Orlando, Florida, is a dynamic and exciting city with much to offer its residents. From world-famous theme parks and a thriving job market to a diverse culinary scene and ample outdoor activities, there’s something for everyone. However, it’s important to consider factors like the cost of living, traffic, and the need for a car when deciding if Orlando is the right place for you. Not sure if O town is for you? Read on to find out what to expect if you’re considering a move to the Orlando area in 2024.
You know it from: Sisters, Sharknado 3, The Florida Project
Average 1 bedroom rent: $1,779 | Orlando apartments for rent, Orlando houses for rent
Average home price: $409,000 | Orlando homes for sale
Average cost of full-service moving services: $112/hr for 2 movers
Average cost to rent a moving truck: $19 – $39/day
Top industries: Hospitality and Tourism, Healthcare, Aviation and Aerospace, Information Technology
Move here for: Water sports/recreation, the food scene, the weather
Be sure to bring: A bathing suit and sunglasses
1. Theme parks galore
Orlando is home to some of the most famous theme parks in the world, including Walt Disney World, Universal Studios, and SeaWorld. These parks attract millions of tourists each year, which means residents often have easy access to world-class entertainment and attractions. However, it also means that certain areas can be crowded, especially during peak tourist seasons.
Moving Tip: Locals often take advantage of annual passes and visit during off-peak times to avoid the crowds.
2. Must love thunderstorms, heat, and humidity
Orlando’s climate is characterized by hot, humid summers and mild winters. Summer temperatures often soar into the 90s with high humidity, making air conditioning a necessity. Thunderstorms are frequent in the afternoons during the summer months. On the flip side, winters are pleasantly mild, with temperatures rarely dipping below 50°F. This makes Orlando an ideal place for those who enjoy warm weather year-round.
3. A serious culinary scene
Orlando offers diners an incredible culinary scene, featuring everything from food trucks to fine dining. The city is known for its variety of international cuisines, reflecting its diverse population. Areas like Winter Park and Thornton Park are popular dining destinations, offering everything from trendy cafes to high-end restaurants. The annual Epcot International Food & Wine Festival is a must-visit for food lovers.
4. Growing job market
Orlando’s job market is booming, particularly in the hospitality, healthcare, and technology sectors. Major employers include Walt Disney World, AdventHealth, and Lockheed Martin. The city has also become a hub for tech startups and innovation, with the University of Central Florida fostering a strong talent pool. This growth has led to a competitive job market, with numerous opportunities for career advancement.
5. Cost of living is average but housing can get pricey
The cost of living in Orlando is right around the national average, with housing about 5% higher than the average. Popular neighborhoods like Lake Nona and Baldwin Park can be quite pricey. However, there are more affordable options in areas like College Park and MetroWest. It’s important to budget accordingly and consider commuting options if you choose to live in a more affordable suburb.
6. You probably need a car
Orlando’s public transportation system is not as extensive as in other major cities. The primary mode of public transport is the Lynx bus system, which can be time-consuming and inconvenient for daily commutes. The SunRail commuter train offers limited service but is expanding. Most residents find that owning a car is essential for getting around efficiently.
7. Water sports are a big deal
Orlando offers plenty of opportunities for outdoor activities and sports. Lake Eola Park in downtown Orlando is a popular spot for walking, jogging, and paddle boating. The city’s numerous lakes and parks provide ample space for kayaking, fishing, and picnicking. For those who enjoy golf, Orlando boasts several world-class golf courses.
8. One of the largest universities in the nation is in Orlando
Orlando has a robust education system, with numerous public and private schools rated highly by parents and educational authorities. The University of Central Florida is one of the largest universities in the country and offers a wide range of programs. Valencia College is another well-regarded institution, providing affordable education and transfer pathways to universities.
9. Summer gridlock is a thing
Traffic congestion is a common complaint among Orlando residents, especially during rush hours and tourist seasons. The I-4 corridor is notorious for its traffic jams, and navigating around theme park areas can be frustrating. However, the city is continually working on infrastructure improvements to alleviate some of these issues.
10. Your pets will love it here
Orlando is very pet-friendly, with numerous parks, trails, and even restaurants that welcome pets. Areas like Lake Baldwin Park offer off-leash dog parks where pets can roam freely. Many apartment complexes and rental homes are also accommodating to pet owners, making it easy to find a suitable place for you and your furry friend.
11. The arts and culture scene is top-notch
The arts and culture scene in Orlando is thriving, with numerous theaters, galleries, and music venues. The Dr. Phillips Center for the Performing Arts hosts a variety of performances, from Broadway shows to concerts. The Orlando Museum of Art and the CityArts Factory are great places to explore local and international art. Festivals and events, such as the Orlando Fringe Festival, add to the city’s cultural richness.
Moving Tip: The Orlando Science Center, Gatorland, and the Crayola Experience offer fun and educational experiences for children.
12. So many (nearby) beaches, so little time
Orlando is centrally located, making it easy to access both the Atlantic and Gulf coasts. Popular beach destinations like Cocoa Beach and Clearwater Beach are about an hour’s drive away. This proximity allows residents to enjoy beach outings without the need for long travel times.
13. Quality healthcare is easy to access
Orlando is home to some top-notch healthcare facilities, including AdventHealth Orlando and Orlando Health. These institutions offer a wide range of medical services and are known for their quality care. The presence of these healthcare giants ensures that residents have access to excellent medical attention when needed.
14. Sports enthusiasts rejoice
Orlando is a great city for sports fans, with professional teams like Orlando Magic (NBA) and Orlando City SC (MLS). The city also hosts various sporting events, including the annual Citrus Bowl and PGA Tour events. Kia Center and Inter&Co Stadium are popular venues for catching live sports action.
Methodology: Average rent prices sourced from Rent.com July 2024. Home prices sourced from Redfin July 2024. Average moving costs sourced from MoveBuddha. Employment data sourced from The Orlando Real.
Good dental health can be essential to your overall well-being, but the cost of dental work — even after dental insurance — can make it challenging to pay upfront. According to the American Dental Association (ADA), the average cost of a porcelain or ceramic crown is $1,213, while the cost of a root canal can range as high as $1,539 for a single session.
A dental credit card is a white-label version of a credit card intended to be used on dental care expenses. It is one way to cover these costs in smaller, more manageable installment payments. Although a credit card for dental work can serve as a useful financing tool, it’s also important to be mindful of the caveats of using credit for dental care.
What Is a Dental Credit Card?
A dental credit card is a credit card that’s designed specifically to pay for your out-of-pocket dental health care costs. These cards are typically offered in dental offices that accept the particular medical card it advertises as a form of payment.
Like a basic credit card, a dental credit card requires patients to undergo a credit check for qualification. The card’s use is limited to dental offices within the card issuer’s network for the purpose of financing your dental bills.
Dental care credit cards typically have high interest rates, even if they offer a temporary deferred interest period.
Recommended: Tips for Using a Credit Card Responsibly
How Do Dental Credit Cards Work?
Your dental provider’s office might mention a dental credit card as a payment option if you’re unable to cover the expense in one lump sum. Typically, the office facilitates the process of completing your application for credit approval, but it is not financing the cost directly. In other words, your dental office isn’t the lender.
Instead, credit for dental care is provided by a third-party credit card issuer. Similar to how a conventional credit card works, your application is reviewed by the issuer’s underwriting team, and your credit history and score are evaluated.
If you’re approved, the card issuer will send you a physical credit card that you can use for services at an in-network health care office up to your approved credit card limit. Your dental provider is paid in full by the card issuer, and you’ll repay the issuer through monthly payments, plus interest if you carry a balance.
Deferred Interest Periods on Dental Credit Cards
Some credit cards for dental work offer zero interest charges for a limited period, also called deferred interest. This option can be advantageous if you’re confident that you can successfully repay the full balance before the deferment period ends.
However, if there’s a remaining balance after the deferment period ends, interest charges that accrued throughout the deferment period are added to the principal balance that’s due. Additionally, the new higher balance continues to accrue interest charges at the dental credit card’s APR, or annual percentage rate.
Because of this, use medical credit cards for dental work cautiously, as it’s a high-interest financing option that can lead to higher medical debt if you’re unable to repay your dental expenses quickly.
