to the U.S. Congress Joint Economic Committee.

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


What Are Some Average Annual Expenses in Florida?

How should you expect to divvy up your income if you live in Florida? Here are some costs you may want to plug into a money tracker app:

Housing

Whether you rent or buy a home, a major portion of your paycheck will likely go toward putting a roof over your head.

A couple of Florida cities appear on this price-to-rent ratio list. The ratios can be useful when considering whether to rent, buy, or invest.

Also useful if you haven’t owned a principal residence in the past three years or you’re a veteran: first-time homebuyer programs in Florida.

If you’re buying …

Florida’s housing market continues to be red hot, with prices in January 2024 up 4.5% compared with the same period last year, according to Redfin.

Here’s a look at median sale prices in cities across the state for that same period.

Cocoa: $227,500

Daytona Beach: $262,200

Marco Island: $1.34 million

Miami: $599,000

Ocala: $239,450

Orlando: $369,000

Palm Beach: $1.9 million

Stuart: $370,000

Tampa: $393,000

If you’re renting …

Rents are all over the place in Florida, as you can see from the list below. Here are some recent median monthly rents for two-bedroom properties, according to Zillow.

Cocoa: $2,000

Daytona Beach: $1,695

Marco Island: $8,000

Miami: $3,250

Ocala: $1,725

Orlando: $2,095

Palm Beach: $12,000

Stuart: $2,850

Tampa: $2,117

Groceries

The U.S. Census Household Pulse Survey Family Budget Calculator ranked Florida 5th highest for food costs in the U.S. in 2024.

Here are the monthly costs for some Florida counties, based on a family of four (two adults and two children in a household where most food is purchased at a grocery store and prepared at home), according to the Economic Policy Institute Family Budget Calculator.

Brevard County: $1,081

Collier County: $1,173

Hamilton County: $960

Hillsborough County: $1,070

Miami-Dade County: $1,143

Monroe County: $1,304

Palm Beach County: $1,183

Washington County: $853

Utilities

Florida ranks 2nd in the U.S. for utility costs, according to data gathered by Statista. Of course, utility costs can vary depending on whether you rely on natural gas or solar, the size and age of your home, your appliances, etc. But here’s what Statista says are the average monthly utility costs in Florida.

Electricity: $128.64

Natural Gas: $61.69

Water: $45.44

Phone: $114

Broadband Internet: $59.99

Gasoline

According to GasBuddy’s interactive gas price map, Florida’s gas prices are about average compared with other states. But again, the cost can vary depending on where you live.

Here are GasBuddy numbers for some Florida counties in March 2024.

Brevard County: $3.02 per gallon

Hillsborough County: $3.10

Miami-Dade County: $2.79

Orange County: $2.99

Palm Beach County: $2.99

Sarasota County: $3.21

St. Johns County: $3.09

Walton County: $3.09

Child Care

The cost of child care can depend on how old your kids are and if you choose an at-home or classroom setting. According to CostofChildCare.org, the average cost per month in Florida is $989 per child for home-based family care, $1,364 for an infant classroom, $790 for a toddler classroom, and $702 for a preschool classroom.

Which City in Florida Has the Lowest Cost of Living?

According to NewHomeSource, the Florida city with the lowest overall cost of living is Titusville, followed by Winter Haven, Lauderdale Lakes, Daytona Beach, Sanford, Largo, Lakeland, Deltona, Jacksonville, and Pinellas Park.

A few of those, as well as more affluent cities, have a sizable retiree population. Yes, Florida is a senior magnet. (See: Winter Haven.) By 2030, the number of seniors in Florida is expected to top 6 million.

How Much Money Do You Need to Live Comfortably in Florida?

“Comfort” is a subjective term in any context, as we all have different wants and needs when it comes to our lifestyle.

If you plan to spend more time outside doing things that are inexpensive or free, you may find it’s easier to embrace financial minimalism by living in the Sunshine State.

If, on the other hand, you long to reside in one of Florida’s bigger cities or near the beach, you may have to ask for a bigger salary than you’d need in a less expensive location. That’s especially true if you’ll be living on a single income.

Either way, it may be useful to consider your priorities and whether your income will cover those costs. Can you be happy without owning a boat or being a member of a golf club? Do you tend to live below your means or overspend? Are annual passes to Disney a must?


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

The Takeaway

Florida can be an expensive place, mostly because the cost of renting or owning a home has gone up so much. But with a good salary — by one definition at least $69,000 for a single, childless person — and a solid spending plan, you can enjoy the laid-back Florida lifestyle.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

SoFi helps you stay on top of your finances.

FAQ

What is a livable salary in Florida?

MIT’s Living Wage Calculator says a livable salary for a single person in Florida with no children is about $46,000 before taxes.

What job in Florida pays the most?

Cardiologists, emergency room physicians, and orthopedic surgeons are the highest earners in the state, according to the Bureau of Labor Statistics.

Can you live on $30,000 a year in Florida?

You may find it challenging, especially when it comes to finding a place to live. But if you share a home and other expenses, find affordable health care, and budget carefully, $30,000 a year could be enough to get by on in Florida.


Photo credit: iStock/Pgiam

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

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Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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What is a Good Salary to Live in Texas for 2023

What Is a Good Salary to Live On in Texas for 2024?

What’s considered a “good” salary in Texas depends on your household size and lifestyle, but most Texans make between $45,000 and $100,000 annually.

