Americans who make $30-70k household income, how much do you save up per month and where do you live?

49 comments

  1. I make $58,000 a year and currently save around $1,000 month in a small village east of Cleveland but that’s also because I’m not married nor have kids.

  2. I have to live with my parents on my income (no clue what I make per year, I get paid so differently depending on the hours I work, and sadly my hours were just slashed, but if I had to guess I’d say 30k per year), but everything that I don’t need to pay for stuff goes towards my school loans. So, not much saving. I live in Massachusetts.

  4. I have money taken out of my paycheck each pay period that goes into my 401k and a small amount goes into a Health Savings Account, which counts as pre-tax income that I can use for healthcare related purchases such as co-pays, other medical bills, and over the counter purchases like first aid or allergy medication.

    As for like dedicated cash savings, I’ve got about $25k built up over the years and honestly I haven’t been adding more to it lately. I probably should buckle down and put more in, but with costs going up its tough to do so.

    I make about 40k-ish a year.

  7. I make 60-64k a year depends on bonuses I live in a medium-ish town in Missouri and I save 500 a month in my 401k outside of that I have kids a mortgage etc. so the rest just kinda disappears and it’s a- lot of paycheck to paycheck

  9. Married 23 and 22 year olds with no kids in Knoxville, TN. Net annual household income is about $64,000. Currently not saving because we are putting around $1,000-$2,000 per month above min payments toward student loan debt. Can reasonably expect to finish the loan debt and save to buy a house without FHA loan within 5 years. Will likely be accelerated by significant rise in income expected within the next 12 months for each of us.

  11. I make a hair shy of $60k. I put 7% in my 401k and my company matches it. I’m aggressively paying off a debt at the moment, but normally I put away about $800 to $1000 a month from my take home pay.

  12. I was in that income range for most of the last 25 years. I moved around. I saved as much as possible, usually around 5-10% plus another 5% or so invested.

  13. A little less the 500 a month. I try to maintain 5k emergency fund anything over gets invested or play money.

  14. Per year about $6000. Per month it’s wildly variable since I may save up two hundred for a few months in order to buy something worth $600 once I have that much saved. I bought a condo at the height of the market this year, which takes a solid 50% of my income. I don’t regret it because my other option was to rent at an even higher cost, but I wish my housing cost was lower.

    I live in Connecticut, earn about $48k a year.

  18. I make just under 40k a year and after rent, utilities, groceries, etc I manage to save about $300 a month.

    I should note that I spend an extra $250 a month on my car payment that I technically don’t need too but that’s me trying to pay it off faster. If I saved that instead it’d be $550 a month. Once I have the car paid off in a year and half, I’ll be able to save $900 a month.

    This doesn’t include my 401K through my employer though I have also yet to set up an IRA which I will probably do next year.

    I live in a small town in northern Illinois

  19. I make round 65,000 a year, save roughly 1k a month. In cash, and another 900 in 401k. Could be more but I’m spending money on stupid stuff, and traveling to see family.

  20. I make $45k a year but only take home about $30k (county worker, so I pay into a lot of stuff). Even though I am single, live by myself with dirt cheap rent, and have no kids … I still save nothing yet, because I’m still getting caught up after more than a decade of making significantly less. I *should* start saving soon, maybe to the tune of $500 a month, but in the meantime I have so many tools, books, and toys I want to buy and a lot of (admittedly optional) fixing up to do on my rental.

  21. 10% pre-tax goes to 401k and I usually have 500-1000 a month left after paying the bills, depending on discretionary spending or expenses that come up. This is at the upper end of the provided range in NE Ohio.

  22. When I made that, it was pre-baby and I saved about $800 to $1000 a month.

    Now I make more than that but with the baby, insane inflation, and a house upgrade I don’t save nearly that much lol

  23. I made $65k until a recent raise put me over the given threshold.

    We were doing okay until we lost a roommate. It’s me, my SO, and two roommates living in a place. We were fine dividing rent 4 ways until a roommate started not paying rent (and I ended up covering it because I made the most) and then that roommate eventually moved out entirely – leaving a lot of their junk behind. We started just hemorrhaging money at that point.

    Fortunately by that point I had a pretty healthy savings account. Otherwise we would have been totally screwed.

