45k a good salary at 25 years old?

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Making 45 k a year, science degree, retail management, just turned 25 years old. Semi secure job. Living in Chicago.

Brought student loans from 30k to 22k. Bought a SUV with 52k miles, now 62k miles and have completed all of the maintenance. Other then my auto, just up to ears in debt b.c. of student loans.

Is this a good salary for my age? At what age should salary increase.
Thank You all for your input.
Prepharm was goal to get into retail to advance career. I am using it, but without the healthcare aspect. I was accepted, but denied school when got job offer for retail.

5 Comments
  1. Reply
    nice help
    November 10, 2011 at 7:51 am

    how much is that

  2. Reply
    the tax lady
    November 10, 2011 at 8:08 am

    Yes, it’s a good salary.

    Congrats on paying off $ 10K on the student loans. Only $ 22K to go.

    As far as when your salary increases, all bets are off. As you get more experience and do more things for your employer, they may increase your salary.

  3. Reply
    Matthew Sedillo
    November 10, 2011 at 8:29 am

    im 22 and i make 50k a year, no degree just higschool deploma (law enforcement). You have a science degree and make less than me. With that type of higher education i’d say you should be making more.

  4. Reply
    billybobglatz
    November 10, 2011 at 9:06 am

    not a bad salary at all I’m at 48k with an engineering degree working in an engineering field. I’m 29 and expect a decent promotion and pay raise early next year up to maybe 60k

    I also support my wife who stays home to raise our kid(s). we have one but are planning on more. I have a decent sized house, two cars paid off (one I bought brand new: Chrysler 300), student loan going down pretty steadily. I am saving for retirement, college for my kids and an addition on my house. On top of all that I live in western new york which is, as I understand, one of the highest taxed areas to live in.

  5. Reply
    Zarg222
    November 10, 2011 at 10:03 am

    it’s very good for RETAIL

    why aren’t you using your college degree?

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