According to Wikipedia[1] median household income in the US and Norway is only about a quarter of your 160 kUSD.
I'm pretty sure that most of the people living near me in Norway are not high earners but I don't see any signs of starvation either.
That highly depends on your definition of "need" and where you live. If you're in a city with ludicrous cost of living, like San Fransisco, then sure. But, that's also why people commute, or just choose to go somewhere cheaper. It's somewhat shocking seeing how much higher the standard of living is, with much less income, outside the big cities.
That feels pretty close to accurate.