Recommended: What Is a Charge Card
Choosing a Dental Credit Card
When applying for a credit card specifically for dental care expenses, make sure you ask about the card’s features, terms, annual percentage rate (APR), and how it calculates interest during and after any deferment period.
If you’re approved, ensure that your dental office provides you with a copy of your dental credit card’s disclosure agreement. Also pay attention to the agreed-upon amount for any dental services you receive so you can verify that the card was charged for the correct amount.
You’ll want to note the deferment dates for your card, if any, and the interest rate you’re offered. That way, you can make enough monthly payments to repay your balance in full before interest kicks in.
Paying for Dental Care If You Have Bad Credit
Getting approved for a dental care credit card might be challenging if you have bad credit. If you’re in a difficult position and need help paying for expensive dental work now, here are some options to explore:
• Inquire about a low-fee payment plan. Even if your dental provider doesn’t typically offer payment plans, it’s worth asking. They might accommodate you.
• Shop around with other dental providers. Prices vary across dental offices, so compare costs across a handful of affordable sources. You might consider a non-profit dental clinic or a dentistry school.
• Seek help from a family member. Ask a relative if they’re willing to offer a low-interest loan for your dental care.
• Explore local government programs. Some state and local governments offer low-cost dental care programs to residents.
Alternatives to Dental Credit Cards
If a dental credit card isn’t an option for you, there are a handful of other financing options to cover dental work, such as the cost of a root canal.
Credit Cards With 0% Interest Rates
Other types of credit cards, like a 0% APR card, are a good alternative to dental care credit cards. They offer a promotional period — sometimes from six months to 18 months — during which you don’t incur interest charges.
This kind of card may differ from deferred interest programs. With some promotional APR cards, interest only starts accruing on your outstanding balance after the promotional period ends. Still, the credit card rule applies to try to pay off your balance in full before the promotional period ends to avoid paying interest.
Payment Plans Through Your Provider
Some medical providers offer a payment plan at no additional cost or at a small installment fee. In this situation, you’re arranging low installment payments directly through your dental office until you’ve repaid your balance in full.
Not all dental offices offer this type of payment plan. But if yours does, it can work with you to create a custom monthly payment amount and due date that’s manageable for your finances.
Personal Loans
Compared to a dental credit card, personal loans might offer lower interest rates for qualified borrowers. A low-interest personal loan achieves the same result as a credit card for dental work in that you can chip away at your outstanding balance in small increments, plus interest.
Among the main differences: You’ll receive a lump-sum loan disbursement from your lender that can be used to pay your dental office upfront. Also, you may find that a personal loan has a lower interest rate than what a credit card would charge you.
Recommended: How to Avoid Interest On a Credit Card
Help From Relatives
Seeking financial assistance from a close relative can help you avoid dental care debt. When asking for help, clarify whether any available funds are a gift or need to be repaid.
If it’s the latter, discuss the repayment window and additional interest (if any). Also talk about expectations if you’re suddenly unable to make payments due to, say, an injury or job loss.
The Takeaway
Getting a credit card designed to pay for dental work can be useful if you’re faced with an urgent oral treatment or procedure and need fast financing. However, the high interest rates of credit cards for dental work compared to other financing options can make it a financially risky option.
Whether you’re looking to build credit, apply for a new credit card, or save money with the cards you have, it’s important to understand the options that are best for you. Learn more about credit cards by exploring this credit card guide.
FAQ
What credit score do I need to get a dental credit card?
Credit score requirements vary by credit card issuer, but generally, you’ll need at least fair credit. However, a higher score can help you qualify for more competitive interest rates.
Is a dental care credit card hard to get?
Dental care credit cards are commonly offered online or at your provider’s dental office, so applying for a card is typically straightforward. However, being approved for a dental credit card involves many factors, like your credit history, income, debt-to-income ratio, and other factors.
Should I pay for dental care with a credit card?
If you don’t have the cash flow to pay for your dental costs upfront, using a dental credit card helps you cover costs in small, monthly payments. That being said, doing so might cause you to incur high interest charges, so evaluate your financial situation and your options.
Can I get a dental loan with bad credit?
Dental loans for patients with bad credit are available, though they might come with high interest rates, low limits, or other restrictive factors.
Photo credit: iStock/zadveri
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.
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.
If you’re on TikTok or Reddit, it’s likely you’ve come across a tenacious rumor: That it’s better to invest in life insurance than a 401(k) for retirement. So, is it true?
Life insurance vs. 401(k)
Life insurance isn’t an investment, while a 401(k) is a type of investment account offered through your employer. Permanent life insurance (which offers lifelong coverage) isn’t an investment, and its exorbitant fees erode the money you pay into your policy and any earnings you might make for the first decade.
“It was very strange to me that there were so many life insurance salespeople all over TikTok, basically soapboxing about life insurance, like it was the next big thing like it was the most amazing investment on Earth,” says Vivian Tu, founder of Your Rich Bff, a TikTok channel that focuses on financial education, based in Miami Beach, Florida.
Can life insurance grow like an investment account?
In some cases, yes. There are some types of life insurance, such as whole life insurance or universal life insurance, that have the ability to increase in cash value. But how do some of those policies earn money like an investment return? By tracking market indexes.
One of the features touted by TikTok influencers is that returns made on insurance policies aren’t affected by the overall stock market, but that isn’t necessarily true. The insurance companies may invest in the stock market with part of their portfolio, which is technically a portion of a policy owner’s premium. Though some policies provide fixed returns, some depend on current interest rates and investments. Some policies have you pick the stock or bond indexes for your policy to mirror, such as the S&P 500, and the insurance company pays you interest based on how those indexes perform.
Life insurance vs. 401(k): Fees
If life insurance can earn stock market interest in a way similar to that of a 401(k), what’s the issue?
The issue is that, depending on the policy, the staggering fees insurance policies charge often wipe out the amount you would get back from those premiums and any investment returns.
For example, if you pay the premium for seven to 10 years, most of those premiums go toward the cost of providing that insurance. In addition, there are administrative fees and the agent’s commission, though you may not see a commission listed on a statement and it may be difficult to figure out exactly how much those commissions are. Those commissions aren’t a one-time payment: You may continue to pay them for seven to 10 years, or as long as the policy is active.
The premiums you pay that cover fees don’t sit in an account waiting for you to cash them in. If you pay into a 401(k) for a decade, you get to keep all that money less any fees and investment losses. With an insurance product, it’s only after a decade (again, depending on your policy) of monthly payments that you actually start accruing premium money and interest in a cash value account the insurance company holds for you.
That interest percentage is less than you can get in a high-yield savings account and far less than the stock market’s long-term average of 10% (not accounting for inflation).
Insurance policies also have significant surrender charges, which are fees you have to pay if you withdraw money from your policy early. These charges are often so large that they can dramatically reduce the net value of your policy until the first few years pass.
For example, if you wanted to take money out of your policy after the first two years, your surrender charge would likely be so high that there would be little to no money to take out. These charges eventually reduce to zero, but it can take 10 to 16 years.
While 401(k)s do charge a 10% penalty if you want to take money out of your account before you’re 59½, that 10% is likely to be far less than a surrender charge. Plus, there are lots of exceptions to the 401(k)’s 10% penalty, including disabilities, the birth of a child, medical expenses and emergency personal expenses.
If you were to invest in the stock market through a 401(k), you wouldn’t lose 10 years’ worth of investment dollars to the cost of insurance, and your management fee would likely be less than 1%.
“The idea that 401(k) fees are higher than an insurance product that would be serving as an investment, I don’t even know how you support that idea,” says Georgia Lee Hussey, a certified financial planner and founder of Modernist Financial, a wealth management firm in Portland, Oregon.
Insurance fees are complex
In addition to paying commissions and exceptionally high fees, you may not even know how much you’re paying because insurance fee structures are so complicated.
“Whole life policies are basically called the black box of insurance policies. You can’t really see what’s happening inside them,” Hussey says. “You can understand the internal expense ratio sometimes but you usually have to go deep into the disclosure documents to understand what the insurance company is really getting paid.”
If you purchase insurance through an agent or broker (or a TikTok influencer), it’s possible that that person will be making a commission, and that’s on you to figure out.
“When you actually look into it, you realize that all of these people are, in fact, life insurance brokers. They don’t even work at life insurance companies that provide the policies,” Tu says. “The vast majority of them are not fiduciaries, so they are not legally obligated to do right by you financially.”
