An annual salary of $500,000 is approximately $9,615.38 per week (gross, before taxes).
$500,000 is how much a week? If you're earning $500K, you'd be making approximately $9,615 per week. This amount is calculated by dividing the yearly salary by 52, the total number of weeks in a year, based on a standard 40-hour workweek.
There aren't many of them, just 110,613 — 82,258 men and 28,355 women. Only 39,209 have taxable incomes of more than $500,000, and of these only 14,467 have taxable incomes of more than $1 million.
The average Australian full-time worker is now earning more than $2000 a week for the first time in history. New figures from the Australian Bureau of Statistics (ABS) show the average ordinary full-time weekly earnings for adults hit $2011.40 before tax in May.
How much is $50,000 a year weekly? If you make $50,000 per year, your weekly salary comes out to around $961.54.
$40 an hour is $83,200 per year, assuming a standard 40-hour work week for 52 weeks, calculated by multiplying $40 by 40 hours per week, then by 52 weeks in a year ($40 x 40 x 52 = $83,200).
"A pay packet of $130,000 might represent significant financial comfort in some areas, whilst barely covering essential expenses in others. Salary expectations are also highly variable according to location.
In 2022 the median income in Australia was $65,000 a year according to the Australian Bureau of Statistics. Anyone making less than this amount would be considered working class. Anyone making more than $137,000 falls in the top 10% which is considered upper class.
Is $90K a Year Considered Middle Class? Depending on where you live and your household size, you may be classified as middle class. According to the Pew Research Center, a middle-class household has an income between $47,189 and $141,568. A $90,000 salary is well within that range.
While exact real-time figures vary, estimates from around 2025 suggest approximately 400,000 to over 500,000 Australians held over $1 million in superannuation, with about 2.5% of the population reaching this milestone as of mid-2021, a figure that has likely grown with strong investment returns, though many more hold significant balances and millions are projected to reach this goal by retirement, especially men.
The average Australia needs to earn nearly $400,000 a year to feel rich, which is a 'far cry' from what the average person is actually putting away. For many Australians, earning a six-figure salary used to mean you had “made it” and were well-off in your career.
Jobs paying $500k+ in Australia are primarily in highly specialized fields like Medical Specialists (surgeons, anaesthetists), Senior Finance/Executive Roles (CFO, Head of Treasury, Investment Directors), and high-end Sales & Construction Management (Elite Stockbrokers, Senior Project Managers/Estimators in complex sectors). While roles like Neurosurgeon and Ophthalmologist average well over $500k, achieving this in other sectors often involves performance-based bonuses or leading major projects, with opportunities listed on job boards like SEEK and Jora.
£12.50 hourly is how much per year? If you make £12. 50 per hour, your salary per year is £26,000.
Annual Incomes of Top Earners
The highest-paying jobs in Australia are dominated by specialist medical professionals, with neurosurgeons and surgeons topping the list earning over $450,000 to $600,000+ annually, followed closely by anaesthetists, while other lucrative fields include financial dealers, legal partners, and senior management (CEOs, Directors), with some partners in elite law firms potentially reaching $1 million.
To be considered wealthy in the U.S., Americans say you need a net worth of $2.3 million in 2025 — but that number can be even higher depending on where you live.
The number of Australian individuals with more than US$10 million ($15.7 billion) in assets has passed 42,000, rising by 3.9 per cent over the past year.
Around 10% of Australians, or approximately 2.6 million people, earn $100,000 or more annually, though this figure varies slightly with different data sets and years, with median incomes being significantly lower, around $65,000-$70,000 for all workers, placing a six-figure salary in the upper-middle to high-income bracket.
How to avoid paying higher-rate tax
Most Americans Earn Far Less Than $100k
According to last year's YouGov data, only 18% of U.S. adults earn more than $100,000 annually. And the biggest earners are mostly men—25%—and those aged 35 to 44—25%. For comparison, just 12% of women make six figures.
Neutral and informative: “For context, $80k a year works out to about $38.50 an hour on a 40-hour workweek. I'm open to discussing total compensation and benefits that affect the overall package.”
Find the typical pay range for the job in your location. Use this to guide your salary goal. If the offer is much lower than typical range, you can ask for a higher offer, or an early salary review. Don't be afraid to ask for additional benefits or flexibility that may be important to you.
Side hustle ideas are everywhere.