Definition, Meaning & Synonyms

modest-income

noun

ˈmɒd.ɪst ˈɪn.kʌm

Definition

A modest income refers to an amount of money earned that is considered average or below average, usually enough to meet basic living expenses without excess.

Examples

Many families with a modest income often budget carefully to save for emergencies.
Despite living on a modest income, they managed to travel once a year.
Finding affordable housing can be challenging for those with a modest income.

Meaning

The term ‘modest-income’ describes individuals or households that earn a relatively low to moderate salary, allowing for a comfortable lifestyle but not excessive luxury.