On the topic of using insurance to invest, it’s good to remember two cardinal rules of investing: If it sounds too good to be true, it probably is. And if you can’t explain it clearly to a friend, you probably don’t understand it, which could be a sign to steer clear.
As Tu says: “It’s insurance. It’s not an investment.”
An installment loan consists of a lump sum of money you repay over time. Auto loans, personal loans and mortgages are common examples of installment loans.
The term installment loan, sometimes called “installment credit,” refers to a financial agreement wherein a lender offers you a lump sum of money you’ll have to repay over time. People tend to seek installment loans for big purchases like a new car or financing for a home. Effectively repaying your loan in full and on time can elevate your credit score.
We’ll thoroughly discuss installment loans in this guide, weigh their pros and cons and help you decide if this funding is right for you.
How do installment loans work?
A person can acquire an installment loan by applying with a financial institution such as a bank or credit union. Each lender has distinct criteria they’d like applicants to meet and specific loan terms.
On average, installment loans can offer borrowers anywhere from $1,000 to $100,000 and typically have repayment periods that range from one to 30 years.
If you’re approved for an installment loan, the lender will provide you with the funds to use for whichever purpose is outlined in your loan agreement. Then, you’ll be expected to repay the money you borrowed in weekly or monthly installments — plus any interest generated by your loan’s annual percentage rate (APR).
Interest rates play a substantial role in your loan repayment plan. When you carry a balance on a loan, your APR will be factored in to determine how much interest you’ll be responsible for. If you have a six percent interest rate and you have a balance of $100 due, you’ll end up paying 50 cents in interest. The lower your remaining balance is, the less interest you’ll pay for the remainder of your loan.
Installment loans differ from revolving credit (like a credit card) in terms of use. With an installment loan, you borrow money for a specific purchase and then pay it off for good. With revolving credit, you repeatedly borrow and repay funds for various purchases in perpetuity.
Do installment loans affect your credit score?
Installment loans influence your score in several ways. When you first apply for funds, lenders will review your credit report. This counts as a hard inquiry to the major credit bureaus and may briefly lower your score.
How you manage your loan repayments can also affect your score for better or worse; consistently paying your minimum balance for each billing cycle can significantly increase your credit score by demonstrating financial responsibility and vice versa.
Managing an installment loan also contributes to your credit mix — a factor that can potentially raise your credit score based on your current number of open accounts.
5 types of installment loans
A variety of installment loans are available for eligible borrowers. Below are five examples of some of the most common loans you’ll encounter.
Auto Loans
Auto loans help borrowers obtain vehicles with relative ease and gradually repay what they owe over several years. A person’s monthly car note is largely determined by auto loan rates, APR and their down payment amount. Auto loans for bad credit borrowers might offer smaller amounts or have stricter repayment terms.
Main advantage: Help borrowers lease or finance vehicles.
Main disadvantage: Good credit or more is needed for the best auto rates.
Buy Now, Pay Later Loans
When shopping online, you may be able to apply for a buy now, pay later loan. These funding options let you split a purchase into installments and spread across several weeks or months. These loans normally cover purchases between $50 to $1,500.
Main advantage: Splits eligible purchases into installment payments.
Main disadvantage: It’s easy for people to borrow more than they can afford.
Mortgages
Mortgages are some of the largest and longest-lasting installment loans a person can apply for. Banks typically offer mortgages with 30-year terms, though this can vary depending on things like the economy and a borrower’s credit profile.
Main advantage: This can help you purchase a home that you can eventually own.
Main disadvantage: Mortgages are hard to obtain and can be expensive in the long term.
Personal Loans
Personal installment loans can come in multiple forms, including debt consolidation, medical loans and joint loans.
Main advantage: Lump sum funding that can have versatile uses.
Main disadvantage: Normally comes with high interest rates and additional fees.
Student Loans
These are some of the first installment loans that people might be eligible for because they have more open-ended eligibility requirements. Government institutions and banks are usually willing to offer these loans to students with little or no credit history. They might even defer repayment until after graduation.
Main advantage: Low or no credit score requirements for students, eligible for debt forgiveness and deferment plans.
Main disadvantage: Come with loan caps and can take 10 to 30 years or more to repay.
Should I use an Installment Loan?
Installment loans are helpful for making important purchases, though one can potentially overborrow if they take out too many loans without a solid repayment plan set. You should use installment loans if you believe you can reliably make your minimum payment amounts each period.
If your financial situation changes, it’s important to notify your lender as soon as possible. Writing a goodwill letter that accurately explains your circumstances can pave the way for leniency and give you more time to marshal your finances.
How knowing your credit score can help you get a loan
People can use installment loans to help make major purchases and boost their credit, so long as they have a plan to repay what they owe. Knowing your credit profile can give you a better sense of the loans you’re currently eligible for. Get a free credit assessment from Lexington Law Firm today.
Are you looking for the best online jobs that pay daily? Online jobs that pay daily are great opportunities if you’re looking to earn money quickly and conveniently. These online jobs let you work from home or anywhere with an internet connection. There are many tasks that you can get paid to do, from taking…
Are you looking for the best online jobs that pay daily?
Online jobs that pay daily are great opportunities if you’re looking to earn money quickly and conveniently. These online jobs let you work from home or anywhere with an internet connection. There are many tasks that you can get paid to do, from taking surveys and playing games to writing and freelancing.
For me, I like work-from-home jobs that pay daily because of their flexibility and ease of starting, which is great if you want to get paid daily instead of waiting for a weekly or monthly paycheck.
Plus, some of the online jobs that pay daily below will allow you to earn a full-time income, or just some spare extra income – so you have flexibility to choose what will fit your schedule best.
Best Online Jobs That Pay Daily
Here’s a quick summary of my top online jobs that pay daily:
Below are the best online jobs that pay daily.
1. Blogging
Blogging is a great way to make money online and get paid daily. You don’t need to spend a lot to start, and all you need is a computer and an internet connection.
You can blog about any topic you like and I recommend to think about what interests you. Popular topics include travel, personal finance, lifestyle, and food.
To make money blogging, you can use ads, sponsored posts, and affiliate marketing. This means you earn money when readers see ads, companies pay you to write about their products, or you get a commission when people buy through your referral links.
Plus, because there are so many different ways to make money blogging, there is a good chance that you can earn several payouts throughout the month. I get money deposited into my bank account nearly every single day from my blog, which is nice!
I have a free training that you can take – How To Start A Blog FREE Course. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
2. Online surveys
Online surveys are a simple way to make extra money from home. You just need a computer or a cell phone with internet access. You can earn points (and redeem your points for cash and gift cards if you accrue enough) the same day as you answer surveys.
And, taking surveys doesn’t require any special skills. You just need to answer honestly, so it’s an easy and flexible way to bring in some extra cash.
Some paid survey sites where you can take surveys include:
Freecash
Prime Opinion
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Five Surveys
Branded Surveys
I’ve answered many surveys over the years. I liked doing them during short breaks in my day, like before and after work, during lunch, or while riding in a car. They are easy and usually only take a few minutes.
9
Swagbucks is a site where you can earn points for surveys, shopping online, watching videos, using coupons, and more. You can use your points for gift cards and cash.
10
Once you complete five surveys, you’ve earned $5, which you can cash out using the payout options offered by the site (such as PayPal cash and free Amazon gift cards).
10
Prime Opinion is a survey website that helps people to earn extra money by sharing their opinions at home. It’s a simple survey site to use: you share your thoughts, and they pay you for them.
3. Proofreading
Proofreading is a great online job that pays daily. As a freelance proofreader, you can invoice your clients after you complete a project and get paid the same day.
Writers often make errors in their work, and proofreaders help catch those mistakes. This job involves checking for grammar, spelling, and punctuation errors in different kinds of writing.
For example, proofreaders proofread blog posts, student papers, articles, ads, and more. It’s a flexible job you can do from home or anywhere in the world.
The pay for proofreading jobs can vary. Beginners might make around $20 to $25 per hour. With more experience, you could earn up to $50 or more per hour. Specialized fields like medical or technical proofreading may pay higher rates.
The best part is, you can start even if you have no experience as this is something you can learn. You will need a good eye for detail and a strong grasp of language to succeed.
If you enjoy reading and spotting errors, proofreading could be a fun and profitable job for you. Plus, it’s an excellent way to make money every day while working on your own terms.
