Oftentimes, you hear people talking about 4 figures on different occasions. For instance, your friends may tell you that they are earning 4 figures salary, or your employer may tell you that you need to make 4 figures in sales to get a 20% commission. But do know how much is 4 figures? If you are not sure about the meaning of 4 figures, you aren’t the only one who feels this way! Luckily, this guide is created to help you understand the meaning of 4 figures in relation to money.
What Is the Meaning of 4 Figures in Money?
In simple terms, four figures in relation to money mean any amount that’s equal to or greater than $1000 but less or equal to $9,999. Mathematically, this statement can be written as 1000≤$≤9,999. Since the amount you get is not something you can share with people, you may consider saying four figures if someone else wants to know how much you make.
In the United States, four figures salary was common in the 1900s. For example, in 1920, the average annual income for most workers was $3,269.40, according to IRS report. However, as a result of inflation, the figures shifted from 4 to 5 digits in the 1990s. As a matter of fact, full-time workers in the US are currently making a median weekly income of $1,041, according to the recent Bureau of Labor Statistics press release, which is considered a four figures wage.
What Is a 4 Figure Salary?
4 figure salary refers to a monthly income of between $1000 and $9,999. For example, you may consider yourself a four-figure salary earner if you take home $3,500 per month. 4 figure salary is extremely low income for workers living in developed countries like the US, UK, AU, and Canada. And it can be tricky to survive in these countries with this kind of salary as the cost of living is high.
Those living in developing countries like Africa, Asia, and some parts of South America can comfortably survive with a 4 figures salary. This is because they don’t need a lot of money to cover basic expenses such as food, healthcare, commuter, and rent. For example, the average cost of a meal in a US restaurant is $15 while in South Africa is $8.91—a difference of $6.09.
Is 4 Figures a Good Salary?
The simple answer is: it depends. There are a few things to consider before saying four figures salary is enough such as location, family size, and personal needs. If you are working and living in a developing country, four figures salary is pretty good. But workers in countries with a high cost of living like the US and UK, actually struggle to survive with this kind of monthly income.
Another important factor to consider is range. Your salary may lie in the lower, middle, or upper range. For instance, $1,100, $4,500, and $9,900 lies in different ranges. If you earn a monthly salary of $9,900, you are in a better position to survive than those making $1,100 per month.
You can also consider 4 figures salary enough or not enough depending on the time you take to make that amount. It doesn’t matter if you make 4 figures amount in a day, week, month, or year, but is an essential factor.
How Much is 4 Figures a Year?
When people say they make 4 figures a year, it means an amount between $1,000 and $9,999. In fact, with this kind of annual salary, the lowest amount you can earn is $1,000 while the largest is $9,999. Most of the people who make this amount of money per year are in part-time positions.
In the US, individuals making 4 figures salary are students as most of them consider part-time jobs like freelance writing, VA assisting, babysitting, and pet walking. With these gigs, they can quickly make extra money for financing their college expenses.
How Much Is 4 Figures a Month?
You can consider your monthly salary as four figures if it’s equivalent to or greater than $1000 and equal to or less than $9,999. While this kind of income seems not enough, especially if you live in a developed country, individuals making the upper range could survive without feeling the financial burdens.
How Much Is 4 Figures a Week?
Four figures a week means anything which lies between the range of $1,000 and $9,999. You should be proud of your job or business if you are making this amount in a week. Individuals with a weekly salary of four figures should expect an annual income of between $52,000 and $519,948, which is the national average wage according to the Social Security Administration.
How Much Is 4 Figures a Day?
Yes! There’s a chance to make 4 figures a day. If you make four figures in a single day, it simply means that your daily income is equivalent to or over $1,000 but less or equal to $9,999. The chances of getting this kind of opportunity are paper thin.
You require special skills to get to this level. Some people around the world who earn such amounts are athletes, artists, actors, and workers in executive positions. Besides these individuals, founders of top companies in the United States such as Walmart, Amazon, Apple, Microsoft, and much more are making 4 to 5 figures in a day.
4 Figure Salary Jobs Near Me
Almost every opportunity out there can offer more than 4 figures salary per year. Even if you are in part-time positions with an hourly pay of $2.5, you’ll still hit 5 figures. But when people talk about four figures salary in a month, it means they are referring to the amount they get from their side hustles.
If you are looking for four figures salary jobs, you can try the following part-time gigs:
Many of these jobs offer hourly rates. To make a decent income while working in these positions, you require tipping or combining two or more side hustles. You can be a bartender for 5 hours and a ticket taker for 3 hours.
How Much Is 4 Figures: Conclusion
If your goal is to make 4 figures in a single day or week, there’s only one important thing you need to do—work smart, not hard. There are many ways you can achieve your financial goals, but you need to take time and think outside the box.
If you have a talent, work towards improving it. In fact, talented individuals like professional footballers, musicians, and actors are making four figures in a single day by just using their skills. And they don’t have long working hours to achieve this amount.
Now that you understand how much is 4 figures, it’s up to you to push your income from the low range to the high range of the 4 figures. For example, individuals earning a monthly salary of $3,500 could consider getting a side hustle to boost their monthly income.
We hope you enjoyed this article. Please check out our post on How Much Is 5 Figures in Money? The Complete Guide for more helpful tips and ideas!