• 0 Posts
  • 26 Comments
Joined 1 year ago
cake
Cake day: June 2nd, 2023

help-circle








  • According to the Bureau Of Labor Statistics, the median salary for airline captains, first-officers, second-officers, and flight engineers in the United States is $203,010 as of 2021.

    The big problem is actually in certifying people qualified to take those jobs, which takes additional time and money, mostly to pay for flight time for training. It can take a few grand for just a personal pilot license, but to fly an airline, you need instrument, commercial, and Airline Transport Pilot License (ATPL) certifications, plus increasingly expensive type ratings for the various aircraft you will be flying, a minimum of 1500 hours of flight time, and multiple years at the bottom working your way through smaller regional airlines and courier services.

    You can get through the commercial licensing in 12-18 months and about $40k in flight time and insurance, but that is barely enough to get your foot in the door making $50k a year, and even then, you’re still not allowed to fly parcels or passengers for money. Getting those licenses will take another 18 months and another $40-80k, again, mostly in flight time.

    That said, once you have ATPL, the company will start paying for your flight time, and you will be earning a 6 figure salary. After 5 years or so and about $100k investing in your training, you should be making over $200k, and can begin to recoup those costs.









  • SpacePirate@lemmy.mltoPersonal Finance@lemmy.mlSalary Needed To Buy a Home In The US
    link
    fedilink
    English
    arrow-up
    29
    arrow-down
    1
    ·
    edit-2
    1 year ago

    What is the size of the “median” home in each area? Single family, or townhome, or condo?

    Given that this appears to be a median average, this graphic does not account for the extremely wide variance depending on the cases above. A two bedroom condo and a five bedroom single family home could easily have a $2000/mo variance in the mortgage cost.

    The other item that would perhaps be useful would be to call out what the down payment requirement is for each of these areas; ie, you can only achieve a $3000/mo mortgage if you’ve also put down $140,000, which is unachievable for over 90% of the country.