These days, the dollar isn’t stretching as far as it used to, which means people who are barely making due with “minimum wage,” have noticed that $1,000 a week might not cut it anymore.
But how much more money is necessary for you to do more than survive? Will $1,000 a week be good enough?
With the average salary in America being $56,310, $1,000 a week can reasonably be classified as a good income that is sufficient for the average single American man or woman to meet their cost-of-living expenses.
Keep reading to see how good $1,000 a week really is and how you can upgrade to that income yourself.
How Good a Pay is $1,000 a Week?
$1,000 might not sound like very much, but it isn’t minimum wage.
If the federal minimum wage is $7.25, the average length of a work day in the United States is 8.5 hours, and you had a weekend, you would earn only $308.13 a week. Suddenly $1,000 a week is looking much better, isn’t it?
The national average for minimum wage is actually $10.00/hr which equates to approximately $425 a week. Now, if you only have a high school diploma or GED, it’s very difficult to a job that pays any better than minimum wage, but let’s be honest – it isn’t impossible to land a job that offers $1,000 a week.
How Much Does $1,000 a Week Make a Year?
With 52 weeks in a year, $1000 a week will get you $52,000 a year. If you break that down by month, your total monthly income will be $4,333. That ain’t bad!!
And think about this, if you only have a high school diploma and can land this kind of income, you’ll be ahead of most of your peers who went to college or a university and start off only earning $30k-$40k per year PLUS the college debt they now have to pay off.
Is $1,000 Enough to Live on?
There is a reason minimum wage is called “minimum wage.” It’s the amount citizens require in order to meet basic living expenses such as rent, food, utilities, etc. Does $1000 a week at least make this requirement? Well, as usual, it depends on where you live, but especially how many people live with you.
Is $1000 a week good pay for a single person? The estimated monthly cost of living for a single person living alone in the United States is between $2,973 and $3,189 on average.
At almost $3,000, $1,000 leaves a respectable amount of breathing room which you can increase if there are extra costs you can live without. Such expenses might include paying for house keepers or some entertainment costs, which have been considered when calculating the average cost of living.
But what if you don’t live alone? Is $1000 a week good pay for a small family of four? A family of four requires an average monthly income between $5,149 and $7,095. In other words, $1,000 a week will not cover the necessary expenses.
You and your spouse would need to make twice that amount, which we can help you with, so don’t despair. Click here to see 9 different ways you can safely double your income in as little as 24 hours. This leads to a question you’ve probably asked yourself already, “is there a job for me that pays $1000 a week?”
What Jobs Offer $1,000 a Week?
You’ll be relieved to know there are a number of jobs that are happy to pay $1000 a week for different skills. You don’t have to worry about unreasonable hours or labor in order to earn this income, either.
What matters is that they supply you with $1000 a week. If you can work the traditional 40 hours a week and want your two-day weekend, that would mean you need a job that pays $26.67/hr. These jobs include
- Freelance Writer
- Social Media Manager
- Website Designer
- English Tutor
- Data entry clerk
- Online appointment booker
- And more
4 Ways You Can Make $1,000 a Week
We’ve covered new jobs or careers that you can choose to replace your current job, but we know not everyone can risk switching jobs. What are you supposed to do then?
1. Pet/House Sitting
Homeowners often need to leave home for family gatherings or to go on vacation and don’t have anyone to watch their home and/or pets while they’re gone. Sites like TrustedHouseSitters makes it easy to match homeowners with trusted housesitters, like you.
2. Assist Companies as a Consumer
You can supplement your current income by taking paid surveys or testing company websites for a fee. There are at least 23 companies that will occasionally pay users to test their site. You just have to keep up on the offers.
3. Sell Your Own Goods
If you’ve read my blog before, you know I love to sell my old sh** for cash. I’ve made a killing selling old golf clubs! This is my driver I sold last year, sadly my new one didn’t help my slice.
These days, it’s just so easy to create your own online store and sell handmade goods or old things you just don’t need or use anymore. You can start locally too to avoid paying to website upkeep at first. Places you can sell include
- Craft fairs
- Consignment shops
- Retail Botiques
- Trade shows
- Online marketplaces (eBay, Facebook, Craigslist, etc.)
If none of the above suggestions really thrill you, we have an article here on 9 other legit ways you can make an extra $1,500 a month to at least give you a boost while you consider your options.
4. Write an Ebook
People will always want an escape from their worries, and for some, it’s through ebooks. Everyone is an expert in something, and there are readers who are looking for your expertise. If you publish through Amazon you’ll typically keep 70% of the sales.
If you don’t think you could write a whole book, you can start with an online blog. You can make money with a blog with ad revenue, affiliate links, subscriptions, coaching offers, or giving yourself a platform to sell your crafted goods.
In my article here, we show you (step-by-step) how to start a blog in 3 easy steps.
In answer to the question “is $1000 a week good pay?” we can say that $1000 a week can provide you a reasonably comfortable lifestyle. Hopefully, this income now seems much more within reach to you.