Texas cities have differing costs of living, of course — Austin is much pricier than Amarillo — so where you live in the Lone Star State also matters. Let’s break it down further.

What Is a Good Salary for Texas?

A good salary, in many people’s minds, is one that allows an earner to save, take vacations, eat out, and so on. But before we can calculate that amount, we need to look at the average income required to cover basic needs in Texas.

Each year, MIT releases living wage figures — the income that one or two working adults, with or without children, must earn to pay for basic living expenses. Living wage numbers are expressed as an hourly rate, and it’s assumed that the person will work full time.

Wages needed to cover basic needs are as follows:

Recommended: What is The Difference Between Transunion and Equifax?

Living Wage for 1 Adult
No children $20.92
1 child $35.39
2 children $43.60
3 children $56.61
Living Wage for 2 Adults, 1 Working
No children $28.89
1 child $34.44
2 children $38.55
3 children $41.27
2 Adults, Both Working
No children $14.44
1 child $19.78
2 children $24.20
3 children $27.97

If you multiply the hourly figure by 40 hours a week and 52 weeks, you’ll get the living wage as an annual salary. For an individual with no kids, that comes out to around $43,500.

That income would pay for rent and utilities, minimal food, healthcare, child care, and other basics. But it’s not enough to cover takeout, restaurant meals, a deluxe apartment, vacations, or savings for retirement or a house.


💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

Average Annual Salary in Texas

So what is a good yearly salary in Texas? According to MIT, the top three professions in Texas pay an average of $113,000, while the three lowest paying fields average out to around $28,000. Most Texans then make somewhere in the middle. However, statewide figures can’t tell you what constitutes a good salary in larger cities like Austin, where the cost of living is much higher.

Another measure of what constitutes a good salary: one that allows you to purchase an average-priced home. The average home price in the Woodlands, one of the most popular suburbs in the country, is around $540,000. A buyer would need to make over $100K to qualify for a mortgage. In the Panhandle or Dallas, however, home prices are considerably lower.

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


Average Annual Expenses in Texas

When determining a living wage, MIT considers these expenses: food, child care, medical, rental housing, transportation, internet and mobile, civic, and annual taxes (including individual income tax, payroll tax, corporate income tax, and excise tax, but not property tax). By the way, “civic” is a catchall category that includes cultural attractions, hobbies, and pets, while “other” groups together clothing and personal care items.

As noted above, one adult with no children requires a gross income of $43,500 on average. This is how that income might allocated:

•   Food: $3,812

•   Child Care: $0

•   Medical: $2,992

•   Housing: $13,367

•   Transportation: $10,216

•   Civic: $2,165

•   Internet & Mobile: $1,468

•   Other: $3,903

•   Taxes: $5,584

Supporting a family of two working adults and three children requires an income of about $116,350, which breaks down as follows:

•   Food: $13,662

•   Child Care: $26,381

•   Medical: $9,734

•   Housing: $22,290

•   Transportation: $17,116

•   Civic: $5,191

•   Internet & Mobile: $2,048

•   Other: $9,841

•   Taxes: $10,088

To compare your spending to these figures, sign up for a free money tracker app.

How Much Money Do You Need to Live Comfortably in Texas?

Comfort is in the eye of the beholder. Some people want luxuries while others embrace financial minimalism. This is a “less is more” attitude to spending. People who follow this philosophy focus on purchases that will add meaning to their lives.

When determining the income you need to live comfortably, factor in where you fall on the minimalism to luxury spectrum. There’s no “bad” answer; it’s just important to be honest when budgeting. Also, what changes are you willing to make in order to save more? For instance, would you downsize your home?

Texans with a financial minimalist philosophy will be comfortable with less money than someone who strives for luxury. Minimalists often reap the benefits of living below their means, which can make room for having an emergency fund, spending in ways that are better for the planet, and stressing out less about finances.

If you’d like a more structured approach to saving and spending, the 50/30/20 budget can help. The three numbers represent the percentage of income that will be allocated to needs, wants, and savings, respectively.

Recommended: What Credit Score is Needed to Buy a Car?

Which City in Texas Has the Lowest Cost of Living?

Harlingen (pop. 71,925) has a cost of living that’s 20.4% lower than the national average, according to recent data from the Council for Community and Economic Research. Harlingen is in the Rio Grande Valley about 30 miles from the Gulf of Mexico. Its median home sale price was $290,600 in March 2024.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

The Takeaway

What is a good salary in Texas? It depends on your family size, location, and spending habits. Most individuals make between $45,000 and $100,000. You’ll need an income on the higher end of that range if you’re living in Austin, with its high cost of living. In Harlingen, on the other hand, where the cost of living is 20.4% lower than the national average, you can get by on much less. With that in mind, a good salary in Texas is between $55K and $73K. To live comfortably anywhere, it helps to track your spending and saving.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What is a livable salary in Texas?

The answer depends on your spending habits, locale, and how many people live in your household. The living wage for a single worker with no children is $43,500 before taxes, which is just enough to cover necessities. Two working adults with two children need a gross income of $100,689 to cover basic needs

What is considered rich in Texas?

To be considered middle class in Texas, you’ll need to earn between $44,865 and $133,926, according to 2023 data from SmartAsset. In order to move into the upper class, you’ll likely need to earn more than $133,926.

What is the top 1% income in Texas?

You need to earn more than $631,000 per year to be in the top 1% in Texas. This is similar to the national average.


Photo credit: iStock/gustavofrazao

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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