Do you know what most people mean when they refer to 3 figures? You might have heard people describing how they earn 3 figure salaries.
In this article, you will learn what 3 figures are and what it means when referenced to money.
What is 3 Figures?
3 figures are any number with three digits that fall within the range of 100 and 999. This implies that all numbers within this range can be referred to as 3 figures.
In schools, teachers may use 3 figures to describe a given set of numbers, including numbers containing a decimal such as 67.2.
In an academic perspective, 67.2 is a 3 figure. However, in terms of income, salaries or costs 67.2 is not a 3 figure but a 2 figure.
Aside from 3 figures, people also refer to 4 figures, 5 figures, 6 figures, and the list goes on. So when next you hear people saying 3 figures, keep in mind that they are talking about money.
When describing 3 figures as money, people often refer to their earnings and general income. This implies that 3 figures mean any amount that falls within $100 to $999. If your income falls within this amount, you can describe your earnings as a 3 figures income.
Aside from talking about your salaries, you can use the term “3 figures” to describe the actual cost of an item. For example, if the price of shoes costs $540, you can say the item is a 3 figure shoe. Keep in mind that if your number has a decimal, it may not be considered as 3 figures as mentioned earlier from an academic perspective.
The only way it can be classified as a 3 figure is if the decimal comes after the first three digits. For example, you cannot refer to $6.34 as 3 figures. But you can refer to $634.55 as 3 figures since 634 falls within the range of 100 and 999.
The term “3 figures salary” refers to working-class people whose earnings fall within $100 to $999.
If your employer pays you from $100 to $999 per hour, you are a 3 figure per hour salary earner. But getting such a job opportunity may require some level of professionalism. This implies that you must be a professional in a particular field to earn this amount.
When you earn from $100 to $999 per day, you are a 3 figure salary earner. Most people working in developed nations fall under this category. You don’t necessarily have to be a professional to earn a 3 figure salary per day.
If you can earn from $100 to $999 per week, you are regarded as a 3 figure per week salary earner. More than 60% of American households earn 3 figure per week salary. This income is relatively low and it is the income bracket for poor households. However, this same amount in developing nations is more than enough for most households.
When you can earn up to $100 to $999 per month, you are considered as a 3 figure per month earner. This implies that your salary does not exceed 3 figures at the end of each month.
If your yearly salary falls between $100 and $999, you are considered as a 3 figure yearly salary earner. The working population that falls within this salary scale is those working in underdeveloped nations. No American household can survive with this amount per year no matter how they plan their budget
Moderate 3 figures is an amount that ranges from $200 to $399.99. Hence, if you can earn within this range, keep in mind that you are a moderate 3 figures earner. Most people that earn up to this amount are average workers in any working establishment.
Medium 3 figures begin at $400 and stop at $699.99. This implies that if your daily, weekly, or monthly earnings fall within this range, you are considered as a medium 3 figure earner.
High 3 figures start at $700 to $999.99. When your salary falls within this range, you are considered as a high 3 figures earner. Most people that can earn up to this amount per day are professionals in different fields.
Therefore, any amount ranging from 100 to 999 is a 3-figure amount. Any amount ranging from 1000 to 9999 is a 4-figure amount.
5-figure is any amount ranging from 10,000 to 19,999 and 6 figure amount is any amount ranging from 100,000 to 999,999.
Anyone earning 7 figures per year earns a million and above income per year