  24. $41,000 pre tax in CT. I have a couple of grand saved up, but generally there is nothing being saved

  25. When I used to make that much I’d save money by not having a car payment, not having a phone payment, not having a cable bill, not having kids, not having student loans, not having a credit card, etc

  26. Probably anywhere between -200 and +400. Over time I save a couple hundred bucks on average

  27. An hour north of the Twin Cities, I make $52k and save 1,000 a month

    Own my own home, no spouse or kids

  28. That’s such a wide range. Idk how much I save tbh but I save enough to live comfortably. I make 75k

  29. Chicago suburbs, $30k is not enough to live on. You could survive on that 20 years ago. Not today. I make under $70k and put 7% into a 401k plus $400/mo into an IRA. Also my checking account grows until I need a home repair. Then I have to grow it again until the next home repair.

    Most of my ability to save is due to housing costs. If I still rented it would be less. I bought a cheap house in 2015 just as the housing market was recovering. I saw the housing market moving up and jumped on it while it was still somewhat cheap.

    If I had to pay rental prices these days, my savings would be half what I am able to do now, but I wouldn’t have to pay for home repairs. Those expenses could have gone to savings.

    Six of one, half dozen of the other. I do like having a yard that is my own rather than relying on local parks. But I have to deal with repairs rather than letting a landlord handle it.

  30. My income is $12,000/yr, so poverty level. I live in iowa, get food stamps and heating assistance. Car, student loans, and house are paid for. I still can’t save anything. I’m usually out of money by the 15th. I also currently have a furnace that won’t work in 23° weather. It won’t be fixed until Thursday. Welcome to my world!

  32. I made the high end of that (~68k) before the pandemic. I lived in Seattle and saved probably $1000/month? I didn’t pay that much attention and it varied month to month because I worked partly on commission. I guess it also depends how you define “save”. Some of that went into retirement, some went into a rainy day fund and some went towards vacations and other random stuff. Also relevant is my lifestyle at the time. I could have saved more, but I ordered takeout for dinner most nights, ate out at restaurants for lunch most workdays, went out drinking with friends occasionally.

    I lived in an apartment that was part of the MFTE program, which basically gave the building a tax break for having 20% of units a discounted rate going to people who made 80% or less than the area mean income. So my 1 bedroom apartment was $1500/month at the time. I lived walking distance to work and took public transit everywhere else, so no car payments and my employer paid for my bus pass. So my monthly payments were definitely lower than average for the area, but it was a situation that other people making the same amount of money could be in.

  33. We are in that range and a family of 4.
    When we are both working we save a good bit monthly. Right now we are down to just one income, there is no savings, but we still have everything we need.
    Despite one income we don’t qualify for any assistance or discount programs, so we just use every penny.

  34. Western Michigan

    Maybe $200 – $400 right now? Hit pretty hard financially lately after moving to a new state.

    Had two jobs last year and that was sweet (not on my mental or physical health, though)

  36. For context, I am in my mid 20’s and in my first job after school that’s in my field. I have a long term girlfriend and we split the cost of bills, rent, groceries, etc.. I make 43k a year. Which isn’t a lot considering I have a master’s degree. But living in a mid sized city in the Midwest, I’m able to save up about $12-1400 a month.

  37. I should be able to save a fair amount but I have terrible spending habits. Thanks for reminding me of my flaws.

  39. I make about 68k right now. I’ve managed to save about $600-$700 a month since getting a second job but I’d be completely broke if I didn’t have the second job. I live about 2 hours north of NYC.

  40. I make 20k a year and I can save. I put away $40 a week automatic withdrawal. I don’t even miss it. I’ve saved up over 11k since 2019. the secret is just keep adding to it and never touch it.

  44. Savings? hahaha I have too much debt at least in my opinion so I’m actively paying it down each month. Maybe next year I’ll start saving

  46. 30k a year mean you live paycheck to paycheck zero savings and likely to overdrawn the account before the next check.

    Reference
    Me I did that for a decade before I could bearly get my neck above water only after I payed off me car.

  47. Saving. 😂My household makes substantial more (grateful), so I can only empathize with people. Never enough money.

  48. I make 40k and have for the last 6 years. I am paycheck to paycheck and lucky if I can buy myself a bottle of lotion or good toilet paper. I’m always on the brink of disaster and almost got evicted last month because I had to pay $350 for my dog to get her blood checked because she has seizures and I need her medication.

    I live in Denver for the past 2 years. Virginia before that for 3 and grew up in Northwest Ohio. Every place has been more expensive but also time has risen prices considerably. When I first rented it was $330 a month for a 1 bd about 18 yrs ago. 10 yrs ago I had a 2 bd townhouse for $850 a month. 5 yrs ago I had a luxury loft for $1200. Now I pay $1800 to live in the shittiest part of Aurora. It would cost me more to move out AND it would downgrade my Sq ft space if I left now.

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