A six-figure job may sound like the ultimate career in providing for your family. Even better is working from home and earning that kind of money.
When you factor in inflation, the high cost of living in certain areas, and high mortgage interest rates, you might wonder how far even a six-figure salary can stretch.
Also, many six-figure jobs will require an investment in your education, such as a degree or certificate.
How much is six figures?
So how much is six digits exactly? A six-figure salary represents any six-digit number from $100,000 to $999,999. As you can see, that’s a huge range which means that not all six-figure earners are making the same amount and consequently living the same lifestyle.
But for clarity, once you reach the income level of at least $100,000, you can call yourself a six-figure earner. Remember that this is gross income before taxes and expenses (if you’re self-employed since business owners can deduct certain expenses from their taxes). This means you will earn at least $8,333 per month.
Speaking of taxes, even if your gross income is $100,000 or more, you won’t actually be bringing home a 6-figure home due to taxes. Each state has its own tax rate, which often increases based on your income level.
According to ADP’s Salary Paycheck Calculator, someone making $100,000 in salary or $8,333 per month would actually bring home about $6,465.16 per month or $77,581.92 in annual salary after taxes and Social Security. If you receive workplace benefits such as a 401(k) plan and health insurance, your take home pay will be even lower.
Six figures is still a great income benchmark for many people, and there are many work-from-home jobs that pay six-figure or even seven-figure salaries. Plus, with high-paying work from home jobs, you can constantly hone your skills to get raises and promotions.
Typical six-figure job
When you think of typical six-figure jobs, such as a lawyer, actor or athlete may come to mind. However, celebrities with eight-figure salaries are not a realistic ideal for most people.
CEOs, investment bankers, pilots and doctors also have high salaries. Many of these jobs can pay well and help you increase your net worth, but they also require years of education, long hours, and lots of student loans.
If you want to work from home and avoid getting multiple degrees or certifications, there are still options to earn 6-figures or more per year.
Below are some of the best high-paying jobs to consider even if you don’t have a master’s degree.
Web Developer – $79,890+
Web developers create and maintain websites. They help improve the performance and capabilities of a website. For example, if a website is taking too long to load, a web developer can help troubleshoot and fix it.
Developers also write the code for a website using HTML, and some may even integrate graphics, audio, and video. To become a developer, you must have an interest in creating and managing websites to help them work better.
According to Bureau of Labor Statistics, web developers earn an average of just under $80,000 a year, but many experienced developers earn well over six figures. Many jobs require a bachelor’s degree or equivalent work experience.
Since you primarily work on computers, this is an excellent high-paying work-from-home job with high demand. Flexjobs Regularly advertises several part-time and full-time web developer positions.
Project Manager – $136,506
Project managers supervise employees and lead a team helping to manage the company’s products or services. A project manager has a variety of roles. Some may be in marketing, communications, or advertising, and others may be in software, healthcare, or commercial construction.
Typically, you’ll need a bachelor’s degree in a related field and several years of work experience to demonstrate your leadership potential. Project managers may have to spend some time checking in on different projects, but you can probably do most or even all of your work online.
Jeep Recruiter Lists six-figure project manager roles in various fields.
Freelance Writer – $20,000-$140,000
Freelance writers create content for the web or print in the form of articles, news, blog posts, marketing copy, white papers, etc. There are plenty of freelance writing opportunities and you don’t need a degree or any specific certification.
Some writing experience and ability to learn quickly is always beneficial. Getting started as a freelance writer is also quite easy. You’ll need to create a writer’s portfolio by submitting a few pieces to publish online or in print. Some writers submit some assignments for free to establish samples that they can use to pitch for paying jobs.
According to Ziprecruiter, freelance writers working on more complex topics earn an average of $33 per hour for more experienced writers and $80 per hour on the high end. One of the best things about freelance writing is that you can choose your own clients and how much you charge.
Like the site Problogger, MediaBistroAnd Upwork Great resource for finding writing leads. Also, remember that you can email bloggers or local businesses you know and ask if they need help adding content to their platform.
Senior Sales Executive – $135,228
Senior sales executives are the most experienced members of the sales team. They help monitor sales goals and manage specific accounts alongside the sales team. If you’re comfortable talking to people and have some sales skills, you don’t need to be a senior sales executive to earn six figures every year.
If a good portion of your income comes from commissions, you can use your sales skills to increase your income. Your income may vary from month to month and you still have to work hard.
Here are some additional home-based sales positions to consider that can generate a six-figure income.
- Joining the direct sales team for a high-ticket product
- Insurance sales (must be a licensed insurance agent in your state, but you can work with several insurance companies)
- Real estate sales (a real estate license will be required)
- Software and Technology Sales
- Medtech Sales
Psychologist/Therapist – $93,992+
Most experienced psychologists and therapists earn six figures while working full-time. You will need a license to provide mental health services and a bachelor’s degree Once licensed, you can provide virtual counseling sessions with clients from the comfort of your own home.
It is a flexible career where you can set your own service rate if you want to work independently. Register for Psychology Today And similar databases will help clients find you and inquire about your services.
You might also consider working with a therapy and mental health texting app, such as Better help, from home. Better Help provides therapists with a $650 health insurance stipend, bonuses and incentives and access to more than 390 continuing education courses.
Recruiter/HR Professional – $93,000+
Recruiters work in the Human Resources (HR) department and are responsible for finding qualified candidates to fill open positions. Recruiters are often the first point of contact for a candidate and manage the screening process, including sending applications and conducting follow-up.
For this type of job, you’ll need excellent communication skills, interpersonal skills, and a bachelor’s degree in HR or a similar field. HR is a great field to get promoted and once you have experience, you can look for advanced roles like an HR manager.
Medium to large sized companies need HR professionals and are often actively recruiting for these roles. While some positions require you to come into the office, others will allow you to work remotely as long as you’re nearby.
Finding the right 6-figure income work-from-home job for you depends a lot on your interests and skill level. You see, you don’t have to be the CEO of Google, Facebook or Amazon to make six figures or more. Most six-figure jobs require a college degree, but don’t let that hold you back. Some positions may hire someone who can demonstrate their experience, and if you’re willing to find your own clients, you can also consider offering your services as a self-employed or freelancer.
With any job, it’s wise to determine how much your take-home pay will be after taxes and benefits. A 6-figure salary can also be earned by combining multiple income streams or creating passive income through investments or an online business.