What Is 6 Figures? in Money and What Does It Mean? Almost nothing can be done without money these days. Whether you need a roof over your head, clothes to cover your body, or food to keep yourself alive, everything requires money. When you need money for even basic survival needs, it is obvious that you need more money to fulfil your wants and live a comfortable life. It is very difficult for many people to decide how much money is necessary for them to live comfortably and lead a balanced life. As a result, they fall prey to the so-called ‘trends’. Many people go around being pompous and boasting about how much money they make. You may hear them proudly claiming that they have a 6-figure income. Let us look at what is 6 figures in money.
Read What is 6 Figures ? Figure here means the number of digits. For e.g., $1000 is a 4-figure number as it has 4 digits. Similarly, $364,788 is a 6-figure number because it contains 6 digits. It is important to note here that digits after the decimal place are not counted while calculating figures. For e.g., $399.17 is a 3-figure number and not a 5-figure number. When it comes to income, what is 6 figure means an income when your annual earnings are 6 digits. It can be anywhere in the range of $100,00-$999,999. This is a fairly wide range, hence many people prefer to divide it further into 3 ranges: 1. Low-Six Figure: It has a range of $100,000-$399,999. 2. Mid-Six Figure: It has a range of $400,000-$699,999. 3. High-Six Figure: It ranges between $700,000-$999,999.
After understanding in detail what is 6 figures, let us see how to calculate it in different scenarios.