Agreed, I'm in the UK, living in one of the more expensive regions outside London and I'd be considered to be doing pretty well if I hit £50K.
Graduate salaries are starting to push high 30's!
The other thing to take in to account with the US figures - taxation. I believe the US tax system taxes the individual directly, where as in the UK we are generally PAYE and taxed at the point we are paid our salary. Maybe someone in the US can confirm that?
I've lived in the US. Your taxes are withheld from your pay. Unlike in the UK, everyone has to fill in a tax return - even if all of their income comes from a regular job. You might be due a small refund or owe a small amount at the end of each tax year, but fundamentally you're taxed as you go throughout the year.
Note that is VERY individual circumstances specific. The largest chunk of that missing $70,000 went to taxes at the local, state, and federal level. Easily $45,000 of it is gone in taxes. There is also a common game of moving pre tax dollars around that benefit you, but not exactly the same way a dollar in hand would.
The two most common are 401ks (typically 4-8% of gross depending on employee matching) which is money that goes into a retirement account for you and you can't touch it until you are old (55 or 65 or something, not up to date on the numbers there) without incurring both a significant penalty of 10% but also having to pay tax on it the year you withdrawal it. There are a few hardship exclusions like medical, first time home buying etc, where you can dip into this untaxed pool of money but for the most part can't touch it until retirement.
The other common pre tax exclusion is an HSA where you get to put pre taxed dollars into an account that can only be used to pay for medical expenses. Essentially every high dollar professional in America takes full advantage of this offering as we all expect to have out of pocket medical expenses and it makes no sense to pay them with taxed dollars instead of pre taxed dollars.
Not really. HSAs are common for sure, but people with high incomes often can afford lower deductible policies. You can't open an HSA unless you have a high-deductible health insurance policy.
I've done it both ways, and I personally prefer paying more for a better insurance policy and not having to bother with HSA paperwork.
It's the same in the US, so salary figures are directly comparable (after currency conversion).
Taxes are lower in the US, but healthcare costs are much higher and it roughly balances out.