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I don't make enough money, but as long as we can pay our bills, put food on the table, and keep a roof over our heads I'd say we are doing pretty good.
Here is a little formula that sums up how to be happy with your income:
Income: 40K. Expenses: 45K. Misery
Income: 40K. Expenses: 35K. Happiness.
Live below your means, make sacrifices, "use it up, wear it out, make it do, or do without." The philosophy is aptly named "Provident Living." Avoid debt, save a little for a rainy day, and don't indulge if you cannot afford it.
My income--High? No. Sufficient? Yes.