You can learn more at 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).
10
This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
4. Bookkeeping
Bookkeeping can be a great online job that pays daily. If you like working with numbers, this is a flexible option for you. You can work from home and you don’t need a degree or much experience to get started.
Bookkeepers handle tasks like recording financial transactions and organizing receipts. They also create financial reports and manage budgets. Many businesses need these types of tasks done so that they can stay organized.
Many online bookkeeping jobs pay well, around $40,000 or more each year. This can be very good if you’re looking for a stable income from home.
You can learn more at Online Bookkeeping Jobs: Learn How To Get Started Today.
10
This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!
5. Play online games
Playing online games can be a fun way to earn money from home. There are many apps available that let you play games and collect real money or gift cards as rewards.
You can earn points (and redeem your points for cash and gift cards if you accrue enough) the same day as you play games.
Here’s a quick list of the top game platforms that pay real cash:
KashKick
Freecash
Swagbucks
InboxDollars
Game apps give real money rewards because they make money from ads and in-app purchases. They share some of this money with players like us to keep us playing their games.
Recommended reading: 23 Best Game Apps To Win Real Money
6. Sell stuff online
Selling things online is a great way to make money every day, and you can sell clothes, old phones, books, unused gift cards, kitchen items, and jewelry.
Many people have lots of items just lying around, so you could easily find things to sell without spending money on new stock.
You can quickly sell your items by listing them on sites like eBay, Craigslist, or Facebook Marketplace.
I have sold many items over the years and gotten paid the same exact day. It’s a great way to make money the same day with the things that you already have.
7. Transcriptionist
Transcription work is one of the top online jobs that pay daily with no experience needed to get started. Their job is to listen to audio or video files and type out everything that is being said. Transcriptionists need good listening and typing skills to do this job well.
One of the best things about transcription is you can work from home and have the flexibility to set your own schedule. This means you can work in the evenings, on weekends, or whenever you have free time.
There are different types of transcription jobs.
General transcription involves typing out things like interviews, podcasts, and videos.
Medical transcription requires you to type out doctors’ notes and medical records.
Legal transcription involves court hearings and legal documents.
Beginners can find work easily, especially in general transcription. You don’t need special training for most general transcription jobs. Sites like Rev, TranscribeMe, and Scribie are known for hiring beginners. They usually pay per audio hour, which means you get paid for each hour of audio you transcribe.
Beginners usually make $15 to $20 per hour, but your speed and accuracy can affect your earnings. The faster and more accurate you are, the more you can make.
As a freelance transcriber, you can invoice your clients after you complete a project and get paid the same day.
You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.
10
In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
8. Freelance writing
Freelance writing is a great way to earn money daily from home and you just need a computer and good writing skills. Many websites pay you to write articles, blog posts, and other content.
Freelance writers typically start at around $50 to $100 per article and with experience can earn over $1,000 per article.
I have been a freelance writer for years, for many different types of clients and different niches – travel, personal finance, lifestyle, and more.
As a freelance writer, you can invoice your clients after you complete a project and get paid the same day.
You can learn more at 14 Places To Find Freelance Writing Jobs – (Start With No Experience!).
9. Virtual assistant
Virtual assistants help businesses with tasks like managing emails, scheduling meetings, social media posting, helping with SEO on a business website, and making travel arrangements. Many companies look for virtual assistants because it saves them time and money.
I have had a virtual assistant for many years now, and she helps my business run much more smoothly so that I can focus on other tasks – it is a much needed service!
One of the best things about being a virtual assistant is the flexibility. They can often set their own schedule and work from anywhere.
Virtual assistants can work for one company or several clients at once. This can keep the work interesting and help you build a wide range of skills. Plus, you can offer different services like social media management, customer service, and research.
Payment can vary and some virtual assistants are paid hourly, while others get a set fee for each job. Many platforms let you choose the payment method that works best for you. This can be helpful if you prefer getting paid daily or weekly.
You can learn more at Best Ways To Find Virtual Assistant Jobs.
10. Online tutoring
You can make money by tutoring students online, and this job lets you share your knowledge with kids or adults who need help with their studies.
All you need is a computer, a good internet connection, and a quiet place to work. Many tutoring jobs pay well, around $30 per hour on average and up to $50 or $60 per hour for advanced subjects like SAT Prep or calculus (and other higher level math subjects). Some subjects even pay well over $100 per hour.
You don’t always need to be an expert to start. Some jobs only require you to be good at what you teach and be able to explain it well. This makes online tutoring a great job for college students and part-time workers too.
Some sites to find online tutoring jobs include Pear Deck Tutor (formerly TutorMe), Wyzant, and Course Hero.
As an online tutor, you can invoice your clients after you complete a tutoring session and get paid the same day. Typically, with these types of same-day pay jobs, your client will pay right away.
11. Data entry jobs
Data entry jobs involve entering or updating information in a computer system or database, such as by typing info from documents into a digital format.
One perk of data entry is the chance to work from home as many companies hire for remote jobs that pay daily, letting you balance work with other activities.
You can find data entry jobs on websites like Indeed, Upwork, and Remote.co. Many of these online jobs pay daily after you complete a project, which makes it easy to get quick cash.
You’ll need good typing skills for this work because your typing speed and accuracy are important since you’ll be working with lots of data.
These jobs can pay well, too. Pay rates can range from $20 to $35 per hour. The rate can depend on your skills and the company’s budget.
You can learn more at 15 Places To Find Data Entry Jobs From Home.
12. Freecash
Freecash is a fun way to make extra money online. You can get paid for trying out apps, playing games, and answering surveys. The tasks are simple and only take a few minutes.
When you sign up, you’ll find many different offers. Each offer can earn you coins, which you can convert into cash or gift cards. The rewards can be used for PayPal, bank transfers, free gift cards, or even crypto.
One great thing about Freecash is that you can start earning almost right away. On average, it takes about 17 minutes to earn enough coins for your first cashout. This makes it one of the quicker ways to earn online.
I have personally redeemed over $400 in free gift cards from Freecash, so I know this site is real.
Click here to sign up for Freecash.
13. Sell printables on Etsy
Selling printables on Etsy is a great idea because you only need to create one digital file per product, which you can sell unlimited times.
Printables are digital products that customers can download and print at home, such as grocery shopping checklists, gift tags, candy bar wrappers, printable quotes for wall art, and patterns.
You can sell printables all day long, which means that you can get paid each day.
You can learn more at How I Make Money Selling Printables On Etsy.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
14. Website testing
Website testing is a great way to earn money online and get paid right away. Many companies will pay you to test their websites and apps, and all you need is a computer or mobile device and you can start making money.
You don’t need any special skills to get started either – most website testing platforms just want your honest feedback on how easy their site is to use.
Common tasks as a website tester include checking links, testing navigation, and reporting any issues. You might also be asked to complete certain actions, like making a purchase or signing up for a newsletter.
The pay you can make for website testing varies. Some tests pay as little as $5, while others can pay up to $90 for more detailed work. Generally, you can expect to earn around $10 to $30 per hour depending on the platform and the complexity of the test.
Platforms like UserTesting and IntelliZoom are popular choices. They have frequent testing opportunities and pay through PayPal, which makes it easy to get your money quickly.
In a typical week, you might get 1 to 3 testing opportunities. This makes it a good side hustle, especially if you need extra cash quickly. Plus, it’s a flexible job you can do from home or anywhere with an internet connection.
For me, I have personally hired a website tester to test my website, Making Sense of Cents. They sent over a video of their screen and them talking, where they talked about what they liked and didn’t like about my website. I found it very helpful to see what someone thought of my website from an unbiased view.
15. Dropshipping
Dropshipping is a great way to start an online business without much upfront cost. Dropshippers sell products directly to customers without having to keep the items in stock.
They choose a product, list it on their online store, and when someone buys it, they order it from a supplier (typically, this is done automatically). The supplier then ships it straight to the customer. And, you get paid the same day as the sale.
It’s important to pick the right products and reliable suppliers. Good suppliers help to make sure that customers get their orders quickly and in good condition.
You also need to market your store, of course. Use social media and online ads to attract buyers.
16. Microtask websites
Microtask websites give you the chance to earn money by completing small tasks. These tasks can be simple and quick, like answering surveys or testing apps.
