Can You Live off 18K a Year?

Yes, you may have to work harder for a little while, but it's only a season. If you REALLY want it, you CAN make it happen. The same is true for your income. If you REALLY want to be able to live on $18,000/year or even half that (here's my post on how I lived on $700/month), you CAN do it.

Is 20K a year poverty?

Poverty, as defined by the government, takes into account income and the number of people in the household. At around $20,000, families of three or larger are considered impoverished. (The poverty level is $11,880 for one person and $16,020 for two people.)

Can you live off 20K a year?

You will need to learn how to budget, however. Living on less than $20,000 a year is not easy, but it is not incredibly difficult either if you take proactive steps to save. You won't have all the toys and clothes of people in a higher tax bracket, but you can live on an income under $20,000 a year.