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This question is about Allen, TX.
What is a good salary in Allen, TX?
A good salary in Allen, TX is anything over $62,000. That's because the median income in Allen is $62,000, which means if you earn more than that you're earning more than 50% of the people living in Allen. The average salary in Allen is $71,926.
A good hourly wage in Allen is $29.81 per hour. That works out to a good weekly wage of $1,192 per week and a good monthly wage of $5,166 per month. However, using the median income is only one way to calculate a good salary in Allen.
Another way to calculate a good salary in Allen is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $303,300, a good salary in Allen would be $60,660.
Lastly, we can determine a good salary in Allen by looking at the cost of living and comparing it to the US average salary. The cost of living in Allen is 12% higher than than the national average. The national average salary is $56,310, so a good salary in Allen is anything over $63,067 by this measure.
Average Annual Salary in Allen, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $31,000 | $2,583 | $596 | $14.9 |
| 25th | $43,000 | $3,583 | $826 | $20.67 |
| Median | $62,000 | $5,166 | $1,192 | $29.81 |
| 75th | $89,000 | $7,416 | $1,711 | $42.79 |
| 90th | $123,000 | $10,250 | $2,365 | $59.13 |
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