One popular site is Amazon Mechanical Turk (MTurk). It’s known for its diverse range of tasks, such as transcription, writing, market research, moderating forums, labeling photographs, data collection, categorizing products, and more. You can pick what you want to do and get paid for each task you finish.
Fiverr is another option. You can list your skills, whether it’s writing, graphic design, voice-over work, or something else (there are literally thousands of different kinds of tasks that you can list). Clients hire you for gigs and you get paid once the job is done.
17. Translator
If you know more than one language, you can work as a translator. This job lets you use your language skills to help others understand different texts.
You will translate documents like medical, legal, or technical papers. You may even be translating articles or books. Many platforms allow you to sign up and start translating after passing a test.
Platforms, like Upwork, have many translation jobs. You set up a profile and showcase your skills, and you can choose the jobs that match your expertise and agree on a payment rate with the client.
Hourly rates for translators can vary. Some jobs might pay around $20 per hour, while more specialized or urgent work can pay up to $100 per hour. Your pay depends on the complexity of the job and your speed.
As a freelance translator, you can invoice your clients after you complete a project and get paid the same day.
Frequently Asked Questions
Below are answers to common questions about how to find online jobs that pay daily.
What app lets you work and get paid daily?
Apps like DoorDash, Postmates, and Instacart allow you to deliver food and get paid the same day. These are apps where you work in person and not strictly online.
How to make $25 dollars an hour online?
Freelance writing can help you earn $25 an hour if you’re a fast writer. Proofreaders can also make good money. For me, I am a full-time blogger and I make over $25 per hour online.
How to make money and get paid the same day?
To make money and get paid the same day, you can do things like freelance writing or proofreading, starting a blog, selling printables, taking online surveys, playing games online, data entry, and more.
What are free online jobs that pay daily without investment?
There are many online jobs that pay daily without investment that you can start, such as proofreading, bookkeeping, writing, and translating. There are also sites that you can sign up for and earn spare cash, such as by answering surveys, testing out cell phone apps, and playing games online.
What are remote jobs that pay daily?
There are many remote jobs that pay daily in areas like writing, proofreading, and bookkeeping. Website testing on platforms like UserTesting can pay quickly. Data entry jobs can also have frequent payout options. These jobs let you work from home and earn fast.
What are the best online jobs that pay daily for students?
There are many online jobs for college students that can pay daily, such as selling items on Amazon, answering paid online surveys, starting an online store, reselling items online, and more.
How To Find Online Jobs That Pay Daily
I hope you enjoyed this article on how to find the best online jobs that pay daily.
There are many online jobs that pay daily cash and even some where you can work online and get paid instantly.
These include blogging (my favorite way to earn income every day), answering online surveys, proofreading, bookkeeping, selling stuff online (I have done this many times and it’s easy!), transcribing files, writing, selling printables, website testing, dropshipping, and more.
These fast-paying jobs may pay via direct deposit, check, free gift cards, PayPal cash, and more. It all just depends on what you are looking for.
What do you think are the best online jobs that pay daily?
Welcome to the vibrant city of Minneapolis, where the beautiful Mississippi River flows and the Twin Cities’ unique charm shines through. Known for its thriving arts and culture scene, diverse neighborhoods, and stunning natural landscapes, Minneapolis offers a dynamic and welcoming environment for residents. So whether you’re searching for the perfect apartment in Minneapolis or a cozy home for rent in a quiet suburb, you’ve come to the right place.
In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of living in Minneapolis. Let’s get started and see what awaits in this vibrant and lively city.
Fast facts about living in Minneapolis
Population: Approximately 430,000 residents
Average rent: $1,435 per month for a one-bedroom apartment
Median home sale price: $351,000
Public transit: Metro Transit provides bus, light rail, and commuter rail services throughout the city
Public parks: Over 180 parks and green spaces for recreation and relaxation
Languages spoken: Multiple, reflecting the city’s diverse population
Annual tourists: Approximately 31 million visitors each year
Restaurants: Over 1,900, offering a variety of cuisines from around the world
1. Pro: Affordable cost of living
The cost of living in Minneapolis is about 6% lower than the national average, making it a more affordable place to live compared to other major cities. Housing costs, in particular, are 14% less than the national average, with the median sale price for a home in Minneapolis around $351,000 and the average rent for a one-bedroom apartment in Minneapolis about $1,435 per month. Utilities are about 5% lower than the national average, groceries are approximately 1% lower, and healthcare costs are about 3% less. This affordability makes Minneapolis an attractive option for individuals looking to enjoy a vibrant urban lifestyle without breaking the bank.
2. Con: High property taxes
Property taxes in Minneapolis can be relatively high, adding to the overall cost of homeownership. The city’s property tax rate is around .99%, which aligns with the national average. This higher rate can significantly impact homeowners’ budgets. While these taxes contribute to funding essential services and maintaining the city’s infrastructure, they can be a financial burden for some residents. For a home valued at $320,000, this translates to an annual property tax bill of approximately $3,168. Prospective homeowners need to factor in property taxes when planning their budgets.
3. Pro: Robust economy
Minneapolis boasts a robust and diverse economy, with strong job opportunities in various sectors such as finance, healthcare, technology, and manufacturing. The city is home to several Fortune 500 companies, including Target, U.S. Bancorp, and General Mills. Additionally, the Twin Cities area, which includes Minneapolis and its neighboring city, St. Paul, has a thriving startup scene and is known for its innovation and entrepreneurship. This economic diversity provides residents with a wide range of career opportunities and job stability.
Top employers in Minneapolis
Target Corporation
U.S. Bancorp
General Mills
Medtronic
University of Minnesota
4. Con: Harsh winters
Minneapolis is known for its harsh winters, with temperatures often dropping below freezing and significant snowfall. The winter season can be long and challenging, requiring residents to be well-prepared for cold weather and icy conditions. While the city is equipped to handle snow removal and winter maintenance, the extreme cold can be a downside for those who prefer milder climates. Residents often invest in high-quality winter clothing and vehicles with good traction to navigate the snowy roads.
5. Pro: Abundance of green spaces
Minneapolis is renowned for its extensive park system and abundance of green spaces. The city features over 180 parks, providing ample opportunities for outdoor activities such as hiking, biking, picnicking, and kayaking. The Chain of Lakes, including Lake Harriet, Lake Calhoun (Bde Maka Ska), and Lake of the Isles, offers beautiful scenic spots for recreation and relaxation. Minneapolis’ commitment to maintaining its parks and green spaces makes it an ideal place for nature lovers and outdoor enthusiasts.
6. Con: Limited housing inventory
Minneapolis has experienced a tight housing market in recent years, with limited inventory and high demand driving up prices. This can make it challenging for prospective homebuyers to find affordable housing options. The competitive market also means that homes can sell quickly, requiring buyers to act fast and be prepared with financing. While there are efforts to increase housing availability, the current shortage can be a significant obstacle for those looking to purchase a home in the city.
7. Pro: Rich cultural scene
Minneapolis boasts a rich cultural scene, with numerous theaters, museums, and music venues. The city is home to the renowned Guthrie Theater, the Walker Art Center, and the Minneapolis Institute of Art. Additionally, Minneapolis has a vibrant music scene, with a history rooted in genres such as rock, hip-hop, and Prince’s signature sound. The city’s cultural diversity is celebrated through various festivals and events, such as the Minnesota Fringe Festival and the MayDay Parade, offering residents ample opportunities for artistic and cultural engagement.
8. Pro: Strong sense of community
Minneapolis is known for its strong sense of community and civic engagement. Residents are often involved in neighborhood associations, community events, and local initiatives that promote a sense of belonging and collaboration. The city’s diverse neighborhoods, such as Uptown, Northeast, and Powderhorn, each have their own unique character and charm, fostering tight-knit communities where residents support one another. This strong community spirit enhances the quality of life and makes Minneapolis a welcoming place to live.
9. Con: Construction and roadwork
Minneapolis is undergoing significant development and infrastructure improvements, which can lead to frequent construction and roadwork. While these projects aim to enhance the city’s facilities and transportation networks, they can cause temporary disruptions and inconveniences for residents. Road closures, detours, and construction noise can impact daily life and commute times. Staying informed about ongoing projects and planning alternative routes can help mitigate some of these challenges.
