[Tsuwabuki]

I make quite a bit more than that, and I have less experience than you, in a more competitive job area.

I would be wary of this, because anyone with an engineering degree should be (as market rates go) making more than I do, and with five years experience you should be making even more.

That being said, MMM is correct. It is a wage you can live on, given you watch your dining out, your social activities, and don't have any excessively expensive hobbies.