10. Pro: Culinary diversity
Minneapolis features a diverse culinary scene, with a wide range of restaurants offering cuisines from around the world. From farm-to-table establishments and fine dining to food trucks and casual eateries, the city has something to satisfy every palate. Minneapolis is known for its craft beer scene, with numerous breweries offering locally brewed beers. Additionally, food festivals, such as the Twin Cities Burger Battle and the Minnesota State Fair, showcase the city’s culinary creativity and provide opportunities for residents to explore new flavors.
Popular restaurants in Minneapolis
Spoon and Stable
Hai Hai
The Bachelor Farmer
Young Joni
Surly Brewing Company
11. Con: Limited public transportation options
While Metro Transit provides essential bus and light rail services, the public transportation system in Minneapolis is limited compared to larger metropolitan areas. The city has a transit score of 55, a walk score of 71, and a bike score of 83. While biking and walking are viable options for many residents, those who rely on public transit may find the system lacking in convenience and coverage, particularly in suburban areas. Investing in a personal vehicle is often necessary for more extensive commuting.
12. Pro: Healthcare facilities
Minneapolis is home to several top-notch healthcare facilities, offering high-quality medical care to residents. The city has a number of renowned hospitals and clinics, including the University of Minnesota Medical Center, Abbott Northwestern Hospital, and Hennepin Healthcare. These institutions provide comprehensive healthcare services and are known for their research and innovation in medical treatments. Access to excellent healthcare enhances the overall quality of life for residents.
13. Pro: Sports and entertainment
Minneapolis has a vibrant sports scene, with professional teams in football, baseball, basketball, and hockey. Residents can cheer on the Minnesota Vikings (NFL), the Minnesota Twins (MLB), the Minnesota Timberwolves (NBA), and the Minnesota Wild (NHL). The city’s sports venues, such as U.S. Bank Stadium and Target Field, host a variety of events, including concerts and other entertainment. Additionally, Minneapolis has numerous theaters, music venues, and art galleries, providing a rich array of entertainment options for residents.
The average salary across the United States sits at $63,795, per the Social Security Administration. So an income of $300,000 per year — more than four times that figure — is by most standards a great salary for a single person in 2024.
Of course, even a large amount of money can come up short if you don’t have a solid budget in place or if you lead a particularly expensive lifestyle.
Below, we’ll dive into the various considerations.
Is $300K a Good Salary?
If you’ve just been offered a job with this figure in its compensation package, you may be wondering, “Is $300,000 a good salary for a single person?”
The thing is, there’s really no one-size-fits-all answer to that question. While $300,000 per year is substantially more than most people — or even most U.S. households — make, whether or not it’s comfortable for you depends on your lifestyle choices and expectations.
Track your credit score with SoFi
Check your credit score for free. Sign up and get $10.*
Median Income in the US by State in 2024
You may be wondering how much you make compared to your neighbors. Median yearly household income varies significantly by state, ranging from Mississippi’s $52,985 to Maryland’s $98,461. However, nowhere in America does the median household income come anywhere close to $300,000 per year.
State
Median Household Income
Alabama
$59,609
Alaska
$86,370
Arizona
$72,581
Arkansas
$56,335
California
$91,905
Colorado
$87,598
Connecticut
$90,213
Delaware
$79,325
Florida
$67,917
Georgia
$71,355
Hawaii
$94,814
Idaho
$70,214
Illinois
$78,433
Indiana
$67,173
Iowa
$70,571
Kansas
$69,747
Kentucky
$60,183
Louisiana
$57,852
Maine
$68,251
Maryland
$98,461
Massachusetts
$96,505
Michigan
$68,505
Minnesota
$84,313
Mississippi
$52,985
Missouri
$65,920
Montana
$66,341
Nebraska
$71,772
Nevada
$71,646
New Hampshire
$90,845
New Jersey
$97,126
New Mexico
$58,722
New York
$81,386
North Carolina
$66,186
North Dakota
$73,959
Ohio
$66,990
Oklahoma
$61,364
Oregon
$76,362
Pennsylvania
$73,170
Rhode Island
$81,370
South Carolina
$63,623
South Dakota
$69,457
Tennessee
$64,035
Texas
$73,035
Utah
$86,833
Vermont
$74,014
Virginia
$87,249
Washington
$90,325
West Virginia
$55,217
Wisconsin
$72,458
Wyoming
$72,495
Source: U.S. Census Bureau
Average Cost of Living in the US by State in 2024
Just as median income varies significantly depending on which state you’re in, so does the state-by-state cost of living. This means that $300,000 can go a lot further in, say, Arkansas than it would in California.
While these figures are just averages — and the state-wide cost of living can vary substantially depending on which city you live in — here’s the average cost of living in each of the 50 states:
State
Average Cost of Living
Alabama
$42,391
Alaska
$59,179
Arizona
$50,123/td>
Arkansas
$42,245
California
$60,272
Colorado
$59,371
Connecticut
$60,413
Delaware
$54,532
Florida
$55,516
Georgia
$47,406
Hawaii
$54,655
Idaho
$43,508
Illinois
$54,341
Indiana
$46,579
Iowa
$45,455
Kansas
$46,069
Kentucky
$44,193
Louisiana
$45,178
Maine
$55,789
Maryland
$52,651
Massachusetts
$64,214
Michigan
$49,482
Minnesota
$52,849
Mississippi
$39,678
Missouri
$48,613
Montana
$51,913
Nebraska
$37,519
Nevada
$49,522
New Hampshire
$60,828
New Jersey
$60,082
New Mexico
$43,336
New York
$58,571
North Carolina
$47,834
North Dakota
$52,631
Ohio
$47,768
Oklahoma
$42,046
Oregon
$52,159
Pennsylvania
$53,703
Rhode Island
$52,820
South Carolina
$46,220
South Dakota
$48,997
Tennessee
$46,280
Texas
$49,082
Utah
$48,189
Vermont
$55,743
Virginia
$52,057
Washington
$56,567
West Virginia
$44,460
Wisconsin
$49,284
Wyoming
$52,403
Source: U.S. Bureau of Economic Analysis
How to Live on $300K a Year
No matter what you earn, figuring out how to spend (and save) your money takes effort and planning. Although it may seem like, with a six-figure salary, you can just buy whatever you want, if you don’t take the time to lay out how much money you’re actually taking home each month — and how much needs to be set aside for regular, necessary expenses like housing, insurance, food, and utility bills — you could quickly find yourself eating into your savings or even spiraling into credit card debt.
A money tracker is a great way to get a bird’s-eye view of where your funds are really going. This can be a first step toward deciding where you want them to go, rather than letting them whisk themselves away.
How to Budget for a $300K Salary
Whether you’re earning an entry-level salary or sitting in the C-suite, a little bit of budgeting can go a long way. But how?
The first step in budgeting is to determine how much money you make each month, which, in the case of someone earning a $300,000 salary, is about $25,000 before taxes are taken out. Because state taxes can vary significantly, you’ll need to look at your own pay stubs or do the math to determine how much is left afterwards, also known as your “net” income.
Once you know your net income, you can begin to deduct your regular, expected expenses. These include your housing payment (like rent or a mortgage), insurance payments, utility bills, and other recurring regular expenses (like your Netflix subscription). You should also set aside a budget for required monthly expenses that may vary a bit but are still critical, like groceries and fuel, or transportation.
Now, you can subtract your monthly expenses from your monthly earnings to determine how much discretionary income you have to do with what you please, including setting aside at least some of it for savings.
Sounds like too much work to do this all on paper? Fortunately, there are plenty of budget planner apps that can make the process a breeze.
Maximizing a $300K Salary
Just because you earn a lot doesn’t mean you have to spend a lot. And if you’re careful with your over-average salary, you can save money for the future and help safeguard your lifestyle for the long run.
For example, if you saved just 10% of your $300,000 per year salary, that would be $30,000 per year into your emergency fund or investment account. Especially if you choose to invest it, that amount can really add up over a relatively short amount of time — increasing your overall net worth and potentially even giving you the opportunity to retire early!
Quality of Life with a $300K Salary
Because a $300,000 per year salary is so much higher than the average cost of living in most states, most people who earn this much will find themselves able to afford a very comfortable, high quality of living anywhere.
Of course, the money can still go further in some places than others. For instance, on $300,000, you might be able to afford a small mansion in Mississippi — or an 800-square-foot apartment in Manhattan.
Is $300,000 a Year Considered Rich?
Given that the average salary in the U.S. is about 21% of $300,000, yes, many would consider someone earning $300,000 per year by themselves to be rich.
However, in most states, you’d need to make substantially more than $300,000 per year to be in the top 1% of earners. The states where you’d come closest are West Virginia and Mississippi, where the top 1% earn at least $367,582 and $381,919 per year, respectively.
Is $300K a Year Considered Middle Class?
The amount of money you’d need to earn to be considered middle class varies depending on where you live. But according to the Pew Research Center, it’s between about $47,189 and $141,568 per year on average. Which is to say, no, $300,000 per year is not considered middle class in the vast majority of cities and scenarios.
Example Jobs that Make About $300,000 a Year
Don’t make $300,000 per year (yet), and curious about how to make the dream a reality?
You might consider opening your heart to cardiology, which, according to data compiled by SoFi, offers an average salary of $421,330 per year. Medical positions feature prominently among the top-paying jobs, with surgeons, radiologists, dermatologists, emergency medicine physicians, and anesthesiologists all earning more than $300,000 per year.
The Takeaway
A salary of $300,000 is substantially higher than the national average and certainly a “good” salary for a single person in 2024 by most peoples’ reckoning. That said, no matter how much you earn, bad financial habits can bite you in the long run, so don’t forget about your budget.
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
Can I live comfortably making $300K a year?
While everyone’s standard of comfort is individual, given how much higher $300,000 per year is than the average U.S. salary, yes, most people would be able to live comfortably on $300,000 per year. Even for high earners, however, having a budget is important. Making a plan for your money helps ensure you know exactly where each dollar is going rather than watching them fly away on their own.
What can I afford with a $300K salary?
With a $300,000 salary, you could afford a lot of things, including, depending on your overall applicant profile, a home priced close to a million dollars. With a high salary and the opportunity to save up money, you could likely afford luxurious vacations or high-end toys and gadgets, too. Again, though, a higher-than-average salary doesn’t preclude you from overspending or going into debt, so be sure to make a budget that accounts for all your necessary and discretionary expenses.
How much is $300K a year hourly?
For those who work 40-hour weeks 50 weeks out of the year, a $300,000 salary comes out to an hourly rate of around $150.
How much is $300K a year monthly?
A salary of $300,000 per year, divided by 12 months, comes out to roughly $25,000 per month.
How much is $300K a year daily?
A gross annual income of $300,000 per year, divided by 365 days, comes out to about $821.92 per day. Of course, most people don’t work every single day of the year. As an estimate for the normal five-day work week, accounting for weekends and typical American public holidays, an employee might work about 250 days per year, in which case a $300,000 salary comes out to approximately $1,200 per day.
Photo credit: iStock/Dusan Atlagic
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.
*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
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.
Got $10,000 and wondering how to make it grow? Investing can be a great way to build wealth and secure your financial future. Whether you’re new to investing or looking for fresh ideas, these 10 brilliant investment strategies will help you make the most of your money. Find out how to wisely invest $10k and watch your wealth grow.
1. Invest in Index Funds
Image Credit: Creativa Images.
Index funds offer an easy way to invest $10K by providing low fees and diversification. They track benchmarks like the S&P 500, making them a simple way to grow wealth over time. You need a brokerage account to start.
2. Put Money in High-Yield Savings Account
Image Credit: Amnarj2006 from Getty Images.
A high-yield savings account is great for storing your $10K safely. It’s FDIC insured up to $250,000, and with interest rates of 2% or more, your money grows without losing value.
To learn more: How Many Bank Accounts Should I Have
3. Invest in Individual Stocks
Image Credit: Jittawit.21.
Investing in individual stocks can grow your wealth if you’re patient and informed. With $10K, you can buy stocks in 10 to 20 companies, diversifying your investments and potential returns.
To learn more: How To Invest In Stocks For Beginners: Investing Made Easy
4. Fund A Health Savings Account (HSA)
Image Credit: Designer491 from Getty Images.
An HSA is a smart way to invest $10K, offering a triple tax advantage and saving for future healthcare costs. Contributions, earnings, and withdrawals for medical expenses are all tax-free.
5. Invest in Entrepreneurship
Image Credit: StefanDahl.
Investing in small businesses can yield high returns and personal satisfaction. Diversifying your $10K across multiple ventures reduces risk and can amplify potential profits.
6. Invest in Rental Properties
Image Credit: 1989_s from Getty Images.
Rental properties can build long-term wealth. Use $10K as a down payment on a low-cost rental, fix it up, and let tenant payments cover the mortgage and taxes, creating a steady income stream.
7. Max Out Your Roth IRA
Image Credit: Designer491 from Getty Images.
Max out your Roth IRA to invest part of your $10K. It offers tax-deferred growth and potential tax-free withdrawals in retirement. Remember, there’s a yearly contribution limit.
To learn more: Can You Have Multiple Roth IRAs?
8. Loan to Others Through P2P Lending
Image Credit: Andrii Dodonov from Getty Images.
P2P lending can provide high returns on your $10K investment. By lending directly to borrowers via P2P platforms, you cut out banks, enjoy better rates, and diversify your investments.
9. Invest In Crypto or Bitcoin ETF
Image Credit: Jamesteohart from Getty Images Pro.
Investing in cryptocurrencies or Bitcoin ETFs can offer quick gains with market volatility. High rewards come with high risks, so be prepared for potential losses but also big profits.
10. Pay off high-interest debt
Image Credit: Africa Images.
Paying off high-interest debt with $10K can be a smart investment. It frees up cash flow for future investments in stocks, funds, or real estate, helping you grow your wealth long-term.
To learn more: How to Get Out of Debt in 5 Easy Steps
More Idea to Invest $10k
Image Credit: Dean Drobot.
Looking to invest $10K? This guide shows options for all risk levels and goals, from stocks to real estate. Start making money and take your first step to becoming a millionaire.
To learn more: How to Invest 10K: The Best Ways to Invest Money for Future
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Live in Oregon or thinking of moving there? If so, you might be interested in knowing where you stand salary-wise compared to other 49 states.
The latest figures from the U.S. Bureau of Labor Statistics (BLS) reports the average annual income for Oregonians is $66,710, That’s slightly higher than the average annual salary in the U.S. of $65,470. Of course, an individual’s yearly earnings depend on several factors, including their occupation, level of education, age, and professional experience.
Here’s a closer look at the average salary in Oregon by age, city, and county, along with some of the highest paying jobs in the Beaver State:
Track your credit score with SoFi
Check your credit score for free. Sign up and get $10.*
Average Salary in Oregon by Age in 2024
As with other states, the highest earners in Oregon fall within the 25 to 64 age range, with a salary decline around retirement time. The salary peaks tend to be commensurate with age and experience. Not surprisingly, entry-level salaries in Oregon tend to be on the lower end of the spectrum.
Age range
Median salary
15-24
$45,239
25-44
$86,934
45-64
$89,663
65 and over
$55,973
Source: Nasdaq
Recommended: U.S. Average Income by Age
Average Salary in Oregon by City in 2024
You don’t need a money tracker to tell you that the city you live in can greatly influence how much you make each year. Oregon is no different. Per ZipRecruiter, here are the average salaries in 10 Oregon cities:
• Myrtle Point: $92,446
• Salem: $76,125
• Gold Beach: $74,126
• New Hope: $70,922
• Nesika Beach: $70,351
• Portland: $69,904
• Melrose: $68,811
• Coquille: $68,534
• Bunker Hill: $68,454
• Eola: $67,962
Average Salary in Oregon by County in 2024
Salaries can vary per county as a result of different factors. These can include whether the county is home to a larger city, where there’s more variety in work opportunities, a need for skilled workers, and the possibility of higher pay.
According to the latest Oregon state government figures, here’s an overview of the average annual salary in select counties:
• Morrow County: $64,067
• Benton County: $62,757
• Sherman County: $57,081
• Linn County: $51,902
• Umatilla County: $50,758
• Douglas County: $50,220
• Tillamook County: $49,350
• Klamath County: $48,488
• Curry County: $44,201
• Wheeler County: $36,359
Examples of the Highest-Paying Jobs in Oregon
A well-paying job can allow you to live a very comfortable lifestyle in Oregon. Oregon’s top paying jobs provide a six-figure salary, and tend to be in the medical field. However, occupations in business, science, and technology also make the list of some of the biggest salaries.
According to the BLS, some of Oregon’s highest-paying jobs are:
• Dermatologist: $481,330
• Anesthesiologist: $444,090
• Orthopedic surgeon: $421,790
• CEO: $371,290
• Obstetricians and gynecologists: $329,680
• Psychiatrist: $287,370
• Pediatrician: $219,110
• Computer and Information Research Scientist: $178,790
• Dentist: $177,440
• Physicist: $169,720
There are other occupations in Oregon with an annual salary of $85,000 or more a year that can allow for a more flexible schedule or be done remotely, such as an art director, financial specialist, web designer, or writer. These are jobs that can easily be work-from-home situations, which can offer opportunities for introverts.
Whatever your current salary, there are always ways to maximize your earnings by monitoring your spending and setting up a budget. A budget planner app can help with both.
Recommended: 2024 Net Worth Calculator by Age with Examples
The Takeaway
Considering moving to Oregon and wondering if you can afford it? The average annual income for Oregonians is $66,710, which is slightly more than $65,470, the average annual salary in the U.S. There are many counties and towns in Oregon where making this amount of money can provide a nice quality of life, though some cities and certain regions will be more expensive. However, the state is home to many high-earning occupations, and people between the ages of 25 and 64 are in a prime spot for earning a livable salary in the Beaver State.
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 good average salary in Oregon?
The median household income in Oregon is $86,780 according to the Federal Reserve Bank of St. Louis. The size of your family, your basic expenses, and the area you live, as well as other factors, can determine how far the money can stretch.
What is the average gross salary in Oregon?
The average annual gross salary in Oregon is $66,710, which breaks down to a monthly salary of $5,559.17 and $2,565.77 biweekly. This translates to $1,282.88 weekly, $256.58 daily, and an hourly wage of $32.07. Since the median rent in Oregon is $2,228 a month, you’ll want to earn more than the median yearly salary in order to be able to cover all of your expenses and possibly have some left over for savings and entertainment.
What is the average income per person in Oregon?
The annual average personal income in Oregon is $65,426, per the latest figures from the Federal Reserve Bank of St. Louis.
What is a livable wage in Oregon?
In order to make a living wage in Oregon, a single adult without children in Oregon needs to make $50,553 a year. This covers the basic cost of living, including housing, transportation, food, and medical care. For two working adults with two kids, the required income needed (before taxes) is $93,735.
Photo credit: iStock/StockRocket
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.
*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
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.
Welcome to the charming city of Little Rock, where southern hospitality meets modern living. With its rich history, beautiful riverfront, and thriving arts scene, Little Rock offers a unique blend of tradition and progress. Residents here enjoy a laid-back lifestyle, friendly neighborhoods, and a strong sense of community. Whether you’re looking for a cozy apartment in Little Rock or a spacious home for rent, Little Rock has something for everyone.
In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of living in Little Rock. Let’s get started and see what awaits in this gem of the South.
Fast facts about living in Little Rock
Population: Approximately 200,000 residents
Average rent: $868 per month for a one-bedroom apartment
Median home sale price: $265,000
Public transit: Rock Region METRO provides bus services throughout the city
Public parks: Over 60 parks and green spaces for recreation and relaxation
Annual tourists: Approximately 6 million visitors each year
Restaurants: Over 600, offering a variety of cuisines from around the world
1. Pro: Affordable cost of living
The cost of living in Little Rock is about 18% lower than the national average. Housing costs, in particular, are significantly lower, with the median sale price for a home in Little Rock around $265,000 and the average rent for a one-bedroom apartment in Little Rock about $868 per month, making housing 18% more affordable than the national average. Additionally, utilities are 8% less expensive, groceries are 2% lower, transportation costs are 11% below average, and healthcare costs are 12% less than the national average. This lower cost of living makes Little Rock an attractive option for individuals looking to stretch their budgets further. Residents can enjoy a comfortable lifestyle while benefiting from these cost savings.
2. Con: Limited public transportation
While Rock Region METRO provides essential bus services, the public transportation system in Little Rock is limited compared to larger cities. The city has a transit score of 19, a walk score of 33, and a bike score of 34. This means that most daily errands require a car, which can be inconvenient for those who prefer not to drive or do not own a vehicle. The spread-out nature of the city and limited service hours can make commuting challenging without a car.
3. Pro: Rich history and culture
Little Rock boasts a rich history and vibrant cultural scene. The city is home to several museums, historic sites, and cultural institutions, such as the Clinton Presidential Library, the Arkansas Arts Center, and the Historic Arkansas Museum. These attractions provide residents with numerous opportunities for educational and cultural enrichment. Additionally, Little Rock hosts a variety of festivals and events throughout the year, celebrating everything from music and arts to food and heritage.
4. Con: Hot and humid summers
Little Rock experiences hot and humid summers, with temperatures often soaring into the 90s°F. The intense heat and humidity can be uncomfortable and limit outdoor activities during the peak summer months. Residents need to be prepared for the weather with proper cooling systems and hydration strategies. While the city enjoys mild winters, the summer heat can be a challenge for those not accustomed to such conditions.
5. Pro: Outdoor recreational activities
Little Rock offers a wide range of outdoor recreational activities, thanks to its scenic location along the Arkansas River and proximity to the Ouachita Mountains. Residents can enjoy hiking, biking, fishing, and boating in the numerous parks and natural areas.
Popular outdoor spots in Little Rock
Pinnacle Mountain State Park
Riverfront Park
Two Rivers Park
Burns Park
Murray Park
These locations provide ample opportunities for fitness, relaxation, and enjoying the natural beauty of the region.
6. Con: Limited job market diversity
While Little Rock has a growing economy, the job market is somewhat limited in diversity compared to larger metropolitan areas. The city’s economy is heavily influenced by government, healthcare, and retail sectors. While these industries provide job opportunities, those seeking employment in more specialized fields may find fewer options available. The city’s smaller size can also limit career advancement opportunities for some professionals.
Top employers in Little Rock
University of Arkansas for Medical Sciences (UAMS)
Baptist Health
Dillard’s
Arkansas Blue Cross Blue Shield
Arkansas Children’s Hospital
7. Pro: Strong educational institutions
Little Rock is home to several respected educational institutions, including the University of Arkansas at Little Rock (UALR) and the University of Arkansas for Medical Sciences (UAMS). These institutions offer a wide range of programs and contribute to the city’s vibrant academic atmosphere. Additionally, Little Rock has a variety of public and private schools providing quality education for everyone.
8. Con: Limited shopping options
While Little Rock has a variety of local shops and boutiques, it lacks the extensive shopping options found in larger metropolitan areas. Residents often need to travel to nearby cities for certain retail needs or high-end shopping experiences. While local malls and shopping centers provide basic necessities, the selection can be limited compared to larger cities.
9. Pro: Community-friendly environment
Little Rock is known for its strong sense of community and Southern hospitality. The city hosts numerous events and festivals throughout the year, such as the Riverfest and the Arkansas State Fair, which bring residents together and foster a sense of camaraderie. Little Rock’s neighborhoods, such as Hillcrest, Heights, and the Quapaw Quarter, offer a variety of living environments with active community associations and local initiatives that enhance the quality of life.
10. Con: Limited nightlife
While Little Rock offers a variety of dining and entertainment options, its nightlife scene is not as vibrant as larger cities. The city has a more laid-back atmosphere, with fewer late-night venues and entertainment options. Residents seeking a bustling nightlife might find the options limited, though there are still plenty of local bars, breweries, and restaurants to enjoy. For those who crave more excitement, larger cities like Memphis and Dallas are within driving distance.
11. Pro: Historic charm
Little Rock’s rich history is reflected in its architecture and historic districts. The city is home to several well-preserved historic neighborhoods, such as the Quapaw Quarter, which features beautiful homes and tree-lined streets. Downtown Little Rock also boasts historic buildings and landmarks, including the Old State House Museum and the Robinson Center, adding to the city’s unique character and charm.
12. Pro: Culinary diversity
Little Rock is home to a diverse culinary scene, with a variety of restaurants offering cuisines from around the world. From Southern comfort food to international delights, the city has something to satisfy every palate. Food festivals, such as the Main Street Food Truck Festival and the Arkansas Cornbread Festival, showcase the city’s culinary creativity.